What do prepaid debit cards and location-based services (LBS) have in common? If a company called Green Dot is right, the answer is 'a lot more than you might think.'
The company, which is a major player in the prepaid debit card space, today announced that it has acquired mobile LBS startup Loopt for $43.4m in cash.
It was the best of times, it was the worst of times. That may very well describe 2012 for media companies.
As detailed in Econsultancy's 2012 Media Growth Trends report companies are optimistic about what they can accomplish this year, but they also face numerous challenges - the least of which is the prospect of deeper economic pain in Europe.
In early 2008, Microsoft was willing to spend close to $45bn to buoy its
search position. We know what happened next: Yahoo rebuffed, Microsoft
walked away and Yahoo has floundered ever since.
It turned out to be a blessing in disguise for Microsoft. The economy,
along with the stock market, tanked later in the year, saving Microsoft
from what could have gone down as one of the worst timed deals in
And despite the stock market's rebound over the past
several years, Yahoo is still valued at well under half of what
Microsoft was willing to pay in 2008.
M&A is back in full-force in the consumer internet space, but this
time around, it's not just the usual suspects -- tech companies -- doing
Case in point: yesterday, Walmart announced that it is buying social
media company Kosmix. Founded in 2005, the company, which raised $55m in
investment over the years, "filters social media to connect you to
content that interests."
When investing in or buying a company, taking a peek under the hood is all but required. Anything else, of course, is sort of like going to Vegas and betting a huge chunk of your retirement on black.
Generally, due diligence includes looking at a company's financials. From the top line to the bottom line, prospective investors and acquirers need to know how healthy a company is and where it appears to be headed. But when investing in or acquiring an online business, should investors and acquirers be paying more attention to the SEO profiles of the properties they're considering?
The eBay brand is synonymous with online auctions, but over the years, eBay's business has expanded well beyond those auctions.
The company's crown jewel -- PayPal -- was purchased in 2002 for $1.5bn, and the online payment provider now accounts for more than a third of eBay's revenue. eBay's portfolio also includes comparison shopping site Shopping.com, financing service BillMeLater and rental classifieds site Rent.com.
Yesterday's surprise announcement that AOL is buying The Huffington Post for $315m sent shockwaves through the blogosphere.
The deal is not only one of the biggest in the consumer internet space
in the past several years, it's one of the biggest online publishing
acquisitions ever involving a 'blog'.
Google wants to do business with local businesses. And for good reason: there are a lot of them out there for, and they present a largely untapped opportunity for the search giant.
Rumors are swirling that Google's push to win over local businesses will involve a multi-billion dollar acquisition of group buying leader Groupon. According to one report, Google has put a whopping $5.3bn on the table for Groupon to mull over. If such reports are accurate, it's hard to imagine that we won't soon
be hearing an official acquisition announcement in the very near future.
Newspapers? Dying? Television? Might as well die too. New media? That's where future empires will be built.
At least that's what some have been claiming since blogging and 'new media' became a mainstream phenomenon. And to be sure, new media's future does look bright. But is it as bright as many had predicted? Perhaps not.
At one point in the no-so-distant past, Digg was one of the hottest
startups on the internet. The Web 2.0 boom was in full swing, and Digg
and its founder Kevin Rose were the poster children for the next
generation of companies that would ride the wave to fame and fortune.
Digg, of course, rose to popularity by providing a platform that
democratized the news. Why rely on editors to determine what's
important and what's not?Let the wisdom of the crowd works its magic.
It was a simple idea, but a powerful one.