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It's Official: Yahoo Is Buying Tumblr For $1.1B, Vows To Keep It Independent

techcrunch.com
Yahoo has now officially confirmed that it is buying blogging platform Tumblr for $1.1 billion mostly in cash, after reports on an impending deal first surfaced last week. It says it will keep it as an independent company, with founder David Karp at the helm as CEO. “The product, service...
It's Official: Yahoo Is Buying Tumblr For $1.1B, Vows To Keep It Independent

The 25-Million-User Social Network You Forgot About Just Lost Its CEO

www.businessinsider.com
Garrett Camp has abruptly stepped down as CEO of StumbleUpon, the link-sharing service he started 10 years ago. The company is searching for a replacement. Camp will still be the company's chairman. Cofounder and CTO Geoff Smith is staying on. StumbleUpon, which was bought by eBay in 2007 for $75...
The 25-Million-User Social Network You Forgot About Just Lost Its CEO

Twitter CEO Costolo says he's under no pressure to start an IPO

thenextweb.com
Twitter CEO Dick Costolo has insisted that he isn’t contemplating an initial public offering (IPO) at the moment, adding that both the company’s investors and regulators have put him under no pressure to launch one. The remarks were reported by Julia Boorstin from CNBC, following a video interview in which he answered...
Twitter CEO Costolo says he's under no pressure to start an IPO
WordPress parent company Automattic sees $50M investment from Tiger Global
For startups with university roots, an exit is priority number one

Groupon Buys Up Credit Card Comparison Service FeeFighters

allthingsd.com
FeeFighters, a three-year-old company that helps small businesses compare payment providers, has been acquired by daily deals giant Groupon. TechCrunch first reported the acquisition, which was posted on the FeeFighters’ blog. “Our goals have always been to help small businesses run more efficiently, and by teaming up with Groupon, a...
Groupon Buys Up Credit Card Comparison Service FeeFighters

Apple NOT Buying Mapping Startup Waze, After All (AAPL)

www.businessinsider.com
That was short lived! TechCrunch reporter Mike Butcher said Apple was in advanced negotiations to buy mapping upstart Waze for $500 million to $750 million. Now, TechCrunch contributor MG Siegler says it's not happening. Siegler reports "multiple sources close to the situation" tell him nothing is happening between Apple and...
Apple NOT Buying Mapping Startup Waze, After All (AAPL)

Incoming ARM chief vows to maintain tech titan's independence

www.guardian.co.uk
Simon Segars, ARM president and self-professed gadget luddite, will take reins from Warren East in JulyARM's incoming chief executive has vowed to resist any takeover attempts and maintain the fierce independence that has helped transform a Cambridge startup into the world's largest microchip designer.Simon Segars, president of ARM, will take...
Incoming ARM chief vows to maintain tech titan's independence

Sony to purge 10,000 employees in attempt to stem losses

arstechnica.com
Sony Corp. is planning on cutting loose 10,000 of its employees in an effort to bring the company back to profitability, according to reports by the Japanese business newspaper Nikkei and the Associated Press. The job cuts would amount to a global workforce reduction of six percent. Half of...
Sony to purge 10,000 employees in attempt to stem losses
Yahoo 'reimagines' Flickr with a bold new design, a free TB of space for all users, & more

University Ventures' UV Labs brings data-driven services to higher ed

gigaom.com
University Ventures, a $100 million fund created earlier this year to invest in higher education companies, announced Monday that it has launched a startup of its own. Led by Satish Menon, former CTO of the Apollo Group (which owns for-profit education giant University of Phoenix), UV Labs will partner with...
University Ventures' UV Labs brings data-driven services to higher ed

Google's Soon-To-Be Phone Division (Motorola) Had Another Crappy Quarter (MMI, GOOG)

www.businessinsider.com
We've got good news and bad news for Google's soon-to-be phone division, Motorola. The good news: It beat analyst expectations for sales last quarter, booking about $3.08 billion in revenue. On average, Wall Street expected $2.96 billion. It also grew sales 2% from last year, probably thanks to the introduction...
Google's Soon-To-Be Phone Division (Motorola) Had Another Crappy Quarter (MMI, GOOG)

