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

Zillow for Pros

Zillow buying Trulia: An industry perspective

Zillow announced that it plans to buy Trulia today for $3.5 billion, positioning the combined company as the unquestioned leader in the online real estate space. What does this deal mean for the real estate industry? And, more specifically, what does it mean for the real estate brokerages and agents who are their paying customers like… Read More

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Zillow pays $3.5 billion for longtime rival Trulia

Zillow is paying $3.5 billion to acquire Trulia, a whopping deal that will bring together the two long-time rivals and create a powerhouse in the online real estate industry. The companies announced the deal — first reported by Bloomberg News last week and the biggest acquisition in Zillow’s 9-year history — this morning. “We obviously… Read More

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Realogy buying ZipRealty for $166 million, a valuation that could give Redfin pause

Realogy Holdings, which operates brands such as Coldwell Banker, Century 21, ERA and Sotheby’s International, is adding another one to its lineup. Madison, New Jersey-based Realogy today announced that it has entered into an agreement to buy publicly-traded ZipRealty for $6.75 per share in an all-cash deal valued at $166 million. “The acquisition of ZipRealty… Read More

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18-year-old Seattle retailer OnlineShoes.com finds a buyer, merges with ShoeMe

OnlineShoes.com, a Seattle online retailer of footwear that got its start in 1996 a year after Amazon.com emerged on the scene, has been acquired by Canadian entrepreneur Roger Hardy. Hardy Capital Corp. is buying the online retailer for an undisclosed sum, joining with a group of Canadian investors. They’ve also purchased Vancouver, B.C.-based ShoeMe.ca, with… Read More

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Expedia buys Australian travel firm for $658M, tamps down ‘inaccurate’ eLong rumors

Expedia is making waves overseas. The Bellevue-based online travel giant announced Monday morning that it plans to buy Australian online travel company Wotif.com for $658 million in cash. Wotif Group operates online travel brands in the Asia-Pacific such as Wotif.com, lastminute.com.au, travel.com.au, Asia Web Direct, LateStays.com, GoDo.com.au and Arnold Travel Technology. Wotif Group recorded $555… Read More

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IPO market for venture-backed companies remains strong, but M&A deals slow

It’s still a good time to go public. Twenty-eight venture-backed companies completed initial public offerings during the second quarter, raising $4.9 billion. That was a 45 percent increase in dollars raised compared to the previous quarter, according to an analysis by Thomson Reuters and the National Venture Capital Association. It was the fifth consecutive quarter… Read More

aplental65

Google just quietly bought this stealthy Seattle startup led by ex-Clearwire researchers

Sometimes startups attract corporate attention after releasing cutting-edge products, or nailing down key customers. Others get gobbled up before they ever really get going. The latter situation appears to be the case with Alpental Technologies, a stealthy Seattle area startup that was just recently acquired by Google. Haven’t heard of Alpental? Don’t worry. Not much… Read More

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Shares of Move Inc. jump on speculation of Trulia buyout

Trulia Inc. is still digesting Market Leader following last year’s $355 million acquisition of the Bellevue online real estate company. Now, could Trulia be on the prowl for an even bigger fish? According to a Benzinga report citing an unnamed source, San Francisco-based Trulia could be angling to buy Move Inc. for as much as… Read More

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Priceline gobbling up OpenTable for $2.6 billion

The Priceline Group has quite the appetite for acquisitions. Two days after buying Seattle hotel marketing startup Buuteeq, the Norwalk, Conn.-based travel giant announced that it has entered into a deal to buy OpenTable for $103 per share in an all cash deal valued at $2.6 billion. Priceline’s Darren Huston called OpenTable a great match…. Read More

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Priceline buys Seattle hotel marketing startup Buuteeq

  Buuteeq, a Seattle startup that powers the Web sites for hotels around the world, was acquired today by Priceline in a deal of undisclosed size. Buuteeq will continue to operate as an independent business within The Priceline Group, joining other units such as Booking.com and Kayak. “We are delighted to welcome Buuteeq as the… Read More

