San Francisco: Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalise its brand and attract a younger generation of users. Yahoo has been criticised for making big acquisitions that have not always reaped lasting returns.
Under CEO Marissa Mayer, the Internet search company has snapped up numerous small startups in recent months, hoping to gain an edge in mobile, bring new talent on board and improve existing services.
Here are notable acquisitions since the heyday of the first dotcom boom:
Geocities: In 1999, Yahoo bought Geocities - a free service that hosted personal home pages for consumers and once ranked among the most-trafficked websites - for $4 billion-plus. Yahoo pulled the plug on the site in 2009, making the purchase one of the company's most glaring acquisition failures....
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02:22 PM, May 21, 2013
New Delhi: Not only Yahoo confirmed the acquisition of Tumblr, but the company also revamped its photo-sharing service Flickr on Monday - thereby offering its users 1 terabyte online storage for free. During the Flick press event on Monday, Yahoo CEO Marissa Mayer was asked about the restricted content on Tumblr and she unhesitatingly responded that the company has no plans to restrict controversial material, which means that Tumblr's porn...
12:20 PM, May 21, 2013
San Francisco: Yahoo has agreed to pay $1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions in 2013. Valuation is based on Dealogic's criteria and includes debt. 1. Dell Inc., to Silver Lake Management LLC (original bid), Feb. 5, 2013, $20.7 billion for 85...
09:35 AM, May 21, 2013
San Francisco: After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and...
09:25 AM, May 21, 2013
New York: As a teenager, Tumblr CEO David Karp would canvass the streets of New York City's Upper West Side, offering to build websites for local businesses. After his freshman year of high school, the precocious, computer-savvy kid decided to drop out altogether to devote more time to his passion for technology. A few years later, Karp built Tumblr - the wildly popular blogging forum - from his tiny childhood...
06:27 AM, May 21, 2013
New Delhi: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash. This is new Yahoo CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. 10 facts about Tumblr: 1. 26-year-old David Karp is Tumblr's founder and CEO. 2. Tubmlr was launched in February 2007. 3. The company has 175 employees. 4. Tumblr...
07:31 AM, May 20, 2013
San Francisco: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user base would bolster the...
06:55 AM, May 20, 2013
Tel Aviv: Facebook Inc is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday. Due diligence is underway after a term sheet was signed, Calcalist said, adding that talks began six months ago. Waze uses satellite signals from members' smartphones to generate maps and traffic data, which it then shares with other users, offering real-time traffic...
05:22 PM, May 09, 2013
Mumbai: Shares in Tata Consultancy Services rose as much as 2.2 per cent on Tuesday after the company announced it will buy privately-held Alti SA of France for 75 million euros. The acquisition signals Indian software service exporters' interest in diversifying its revenue base, and the acquisition could potentially help increase profits at TCS, analysts said. TCS shares were up 2 per cent as of 12:36 pm. ...
02:55 PM, Apr 09, 2013
San Francisco: Yahoo Inc has snapped up mobile news aggregator Summly, the latest in a string of small acquisitions intended to bolster the Web portal's mobile services. Summly, founded by 17-year-old Nick D'Aloisio two years ago from his home in London, sorts news by topics in quick bites for smartphones. The start-up works closely with News Corp and is backed by Chinese investor Li Ka-Shing and angel investors including actor...
10:17 AM, Mar 26, 2013
New York: Apple has acquired a Silicon Valley startup, WiFiSlam, which makes mapping applications for smartphones. Apple confirmed the acquisition, but declined to give details. The news was earlier reported by The Wall Street Journal, which quoted a person familiar with the matter as saying that Apple paid around $20 million for the company. "Apple acquires smaller technology companies from time to time, and we generally do not discuss our...
08:33 AM, Mar 25, 2013
Atlas is part of an online advertising service called aQuantive, which Microsoft bought for $6.3 billion in 2007. ...
12:33 PM, Mar 01, 2013
HP is unloading the webOS software it acquired through a $1.2 billion acquisition of Palm in 2010 to LG Electronics. ...
06:12 AM, Feb 26, 2013
Twitter Inc said on Tuesday it has agreed to acquire advertising analytics company Bluefin Labs. Terms of the deal were not disclosed. ...
11:06 AM, Feb 06, 2013
Yahoo Inc said on Tuesday it has bought "social news" start-up Snip.it, the latest acquisition to be announced under Chief Executive Marissa Mayer. ...
10:39 AM, Jan 23, 2013
San Francisco: Google is selling Motorola Mobility's TV set-top business for $2.35 billion, lightening the load that the Internet search leader took on earlier this year when it completed the biggest acquisition in its history. The cash-and-stock deal announced late Wednesday will turn over Motorola's set-top division to Arris Group Inc., a relatively small provider of high-speed Internet equipment that is looking to become a bigger player in the delivery...
10:10 AM, Dec 20, 2012
San Francisco: Weeks before he accepted a $1 billion offer from Facebook, Instagram CEO Kevin Systrom had verbally agreed to sell his photo-sharing company to Twitter Inc for $525 million in March - but then called off the deal, according to a New York Times report citing unnamed sources. Facebook CEO Mark Zuckerberg ultimately acquired Instagram after pushing through a cash-and-stock deal just weeks before Facebook's May initial public offering....
06:01 AM, Dec 17, 2012
San Francisco: Google is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter. Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company's corporate development group, which oversees mergers and acquisitions, said the source, who spoke anonymously because he was not authorised to speak publicly. Google...
09:47 AM, Dec 08, 2012
San Francisco: Yahoo said it acquired a five-person video chat company on Tuesday, the second deal by new Chief Executive Marissa Mayer to bolster Yahoo's mobile capabilities. Yahoo did not disclose the financial terms of its acquisition of OnTheAir, but said the team would be joining Yahoo's mobile group. A Yahoo spokeswoman said that Yahoo had not plans to offer OnTheAir's existing product, which lets Web users host live video...
07:59 AM, Dec 05, 2012
Mumbai: Facebook has undertaken a broad range of acquisitions in recent times, the biggest of which includes the Instagram takeover. But it now appears the social networking giant is aiming to make a bigger mark in the mobile market, as a report by TechCrunch states that Facebook is in talks to acquire the popular messenger service, WhatsApp. Details regarding the acquisition are currently scarce and there is no word on...
06:33 PM, Dec 03, 2012
