Twitter acquires TweetDeck for $40 million

By on May 24, 2011 at 11:59 PM.

Twitter acquires TweetDeck for $40 million

Earlier this month we heard reports from TechCrunch that TweetDeck had been acquired by Twitter for $50 million. CNN now says that Twitter has finalized its purchase of TweetDeck in a $40 million cash and stock deal, and that the paperwork was signed on Monday. Neither Twitter nor TweetDeck have confirmed the purchase, and Twitter’s PR team tweeted: “For all those who might be curious, we continue to not comment on rumors.” More →

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AT&T’s T-Mobile acquisition to receive in-depth Department of Justice investigation

By on May 3, 2011 at 3:59 PM.

AT&T’s T-Mobile acquisition to receive in-depth Department of Justice investigation

The Department of Justice will perform an “in-depth” investigation of AT&T’s proposition to acquire T-Mobile USA, Reuters is reporting. Such an investigation comes as no surprise, as one FCC official assured the public on April 14th that the acquisition would get a thorough review from government antitrust and communications officials. Bloomberg says that the DoJ can issue a decision in as little as 30 days, however, a “second request,” could mean that the investigation will take longer. AT&T announced its plan to purchase T-Mobile USA from Deutsche Telekom for $39 billion on March 20th. Despite Sprint’s claims that the acquisition will stifle competition in the U.S. wireless market, AT&T has argued that the deal will fuel economic growth and create new jobs. More →

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Twitter acquires TweetDeck for $50 million

By on May 2, 2011 at 6:20 PM.

Twitter acquires TweetDeck for $50 million

According to source speaking to TechCrunch, Twitter purchased the popular third-party client TweetDeck for between $40 and $50 million on Monday. The Wall Street Journal originally reported that Twitter was in “advanced talks” to purchase TweetDeck – a 15 person company – back in April. Sources speaking to TechCrunch said that Twitter made the purchase in an effort to stop Uber Media, another third party company with a handful of Twitter applications across multiple platforms, from buying TweetDeck first. Neither company has officially announced the acquisition, yet. More →

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Twitter may acquire TweetDeck

By on April 18, 2011 at 11:29 PM.

Twitter may acquire TweetDeck

According to a report by The Wall Street Journal, Twitter is in “advanced talks” to purchase TweetDeck — the popular desktop and mobile third-party Twitter client. The deal could be worth as much as $50 million, although neither party has commented on the possible acquisition. TweetDeck, based in the U.K, has 15 employees on its payroll. Twitter could use the acquisition to immediately offer a “native” Twitter client in the PC desktop space, especially if it has plans to begin targeting enterprise Twitter users. Although TweetDeck’s engineers have certainly proven that they have the developing chops to compete in the mobile space, too. More →

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HP committed to building out webOS

By on April 28, 2010 at 6:09 PM.

HP committed to building out webOS

hp-logo

HP just wrapped up its conference call regarding its acquisition of Palm. Based upon what we heard, HP doesn’t seem to be particularly interested in anything but webOS, which it plans to build out as a part of its connected mobile ecosystem. Here are some of the highlights of what HP has in store for webOS:

  • An emphasis on building out webOS and leveraging HP’s financial resources, scale, and global presence to do so
  • Investment in building a robust development platform to make app development easier and smoother for developers
  • Increasing the investment in both R&D and marketing/sales of webOS
  • Bringing webOS devices to both consumer and commercial markets in the form of smartphones and tablets
  • HP has not set a timeline for webOS deployment on HP hardware, want to focus on closing the deal first
  • Palm CEO John Rubinstein and his team will continue to work on webOS
  • No decision has been made on what will happen to HP’s current lineup of Windows Mobile-powered iPAQs. Their fate will be decided when the deal is closer to completion
  • webOS will play a key role in what HP calls its connected mobile ecosystem. The focus will be on on connecting devices across HP’s lineup to to create an HP experience
  • HP will not be content creators but access providers. Providing cloud-based solution to access and manage data. HP would not comment on whether they will try to create an iTunes-like infrastructure and will wait until the deal is completely squared away before looking further into the matter

In the end, it’s clear that HP bought Palm to integrate webOS into its brand and to grow the platform to the next level. The fact that it also is acquiring a large treasure chest of patents is merely icing on the cake.

More →

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