Posts tagged with 'acquisitions'
When times are good, the internet is responsible for memorable stories of rapid riches. But economic downturns are different. Even through parts of the internet economy have held up well, relatively speaking, in this economic downturn there are a growing number of gold to lead stories.
The latest such story: ITV's sale of Friends Reunited to DC Thomson for £25m after down-to-the-wire negotiations with a number of suitors.
On2 Technologies, a major player in the video compression space, is being acquired by Google in a stock deal worth approximately $106.5mn.
On2 may not be a recognizable brand but it's arguably amongst the most important companies on the web as its proprietary video codecs are used extensively in the online video space. Its VP6, VP7 and VP8 codecs have brought high-quality (and high-definition) video to computer screens all over the world.
Zappos.com, an internet retailer that launched in 1999, survived the
.com bust and went on to become the number one online footwear seller,
has been purchased by Amazon.com in a mostly-stock deal worth over
Amazon plans to run Zappos as a wholly-owned subsidiary, with its new
acquisition maintaining its own branding and separate operations.
eBay, the online auction giant, is doing a bit of Spring cleaning.
On Monday, it announced that it had sold StumbleUpon, a content discovery service it purchased for $75m in May 2007, back to its founders and a group of venture capitalists.