AOL To Announce Acquisition of Sphere Tomorrow. It Was Inevitable That Someone Bought This Amazing Startup.
1 COMMENT | Amit Chowdhry | Monday, April 14th, 2008 | 440 ViewsTime Warner Inc. (NYSE:TWX) subsidiary, AOL LLC is announcing that they are acquiring Sphere tomorrow. Sphere is a service that is best known for finding related content and blog posts to specific articles and placing links to them in a widget form. You can find Sphere’s widgets on Pulse 2.0, The [...]
Google’s Muscle, Frank P. Quattron Spots Eric Schmidt
ADD A COMMENT | Amit Chowdhry | Thursday, April 10th, 2008 | 271 ViewsFrank P. Quattron has had somewhat of a tumultuous history. While the former Credit Suisse First Boston executive has earned over $200 million, he sent an e-mail to employees recommending to delete e-mails related to the buying of promising IPO stocks.
Despite wrongdoings, Quattron is back and advising the fastest growing search engine company [...]
Microsoft, News Corp., AOL, Google, and Legg Mason All Want A Piece of Yahoo!
ADD A COMMENT | Amit Chowdhry | Thursday, April 10th, 2008 | 424 ViewsYahoo! Inc. has become the apple of every company’s eye. Microsoft, News Corp., AOL, Google, and Legg Mason are all interested in a deal with Yahoo!
AOL, subsidiary of Time Warner Inc. (NYSE:TWX)
Time Warner’s AOL LLC is looking to repurchase some of Yahoo!’s shares above Microsoft’s offer of $31 per share and essentially AOL [...]
Ups and Downs: XM Loses AOL Deal, But Gets Sirius Radio Merger Approval From Justice Department
4 COMMENTS | Amit Chowdhry | Monday, March 24th, 2008 | 890 Views“Competition in the marketplace generally protects consumers and I have no reason to believe that this won’t happen here,” stated Justice Department Antitrust Chief, Thomas Barnett.
Sirius Satellite Radio Inc. (NASDAQ:SIRI) has received the approval it needs to purchase XM Satellite Radio (Public, NASDAQ:XMSR) for $4.59 billion. The Justice Department has given both companies [...]
Gizmoz Raises $6.5 Million Series B & Signs A Partnership With AOL; Introduces AIM Gizmoz Expressions
2 COMMENTS | Amit Chowdhry | Monday, March 17th, 2008 | 454 Views“Gizmoz has enjoyed widespread adoption by consumers, advertisers and media partners over the last year, and with a number of exciting new products, programs and partnerships underway, the company is poised for significant expansion in 2008,” stated Eyal Gever, CEO/Founder of Gizmoz. “As we move forward on a number of key initiatives, building cross [...]
As If Wall Posting and Poking Wasn’t Enough, Soon You’ll Be Able To Chat With Your Facebook Friends Real-Time
ADD A COMMENT | Amit Chowdhry | Saturday, March 15th, 2008 | 2,174 ViewsFacebook, the $15 billion social network is supposedly tinkering around with an instant messaging service within their platform. If this isn’t a challenge to Google and AOL, I don’t know what is. Google’s social network, Orkut has a feature to connect Google Talk within the social network as well. And now that AOL owns [...]
AOL May Acquire KickApps For $90 Million
ADD A COMMENT | Amit Chowdhry | Friday, March 14th, 2008 | 359 ViewsAOL LLC may be looking to pick up another social networking-related company in the next few weeks. Rumor sources are saying that AOL is now looking to pick up KickApps at a price roughly around $90 million. Yesterday, AOL announced that they would be acquiring Bebo, a top social network, for $850 million. AOL’s [...]
Balderton Capital Makes $140 Million For Selling Bebo Shares To AOL
ADD A COMMENT | Amit Chowdhry | Thursday, March 13th, 2008 | 299 Views“We got involved in an exciting and competitive investment in Bebo because we believed in the social networking space and the fact that Bebo was positioned for exponential growth,” stated Barry Maloney, a partner at Balderton. “Our expectations for Bebo have been exceeded in a relatively short period of time, and today’s transaction with [...]
AOL buys Bebo for $850 million in cash
1 COMMENT | Mo Kakwan | Thursday, March 13th, 2008 | 214 Views
AOL annouced today that they are acquiring Bebo, the third largest social network after Myspace and Facebook with 40 Million users.
“Bebo will be the cornerstone of our strategy to transform the online experience for advertisers, media companies and consumers.”
said Randy Falco, AOL’s chairman and chief executive, during a conference call today.
It’s interesting to [...]
