Amazon to Acquire AbeBooks

Friday, August 1st, 2008
Amazon is announcing today their plans to acquire AbeBooks.  AbeBooks is a marketplace for books mostly used, rare and hard-to-find posted by thousands of booksellers from around the world.  Amazon will not necessarily own the books on AbeBooks but only peddle them on their site. From the press release, Amazon states, "As a leader in rare and hard-to-find books, AbeBooks brings added breadth and exp

BT Buys Ribbit for $105 Million

Tuesday, July 29th, 2008
BT has acquired Silicon Valley based voip comapny Ribbit for $105 million. BT is a dominant British telecommunications company and Ribbit has been dubbed to be Silicon Valley’s first telecommunications company. Ribbit’s software lets you make a phone call from a web page, or direct your own phone calls to a web page. It includes ways for you to do things like transcribe these calls into text, that you

Twitter Buys Summize

Tuesday, July 15th, 2008
The previous report that Twitter was planning to buy the Twitter Search engine Summize has been confirmed and sealed.  Twitter does acquire Summize. Twitter announced the acquisition on its blog post Finding a Perfect Match , as if the two companies were lovers.  "We’re excited to announce that Twitter has acquired Summize—an extraordinary search tool and an amazing group of engineers.

Guardian Buys PaidContent

Friday, July 11th, 2008
Britain’s Guardian News & Media has acquired ContentNext , publisher of The Guardian is of the old media, newspapers, magazines, telly, and their acquisition of ContentNext, a new media company, blogs, blogs, blogs, is a sign of the respct blogs are getting from the ones they tried to emulate. ContentNext , publisher of the influential tech blog, along with its other pro

Twitter Might Buy Summize

Tuesday, July 8th, 2008
Ah yes, Twitter.  Twitter is a microblogging service that somehow made a great impact on bloggers this recent year.  A lot of people enjoy it and say that it is innovative as the internet itself.  Some say that it’s just a fun application and mostly useless and unbankable.  There are a lot of opinions about Twitter and their recent acquisition of $15 million proves two sides, it’s

Twitter Gets Series B Funding and Jeff Bezos

Tuesday, June 24th, 2008
[Image Credit: PC Weenies ] Twitter has officially closed their second round of funding.  The round was led by Bijan Sabet of Spark Capital along with Jeff Bezos of Bezos Expeditions and Twitter’s existing partners Union Square Ventures and Digital Garage.   The series is rumored to be $15 million but Twitter has not disclosed the official amount.  Bijan Sabet also accepted a seat on the

Icahn to Launches Proxy Fight Against Yahoo

Thursday, May 15th, 2008
Carl Icahn, an internet billionaire who has shares in virtually everything online, has called for a proxy fight against Yahoo to replace the current board of directors and ultimately let make way for teh Yahoo-Microsoft merger. In a letter to Yahoo chairman Roy Bostock, Icahn as well as big investors in  Yahoo, is leading the fight to replace the current Yahoo board with a slate of 12 of twelve executives th


Thursday, May 15th, 2008
CNET Networks, the company behind CNET, ZDNet,,, CNET News, UrbanBaby, BNET, CHOW and, have been acquired by media giant and oldie, CBS fir $1.8 billion. At first this would have sounded like a great big buy out that would rival Time Warner’s acquisition of AOL or the possible merger of Yahoo and  Microsoft, or the Google acquisition of YouTube.  However, this comes a

Ask.Com Acquires

Thursday, May 15th, 2008
IAC, the owners of, has just acquired in full the company, Lexico Publishing Group LLC — the owner of,, and, in an all-cash transaction. "Lexico is a lean and fast-growing business with rapid top- and bottom-line growth, and is a natural addition for," said Jim Safka, CEO of "More than 30 percent of all searches conducted on

HP Acquires EDS for $13.9 Billion

Tuesday, May 13th, 2008
HP has just acquired technology outsourcing firm EDS confirming that they wereplanning a merger.  Reasons as to why HP did purchase EDS are explained in the press release.  However, without the flowery words, it may be because HP is not doing well with their outsourcing branch, or HP is taking a huge step into the future. HP is known for printers and computers.  However, there is just so much they