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Visa acquires fintech startup used by Venmo, CoinBase for $5.3 billion
Visa just spent $5.3 billion to acquire Plaid, the fintech company with an API that enables services for Venmo and other banking apps. Plaid's software allows startups, like the mobile investing app Robinhood and the cryptocurrency exchanges Coinbase and Gemini, to securely connect to users' bank accounts. According to Visa, one in four people with a US bank account have used Plaid's technology.
VSCO buys 360 camera company Rylo to create mobile editing tools
VSCO, the popular photo editing app and inspiration for the VSCO girl meme, just acquired Rylo, a video camera and editing company. With the deal, VSCO is doubling down on its commitment to video and plans to "accelerate the delivery of innovative video editing features."
Roku spent $150 million so it can sell more ads
Roku is no longer just a company making TV streaming boxes and dongles. It's become a powerful advertising company, too. By some estimates, it streams more ad-supported hours than any other over-the-top (OTT) platform. Today, it announced plans to double down. It has acquired the Boston-based ad-tech firm Dataxu for $150 million in cash and stocks.
Roland releases Zenbeats, a cross-platform music-making app
Roland has been making electronic musical instruments for nearly 50 years and has delivered products like the JU-06A tiny portable synth, keyboards with built-in Alexa controls and mini smartphone mixers. Now, it's entering the world of mobile music-making apps. Today, the company released Zenbeats.
Sphero acquires LittleBits and its set of scientific toys
The popular STEAM education company Sphero announced today that it has acquired LittleBits. You may remember LittleBits as the company behind toys that teach kids about electronics, and Sphero has made a name for itself creating educational coding robots. Together, the companies plan to bring STEAM and coding products to more classrooms, homes and educational programs.
DoorDash eyes autonomous food delivery with latest acquisition
It's no secret that DoorDash wants to deliver your food with autonomous vehicles. Early this year it partnered with GM to test deliveries via self-driving Cruise vehicles, and in 2017, it was part of a Starship Technologies trial that sent deliveries scurrying about in six-wheeled robots. Now, DoorDash is getting a bit more serious. As The Verge reports, the company just acquired Scotty Labs, a startup that makes autonomous and remote-controlled vehicle technology.
iRobot enters the classroom with acquisition of Root Robotics
iRobot, the company behind the Roomba, is about to do more than vacuum your house, mop your floors and mow the lawn. Today the company announced that it's acquired Root Robotics, and it will add the Root educational coding robot to its lineup.
Zynga closes OMGPOP, the creators of Draw Something
Zynga announced yesterday that it was laying off about 18 percent of its work staff, or about 520 employees, which is bad news for any company. But it turns out that this set of folks includes most of the crew of OMGPOP, the company Zynga acquired for its uber-popular app Draw Something last year. It was only last March that Zynga picked up OMGPOP for $200 million after Draw Something became a big hit, and while the app did both grow and spawn a sequel under Zynga's oversight, OMGPOP's CEO Dan Porter left the company just a few months ago, and now most of the original staff is out of a job. Or at least on to the next one -- one former Zynga staffer says to TechCrunch that most of the team members "had new jobs lined up by the time they left the building anyway." It's true that the OMGPOP acquisition was extremely public, and while Draw Something was always popular, it wasn't hard to see that the audience lost a lot of engagement after that initial acquisition. I don't think this is the death knell for Zynga just yet -- the company has been cutting titles, but still has successful games running, and it's working on more to come. But this is definitely a wakeup call that the once huge social and mobile juggernaut needs to do things a bit differently in the future.
Google acquires iOS photo app Snapseed
Snapseed is a popular iOS photography app around here at TUAW -- not only have we spotlighted it a few different times, but the app also won a coveted Apple Design Award back in 2011. And now here's news that Google appreciates the app as well: The ad and search giant has acquired the developer of Snapseed, Nik Software, and reportedly plans to use the company and its technology to update its own photo editing and sharing tools. Nik also provides a number of excellent and popular plugins for other popular photo editing tools like Aperture, and for now, those plugins remain available for sale on the website. Presumably, that won't change, but we'll see what happens in the future. It sounds like Nik is still figuring things out post-acquisition, so any changes to Snapseed or those plugins are still yet to be determined. [via The Verge]
Beat the Traffic acquired by Weather Network owners
Beat the Traffic is a popular third-party navigation app. I've used it quite a few times to navigate the continuous traffic jams of Los Angeles, and the team behind the app has delivered several solid updates. Their hard work appears to have paid off, as Beat the Traffic has been acquired by Canada's Pelmorex Media, which also owns the Weather Channel and another network called MétéoMédia. Pelmorex intends to launch the Travelers Network in October, and says that Beat the Traffic's technology and know-how will be used to grow and develop that property. It will start out as a website and an iPhone app, says Pelmorex, and then grow from there. Meanwhile, the Beat the Traffic app will also continue to grow, so if you're a heavy user, you won't have to worry about that. Beat the Traffic has done some great work with navigation on the App Store, so it's good to see them supported by a larger company. Hopefully the work on the new Travelers Network won't distract too much from the quality iOS app that's already out there.
