HootSuite acquires Seesmic
The companies don’t disclose valuation. Seesmic’s latest incarnation, as a social media cross-posting tool, is in line with HootSuite’s business. VentureBeat reports that Seesmic has 30,000-40,000 uniques a month and may be treated as a new product by HootSuite. HootSuite CEO Holmes:
I have always had a lot of respect for Seesmic’s CEO, Loïc Le Meur, and the role Seesmic has played in advancing social business. We are thrilled to welcome Seesmic’s users into the HootSuite family.
Starts Uncrunched
Arrington starts a new blog after being removed from TechCrunch:
Now I’ve got a new pen, though. And a blank slate. Infinite choices, I get to choose my own path. All that jazz.
So as William Shatner would undoubtedly ask if I gave him another $149, what exactly am I going to do here at Uncrunched?
I’m going to do the same thing I’ve been doing since 2005. I’m going to write about startups, and the people who build them, and the people who fund them, and the people who use them.
Starts CrunchFund
Arrington starts the fund with $20 million. He will run it with Gallagher and Siegler. Arrington:
I don’t claim to be a journalist. I hold myself to higher standards of transparency and disclosure.
He will take a reduced role at TechCrunch but continue to report to Huffington. Investments will be disclosed on the blog. AOL is putting about $10 million into the fund. Armstrong:
We have a traditional understanding of journalism with the exception of TechCrunch, which is different but is transparent about it.
Dogster acquisition
Say Media buys the company. Financial terms aren’t disclosed. Say Media:
This acquisition marks an important milestone in the evolution of our company
AOL acquires TechCrunch
The company annouces the acquisition along with the purchases of instructional video site 5min and Thing Labs Inc. People familiar with the deal say it paid around $30 million for TechCrunch. Arrington is retained on a multi-year deal. AOL chief executive Armstrong:
The one thing that doesn’t change is people’s consumption of content.
Starts TechCrunch
0 0 reuben reuben2014-10-23 21:14:282015-02-12 10:06:57Starts TechCrunchCo-founds Achex
Arrington co-founds the payments provider and serves as its VP for business development, and general counsel.