Mashable Buys YouTube Channel for Filmmakers, Movie Fans

In another sign that New York-based Mashable is heading toward video, the digital media company has acquired YouTube channel CineFix from Lloyd Braun’s media and tech company, Whalerock Industries. Terms of the deal were not disclosed. The channel, which is geared toward filmmakers and movie fans, has produced more than 1,200 videos and attracted over 1.6 million YouTube subscribers. The site is “a natural fit with Mashable’s focus on entertainment, technology, and influential geek culture,” said Mashable chief content officer Gregory Gittrich. Continue reading Mashable Buys YouTube Channel for Filmmakers, Movie Fans

Microsoft Announces Deal to Purchase LinkedIn for $26 Billion

Microsoft just announced that it plans to acquire professional social network LinkedIn for $26.2 billion ($196 per share) in an all-cash deal expected to close this year. The merger will enable Microsoft to offer services to LinkedIn’s 433 million users. LinkedIn CEO Jeff Weiner is slated to remain head of the LinkedIn unit and join the new parent company’s senior leadership team. Microsoft CEO Satya Nadella said the deal will be “key to our bold ambition to reinvent productivity and business processes” as the tech giant continues its push toward becoming a vital enterprise hub. Continue reading Microsoft Announces Deal to Purchase LinkedIn for $26 Billion

Scripps Buys Popular Stitcher Podcast Service for $4.5 Million

Podcast platform Stitcher, purchased by streaming music service Deezer in 2014, has now been acquired by the E.W. Scripps Company for $4.5 million. Scripps owns 34 radio stations in eight markets, while Stitcher provides streaming for more than 65,000 podcasts. “Stitcher will operate as part of Midroll Media, which Scripps purchased about a year ago,” reports Radio Ink. Stitcher employees joining Midroll will operate out of San Francisco. Stitcher’s GM and VP of product Todd Pringle will lead product development. Continue reading Scripps Buys Popular Stitcher Podcast Service for $4.5 Million

Toyota Reportedly in Talks to Buy Google Robotics Companies

According to multiple reports, Toyota Research Institute is close to acquiring two robotics divisions from Google parent Alphabet Inc. “The Japanese automaker is discussing an acquisition of Alphabet’s Boston Dynamics — known for the Cheetah, which is claimed to be the world’s fastest-legged robot — and Schaft, a venture that was led by two former Tokyo University professors,” Fortune explains. Numerous reports suggest that tension has been mounting between Google and Boston Dynamics since 2014, tension that reached a tipping point this year when Boston Dynamics released a video of its Atlas humanoid robot that received positive tech press, but many found “unsettling,” according to Tech Insider. Continue reading Toyota Reportedly in Talks to Buy Google Robotics Companies

Microsoft is Scaling Back its Consumer Smartphone Business

Two years ago, Nokia announced that it had sold its mobile phone and smartphone businesses to Microsoft in a $7.2 billion deal. Since then, Microsoft CEO Satya Nadella shifted the company’s focus to bringing software and services to Android and iOS mobile systems rather than convincing consumers to use Windows. Last week, Microsoft announced it was selling its low-end feature phone business, and yesterday added it would further scale back consumer phone efforts and cut another 1,850 jobs. The company explained it would also take a $950 million charge as part of the move. Continue reading Microsoft is Scaling Back its Consumer Smartphone Business

FCC Approves Charter’s Purchase of TWC and Bright House

The Federal Communications Commission has approved the proposed acquisitions of Time Warner Cable and Bright House Networks by Charter Communications. If California regulators also approve (a decision is expected by Thursday), the deals would result in the second-largest broadband provider and third-largest video provider in the U.S. The Time Warner Cable deal is valued at $56.7 billion, while the Bright House deal is valued at $10.4 billion. Thomas Rutledge, president and chief exec of Charter, said the deals would lead to increased competition, more access to affordable broadband and new jobs. Continue reading FCC Approves Charter’s Purchase of TWC and Bright House

FCC Signs Off on Altice Acquisition of Cablevision Systems

The Federal Communications Commission has approved Altice NV’s proposed $17.7 billion acquisition of Cablevision Systems Corp. As part of the deal, the European telecom group would assume Cablevision debt and invest to upgrade the company’s broadband. According to the FCC, Altice has a record of improving services after investing in broadband companies in Belgium, France, Israel, Luxembourg and Portugal. In December, the FCC approved Altice’s $9.1 billion purchase of Missouri-based cable company Suddenlink Communications. Continue reading FCC Signs Off on Altice Acquisition of Cablevision Systems

