2 Tech Acquisitions Shaking Silicon Valley
M&A activity is heating up in Silicon Valley as summer comes closer. Two major mergers in the tech segment were confirmed on Thursday: Twitter Inc (NYSE: TWTR) acquired TenXer and LinkedIn Corp (NYSE: LNKD) acquired Refresh.
The Twitter-TenXer Acquisition
TechCrunch confirmed – via TenXer's CEO and co-founder Jeff Ma – that Twitter has acquired and will close TenXer, a platform for developers and engineers to work better together.
The social media giant expects this addition to help it provide better tools for engineers wanting to develop products for Twitter.
— Jeff Ma (@jeffma) April 2, 2015
The report from TechCrunch said that the price paid was under $50 million.
The article highlighted another interesting fact:
"Ma has a pretty interesting background in predictive analytics, which he applies these days mainly to sports but also further back to gambling. Twitter, of course, has been moving deeper into developing its own analytics services, and so I wouldn't be at all surprised if Ma's skills were put to use here, too."
The LinkedIn 'Refresh'
Another article, published on Re/code, said that LinkedIn has acquired Refresh, a startup that helps people prepare for their meetings by collecting and sharing information on the people they're meeting with.
While LinkedIn already offers a similar feature, it plans to widen the offering using Refresh's technology. However, it is unclear if those features will be standalone apps or baked into LinkedIn, the article added.
According to a LinkedIn spokesperson, Refresh will shut down its app on April 15. Other terms of the deal were not yet disclosed.
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