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Shares of T-Mobile and Sprint tumble after blockbuster deal collapses; Marcelo Claure named new CEO of Sprint

Wall Street seems to have really liked the idea of Sprint and T-Mobile tie up. Shares of both companies tumbled on Wednesday morning after reports emerged that Sprint is canceling its planned takeover of T-Mobile, the fourth largest wireless carrier in the U.S. Overland Park, Kansas-based Sprint is taking the brunt of the negative reaction,… Read More

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Rising diamond prices take cut out of Blue Nile Q2 results

Seattle online jewelry retailer Blue Nile said today that its business was materially impacted by fluctuations in the diamond trade, causing sales to decrease 1.3 percent to $106.6 million and operating income to drop to $3.2 million. In a conference call with analysts, Blue Nile CEO Harvey Kanter cited “volatile” diamond prices which has caused… Read More

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Tune, formerly HasOffers, buys MobileDevHQ to help clients boost app downloads

Seattle startup MobileDevHQ has been acquired by Tune, the Seattle company formerly known as HasOffers. Terms of the deal were not disclosed. MobileDevHQ’s tools help mobile marketers track keywords and competitors, helping to boost app downloads in the process. The company offers a free “professional” product, which allows users to track up to three apps… Read More

Taryn Naidu

Domain registration service Rightside spins off from Demand Media, trading on Nasdaq under ticker ‘NAME’

Meet the latest publicly-traded company from the Seattle area. Kirkland-based Rightside Group, a domain name service, today completed a spin off from Demand Media Inc. Shares started trading on the Nasdaq under the ticker “NAME,” with the stock now at $15.48. “Today’s milestone is a tribute to our team’s vision, ingenuity and commitment to making… Read More

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Realtor association draws inspiration from Steve Jobs in wake of Zillow deal, says ‘data does not define us’ and time to ‘stand up for ourselves’

The U.S. real estate industry trembled earlier this week when Zillow announced its intentions to buy Trulia for $3.5 billion in stock. The deal, if approved, would create a colossus in the industry with more than 130 million monthly visitors and over 2,000 employees. For years, many real estate organizations have viewed Zillow with a… Read More

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Chinese protesters reportedly slam Microsoft over ‘hostile takeover and violent layoffs’

Microsoft is facing more pressure in China. Five days after a report surfaced that Chinese officials were investigating Microsoft’s offices in the country, protests reportedly have erupted in the country against Microsoft over layoffs associated with the acquisition of Nokia’s phone business. According to Reuters, hundreds of protesters held banners and shouted “Microsoft’s hostile takeover and… Read More

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Tableau Software continues to grow, tops 1,500 employees

Tableau Software is bursting at the seams at its Fremont headquarters, growing so fast that it even plans to move into the former Sound Mind & Body gym later this month. And the pace of hiring does not appear to be slowing down at the maker of data visualization products. In the company’s second quarter… Read More

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Chart: Venture capitalists are once again seeing solid returns (and beating Wall Street)

The high-risk, high-reward game of venture capital appears to be paying dividends again. After a long dry spell in which investors were better off putting money into public stocks, venture capitalists are now beating their public market compatriots. Venture capital fund performance improved in nearly every time period for the quarter ended March 31, with… Read More

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Nordstrom buys men’s clothing service Trunk Club

Nordstrom is buying Chicago-based Trunk Club, a shopping service that helps men find the perfect outfit. Terms of the deal were not disclosed. “What Trunk Club is doing in the personal styling space is a natural extension of our core business,” said Erik Nordstrom, president of Nordstrom Direct, in a press release. “This acquisition is… Read More

John Stanton

Wireless pioneer John Stanton named to Microsoft board in latest bid by software giant to gain ground in mobile

John Stanton helped transform the mobile industry over the past three decades, serving in executive roles at McCaw Celluar; Western Wireless and VoiceStream Wireless. He’s also the former chairman of Bellevue-based Clearwire. Now the mobile phone pioneer is going to help guide Microsoft as it embarks on a challenging course of catching up to Apple… Read More

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Zillow to pay up to $150 million termination fee if blockbuster Trulia acquisition falls apart

Zillow’s whopping $3.5 billion bid for rival Trulia still faces regulatory scrutiny and shareholder approval, hurdles that Zillow CEO Spencer Rascoff said he does not believe will get in the way of the company’s biggest acquisition ever. Even so, if the deal falls apart, Zillow must pay a termination fee of $150 million to Trulia. Under… Read More

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Ex-Diapers.com CEO raises $55M for Jet, looks to battle Amazon with new online ‘shopping experience’

Amazon.com made a bold move three years ago, buying the parent company of Diapers.com for a reported purchase price of more than $500 million. Last year, technology journalist Brad Stone — writing in his book The Everything Store — uncovered some of the heavy-handed tactics that Amazon utilized to take over the fast-growing upstart. Now,… Read More

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Amazon Fresh expands grocery delivery to San Diego

Amazon Fresh continues its expansion across the West Coast, announcing today that it is opening its grocery delivery service in San Diego. With the new service now available in San Diego, customers can pick among 500,000 products, from milk and cheese to shampoo and batteries. Operated as a test in the Seattle area for five… Read More

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Biotechnology investor Accelerator Corp. lands $51 million, expands in New York City

Accelerator Corp, the Seattle biotechnology investment fund started in Seattle 11 years ago, has raised $51.1 million in capital as part of a first closing of its fourth fund. Accelerator also announced plans to expand operations in New York City with new offices at the Alexandria Center for Life Science in Manhattan’s East Side Medical Corridor…. Read More

Spencer Rascoff

Real estate dominance: 5 reasons why Zillow is paying a big premium to buy Trulia

Why did Zillow buy its longtime rival Trulia? Stock analysts, financial journalists and real estate professionals are chewing on that one today, pontificating on the blockbuster $3.5 billion all-stock deal. I’ve watched Zillow and Trulia aggressively compete since they were started nearly 10 years ago, engaging in messy patent fights and plenty of boastful talk. With those… Read More

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LightInTheBox streamlines workforce at Ador following acquisition

Ador, the Seattle-based online fashion startup formerly known as Lockerz, has streamlined its staff following an acquisition earlier this year by Chinese e-commerce company LightInTheBox Holdings. The number of layoffs were not disclosed, but a spokesman for LightInTheBox tells GeekWire that the Seattle office remains open. “LITB aims to reallocate and streamline its workforce from time-to-time… Read More

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As tensions rise, China investigates Microsoft offices

Chinese officials reportedly visited Microsoft offices in Beijing, Shanghai, Guangzhou and Chengdu, though no immediate reason was given for the investigations, according to Reuters. The visits by China’s State Administration for Industry & Commerce come at a time when tensions have risen between technology giants and China, sparked in part be revelations of  U.S. National Security Agency contractor… Read More