Mergers and Acquisitions
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Collaboration software company Jive to be acquired by Aurea for $462 million
Jive, a community collaboration software company that was one of the biggest Enterprise 2.0-era success stories, going public in 2011, announced today it had agreed to be acquired by ESW Capital’s Wave Systems for $462 million. It will become part of the Aurea family of companies. Read More
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Giant companies that won’t buy your startup
Huge companies in fast-changing, technology-intensive businesses buy startups. After all, they have the money and need fresh entrepreneurial talent to tap new markets and stay abreast of disruption. That’s the collective wisdom about M&A in venture capital and startup circles. It’s also how the venture business survives. But what if the common wisdom isn’t true? Read More
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Troubled travel startup Zozi gets acquired by Peek
Zozi, the drama-filled travel industry startup whose former CEO recently sued its board, has been acquired by Peek, a rival in the tours and activities business where Zozi also competes. Terms of the deal were not disclosed, but the two companies will be joining forces, with the assets and team from Zozi heading over to Peek. The news was reported by Skift, which notes that Peek is… Read More
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SeatGeek raises $57M to acquire ticketing software company TopTix
SeatGeek is announcing a deal to acquire TopTix for $56 million. While SeatGeek has made acquisitions before, this is its biggest, and the company funded the deal by raising a $57 million Series D led by Glynn Capital. (Previous investors Accel, Causeway Media Partners, Haystack Partners, Mousse Partners and Technology Crossover Ventures also participated.) Read More
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Microsoft acquires Intentional Software and brings old friend back into fold
Microsoft announced today that it was acquiring Bellevue-based Intentional Software for an undisclosed amount of money. With the purchase, Charles Simonyi, Intentional founder, Chairman, and CTO, who helped develop some of Microsoft’s famous Office tools like Excel and Word returns to Microsoft. Simonyi left Microsoft in 2002 to launch Intentional. While it’s not crystal clear… Read More
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Stripe acquires Indie Hackers, a knowledge-sharing community for entrepreneurs
Stripe has acquired Indie Hackers, a website and community focusing on helping entrepreneurs become profitable while remaining independent. News of the acquisition broke through a blog post by Indie Hackers founder Courtland Allen and was quickly confirmed by Stripe’s twitter account. “When I set out to build Indie Hackers last July, there weren’t many places that put… Read More
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Rover and DogVacay merge to dominate the pet-sitting market
Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal. Industrious buys PivotDesk, raises $25M to be WeWork without startup bros
In the recruiting wars, a cool office is critical. Not just for scrappy startups, but big businesses with regional HQs, as well. So while WeWork signs questionable 20-year leases to provide desks for twenty-something engineers, Industrious is taking a more classy and conservative approach to coworking space. Read More
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Google confirms its acquisition of data science community Kaggle
Google today said it is acquiring Kaggle, an online service that hosts data science and machine learning competitions, confirming what sources told us when we reported the acquisition yesterday. The company made the announcement at its Google Cloud Next conference this morning in San Francisco, while not disclosing the terms of the acquisition. But it’s not all that surprising that… Read More
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Old-school social networks Tagged and Hi5 bought by MeetMe for $60M
Like bizzaro Facebooks, Tagged and Hi5 launched in 2004 to help you meet new people instead of connecting you with friends you already know. Through social games and paid dating features, they earned a surprising amount of revenue despite being relatively unknown. Tagged bought Hi5 in 2011 before branching out into standalone social app development and renamed the parent company If(we). But… Read More
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