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Google buying satellite startup Skybox Imaging for $500M

Google says it will pay $500 million in cash for Skybox Imaging, using the company’s satellites and related technology to improve its Google Maps service. The deal was announced by the search company a few minutes ago. In a post about the news, Skybox says, “We’ve built and launched the world’s smallest high­-resolution imaging satellite, which collects… Read More

Sprint and T-Mobile coverage areas

A T-Mobile and Sprint tie-up will look more pink than yellow

What do you get when you mix the third-and-fourth-largest wireless phone carriers together? You get a combined wireless carrier that serves about 100 million subscribers and a coverage area that nearly blankets the U.S. (It’s closest rivals AT&T and Verizon Wireless are both nationwide and have 100 million subscribers apiece.) In the map below, provided by Mosaik… Read More

Double Down

Double Down Interactive parent IGT reportedly exploring sale

International Game Technology, the Las Vegas-based casino game maker, is looking for a buyer, according to a report today in Reuters. The company, which in early 2012 paid up to $500 million for Seattle social gaming powerhouse Double Down Interactive, currently boasts a market value of $3 billion. IGT’s value has dropped about 21 percent… Read More

Robbie Cape

Time Inc. buys family scheduling app Cozi

Seattle startup Cozi, founded in 2005 by former Microsoft manager Robbie Cape, has been acquired by Time Inc. in a deal of undisclosed size. The company, with about 10 million users, developed a Web site and mobile application designed to help families better schedule activities. “Cozi is a terrific fit for Time Inc.,” said Time… Read More

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Microsoft buys Paris startup Capptain to better analyze mobile app usage

Microsoft is buying Capptain, a small Paris-based startup that helps mobile developers get a better sense of how people are using their applications. Terms of the deal — announced today on the Capptain Web site — were not immediately known. The Capptain service analyzes user behavior within apps, and then compiles push notifications with specially-targeted messages,… Read More

Microsoft CEO Satya Nadella. (Microsoft file photo)

What should Microsoft buy? 10 companies for Satya Nadella’s shopping list

The market for tech mergers and acquisitions is strong right now. Facebook is acquiring Oculus. Comcast is buying Time Warner Cable, and AT&T is combining with DirecTV. Not to mention all the rumored deals in the works, including the latest — a report that Google’s newly acquired Nest division is itself interested in acquiring connected home camera… Read More

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Mike McSherry departs Nuance three years after selling Swype for $100 million

Mike McSherry, a Seattle start-up veteran, has left Nuance Communications nearly three years after the company purchased Swype, GeekWire has learned. Swype is famous for building a mobile keyboard that allows you to type on touchscreens by tracing your finger along the glass. The technology rose in popularity right as phones with physical keyboards were going out of style. The Seattle-based start-up… Read More

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Microsoft’s Xbox loses Twitch to Google’s YouTube (and why that matters)

Google has reportedly beat out Microsoft and others to reach a deal to buy Twitch, a popular videogame streaming company. The acquisition, which is expected to cost $1 billion, according to Variety, will give YouTube a war chest of content that appeals to the hardcore gamer. Over the past three years, San Francisco-based Twitch has become the ESPN of… Read More

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Walmart’s shopping spree continues as its online sales grow faster than Amazon’s

Walmart’s technology investments are starting to pay off — at least a little bit. For the first time in a decade, the mega retailer’s online revenues are growing faster than its archenemy Amazon.com, according to The Wall Street Journal. Global Internet sales at Wal-Mart Stores rose by 30 percent for the year ended Jan. 31, exceeding Amazon’s growth rate of… Read More

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T-Mobile adds another 2.4M customers in record quarter, within shouting distance of Sprint

T-Mobile added a net total of 2.4 million customers in the first quarter — the biggest growth in its history — including record expansion of 1.3 million customers in the coveted category of branded postpaid accounts. The continued growth takes the Bellevue-based wireless company to more than 49 million customers overall, up from 34 million a year ago. T-Mobile is… Read More