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Visa reveals its stake in rival Square (updated)
Visa has purchased 10 percent of Square's trading shares according to documents seen by the WSJ. Square is best known for its smartphone-attached readers that make it easy for merchants (and even panhandlers) to accept credit cards. The company was started and is still headed by Twitter CEO Jack Dorsey. Though Square's Jack Dorsey revealed that Visa had taken a piece of it several years back, the credit card giant only recently revealed the amount of the stake. Visa recently launched Visa Developer, software that will help merchants accept Visa payments more easily.
Square just bought a restaurant delivery company
Here's something unexpected: Square -- the company that turned your cell phone into a credit card reader -- just purchased Caviar, a company that delivers food from restaurants that don't normally deliver. It's an unexpected acquisition; Caviar is a consumer facing service, while Square tends to market its services to independent businesses. Still, Square CEO Jack Dorsey says the purchase is completely on track with the company's goals.
Nest is acquiring Dropcam for $555 million
Nest has just announced that it'll be purchasing IP camera company Dropcam for $555 million. According to Re/code, Nest is acquiring the firm on its own without the assistance of Google, its parent company, and will be incorporating Dropcam into the Nest brand. Dropcam makes one of the more popular WiFi surveillance cameras on the market and most recently released an advanced Pro version for $199 late last year. Along with the hardware, Dropcam also provides a service that lets you view what the camera's seeing via the web or a dedicated Android or iOS app. There's an optional subscription plan that'll give you access to Dropcam's Cloud Recording service that records video as well. We're not entirely sure yet on how Dropcam will work in concert with Nest's smart thermostats and smoke alarms, but we imagine it'll open more possibilities for the connected home. Update: We've since corroborated with Nest that it has indeed purchased Dropcam outside of Google.
DropBox buys selling app Sold, generates linguistically nightmarish headlines
Dropbox has picked up Sold, effectively shuttering the service in its current iteration. For further proof of this, consult the selling app's about page, which has been reconjugated to read in the past tense. Sold isn't accepting new items from sellers at the moment, but the site is happily assuring all interested parties that the team behind the iOS/Android app will become a part of Dropbox's happy family, helping to work on the "exciting new experiences" it's seen dotting the horizons of the sharing service's roadmap.
Googlerola buys Viewdle, ups Android's augmented reality and face recognition game
From existing tech like Face Unlock and Google Goggles to patent filings and Project Glass, it's clear that Google sees augmented reality and image recognition playing a big part in our computing future. It makes sense, then, that Big G subsidiary Motorola has bought Viewdle -- a Silicon Valley company that builds face, object, and gesture recognition technology for mobile devices. We don't know how much MMI paid for Viewdle, but we do know, thanks to a statement obtained by the good folks at TechCrunch, that the two firms "have been collaborating for some time." So, hopefully Android will reap the benefits (and fix those Face Unlock flaws) in the not-so-distant future.
Napster uses up another one of its lives, now fully merged with Rhapsody
The last dozen years have been quite the roller coaster ride for the Napster crew. The service, which became synonymous with music piracy not all that long after its launch in 1999, made more than its share of high profile enemies, ranging from the RIAA to Metallica. It would soon shut its doors for a first time, thanks to a number of legal challengers. Napster was later reborn as a legit music streaming service, but the beginning of the end for that incarnation was marked earlier this year when Rhapsody, one of the company's chief competitors, announced plans to acquire the service. Yesterday marked the end of the road for Napster again -- the service now fully merged with Rhapsody. Why not pay your respects by breaking out some of the mislabeled, decade-old MP3s that are no doubt lurking on an unused hard drive in the back of your closet?