What It's Like Taking Your Company Public (BCOV)

www.businessinsider.com
In the last two years, the IPO market for tech companies has warmed up. LinkedIn, Pandora, Demand Media, Yelp, Brightcove, and many others have hit the public markets. Since it's a new world out there for today's tech companies, we asked Brightcove CEO Jeremy Allaire about the process. The...
What It's Like Taking Your Company Public (BCOV)

Rhapsody revenue hits new peak of $143M, losses narrow

www.geekwire.com
Rhapsody, the digital music subscription service based in downtown Seattle, saw its revenue rise nearly 13 percent in 2012, to $143.7 million, while the company reduced its annual loss to $12.3 million, an improvement over its $13.6 million loss the previous year. Although Rhapsody is a privately held company, the...
Rhapsody revenue hits new peak of $143M, losses narrow

Nordstrom exec maneuvers online as Amazon.com threat looms

www.geekwire.com
Seattle Nordstrom (Photo: Prayitno0) A few months ago, we wrote a story on GeekWire about the growing rivalry between two iconic Seattle brands: Amazon.com and Nordstrom. But how big of a threat is Amazon to the Nordstrom franchise? Pretty big. Reuters this week profiles Jamie Nordstrom, the 40-year-old great grandson...
Nordstrom exec maneuvers online as Amazon.com threat looms

Here's The Secret Tech Behind 'Escape From Planet Earth'

www.businessinsider.com
When you take your kids to see the movie Escape from Planet Earth think about this: The people that made this movie invented a whole new way to do cloud computing. For lack of a better name, we'll call it a "private shared cloud," and it offers a lesson that...
Here's The Secret Tech Behind 'Escape From Planet Earth'

Microsoft/Barnes & Noble subsidiary is a done deal, but a standalone public company may not happen

thenextweb.com
Back in April we reported that Barnes & Noble was hooking up with Microsoft to form a new venture that will work to “accelerate the transition to e-reading, which is revolutionizing the way people consume, create, share and enjoy digital content.” And today, that subsidiary has finally been given the...
Microsoft/Barnes & Noble subsidiary is a done deal, but a standalone public company may not happen

Time Warner reportedly in talks to sell off its publishing business

paidcontent.org
News Corp is spinning off its own publishing division, and now Time Warner is reportedly looking to sell off Time Inc., its publishing division, Time publication Fortune reported Wednesday. Fortune cites unidentified sources who say there’s at least one serious buyer. According to the article: In one scenario, most of the company’s publishing...
Time Warner reportedly in talks to sell off its publishing business

About.me goes premium, and finally lets you use your own domain name for $4 a month

thenextweb.com
More than three months after About.me ‘bought itself back’ from AOL, spinning itself out as an independent company once again, the San Francisco-based startup is now ramping things up a notch by introducing personalized domain names for its online identity platform. The service constitutes part of its new freemium business...
About.me goes premium, and finally lets you use your own domain name for $4 a month

Pot kettle BlackBerry: Thorsten Heins thinks the iPhone is outdated

gigaom.com
Apple had the best-selling smartphone during the last two quarters of 2012 and its corporate profits, driven primarily by the iPhone, are through the roof — it made over $13 billion in the last quarter alone. Yet its competitors smell blood. Samsung attacked first, with its 2012 ad campaign making...
Pot kettle BlackBerry: Thorsten Heins thinks the iPhone is outdated

Singapore’s SingTel moves into mobile advertising with $321 million US acquisition

thenextweb.com
Asian mobile giant SingTel — which runs an operator of the same name in Singapore — has confirmed that it is moving into the mobile advertising space with the purchase of US-headquartered firm Amobee for $321 million (SG$400 million), according to Dow Jones via the Wall Street Journal. The company has said...
Singapore’s SingTel moves into mobile advertising with $321 million US acquisition

