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Verizon Ventures and R/GA partner to launch a digital media ‘venture studio’
Verizon Ventures and R/GA are announcing a new program called the Verizon Media Tech Venture Studio.
Stephen Plumlee, R/GA’s global COO and managing partner of R/GA Ventures, explained that the interactive agency’s “venture studios” started out similar to other startup accelerator programs, but they’ve expanded to provide access to “financial capital… Read More
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Verizon fourth quarter earnings fall short of analyst expectations
Verizon this morning reported adjusted fourth quarter earnings of 86 cents per share, on revenue of $32.3 billion. On the earnings side, that falls short of what Wall Street analysts had expected — EPS of 89 cents per share and $32.1 billion in revenue. That also marks a 5.6 percent revenue decline from the fourth quarter of 2015. Verizon said it added 591,000 postpaid wireless… Read More
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FCC voices ‘serious concerns’ over AT&T’s zero-rating scheme
The FCC may be on the verge of being rebuilt under a very different administration, but reports put together under the current one are still being issued — and just such a one released today offers a critical view of some current “zero-rating” plans from AT&T, T-Mobile and Verizon. Read More
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Marissa Mayer resigning from Yahoo board as remaining company renames itself Altaba
Despite hiccups, Yahoo’s planned sale to Verizon appears to be moving forward — but some portions of the company will be left behind and renamed Altaba Inc.
Yahoo is hanging on to its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo Japan, and those assets will survive as an investment company under the new name Altaba Inc., as the rest of Yahoo integrates with Verizon. Read More
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Verizon won’t push Samsung’s Note 7 bricking update, but the other carriers will
Early this morning Samsung announced plans to finally extinguish the on-going fire that is the Note 7 once and for all here in the States by way of a software update that won’t allow the troubled phone to charge at all. Apparently not everyone involved is onboard with the move. Verizon (the parent company to TechCrunch’s parent company) quickly issued a follow up statement, citing… Read More
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Convergence crosses the pond
Imagine a world where you buy mobile phone, data, voice and television services from a single provider. A world where you don’t worry about running out of wireless minutes, exceeding text message limits or running up roaming charges. A world where you talk, text and stream video on an iPad, TV, laptop or mobile phone, seamlessly using the same user interface and applications across… Read More
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Verizon acquires subscription video service Vessel, will shut it down on Oct. 31
Verizon is buying Vessel, the subscription video service founded by Jason Kilar (Hulu’s former CEO) and Richard Tom (its former CTO). Vessel enlisted YouTube stars and other video creators, offering early access to their videos for $2.99 a month. It raised more than $130 million from investors, including Benchmark, Greylock, Bezos Expeditions and Institutional Venture Partners. Tom… Read More
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Yahoo’s business tale comes to a totally anticlimactic end
Yahoo made slightly more money than Wall Street expected — and no one cares at this point. The company reported its third-quarter earnings, basically falling a hair above what everyone was looking for on its earnings and in line with revenue. But at this point the company is in the process of getting acquired by Verizon. As such, stock prices and whatnot like that don’t… Read More
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How to tell if your small company needs to expand through acquisitions
The market for mergers and acquisitions, particularly in software, is red-hot: Big private-equity firms, flush with cash, did 170 software deals worth $27.22 billion in the first half of 2016 alone. But the software M&A frenzy also highlights how smaller tech companies can turbocharge their growth by pursuing highly strategic, add-on acquisitions. Read More
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Verizon buys Fleetmatics for $2.4B in cash to step up in telematics
Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it’s buying Fleetmatics, a telematics company based out of Dublin, Ireland, for $2.4 billion in cash, to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move. The deal will make Fleetmatics a part… Read More
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