To cap off a day of tree-themed acquisitions, Google has announced it’s shelling out $3.2 billion in cash for Nest: a company that makes super smart thermostats and smoke alarms.
Nest, which launched in 2011, aims to “take the unloved products in your home and make simple, beautiful, thoughtful things,” according to the company’s website. For those of you that don’t speak startup, that basically means they replace your junky old impossible-to-use thermostat with one that has motion sensors and WiFi connectivity. Read More
When news came down yesterday that Zynga was shuttering three of its locations and laying off 18 percent of its staff, employees in the New York office, many of whom joined the social gaming behemoth following the acquisition of an indie game studio named OMGPOP, were prepared for the worst.
According to an OMGPOP employee who was laid off yesterday, the office seemed like it was winding down over the past few months. Zynga’s VP of mobile, Sean Kelly, who had been tapped to replace OMGPOP cofounder Dan Porter, was rarely around the office, and though he had charged the teams with brainstorming ideas for new games just two weeks ago, he didn’t follow up with a roadmap to help guide their new game concepts into fruition. Read More
Jetsetter, the luxury travel site that Gilt Groupe put up for sale for around $50 million back in October, has been acquired by TripAdvisor, according to a press release published to PRNewswire. A Gilt Groupe representative confirmed the acquisition to Betabeat. Skift reported back in March that Jetsetter was close to an acquisition, most likely by the travel reviews site. Read More
Forrst, a developer network that came out of the 500startups accelerator, announced today that it has been acquired by ZURB, a 15-year-old community for product designers to help companies do design work. This is the second acquisition for Forrst in less than a year; back in March, it was acquired by design community Colourlovers. The acquisition price has not been disclosed. Read More
Kayak, your favorite travel site, which easily serves up the cheapest flight and hotel prices across the web, has been acquired by fellow travel site Priceline, also known as “that thing William Shatner did after Star Trek.” According to a press release published by Skift, the two have entered into a definitive agreement for Priceline to acquire Kayak for $1.8 billion. Read More
After rumors began swirling on Twitter about layoffs at Salesforce, the cloud-computing company confirmed to Business Insider that it has laid off a fair chunk of its Radian6 employees. Salesforce says that less than 100 employees were impacted, but considering that Radian6 boasts only 320 employees total (according to Crunchbase), that’s still almost a third of the staffers being shown the door.
Radian6, a social media monitoring platform, is an integral part of Salesforce’s big play for a piece of the social marketing space. It acquired Radian6 back in March 2011 in order to build out the Salesforce Marketing Cloud. Read More
Reddit had its biggest day ever thanks to President Obama’s AMA. No surprise there, considering the site was inaccessible for most of it. [The Verge]
RIP Microsoft Zune, can’t say anyone will really miss you. [Engadget]
Shopbop is trying to make itself into a high-end competitor to sites like Net a Porter. [New York Times]
Facebook has been cleared to officially purchase Instagram. [Wall Street Journal]
Is TechCrunch a bully? [Lane Wood]