Tag Archives: acquisition

Airbnb acquires Tilt

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Tilt (formerly Crowdtilt), the digital payments startup that lets individuals to share bills and collect payments from a group, has been acquired by Airbnb for a little over $60 million—a price tag that’s significantly less than its reported valuation of $400 million back in 2015. According to reports, Airbnb acquired Tilt for its product, but not its business. Founded in 2012, Tilt’s free app became a hit among students looking to raise money with friends as well as for splitting the bill. However, the company’s decision to focus on growing its user base instead of revenue has caused it to lose money. The acquisition will give Tilt an exciting new lease on life and allow Airbnb to expand its expertise around group travel.

Google acquires Cronologics

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As part of its plans to launch its Android Wear 2.0 in 2017, Google has acquired Cronologics, a startup that specialises in developing operating systems for wearable devices. Cronologics is the company behind the OS of the CoWatch, an Android-powered smartwatch that has Amazon’s voice-activated Alexa personal assistant software built-in. For Google, Cronologics is a logical partner to build its next-generation Android Wear. The Cronologics OS is already fully compatible with Android, and Google may want to use this technology to advance its Android Wear’s voice recognition capabilities as well as enable it to pair with other connected devices like the Google Home.

Amazon acquires Biba Systems

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Video conferencing is one of the most exciting sectors in the communications industry. According to Global Industry Analysts, the global market for video conferencing services is expected to reach $2.9 billion in 2020, which might be the reason why companies like IBM, Microsoft, Oracle and Amazon are expanding beyond their core businesses and starting to beef up their video conferencing capabilities. Last week, Amazon reportedly acquired Biba Systems, a California-based video conferencing and messaging startup for an undisclosed amount. This latest acquisition follows the company’s purchase of Twitch, a live-streaming video platform, and Elemental Technologies, a software company that specialises in providing multi-screen video solutions. Analysts predict Amazon could combine all these technologies together to launch its own video conferencing service and tap into the billion-dollar industry.

Google acquires Undecidable Labs

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Google announced that it has acquired Undecidable Labs, a small startup that creates tools that can convert online searches into actual purchases. So what does the acquisition mean for Google? According to sources, the deal suggests that Google is hoping to monetise its enormous library of images, a prominent part of its search engine that has yet to gain significant traction. Undecidable Labs’ technology can filter image search results and display the most relevant images based on a user’s needs and price range. The acquisition will help Google advance into ecommerce, with the intention of increasing user engagement and advertising spend. Financial terms of the deal were not disclosed.