At the end of November, Google announced it was buying bebop, a cloud platform startup founded by former VMware CEO and co-founder Diane Greene. Today, the company filed paperwork with the SEC revealing the purchase price: $380,241,352 to be precise. The move was believed to be as much about bringing in Greene to lead its enterprise cloud effort as the bebop technology itself. Little is… Read More
from TechCrunch
Some consolidation in the world of gaming and specifically e-sports. Today Activision Blizzard confirmed that it has acquired Major League Gaming, a specialist in live gaming events as it vies to become the “ESPN of e-sports.” The news follows reports over the weekend that Activision would be buying MLG for $46 million and shuttering the business. In the event, Activision is… Read More
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Intel has made yet another hardware acquisition to build up its business of integrating its processors and RealSense imaging technology into the next wave of connected devices beyond PCs. Today the company announced it has purchased Ascending Technologies, a Germany-based startup that makes small drones and the software used to fly them. Financial terms of the deal have not been disclosed… Read More
from TechCrunch
It was a few months back that rumours began to circulate within the European — and specifically Berlin — startup community that ex-Early Bird VCs Ciarán O’Leary and Jason Whittier were raising a fund of their own. Well today that news comes to surface with the new firm, dubbed BlueYard Capital, getting an official, albeit modest, outing via a blog post written by O’Leary. Read More
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Quartzy, a lab supplies marketplace, announced it has closed a $17 million round in Series B financing to help the startup build up the supply of lab equipment offered to customers. The startup launched out of Y Combinator four years back and has since partnered with several academic institutions, including Stanford to offer an alternative marketplace for pricier lab supplies. Quartzy does so… Read More
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Lyft announced the close of its $1 billion Series F round today – half a billion of which came in from General Motors. The ridesharing service is now worth a whopping $5.5 billion and plans to use the money to work with GM on a connected network for self-driving cars. The other $500 million came from Saudi Prince Al-Waleed’s Kingdom Holding Company, Janus Capital Management,… Read More
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Movinga, the online removals startup that claims to be a leader in its native Germany but also operates in numerous other European countries, such as Austria, Switzerland, U.K., France and Italy, has picked up $25 million in Series B funding. Read More
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Paytm, the Indian mobile commerce company backed by Alibaba, announced today that it has acquired Shifu, a personal assistant app for smartphones. The value of the deal was not disclosed, but Paytm senior vice president Kiran Vasireddy confirmed that it is close to the $8 million reported by new outlets like the Times of India. Read More
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Credit and finance management platform Credit Karma, known best as the startup that offers free, no-strings-attached credit scores, has made its first acquisition. The company has acquired the makers of the mobile application Snowball, with plans to leverage the team’s expertise in mobile notifications. Terms of the deal were not disclosed, and the Snowball app will be pulled from… Read More
from TechCrunch
Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s biggest shareholder, with a 27.7 percent stake. Read More
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