Acquisitions Archives

Could Nextdoor Provide Social Media Redemption for Google?

Tweet Following an $8 million second-round funding announcement by SMB network Alignable I wrote a post on the LSA blog asking, “How Will Facebook and LinkedIn Respond to the Rise of Local Networks Nextdoor and Alignable?” I compared Alignable to LinkedIn (B2B) and Nextdoor (B2C) to Facebook. I speculated about which of those two established […]

Craigslist: Steadfast or Complacent and How Much Longer Can It Last?

Tweet You don’t hear much about Craiglist these days. It seems to be on a kind of autopilot, an internet 1.0 company that keeps chugging — or coasting — along. If I’m not mistaken the UX hasn’t changed meaningfully in a decade — the UI is the brand — and there’s no official mobile app. […]

Hyper-Local Classifieds Publisher PennySaver Abruptly Folds After 53 Years

Tweet Direct mail classifieds directory PennySaver — the original hyperlocal ad platform — has abruptly gone out of business, apparently because it couldn’t secure further financing. All of its roughly 700 employees were laid off and its doors shuttered. Distributed in California and Florida, it was founded in 1962 and later, for most of its […]

Will Verizon Successfully Ingest AOL or Screw It Up?

Tweet As I wrote yesterday, “on paper” the Verizon-AOL deal makes lots of sense. It fills in gaps and blanks in Verizon’s portfolio. Media consumption is moving to OTT services and mobile devices. AOL’s got content, ad-tech (esp. programmatic video) and ISP subscribers. All of these things can potentially be “leveraged” by Verizon to compete and […]

Facebook Buys TheFind: Great Potential That Could Be Wasted

Tweet In something of a surprise, last week Facebook announced it was buying shopping engine TheFind. TheFind will now shut down as its team joins Facebook. Below is the statement that was posted on TheFind’s site: For the last nine years, we’ve worked hard to bring you a shopping experience that’s easy, efficient and fun […]

Yext Bought InnerBalloons in December (How Did I Miss It?)

Tweet I completely missed this: Yext acquired Netherlands-based digital marketing company InnerBalloons this past December. I stumbled across it today completely by chance. InnerBalloons provided for European SMBs and reseller partners many of the same services that Yext offers its customers in the US. The fit is natural and in early 2014 I thought this would be a […]

SpinCo: Yahoo Bails Out on Its Small Business Division

Tweet Yesterday Yahoo announced that Yahoo Small Business would be spun out with the company’s remaining shares of Alibaba: I am excited to share that Yahoo Small Business is the “Active Trade Business,” mentioned in our Q4 and full year 2014 earnings announcement. What this means is that Yahoo Small Business will move over to […]

Report: Amazon to Buy Some of Radio Shack’s Stores for Offline Retail

Tweet It appears that Radio Shack is going out of business. Sprint is reportedly buying some of its stores; but more interestingly, according to Bloomberg, Amazon is thinking about buying some of the Radio Shack outlets as well: Inc., aiming to bolster its brick-and-mortar operations, has discussed acquiring some RadioShack Corp. locations after the […]

Report: Zomato Buys Urbanspoon for Roughly $50 Million, Entering US Market

Tweet International restaurant directory Zomato is reportedly entering the US in a splashy way: it has bought Urbanspoon from IAC. Based in India but operating in 130 cities around the world, Zomato raised $60 million from Sequoia Capital late last year and has raised over $100 million to date. The rumored purchase price is that […]

HomeAdvisor’s Mhelpdesk Buy Reflects SMB-Operations Push

Tweet Last week IAC-owned HomeAdvisor acquired a majority stake in a company called Mhelpdesk. The latter is described as “a cloud-based workflow application that helps small to medium-sized field service businesses streamline their operations.” HomeAdvisor is the rebranded ServiceMagic, a lead-gen marketplace for home services professionals. The Mhelpdesk product is a CRM tool that helps […]