Groupon on Wednesday announced the acquisition of Campfire Labs, a company that has yet to launch but showed promise thanks to a line of social shopping enhancement services. It’s believed Groupon will use the company to better their merchant, customer and customers friends communication while possibly helping the social buying company expand into small business participation.
The social buying company has been on a purchasing tear, they recently purchased OpenCal and used that technology to create the Groupon Scheduler product. Using the Groupon scheduler buyers can purchased a Groupon then go right in and schedule an appointment if one is needed for the purchase.
By offering better service and the ability to schedule locally Groupon could find themselves in a position to offer better, more accurate and real-time service to local merchants and merchants in smaller markets which have been ignored because of size and customer service related inefficiencies. read more
Rumors began surfacing today that internet giants Google and Facebook have been courting Twitter executives in what could end up being an $8 billion to $10 billion acquisition.
While the talks according to the Wall Street Journal are only “low-level” it’s believed that acquisition attempts have heated up over the last several months, although some insiders say they have “went nowhere.”
The huge valuation numbers come at a time when Twitter is estimated to have only taken in $45 million in revenue during 2010 with an estimated increase to $100 million, possibly $110 million in 2011.
At this time no company’s involved in talks have commented, which leaves a lot of speculation around the type of deal Twitter may be trying to etch out. read more
Groupon on Friday was rumored to have turned down a massive $6 billion buyout offer by Google, a bold move for the company that currently nets just $50 million per month.
The offer, according to Bloomberg, included $5.3 billion with a $700 million earnout.
So why the urge to stay independent? Some analyst numbers actually place the companies earnings at much higher numbers, with AllThingsDbelieving the company may generate $2 billion in yearly sales, rather than the recently reported $500 million figure. read more
If rumors are to be believed, search giant Google today purchased social savings website Groupon for $2.5 billion.
The acquisition announcement comes from Vatornews who says they have it on the word of a “reliable source” close to the negotiations that the site has been purchased and will switch hands over to Google.
While neither Google or Groupon have confirmed the deal, the price of acquisition is in line with the $2 to $3 billion mark Yahoo tried to purchase the company for earlier in the year.
If the rumors are true, the company, founded in 2008 would become one of the quickest internet sites to ever reach above the $1 billion valuation point. The sites estimated $50 million per month in revenues would also mean Google has purchased a company that’s already earning enough to pay for itself in three to four short years, possibly less with the number of customers flocking to the site on a daily basis and now with the Google brand supporting the websites future, but again only if rumors are true.
Drop.io, a simple file-sharing service announced on their blog today that they have been acquired by Facebook.
On the companies blog they stated:
“Today, we’re proud to announce that we’ve struck a deal with Facebook.” while adding “What this means is that Facebook has bought most of drop.io’s technology and assets, and Sam Lessin is moving to Facebook.”
As is often the case with these type of acquisitions, Drop.io was a talent buy and will shut down on December 15th and all paid accounts will be discontinued while all data on Drop.io will be deleted by the end of the year.
Here’s the full announcement of the acquisition as posted by Drop.io: read more
The niche nature of the Internet in general, and the blogosphere in particular, makes partnerships easy to work out. That’s why I’m a bit surprised why we’re not seeing more of this. UMPCPortal have decided to let JKKMobile and Liliputing, two blogs that cover the same ultraportable gadget sphere as they do, into their product database. By teaming up, they can maintain the database and keep it up to date, as well as deliver tailored solutions (and hence revenue and additional value) to its partners. A good example of an ideal partnership, if you ask me.
I wonder how long it takes for some of the larger online publishers to pick up UMPCPortal and its database? As you might recall, Giga Omni Media bought jkOnTheRun recently, maybe this is a solid follow-up acquisition?