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Tag Archive for business

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Chinese mega-firm Tencent acquires controlling stake in Clash of Clans maker Supercell

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The next time you wonder why in-app purchases are so popular, you can think back to this day when the company behind Clash of Clans was valued at $10.2 billion. Chinese internet firm Tencent is acquiring 84% of Supercell, giving it majority control of the game developer. Don’t expect anything to change right away—Supercell is making oodles of money as is.

Supercell is headquartered in Helsinki, Finland, but the current majority owner is Japan-based SoftBank.

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Chinese mega-firm Tencent acquires controlling stake in Clash of Clans maker Supercell was written by the awesome team at Android Police.

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Microsoft Is Buying LinkedIn For $26.2 Billion

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Microsoft doesn’t have a social network of its own, but it does have a giant pile of money. When you’ve got that, you can have anything you want. Microsoft has just announced it will purchase business-oriented social network LinkedIn for an incredible $26.2 billion dollars. That’s 26.2 Instagrams or roughly the entire annual GDP of Estonia.

Microsoft CEO Satya Nadella has been at the helm for a few years, and hasn’t really made any huge moves yet.

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Microsoft Is Buying LinkedIn For $26.2 Billion was written by the awesome team at Android Police.

Podcast Company Stitcher Has Been Acquired For $4.5 Million

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Google Play Music just added podcast support recently, but Stitcher has been successfully indexing and streaming podcasts for years. This has not gone unnoticed. Stitcher has been acquired from owner Deezer for $4.5 million. The buyer is E.W. Scripps, which probably isn’t a name with which you’re familiar. You may be familiar with what they do, though.

According to The Wall Street Journal, Stitcher will operate under E.W. Scripps’ Midroll Media unit. Midroll’s business is selling ads in podcasts.

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Podcast Company Stitcher Has Been Acquired For $4.5 Million was written by the awesome team at Android Police.

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