RtoZ.org – Latest News

Google has announced that it is acquiring Waze, a community-based traffic and navigation app company. Terms of the deal for Waze weren’t disclosed in the Google blog post. But many people expect that it will be more than 1 billion. Started in Israel, Waze later moved its headquarters and some operations to the U.S. Read below the official blog post from Google. We’ve all been there: stuck in traffic, frustrated…

Logitech announced that it has acquired iPhone accessory startup TT Design Labs. The TidyTilt is a slim case for the iPhone that provides a simple method for keeping the earbuds tidy. “The big winners with today’s announcement are smartphone users,” said Derek Tarnow, co-founder of TT Design Labs. “In Logitech, we’ve found a true partner that shares our focus on creating great products designed to improve people’s experiences with the…

Amazon.com, Inc announced that it has reached an agreement to acquire Goodreads, a leading site for readers and book recommendations that helps people find and share books they love. “Amazon and Goodreads share a passion for reinventing reading,” said Russ Grandinetti, Amazon Vice President, Kindle Content. “Goodreads has helped change how we discover and discuss books and, with Kindle, Amazon has helped expand reading around the world. In addition, both…

Sprint announced today it has signed an agreement to acquire the shares of Clearwire for $2.2 billion, or $2.97 per share.  Sprint already owns slightly more than half of Clearwire. The company said owners of 13 percent of Clearwire shares – Comcast Corp, Intel Corp and Bright House Networks LLC – had agreed to vote for the deal. Sprint CEO Dan Hesse said, “Today’s transaction marks yet another significant step…

Facebook has acquired Face.com,the facial recognition software company for an undisclosed amount.Face.com announced the acquisition on its blog today. “We love building products, and like our friends at Facebook, we think that mobile is a critical part of people’s lives as they both create and consume content, and share contentwith their social graph. By working with Facebook directly, and joining their team, we’ll have more opportunities to build amazing products that…

Nokia will acquire developers, technologies and intellectual property for imaging from Scalado.Nokia has been working with Scalado for more than ten years. Official Press release from Nokia is here: Acquisition aimed at enhancing imaging experiences for Nokia Lumia devices Espoo, Finland and Lund, Sweden: Nokia is announcing plans to acquire world-class imaging specialists as well as all technologies and intellectual property from Scalado AB. “Nokia has been working with Scalado…

Facebook has acquired Karma,a San Francisco-based social gift giving. The working of karma is very simple.Using the application you have to select the gift what you want to give.After selection you have to create a virtual card and send your present to your recipient via text,email,or a message on his or her Facebook.The recipient has to accept the gift and give an address where you would like your gift shipped.You…

Samsung Electronics, Co., Ltd., a global leader in digital media and digital convergence technologies, announced today it is acquiring mSpot, Inc., a leading mobile cloud-based content service provider based in Palo Alto, California. “mSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers, and they’ve backed it up with innovative technical solutions from a great engineering team,” said TJ Kang, Senior Vice President of Samsung…

Facebook is acquiring Glancee, a mobile service that helps users find and connect with people based on their locations. From Glancee’s home page: “We started Glancee in 2010 with the goal of bringing together the best of your physical and digital worlds. We wanted to make it easy to discover the hidden connections around you, and to meet interesting people. Since then Glancee has connected thousands of people, empowering serendipity…

Facebook just bought popular photo-sharing application Instagram for $1 billion in cash and stock. “I’m excited to share the news that we’ve agreed to acquire Instagram and that their talented team will be joining Facebook”,Mark Zuckerberg,Facebook founder  said. “This is an important milestone for Facebook because it’s the first time we’ve ever acquired a product and company with so many users,” Zuckerberg said in the post. Instagram has 30 million…