acquisition – Tech News

Linktree acquires social media scheduler tool Plann

Link-in-bio platform Linktree announced Thursday that it has acquired social media scheduling tool Plann for an undisclosed amount. While Sydney, Australia-headquartered Plann will continue to operate as usual for now, Linktree is set to integrate its social scheduling tool into its platform in the coming months. This means that users will soon have access to features like social media planning and auto-posting for platforms like TikTok, Facebook, Lin
https://techcrunch.com/2024/08/15/linktree-acquires-plann-social-media-scheduling-tool/

BeReal is being acquired by mobile apps and games company Voodoo for €500M

Voodoo, a French mobile apps and games publisher, has acquired BeReal for €500 million. As part of the acquisition, BeReal co-founder and CEO Alexis Barreyat will leave the company after a transition period. Aymeric Roffé, the CEO of Wizz, one of Voodoo’s social media apps, will take over as BeReal’s CEO.
https://techcrunch.com/2024/06/11/bereal-is-being-acquired-by-mobile-apps-and-games-company-voodoo-for-e500m/

Adobe abandons $20 billion acquisition of Figma

Following mounting pressure from regulators in the UK and EU, Adobe and Figma announced on Monday that both companies are mutually terminating their merger agreement, which would have seen Adobe acquire the Figma product design platform for $20 billion. “It’s not the outcome we had hoped for,” said Figma CEO Dylan Field in a statement. “But despite thousands of hours spent with regulators around the world detailing differences between our businesses, our products, and the markets we serve, we no longer see a path toward regulatory approval of the deal.”
https://www.theverge.com/2023/12/18/24005996/adobe-figma-acquisition-abandoned-termination-fee

Sega to acquire Angry Birds-maker Rovio for $775M

With Rovio under its wing, Sega says it plans to “accelerate the development” of its own existing games, as well as “generate synergies” between Sega and Rovio’s brands. Specifically, it seems that Rovio’s experience in so-called “live service” mobile gaming is what appealed to Sega, which refers games designed to be played more or less indefinitely through regular content updates to keep players interested. Moreover, Sega said that Rovio’s expertise can help it expand Sega’s current and new games in more markets, particularly in Europe and North America.
https://techcrunch.com/2023/04/17/sega-to-acquire-angry-birds-maker-rovio-for-775m/

DOJ suit could represent significant stumbling block for $20B Adobe-Figma deal

The DOJ is reportedly getting ready to file suit to block the $20 billion Adobe-Figma deal announced last year on the grounds it is anti-competitive. Bloomberg first reported the story yesterday afternoon. In a statement, Adobe took exception with the idea that the deal is anti-competitive, arguing that the two companies are looking at very different markets — creativity and collaboration.
https://techcrunch.com/2023/02/24/doj-suit-could-represent-significant-stumbling-block-for-20b-adobe-figma-deal/

Spotify acquires content moderation tech company Kinzen to address platform safety issues

Image Credits: Stockcam / Getty Images

“Today’s announcement of the acquisition of Kinzen is an indication that even that step was not enough — Spotify needed to bring content moderation expertise in-house, it seems.

In short, Kinzen’s solutions are aimed at helping platforms more quickly respond to content moderation issues in real time by using a combination of technology and human expertise at scale.”
https://techcrunch.com/2022/10/05/spotify-acquires-content-moderation-tech-company-kinzen-to-address-platform-safety-issues