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Posts tagged with Acquisitions

Mint.com makes a mint, being acquired for $170m

More M&A: publicly-traded software company Intuit is acquiring personal finance upstart Mint.com for $170m. Mint.com, which launched at TechCrunch40 in 2007 and had raised nearly $32m from investors, has over 1.5m users and tracks more than $50bn in assets for its users.

Mint.com is simple: it allows users to aggregate data for their bank, credit and investment accounts and track those accounts through a single interface. Through this, Mint.com can help users identify areas for savings (it claims to have found over $300m in potential savings for its users) and promote financial services that users may be interested in.

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Is M&A back?

At this time a year ago, the global economy was imploding. We were in uncharted territory. Banks were on the brink. Lending dried up. Private equity was sitting tight. The wheels of the financial markets had stopped moving.

Flash forward to today. While there's still lots of debate about what the future holds and there's good reason to believe that we're not out of the woods yet, in some industries executives are feeling more confident. In the tech and media worlds, there are signs of life in the M&A markets.

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Facebook can't have Twitter, so it buys FriendFeed

By most accounts, Facebook CEO Mark Zuckerberg really likes Twitter. And as the 20-something CEO of a company that has raised over $750m, it's only natural that he'd want it,  literally. There's just one problem: when Facebook tried acquiring Twitter earlier in the year, it was turned down. The reason: Twitter didn't buy into the $15bn valuation Facebook was basing its share price on as part of the proposed deal.

So Facebook has finally done what many do when rejected: you settle for your second choice. And it this case, that means FriendFeed, which it acquired yesterday.

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Publicis Groupe pulls the trigger on Razorfish acquisition

As reported before, Microsoft has been looking to sell digital agency Razorfish, a business it acquired through its $6bn purchase of ad services holding company aQuantive in 2007.

Yesterday, it announced a deal: Publicis Groupe, the world's second largest media agency, will be buying Razorfish for $530m in cash and Publicis Groupe treasury shares.

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Friends no more: ITV finally dumps Friends Reunited

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.

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Google acquires the most important online video company you've never heard of

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.

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Z to A: Amazon.com gobbles up Zappos.com

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 $900m.

Amazon plans to run Zappos as a wholly-owned subsidiary, with its new acquisition maintaining its own branding and separate operations.

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eBay gets back to basics, will other companies do the same?

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.

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