Apple reportedly acquires C3 Technologies, iOS Maps overhaul on the horizon?
Last we saw of C3 Technologies' 3D mapping software it was making an appearance on Sony Ericsson's X10, but if 9to5Mac turns out to be right, its next stop could be the iPhone. According to the publication, Cupertino recently scooped up the Saab spin-off and C3 execs have since been working closely with the iOS division. Earlier this year, Apple posted job listings, looking for developers to "radically improve how people interact with maps and location-based services." On a related note, the outfit previously acquired Poly9, a web-based mapping company. So is the fruity one looking to up its street (navigation) cred? Is it finally ready to give Google Maps the boot? We'll just have to wait and see.
Texas Instruments wraps up purchase of National Semiconductor
In April, Texas Instruments announced its intention to snatch up National Semiconductor for a cool $6.5 billion. Now, almost six months later, the acquisition is complete and TI can tack another few percentage points on to its already market-leading chunk of the analog chip market. At least for now, National will operate as a branch of TI's analog division, which now accounts for over 50-percent of the company's revenue, and keep its (reasonably) well known brand name alive. For a few more details on the deal, check out the PR after the break.
Google acquires Zagat: good news for foodies, bad news for Yelp?
Long before Yelp, there was Zagat -- a point-based restaurant rating guide, compiled from the best (or worst, depending) crowdsourced reviews. Today, Google has acquired the brand and plans to integrate Zagat's now expanded shopping, eating, drinking and hotel tips into both search and maps. For gastronomes, travelers and locals, that means crowdsourced tips for superb noms and activity recommendations from around the world. Sounds great, guys, as long as your new found friendship helps us find the best bacon-flavored ice cream cone, we're all for it.
Texas Instruments to acquire National Semiconductor for $6.5 billion in cash money
As the saying goes, everything's bigger in Texas, and that includes Texas Instruments' (TI) share of the semiconductor market. The Dallas-based firm announced today that it will pay $6.5 billion for National Semiconductor. With the acquisition complete, National will become a branch of TI's analog segment, which is now positioned to make up 50 percent of the company's revenue. According to a joint press release, TI held the biggest chunk of the analog semiconductor market in 2010 at 14 percent, and with the new addition that number's bound to get even bigger. Full PR after the break.
Vimpelcom moves forward with $6 billion Wind Mobile merger, intends to hurdle regulatory snags
If you thought Verizon Wireless and Alltel's marriage underwent a good bit of scrutiny, you'll soon be swearing that Vimpelcom and Wind Mobile are on some sort of global watch list. The Amsterdam-based Vimpelcom has taken a giant leap towards the completion of a $6 billion merger with Wind Telecom, the latter of which has around 117 million subscribers spread across Algeria, Bangladesh, Egypt, Pakistan, North Korea and Canada. If and when the two link hands, the combined effort will be home to a staggering 173 million customers, creating the fifth largest mobile operator by subscriber count. Wind Mobile's head honcho seems more than enthused about the news, and he's hoping that the tie-up will allow prices to sink for just about everyone involved. Claiming feats such as "more access to international cooperation for roaming and long distance services" and the ability to utilize "more leverage and increased scale" to drive down prices, Anthony Lacavera isn't showing any public signs of worry when it comes to regulatory hurdles. In months past, the CRTC took issue with Globalive Wireless -- operator of Wind Mobile -- starting up in Canada, primarily due to the company's largest lender (Orascom) residing outside of the Great White North. As of now, things seem to be sailing right along, but you can bet this marriage won't be formally recognized before a borderline-obnoxious amount of investigating goes down behind the scenes. [Thanks, Kelvin]
Western Digital drops $4.3 billion to acquire Hitachi GST, enter staring contest with Seagate
Yow. Western Digital -- the company responsible for shipping the planet's first 1TB 2.5-inch hard drive way back in 2009 -- just announced a monstrous deal to acquire one of its primary competitors, Hitachi Global Storage Technologies. Both outfits have actually shown quite a few interesting HDD designs in recent months, and it's pretty clear that WD would rather not go at it alone any longer. Granted, these types of deals aren't entirely unheard of -- in fact, Seagate swallowed up Maxtor back in 2005 for a cool $2 billion. Under the deal, which is a mix of $3.5 billion in cash and $750 million in WD common stock, the two will combine in a way that sees the Western Digital brand and headquarters surviving, while Steve Milligan, president and chief executive officer of Hitachi GST, will join WD at closing as president. Hard to say what this will mean for consumer pricing and competition, but we're pretty certain the powers that be will be looking it all over for fairness before they hop in the blender during Q3. Full release is after the break.
