Twitter acquires distraction-free reading service Scroll to beef up its subscription product

Twitter this morning announced it’s acquiring Scroll, a subscription service that offers readers a better way to read through long-form content on the web, by removing ads and other website clutter that can slow down the experience. The service will become a part of Twitter’s larger plans to invest in subscriptions, the company says, and […]

Facebook is buying the developer behind VR shooter ‘Onward’

After a steady stream of studio acquisitions in late 2019 and early 2020, Facebook has been a little quieter in recent months when its came to bulking up its VR content arm. Today, the social media giant breaks that stream, announcing their acquisition of Downpour Interactive, the developer of the popular VR first-person shooter Onward. […]

Zynga and Rollic acquire the hyper-casual game studio behind High Heels

Last year, Zynga bought hyper-casual game maker Rollic. Today, Rollic is a Zynga subsidiary, and it’s announcing the acquisition of another game studio called Uncosoft. Like Rollic, Uncosoft develops hyper-casual games and is based in Turkey (Istanbul in Rollic’s case, Izmir in Uncosoft’s). In fact, Rollic has already published a couple of Uncosoft games, most […]

Family tracking app Life360 to acquire wearable location device Jiobit for $37M

Popular family tracking app Life360 is investing in hardware. The company this morning announced the $37 million acquisition of Chicago-based Jiobit, the maker of a wearable location device designed for use by families with younger children, pets or seniors. The $37 million is primarily in stock and debt, Life360 notes, but if certain performance metrics […]

Thoma Bravo buys cybersecurity vendor Proofpoint for $12.3B in cash

More M&A activity is underway in the red-hot field of cybersecurity. In the latest development, private equity giant Thoma Bravo is buying Proofpoint, the SaaS security vendor, for $12.3 billion in cash. Proofpoint is traded publicly on the Nasdaq exchange and as of its closing price on Friday, it had a market cap of $7.5 […]

Discord walked away from Microsoft talks, may pursue an IPO

A month after reports that Microsoft sought to buy the hot voice chat app Discord surfaced, those talks are off, a source familiar with the deal confirmed to TechCrunch. Discord is considering plans to stay independent, possibly charting a path to its own IPO in the not-too-distant future. The Wall Street Journal first reported news […]

Mastercard is acquiring identity verification company Ekata for $850M

As online identity management grows in importance, Mastercard swooped in this morning and bought identity verification company Ekata for $850 million. Mastercard certainly sees the rapid digital transformation that is happening in online commerce, a move that was accelerated by COVID. It’s a transformation that once started isn’t likely to change back to the old […]

IBM acquires Italy’s myInvenio to integrate process mining directly into its suite of automation tools

Automation has become a big theme in enterprise IT, with organizations using RPA, no-code and low-code tools, and other technology to speed up work and bring more insights and analytics into how they do things every day, and today IBM is announcing an acquisition as it hopes to take on a bigger role in providing […]

Flipkart to acquire online travel firm Cleartrip

Flipkart said on Thursday it has agreed to acquire online travel and hotel ticketing firm Cleartrip as the Walmart-owned e-commerce firm looks to expand its offerings in the world’s second-largest internet market. The deal values 14-year-old Cleartrip, which raised about $74 million prior to the acquisition, at about $40 million, a person familiar with the […]

Elior acquires food delivery startup Nestor

Corporate catering company Elior has acquired French startup Nestor for an undisclosed amount. Nestor originally started with a simple idea to differentiate itself from food delivery giants, such as Deliveroo, Uber Eats and others. Every day, the startup offered a single menu for lunch. If you liked what was on the menu, you could order […]