| To: The Ox who wrote (3519) | 11/6/2013 12:36:23 AM | | From: richardred | | | | | Hi OX: I wasn't familiar with MSPD/Mindspeed until your posting. Nice quick premium. I'm not sure if the acquirer is the remnants of the MA/Com I used to own in my early investing days. Like my SYMM, it looks like the board just gave up at trying to turn things around. Both stocks sold for much higher than the quick takeout price in the not to distant past. Interesting note- The PR state the acquisition will add 15-20 cents to 2014 earnings. |
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| To: richardred who wrote (3512) | 11/8/2013 7:03:12 AM | | From: richardred | | | | Twitter’s ready to go on the acquisition warpath, with almost $2B to spend
Eric Blattberg / VentureBeat
The floor of the New York Stock Exchange.
November 7, 2013 5:02 PM
Thanks a successful IPO opening day, Twitter now has a warchest of $1.8 billion. And according to some analysts, a lot of opportunity to spend it.
“Twitter has a long M&A shopping list with dozens of target private companies the microblogging service is targeting for purchase,” PrivCo’s Same Hamadeh said in a research note. “Twitter will use its rich stock to buy companies straightaway, adding to its revenues and further justifying its high valuation.”
Eric Blattberg / VentureBeat
Actor Patrick Stewart examines the Twitter logo as he stands next to child activist Vivienne Harr, who helped him ring the opening bell.
That high valuation does demand some justification. And it’s unlikely to be justified anytime soon with massive revenue or, perish the thought, actual profit. Twitter has pulled in $422 million so far in 2013, but it has a net loss of $134 million, up 89 percent since last year. With anemic growth figures, Twitter will likely need to keep spending on growth, so that loss number will take some time to turn into a profit.
“In our opinion Twitter will justify its steep valuation through both organic growth and through an imminent acquisition spree,” Hamadeh said.
Twitter has already acquired a long list of companies, including social search engine Summize, mobile messaging company Cloudhopper, ad firm Ad Grok, analytics startup BackType, social news startup Summify, blogging platform Posterous, email marketing firm RestEngine, social TV analytics firm Bluefin Labs, ad solutions startup Trendrr, and ad exchange MoPub, among at least 18 others.
What’s left?
Clearly, Twitter wants ad tech companies. It’s also shown a tendency to purchase analytics solutions, especially those that tie ad metrics in traditional media industries, such as television and music, to digital ads on Twitter. With the massive rise of messaging platforms that are bringing in massive revenues, an acquisition there could add to Twitter’s communication chops and add revenue, although that’s counter to Twitter’s traditional openness.
And while Twitter has openly indicated its interest in the music business, its #Music app has not seen widespread adoption. An acquisition in the music space that did not conflict or compete with the music industry stars and companies that Twitter is seeking to cozy up to could be a good use of IPO cash.
Exactly what companies are on the social network’s target list, however, isn’t known.
One thing that is? Based on Twitter’s stock price today, Twitter’s founding trio of Evan Williams, Jack Dorsey, and Dick Costolo are now worth a combined $5 billion.
venturebeat.com |
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| To: richardred who wrote (3512) | 11/8/2013 7:14:35 AM | | From: richardred | | | | Millennial Media completes acquisition of Jumptap
 Sara CastellanosTechnology Reporter- Boston Business Journal Email | Twitter | Google+
Maryland-based mobile advertising company Millennial Media (NYSE:MM) announced Thursday it has completed its acquisition of Boston-based mobile ad network Jumptap.
As part of the acquisition, Millennial Media will integrate Jumptap into the company's existing technology, including Jumptap's cross-screen targeting and advanced real-timie bidding technology, according to a release.
Millennial Media will also acquire 62 issued patents and more than 50 patent applications owned by Jumptap as part of the acquisition.
Jumptap specializes in offering mobile ad targeting, delivering ads to the mobile consumer most likely to care about them. The company said in August its system now reaches more than over 218 million mobile users in the U.S. and more than 439 million mobile users worldwide.
Millennial Media said in August the acquisition deal would transfer 24.6 million of its shares to Jumptap shareholders.
The deal was reached based upon Millennial Media's closing share price on Aug. 12, which was $9.13 per share. At that price, the stake included as part of the acquisition was valued at $224.6 million.
The acquisition "further strengthens Millennial Media as it aims to redefine advertising using mobile as the foundation," according to the release.
“Jumptap’s assets are incredibly complementary to what we have built at Millennial Media," said Paul Palmieri, chairman and CEO of Millennial Media in a statement, "and our combined team will have the technology, products, and expertise to help define what the future of digital advertising can be – which undeniably has its foundation in mobile."
bizjournals.com |
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| From: richardred | 11/8/2013 7:53:27 AM | | | | | | Rockwell Automation pursues 'active' acquisition pipeline.
>Rockwell Automation Inc. has about $1.6 billion in cash at its disposal to pursue an “active pipeline” of acquisitions, mainly targeting companies outside the United States, company leaders told The Business Journal.
bizjournals.com |
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