Google acquires speech synthesis outfit Phonetic Arts, plans to use Jack Donaghy's voice for everything
Don't ever knock Google for not reinvesting a little of that cheddar it's stacking in Mountain View. Barely two months after pulling the trigger on BlindType, El Goog has now sunk an undisclosed amount of money into Phonetic Arts, described as a speech synthesis company based in Cambridge, England. Naturally, Google's been toiling around the clock in an effort to better its speech technologies, and it looks as if it could be cutting out quite a few months (or years) of work with this one purchase. Phonetic Arts was known for being on the "cutting edge of speech synthesis, delivering technology that generates natural computer speech from small samples of recorded voice," and we get the impression that the team will be given clearance badges to enter Google's London-based engineering facility shortly. The company's own Mike Cohen is hoping that this will help us "move a little faster towards that Star Trek future" -- frankly, we're hoping to have Jack Donaghy's voice become the de facto standard in under a year. We hear some dudes at 30 Rock are already toying with a prototype...
BlindType acquired by Google, Android typists grin uncontrollably
The note's short and sweet, but it confirms that Google's buying spree is still on -- BlindType was just acquired by the Big G. If you'll recall, we were wowed back in July by the software's ability to predict words regardless of how text was inputted, and it seems as if a few bigwigs within Google were as well. It's unclear what Google's Android team plans to do with its newfound IP, but you shouldn't have to strain your imagination too hard to hazard a guess. As for the BlindType team? They're "excited to join Google, and look forward to the great opportunities for mobile innovation that lie ahead." Likewise, folks... likewise. [Thanks to everyone who sent this in]
Intel acquires TI's cable modem unit, might be sneaking into your AV rack
Intel's been trying to break into the home entertainment market for years, and while it's made some inroads, it's also looking at a notable list of ho hum attempts that never managed to gain traction. Take the CE3100 processor, for instance -- a couple of years ago, the outfit seemed certain that this here chip would be powering every last living room box for the rest of eternity, and nowadays it's hardly a household name. But this week, Intel has picked up Texas Instruments' cable modem unit, which gives it a direct link into the very area it's been trying to exploit. The goal of the acquisition -- which is scheduled to close in the fourth quarter of this year -- is to combine TI's Puma product lines with DOCSIS and Intel SoCs. Once that magical marriage takes place, Chipzilla intends to push out complex set-top boxes, residential gateways and modem products, possibly even going for the OEM artery. Details beyond that are few and far betwixt, but we doubt it'll be too long before the pickup begins to bear fruit.
Hilco / Gordon Brothers acquires Polaroid brand, assets and dignity
After filing for Chapter 11 bankruptcy (again) in December of last year, Polaroid may have just made its last shakeable memory. Today, the Federal Bankruptcy court for the district of Minnesota has approved a motion for "substantially all the assets of Polaroid, including the Polaroid brand, intellectual property, inventory and other assets," to be acquired by Hilco Consumer Capital and Gordon Brothers Brands. If those names sound familiar, have a cookie on us. You see, this very same joint venture picked up The Sharper Image around this time last year, and while it's still unclear what these suits plan to do with the 72 year-old name, we are told that it doesn't plan on shelving it anytime soon. In fact, it's hoping to "partner with a number of global institutions in the ongoing development of the Polaroid brand." Personally, we would've used "revival" rather than "development," but we'll refrain from bursting any bubbles here.
