Acquisitions

Flipboard to Buy Zite from CNN For $60 Million [u]

Flipboard has today announced that it is buying magazine app Zite from CNN, which acquired the service three years back for around $20 million. According to TechCrunch, Flipboard will integrate CNN content in its app, covering over 300 feeds, in addition to paying $60 million. Flipboard has also said that it will stop updating Zite, but will add some...

Google SVP: We Never Made An Offer to Buy WhatsApp

Google's Senior Vice President Sundar Pichai has denied making any acquisition offers to WhatsApp in a statement he made at the Mobile World Congress (MWC) yesterday (via The Telegraph). When Facebook announced plans for its $19 billion acquisition of the popular messaging app, Fortune reported that Google had also made an offer of $10 billion to WhatsApp. However, the Google...

Google Attempted to Buy WhatsApp for $10 Billion

Earlier today, Facebook announced its plans for the acquisition of the popular cross-platform messaging app WhatsApp for $19 billion, but it seems that Mark Zuckerberg wasn’t the only trying to grab the rapidly growing messaging company. According to a report by Fortune, Google also offered to acquire the messaging service for $10 billion, but unlike Facebook, it wasn't willing to...

Apple Spent $525 Million in Acquisitions During Last Quarter

According to a report by Bloomberg, Apple spent $525 million in acquisitions during the last financial quarter, which is almost double than what it spent a year earlier. The huge amount of money spent on deals shows that CEO Tim Cook is putting the company’s $159 billion of cash to good work, investing in companies whose...