Tag Archives: acquires

News: Apple acquires transit app developer Embark

In a continuing quest to improve the quality of its mapping services, Apple has reportedly acquired transit app development firm Embark, a small Silicon Valley startup that develops free transit apps for iOS. While it is unclear how much Apple paid for the acquisition, the report notes that Apple plans to integrate Embark’s technology into Apple Maps, according to people knowledgeable about the deal. This is the second transit-related company…

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News: Otterbox acquires LifeProof

Otterbox announced today that it has acquired fellow case maker LifeProof, one of its main competitors in the protective case market. “This is a big strategic move for us,” Otterbox CEO Brian Thomas said. He said the LifeProof name will remain part of the brand. Thomas cited the move as a way for Otterbox to get into the waterproof case market — the company decided to integrate rather than compete with LifeProof. Interestingly, LifeProof…

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News: HP acquires Palm for $1.2 billion

HP and Palm have announced that they have reached an agreement for HP to purchase Palm at a price of $5.70 per share, or a total price of roughly $1.2 billion. The deal has been approved by both respective companies’ boards of directors. The announcement states that the “combination of HP’s global scale and financial strength with Palm’s unparalleled webOS platform will enhance HP’s ability to participate more aggressively in the…

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