Tag / Acquisition

by Xavier Voigt-Hill

Spool shuts down after Facebook acquisition

Earlier this year we wrote about Spool, an up-and-coming service that promised to take on Readability and Read It Later (now Pocket). Today users were emailed to inform them that the service, still in private beta, was to be shut down immediately despite a $1 million round of funding, but a blog post on the company’s site has made things clearer. The team has confirmed that they will be joining Facebook’s mobile department and issued instructions on how to recover your Spools, but there is no mention on an acquisition figure. Needless to say, we are intrigued as to what Facebook are planning to do with Spool and what the acquisition could mean for the company’s mediocre mobile arm.

Via Josh Constine (Twitter)

We started Spool to make content easy to consume on a mobile device. To accomplish this, we built some very sophisticated technology and developed a deep expertise in mobile software development. We firmly believe that solving these problems will be increasingly important as the world accesses the Internet primarily through mobile devices.

We are proud to announce that today we will be pursuing our vision as a part of Facebook. If you were a Spool user, please read the instructions on retaining your bookmarks.

We are extremely excited to accelerate our vision and help Facebook’s users connect and share with the people in their lives. We wouldn’t be in a position to have this sort of impact without our supporters and the Spool community. Please accept a heartfelt thank you for supporting us and for affording us this opportunity.

Sincerely,
The Spool team

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by Xavier Voigt-Hill

Microsoft to buy enterprise social network Yammer for $1.2 billion

Seemingly unwilling to let anyone else have any limelight, Microsoft today confirmed their oft-rumoured acquisition of self-proclaimed enterprise social network Yammer. Having announced a deal for $1.2 billion in cash for the company, Microsoft plans to combine the network, which launched in 2008 and has been presented with various collaboration awards, with its SharePoint collaboration tool to provide a market-leading enterprise experience, proving that it’s not all about the consumer to Ballmer and the folks in Redmond. To help illustrate their point, the company made up a handy infographic explaining why Yammer and Microsoft are a perfect fit for each other, along with the obligatory press release that can be found below.

REDMOND, Wash., and SAN FRANCISCO — June 25, 2012 — Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks.

“The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love,” said Steve Ballmer, CEO, Microsoft. “Yammer adds a best-in-class enterprise social networking service to Microsoft’s growing portfolio of complementary cloud services.”

Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 percent of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative.

Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer’s adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype.

“When we started Yammer four years ago, we set out to do something big,” Sacks said. “We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we’ll need to scale and innovate.”

The acquisition is subject to customary closing conditions, including regulatory approval.

About Yammer

Yammer (www.yammer.com) is a leading provider of enterprise social networks with over 5 million verified corporate users including employees of more than 85 percent of the Fortune 500. The basic version of Yammer is free, and customers can pay to upgrade their network to receive advanced administrative and security controls, integrations with enterprise applications, priority customer service and a designated customer success manager.

About Microsoft

Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/news/contactpr.mspx.

Forward-Looking Statements

This press release contains forward-looking statements, which are any predictions, projections or other statements about future events. Actual results may differ materially from these forward-looking statements because of a variety of risks and uncertainties about our business, which we describe in our filings with the Securities and Exchange Commission, including our Forms 10-K and 10-Q. We do not undertake any duty to update any forward-looking statement.

by Xavier Voigt-Hill

Is Facebook looking to buy Opera to make its own web browser?

Fresh from floating itself on the NASDAQ at a valuation of $104 billion, only to see share prices plummet by almost 20% in a week, and a $1 billion acquisition of Instagram, the rumour mill has sparked up again, this time suggesting that Facebook is set to acquire Norwegian firm Opera Software. Pocket-lint’s sources claim that Mark Zuckerberg’s company is looking to create its own web browser, possibly one compatible with the oft-rumoured Facebook phone, and that it is looking towards Opera to achieve this goal. The Next Web also cited a different source close to the browser maker, stating that the company was not only in talks regarding a potential acquisition with multiple suitors, but a hiring freeze has been introduced – a sign that big things may be coming. A Facebook browser could look very similar to RockMelt, a browser with Facebook integration and built from Google’s Chromium engine, but partnering with or acquiring a company like Opera would give Facebook independence from third-parties such as Google, thus ensuring total control over the browser, while also the potential to tap in to Opera’s 270 million monthly users. All of this speculation certainly seems plausible, and with Facebook’s tendency to roll out new features perpetually, it might not be long until we find out the truth.

by Xavier Voigt-Hill

HTC announces Beats Audio acquisition of MOG

With HTC’s Beats Audio division acquiring music streaming service MOG, TechCrunch has a look at how HTC is acquiring innovation rather than innovating themselves.