Acquisitions

  • Yahoo officially acquires Tumblr for $1.1 billion

    After weeks of speculation and the Yahoo board approving the deal yesterday, Yahoo has officially announced that it will be acquiring the blogging site for a sweet $1.1 billion. Yahoo says that Tumblr will be “operated independently as a separate business” “Tumblr is redefining creative expression online,” Yahoo CEO Marissa Mayer...
  • Yahoo probably buying Tumblr for $1.1 billion

    According to the Wall Street Journal, the Yahoo board has approved a $1.1 billion cash deal to purchase blogging site Tumblr. The move will see one of the most unpopular companies in the world buying one of the coolest sites on the internet, and users aren’t too happy. See...
  • Revision 3 acquired by Discovery for $30 Million

    It seems the rumours were true, IPTV network Revision 3 has been acquired by Discovery. The network’s biggest show Diggnation was recently discontinued, however Rev3 has a strong lineup of other titles like GeekBeat.tv. Tekzilla, The Totally Rad Show, Hak5, Foundation and many more. Over the past few years,...
  • Instagram acquired by Facebook, 1 Billion photos/dollars

    This morning the world woke to news that Facebook was making its first large-scale, high-priced acquisition, Instagram. The smash hit photography app has garnered serious traction in less than two years and for a significant period was the creation of just two people, Co-founders Kevin Systrom and Mike Krieger....
  • Hitachi to be spun into Western Digital, $4.3B acquisition

    Breaking news in technology industry tonight, Western Digital have just announced they are acquiring the storage section of Hitachi. This means the number of hard drive manufacturers just decreased by 1, big news ! It turns out hard drives are big business.. WD will buy Hitachi for US$4.3 billion,...