Category: M&A

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January 15, 2020

Apple buys edge-based AI startup Xnor.ai for a reported $200M

Xnor.ai, spun off in 2017 from the nonprofit Allen Institute for AI (AI2), has been acquired by Apple for about $200 million. A source close to the company corroborated a report this morning from GeekWire to that effect. Apple confirmed the reports with its standard...


by Devin Coldewey in acquisition
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December 9, 2019

Fourteen attorneys general will challenge T-Mobile and Sprint merger in court this week

After months of statements, the biggest challenge yet to T-Mobile and Sprint’s proposed merger kicks off today in a Manhattan court. The trial is the result of pushback from a coalition of attorneys general of 13 states and the District of Columbia, who have raised...


by Brian Heater in M&A
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November 21, 2019

Camp Grounded Digital Detox returns after founder’s death

Summer camp for adults and beloved tech-free weekend getaway Camp Grounded ground to a halt in 2017. Its big-hearted founder Levi Felix who’d espoused the joys of trading screens for nature walks was tragically killed by brain cancer at just age 32. Left in his...


by Josh Constine in Camp Grounded
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November 19, 2019

SocialRank sells biz to Trufan, pivots to a mobile LinkedIn

What do you do when your startup idea doesn’t prove big enough? Run it as a scrawny but profitable lifestyle business? Or sell it to a competitor and take another swing at the fences? Social audience analytics and ad targeting startup SocialRank chose the latter...


by Josh Constine in Advertising Tech
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November 18, 2019

John Legere is stepping down as CEO of T-Mobile, succeeded by deputy Mike Sievert on May 1

He’s reportedly not going to take over WeWork, but John Legere is definitely on his way out of the CEO role at T-Mobile, the carrier that is currently merging with SoftBank-controlled Sprint. Today the carrier and Legere confirmed that Mike Sievert — currently T-Mobile’s COO...


by Ingrid Lunden in adam neumann
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November 13, 2019

Yahoo Japan and Line are reportedly going to merge

According to Nikkei, messaging app Line and Yahoo Japan are about to merge and form a single tech company. Despite the name, Yahoo Japan is currently 100% owned by Z Holdings, a company that is controlled by Japanese telecom company SoftBank (Yahoo Japan isn’t related...


by Romain Dillet in Asia
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November 7, 2019

T-Mobile sugar-coats Sprint merger with promises of free data — but only if it’s approved

The planned $26 billion merger between T-Mobile and Sprint has been approved by the Justice Department and the FCC, but it’s not a sure thing yet. To sweeten the deal, T-Mobile is dangling three big free and cheap data initiatives that will only go through...


by Devin Coldewey in Government
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November 5, 2019

FCC approves T-Mobile/Sprint merger despite serious concerns

The FCC has given its stamp of approval to T-Mobile and Sprint’s proposed merger, saying the deal will “enhance competition” and hasten 5G deployment. Those opposed say the merger defies common sense, creating a triumvirate of mobile giants that will “divide up the market, increase...


by Devin Coldewey in FCC