Rovi Agrees to Acquire DVR Pioneer TiVo in $1.1 Billion Deal

Rovi Corporation has agreed to purchase TiVo Inc. for $1.1 billion, in a deal that merges two TV tech patent holders as companies including Apple, Comcast and Google are looking to control the set-top box. The FCC is proposing to allow customers who rent STBs from cable companies to “buy their own boxes or alternatives, which would open up what is now a largely closed market,” reports Bloomberg. “This deal was driven by an increasingly competitive set-top box market,” said analyst Paul Sweeney of Bloomberg Intelligence. “Cable operators such as Comcast are investing serious capital to develop next-generation boxes that are threatening the TiVo and Rovi platforms.” Continue reading Rovi Agrees to Acquire DVR Pioneer TiVo in $1.1 Billion Deal

After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

Foxconn, the Taiwan-based factory operator best known for assembling Apple’s iPhones, is acquiring two-thirds of Japanese electronics manufacturer Sharp, which supplies phone screens to Apple. The $3.5 billion deal, which follows a slew of public negotiations, rumors and setbacks, could provide Foxconn with leverage to make it a more attractive Apple partner. However, some analysts suggest that the acquisition will hand Foxconn an ailing and costly business. Foxconn is facing rising labor costs in China and a global slowdown in smartphones, while Apple diversifies its supply chain. Continue reading After Months of Setbacks, Foxconn Strikes Deal to Buy Sharp

Warner Bros. Buys DramaFever, Considers New OTT Services

Warner Bros. has acquired streaming-video subscription service DramaFever from Japan’s SoftBank Group. DramaFever was launched in 2009 with a focus on Korean TV shows and eventually movies. Today, it reaches 20 countries and offers a wide range of series, films and kids programming available in multiple languages. WB may use the acquisition, expected to close during Q2 2016, to launch new OTT services such as a new offering with content from Machinima or an expanded subscription service with programming licensed from other countries. Continue reading Warner Bros. Buys DramaFever, Considers New OTT Services

Verizon’s AOL Chief Exec Talks Potential Purchase with Yahoo

In December 2015, Verizon stated it was interested in acquiring all or some of Yahoo, which has been struggling for years with leadership changes and an inability to successfully exploit rising trends such as mobile. Now, Verizon has gone a step farther and given Tim Armstrong, chief executive of its AOL unit, the mandate to lead discussions with Yahoo about the potential for acquisition. Armstrong, a former Google sales executive, has known Yahoo chief executive Marissa Mayer, also a former Google executive, for years. Continue reading Verizon’s AOL Chief Exec Talks Potential Purchase with Yahoo

Sharp May Sell to Foxconn, Rather Than Japanese Consortium

Troubled Japanese LCD manufacturer Sharp is in talks to sell to Taiwanese company Foxconn. According to Foxconn chairman Terry Gou, the two companies have cleared 90 percent of the obstacles to sealing a final deal. If the deal does go through, it will mark significantly new openness of Japanese companies to foreign suitors. Also wooing Sharp is Innovation Network Corp. of Japan (INCJ), a Japanese government-supported consortium that has already acquired the display businesses of Toshiba, Hitachi and Sony. Continue reading Sharp May Sell to Foxconn, Rather Than Japanese Consortium

Chinese Company Buys Legendary Entertainment for $3.5B

Chinese conglomerate Dalian Wanda Group paid $3.5 billion in cash to purchase Legendary Entertainment, one of Hollywood’s largest independent movie companies, making it the largest such deal between Hollywood and China. Dalian Wanda’s other Hollywood holdings include AMC Entertainment, the second largest cinema chain in the U.S. The company, which got its start in real estate, also owns theaters and produces movies in China. Legendary has co-financed numerous movies, produced its own and has TV and digital divisions. Continue reading Chinese Company Buys Legendary Entertainment for $3.5B

Motorola Provides New Context to Comments Made at CES

During CES in Las Vegas, Motorola Mobility chief operating officer Rick Osterloh suggested that Lenovo has plans to phase out the Motorola brand. In the wake of news media and analyst confusion resulting from Osterloh’s comments, the company issued a statement to provide clarification, noting that the Motorola name or organization is not being dismantled, but is instead looking to “evolve” under parent company Lenovo. As part of that initiative, the company is looking to “streamline” its products under two brands — Moto and Vibe. Lenovo acquired Motorola Mobility from Google in 2014. Continue reading Motorola Provides New Context to Comments Made at CES

Pandora Media to Acquire Rdio Assets Following Bankruptcy

Pandora has largely been focused on Internet radio since its inception, but has also been increasingly competing with on-demand music services such as Spotify and Apple Music. The company announced yesterday that it plans to spend $75 million for the assets of struggling online service Rdio, which is filing for bankruptcy. The move could help Pandora significantly expand the way it delivers music. While the company presently touts 78 million customers, most of them listen for free, and the current Pandora model involves a feed of songs based on a user’s tastes, but with limited control. Rdio’s tech could offer Pandora users more control over their selections. Continue reading Pandora Media to Acquire Rdio Assets Following Bankruptcy

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