Microsoft says Yammer sales are booming

www.pcworld.com
With the backing of its new parent company, Yammer more than tripled its revenue year on year in the quarter that ended in March.Sales of Yammer's cloud-based enterprise social networking (ESN) software shot up 259 percent in Microsoft's third fiscal quarter, compared with the same quarter in 2012, when...
Microsoft says Yammer sales are booming

Eyeing hospitality, UIEvolution buys assets of Splat Interactive

www.geekwire.com
UIEvolution is buying the assets of Splat Interactive, using the acquisition of the content management platform to expand its video delivery offerings into the  hospitality market. “Splat Interactive has developed a powerful content management system that will give us the ability to deliver the right video-rich content in an optimized...
Eyeing hospitality, UIEvolution buys assets of Splat Interactive

Intellectual Ventures responds to This American Life, insists it doesn't sue through shell companies

www.geekwire.com
Intellectual Ventures’ Nathan Myhrvold Intellectual Ventures, responding this afternoon to This American Life’s latest report on its patent dealings, denies that it uses shell companies to pursue patent lawsuits on its behalf. The statement specifically denies any ownership or control of a mysterious firm, Oasis Research, that filed suit against 18...
Intellectual Ventures responds to This American Life, insists it doesn't sue through shell companies

Pebble: This is your intervention. Sell before it's too late

pandodaily.com
PandoDaily is historically anti-acquisition. Google acquiring Sparrow ruined one former employee’s morning, as it signaled the beginning of the end for one of the few good email apps for iOS. Microsoft’s acquisition of Yammer was seen as something to be feared and, once the deal closed, failed to lead...
Pebble: This is your intervention. Sell before it's too late

Exclusive: Apple Nabs Amazon A9 Exec Stasior to Run Siri -- But Does Hire Signal a Bigger Move Into Search?

allthingsd.com
Apple has hired major Amazon exec and prominent search technologist William Stasior to run its Siri unit, according to sources. At the online retail giant, Stasior has been in charge of A9, Amazon’s search and search advertising unit. The former AltaVista exec co-founded the independent company and has run...
Exclusive: Apple Nabs Amazon A9 Exec Stasior to Run Siri -- But Does Hire Signal a Bigger Move Into Search?

Are these cloud-based social-feed enterprise disrupters boxing in Microsoft Sharepoint?

scobleizer.com
SocialWok is doing some interesting stuff with the Google ecosystem. I met up with them in the hallway at Google IO and I came away from the meeting wondering if they will stay an independent company for very long. Why? Because they are doing the most interesting thing to...
Are these cloud-based social-feed enterprise disrupters boxing in Microsoft Sharepoint?

Color Failed. What Happens To Its $41 Million?

www.fastcompany.com
Before Color became the poster-child for Bubble 2.0, some very smart people made what were, in hindsight, very poor decisions to invest a combined $41 million in a team without a product. If a report from All Things D is correct, Apple recently acqhired a majority of the all-star team...
Color Failed. What Happens To Its $41 Million?

Decade-long Memory Crusade to Live On At Rambus

blogs.wsj.com
Unity Semiconductor was one of those really ambitious Silicon Valley startups, working on nothing less than a fundamentally new way to store data on computer chips. Its leaders have given up the dream of building an independent company, but not the idea that led to its founding in 2002. “We...
Decade-long Memory Crusade to Live On At Rambus

MetroPCS Bleeding Subscribers as It Waits for the T-Mobile Ambulance

allthingsd.com
Approval for MetroPCS Communications’ merger with Deutsche Telekom’s T-Mobile USA can’t come soon enough for the struggling prepaid wireless service provider. The company’s last year as an independent company has proven to be a particularly ugly one. On Monday, MetroPCS released its latest subscriber reports and they are, in a...
MetroPCS Bleeding Subscribers as It Waits for the T-Mobile Ambulance
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