The Year of the Tech Acquisitions
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February 22nd, 2008
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It’s been a banner year for buyouts in the tech sector. Take a look at some of the largest of the past months:
- Ebay acquires StumbleUpon for $75 million
The Founder, Garrett Camp, started StumbleUpon for $1.5 million from Ram Shriram and Mitch Kapor and built it into one of the most prominent social bookmarking sites on the web. After more than 2 million users voting thumbs up or down for their bookmarks, Camp sold and will continue managing the company under Ebay. - Feedburner bought by Google for $100 Million (according to TechCrunch)
The people at Titan Hotspots absolutely adores Feedburner! We even use them to serve our news feeds, and it’s working out great. We were estatic to hear about Google’s acquisition earlier this year. One great company joining the others, sparks are most definitely soon to be seen. Keep an eye on these two, great things are on their way. - Facebook buys out Parakey for under $4 million (according to TechCrunch)
Parakey is not a well-known name, or even a launched company for that matter. That didn’t prevent Facebook from taking advantage of a mutually beneficial deal to buyout the open-source Internet operating system created by whiz kids Blake Ross and Joe Hewitt, the Mozilla Firefox developers.
Be sure to check out BusinessWeek’s article on Tech Buyouts for even more!
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Friday, February 22nd, 2008 at
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February 22nd, 2008 at
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1:41 am
[…] Titan Hotspots Park wrote an interesting post today on The Year of the Tech AcquisitionsHere’s a quick excerptFacebook buys out Parakey for under $4 million (according to TechCrunch) Parakey is not a well-known name, or even a launched company for that matter….That didn’t prevent Facebook from taking advantage of a mutually beneficial deal to buyout the open-source Internet operating system created by whiz kids Blake R… […]