Google beat Facebook to the punch in Titan Aerospace acquisition

Published by on Apr 15th, 2014, No Comments


Last month we caught wind that Facebook wants to buy Titan Aerospace in order to bring internet to more people around the world. The company’s solar drones would be able to stay in the air for years at a time and deliver satellite internet from above.

Google has beaten Facebook to the punch, though. Google has just agreed to buy Titan Aerospace and according to the Wall Street Journal Mountain View hopes to use these long-lasting autonomous vehicles to assist its Project Loon project, which would have been a direct competitor to the solar drones.

Facebook, on the other hand, went ahead with another drone company called Ascenta. Check out the official press release from Titan Aerospace: (more…)

Motorola CEO departs for Dropbox

Published by on Feb 17th, 2014, No Comments


Motorola’s CEO Dennis Woodside has confirmed that he will be leaving the company. Often when large companies are acquired by others, the CEO is the first to get shown the backside of a door, and in Lenovo’s acquisition of Motorola it proved to be the same. Less than two years after taking over the position from Sanjay Jha, who ran the company before the Google acquisition, Woodside is stepping down to become the first COO of Dropbox. (more…)

Report: Google acquires secret AI company for $400 million

Published by on Jan 27th, 2014, No Comments


It seems that Google’s plans to be the world leader in artificial intelligence has jumped to another level after the mega-company reportedly acquired a secretive AI company for a staggering $400 million.

DeepMind is the latest of Google’s AI-orientated acquisitions, according to a report by Re/code. Not much is known about the London-based company, but we’re pretty sure that after being acquired by Google, their media profile will skyrocket.

What we do know, however, is that DeepMind was founded by games prodigy and neuroscientist, Demis Hassabis. Hassabis, who is described as a ‘child prodigy in chess’, was named “probably the best games player in history” by the Mind Sports Olympiad.  (more…)

Google acquires Nest for $3.2 billion in cash

Published by on Jan 14th, 2014, No Comments


Google has once again pulled a fast one on everyone, and announced that they have bought home automation (read: smart appliances) company, Nest, for a whopping $3.2 billion – in cash, darling.

The acquisition came as a surprise to many, mostly because of the fact that Google kind of kept it under wraps. No public announcement of their interest and no real media coverage.

However, according to Nest co-founder, Tony Fadell, Google has been involved in Nest for a few years already:

“This decision wasn’t made on a whim – Google has been in the mix in some way or another for about three years of our almost four-year history. In fact, my first meeting with Google as a Nester was before we’d launched” Fadell said in a blog post published on Nest’s website.  (more…)

Habari Media acquired by Caxton

Published by on Dec 10th, 2013, No Comments


After a period of serious speculation, it has been confirmed that popular media sales company, Habari, has been bought by giant media and printing group, Caxton.

Caxon, which is South Africa’s largest publisher and commercial printer, has made a smart move in acquiring Habari. With digital ad revenue skyrocketing in South Africa at the moment, Caxon could get the upper hand in this playing field with Habari.

Habari is quite the acquistion. Founded in 2004, the company has offices in many fore-fronting African cities such as Cape Town, Johannesburg, Nairobi and Lagos.

Some of Habari’s biggest names in the African digital real estate scene include LinkedIN, MTV, All4Women,, 2Go and Autotrader.  (more…)

Apple buys Topsy, a Twitter search and analytics firm

Published by on Dec 3rd, 2013, No Comments


Apple has certainly been using those coffers filled with cash lately. They have made a number of acquisitions in the last year, including the Kinect co-creators. They aren’t done yet, though. According to the Wall Street Journal, Apple has purchased Topsy, a search engine and analytics firm for tweets that have been one of Twitter’s biggest partners. Though there’s no clear implication for what Apple might do with Topsy, the Journal suggests that it could begin using Topsy’s data to better target ads, to inform users of its products about popular subjects, or to generally tap into of-the-moment interests. (more…)

Cerebra sells majority stake to WPP

Published by on Nov 27th, 2013, No Comments

CerebraJohannesburg-based digital communications company, Cerebra, has just announced the sale of the majority stake in their business to one of the world’s leading listed global agencies, WPP.

Cerebra was founded in 2006 and is perhaps best know for building, engaging and activating communities for big-name clients such as Vodacom, Hollard, Nedbank, Autopage and ABSA.

This deal with WPP, will firmly place Cerebra in an advantageous position within the growing social media and social business landscape across South Africa and the rest of the African continent.

CEO of Cerebra, Mike Stopforth, believes that the partnership between Cerebra and WPP is ideal:

“Cerebra has actively helped define the industry of social media communication and social business transformation in South Africa for many years. WPP’s remarkable success in South Africa, their equity footprint in Africa and their global thought leadership in strategic communication make them a relevant and highly suitable partner for us” he said. (more…)

Why Facebook really wants to buy Snapchat

Published by on Nov 15th, 2013, 3 Comments


Yesterday, we reported on Snapchat saying “no thanks” to Facebook’s incredible $3 billion offer to buy the budding messaging app.

Many thought it was a crazy offer to turn down, but wasn’t it a crazy offer to start with? What is the real reason Facebook is so intent on owning Snapchat?

Well, to put it bluntly, it’s because they’re nervous. In actual fact, Snapchat is quite the competition for Facebook – even though they carry the label of the ‘world’s largest social network’. (more…)