Amazon sets Sundance record by acquiring Mindy Kaling’s ‘Late Night’

Amazon might just be the biggest player at the Sundance Film Festival this year. The internet giant has spent $ 13 million to acquire the US rights to Late Night, a movie written, produced and starring Mindy Kaling. As Deadline pointed out, that’s a record for any US-only deal at Sundance — even Amazon’s $ […]

Apple is acquiring the Netflix of magazines

Enlarge (credit: Texture) Apple announced today that it signed an agreement to acquire the digital magazine service Texture, which serves articles from more than 200 magazines digitally on iOS, Windows, Amazon, and Android devices for a flat monthly fee. Apple has acquired the entire company, including staff, and has assured users that the Android version […]

Why Accenture moved into 3D visualization production by acquiring Mackevision

Accenture is getting serious about helping its clients move into immersive media. The company, whose workforce of 425,000 consultants spans the globe, last week acquired Mackevision, a 3D visualization and production house in Germany that is known for its work on the visual effects for Game of Thrones. If that sounds like a strange move, […]

Panera is acquiring one of its biggest competitors

Hollis Johnson Panera is acquiring sandwich rival Au Bon Pain.  This is a reunion for the two brands, which were united under a single company in the ’80s and ’90s.  Krispy Kreme and Keurig owner JAB Holdings acquired Panera for roughly $ 7.5 billion earlier this year.    Panera is set to acquire rival sandwich chain […]

No problem in Turkey acquiring Russian S-400 defense systems, NATO chief says

Published time: 10 Oct, 2017 13:40 The Turkish purchase of Russian-made S-400 air defense systems is Ankara’s business as the systems will not become part of joint NATO defenses, the chief of the alliance says. The US, however, has repeatedly voiced discontent over Ankara’s move. Read more The Turkish decision to buy the S-400 system […]

Dialog Semiconductor is acquiring Silego for up to $306 million in IoT push

(Reuters) — Germany’s Dialog Semiconductor is to acquire California-based Silego Technology for up to $ 306 million, helping to strengthen its position in the market for the so-called Internet of Things. Dialog’s business is largely focused on power management chips used in mobile phones by companies like Apple. Seeking to reduce that dependence, it wants […]

Google is acquiring HTC for $1.1 billion (GOOG, GOOGL)

Ramin Talaie/Stringer Google has signed a $ 1.1 billion dollar cooperation agreement with HTC, the technology company said in a statement on Thursday, after trading of HTC shares were halted on Taiwan’s stock exchange before the announcement. The move, first rumoured earlier this month and then re-emerged this week, is the search giant’s latest attempt to juice up its […]

Rosneft enters India's energy market acquiring Essar Oil for $13bn

Published time: 21 Aug, 2017 10:01 Russia’s Rosneft and its partners including Dutch commodity trading house Trafigura have finalized the $ 12.9 billion purchase of India’s second-largest oil refiner Essar Oil. It’s the biggest foreign acquisition in the South Asian country. The deal announced last October gives Rosneft a 49 percent stake in Essar. According […]

Here’s why acquiring Snapchat would make a lot of sense for Google (SNAP, GOOGL, GOOG)

BI Intelligence This story was delivered to BI Intelligence “Digital Media Briefing” subscribers. To learn more and subscribe, please click here. Google’s reported interest in buying Snap — including a $ 30 billion bid last year and a standing offer since Snap’s March IPO in the same range — has the potential to make the most dominant player in digital advertising […]

Sony is acquiring anime distributor Funimation

Turns out the partnership Sony and Funimation forged to create the latter’s streaming service wasn’t a one-off thing. Sony Pictures is currently in the process of buying 95 percent of Funimation for $ 143 million, putting the anime distributor’s value at around $ 150 million. Funimation’s streaming website, which launched earlier this year, has over […]