Acquisition Archive

Apple to Acquire Beats Music & Beats Electronics

CUPERTINO, California—May 28, 2014—Apple® today announced it has agreed to acquire the critically acclaimed subscription streaming music service Beats Music, and Beats Electronics, which makes the popular Beats headphones, speakers and audio software. As part of the acquisition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple. Apple is acquiring the two companies for a total of $3 billion, consisting of a purchase price of approximately $2.6 billion and approximately $400 million that will vest over time.

Facebook Buys WhatsApp and It Will Be Huge for Them

The first headline that hit me today when I turned on my iPad was from the Wall Street Journal proclaiming Facebook buys WhatsApp for $19b.  It’s a big, big number but the acquisition could prove to be a pivotal point for Facebook and the landscape of social networking in general.  The deal is a reasonably straightforward cash & stock purchase with WhatsApp co-founder Jan Koum stating that the company will be operated “independently and autonomously”.  Let’s see how that works in practice.

For those of you who don’t know, WhatsApp allows you to send messages through your device’s internet connections to avoid SMS fees.  Think Facebook Messenger on a much, much more popular and bigger scale.  How big of a scale?

  • WhatApp has some 450 million users of which around 70% are active
  • More than 600m photos and 100m videos are sent on WhatsApp each day
  • More than 200m voice messages are sent per day
  • WhatApp is nearing global SMS volume per day at 19m messages sent and 34b received per day

Oh, and to top that, every one of these categories above have grown by over 100% year-over-year

Quickoffice acquired by Google

It comes as a bit of surprise but leading office productivity app developer Quickoffice has been acquired by Google.  The news was published on the company blog today.

Now, we are ushering in a new chapter with Google. By combining the magic of Google’s intuitive solutions with Quickoffice’s powerful products, our shared vision for anytime, anywhere productivity can only grow.

For some this will be welcome news.  For others, me included, it will be met with caution.  Google is notorious for keeping things in perpetual beta and tinkering with things.  I’m a big fan of Quickoffice and I can only hope that Google continues development on it and take it to the next level.



Apple Acquires App Discovery Company Chomp – Part of an App Store Makeover?

Apple today spent some of its $100 Billion in the bank to purchase Chomp, a company who has a powerful app search and discovery app in the App Store.  Chomp uses a proprietary algorithm to find apps based on functionality not just their titles.  If you haven’t tried it out go to the App Store and get it.  It is impressive.

Get Chomp by Chomp, Inc in the App Store

The purchase of Chomp could be part of a larger strategy – and rumored – makeover of the App Store and iTunes in general.  The algorithms that Chomp has fit well into that plan if that is the case.  Their search function is far superior to the one in the App Store and could revolutionize how you find apps.  It could also play a part in improving the Genius search function in iTunes and the App Store app on iPhone and iPad.Chomp Screenshot

Chomp’s technology also could help cut down on the recent rash of “copy-cat” apps that have similar names to popular apps but are essentially scams by developers trying to make a quick buck on you searching for something and getting their app.

There is no official word on what Apple paid for the 20 person company and technology nor how or when we could see Chomp technology integrated into the App Store and the Mac App Store.

For more information, check out the TechCrunch source article