The rumors that Google is looking to buy part of stumbling Taiwanese smartphone maker HTC might be confirmed or denied very soon. On Wednesday, the Taiwanese Stock Exchange (TWSE) said it will halt trading in HTC shares, starting Sept. 2017, pending an important announcement.
This does not necessarily confirm an acquisition by Google or anyone else—the trading of company stock can be halted for a number of reasons.
But given the dire state HTC is in, something needs to happen, and an acquisition is the most likely scenario.
Rackspace today announced its intention to acquire Datapipe, one of its largest competitors in the managed public and private cloud services business. Rackspace expects the acquisition, which is its largest one yet, to close in the next quarter. The two privately held companies did not disclose the financial details of the transaction, but Datapipe has raised aver $310 million in equity… Read More
Bumble, the “women-first dating app,” recently swiped left on a $450 million acquisition offer, Forbes reported this week.
It’s unclear what the exact reasons were. Bumble declined to comment on the report. The rumor mill looked to who the offer came from: Match Group, which also own dozens of dating apps including Match.com, OKCupid, and Tinder.
That last name is where things get awkward. Tinder is one of the reasons why Whitney Wolfe created Bumble. She was a cofounder of Tinder and served as its VP of marketing. Two years after launch, she left and sued the parent company, InterActive Corp, alleging sexual harassment and sex discrimination. Read more…