FCC opens floor for public comment on AT&T / T-Mobile deal
Since the world's engineers haven't yet come up with a way to read minds over the internet (or at all, last we checked), we're not sure what you think about the proposed marriage of T-Mobile to AT&T. We're pretty sure you do have an opinion of some sort, though, and if you want it to be heard, now's the opportunity to let the Federal Communications Commission read your thoughtful, reasoned take on how a GSM monopoly in the United States might or might not work. (Speak now or forever hold your peace, in other words.) To comment, simply visit the source links below, where the FCC has some handy forms -- one for short comments, one for long comments (where you have to attach a PDF document) and one with the magic number of the related proceeding, which is 11-65. Let 'em know just how you'll be impacted if the deal goes through, for better or for worse. [Thanks, Jeff]
Sprint critiques proposed AT&T / T-Mobile deal, says buyout would 'dramatically alter' telecom industry
This afternoon, AT&T and T-Mobile dedicated a twenty-eight page PDF to convincing regulators that their $39 billion aquisition wouldn't violate antitrust law, using images like the one above. Well, as you can imagine, Sprint had something to say about that, and you can read it immediately below. The combination of AT&T and T-Mobile USA, if approved by the Department of Justice (DOJ) and Federal Communications Commission (FCC), would alter dramatically the structure of the communications industry. AT&T and Verizon are already by far the largest wireless providers. A combined AT&T and T-Mobile would be almost three times the size of Sprint, the third largest wireless competitor. If approved, the merger would result in a wireless industry dominated overwhelmingly by two vertically-integrated companies that control almost 80% of the US wireless post-paid market, as well as the availability and price of key inputs such as backhaul and access needed by other wireless companies to compete. The DOJ and the FCC must decide if this transaction is in the best interest of consumers and the US economy overall, and determine if innovation and robust competition would be impacted adversely and by this dramatic change in the structure of the industry.Last week, rumors flew that Sprint, not AT&T, would be the one to join T-Mobile and create a vast wireless network, and while we haven't heard any proof of that so far, it probably wouldn't be terribly happy to settle for "number 1 spectrum position" if the tables were indeed turned.
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...
Sprint acquires Virgin Mobile USA for a cool $483m
Remember Virgin Mobile? Sure you do -- not long ago the last-man-standing MVNO snapped up Helio, and seemed ready to take its place as one of the few boutique prepaid operations still... er, operating. Well that appears to be all but done and done, as Sprint has just announced a "definitive agreement" to purchase the company for $483 million worth of sweet, succulent stock (which looks to be right about what it was valued at to begin with). It looks like Sprint will pair the acquisition with its Boost Mobile brand, which till now was in direct competition with VM. It's not quite rival city, however, Virgin Mobile USA was launched as a joint venture with Sprint, and the MVNO glides on Dan Hesse's network as it is. Still, it does seem to be another indicator that the days of the MVNO are certainly on the wane, though Sprint now looks to own the space -- what little there is.
Microsoft exec rekindles iPhone rival rumors, gives Zune a B-
It's probably not shocking to anyone that the Zune hasn't exactly lived up to the high hopes Microsoft had for it, and at the recent Citigroup technology conference in New York, Mindy Mount -- corporate vice president and CFO of the firm's entertainment and device division -- noted that she'd "give it a B-," and also stated that it was a "solid effort for the first year." More intriguing, however, was her comments on the future of the Windows Mobile OS, and while she was tight-lipped in regard to RIM acquisition whispers, she did hint at the possibility of a tweaked system to compete with Apple's iPhone interface. Reportedly, Mount stated that Microsoft "identified [Windows] Mobile being more integrated with photos and music," and concluded by proclaiming that it was "a natural thing to have in its product roadmap." Of course, this corporate speak can't really be regarded as much more than just that at the moment, but feel free to make of it what you will.[Via Zune-Online]Read - Microsoft Exec Hints at iPhone RivalRead - Microsoft exec: Zune gets a B-; Xbox profitability; Windows Mobile's future
HTC buyout of Dopod in final stages: i-mate, O2, HP wail
Continuing their skyrocket beyond ODM-dom, HTC's buyout bid for Taiwanese Dopod has moved into the final stages. Having signed a memorandum of understanding, the only thing left in the estimated $150 million deal is approval from the Taiwanese government. Assuming HTC chairwoman and Dopod controlling shareholder Cher Wang, daughter of petrochemicals billionaire Y.C. Wang and wife of HTC boss-man Peter Chou, has enough influence to push this through (read: she does), then HTC is about to find themselves in direct competition with their own customers O2, i-mate and HP. HTC already confirmed their decision to self-brand phones in Europe, now the Dopod deal could result in HTC designs being sold exclusively under the Dopod branding outside of Europe. In fact, HTC has already cut ties with both O2 and i-mate in Australia, New Zealand, and India. So if Dopod's claim that HTC manufactures 80 percent of Windows Mobile phones is true, well, O2, i-mate, and HP best be looking for fresh design and manufacturing blood on the quick. [Thanks, Ash]
