862 posts and columns on acquisition
News BytePtch, a mobile photo and video editing app that was created by a team spun out of DreamWorks, is shutting down so it can become part of Yahoo, the company told users today (co-founder Ed Leonard was already back at DreamWorks). Over the years, Yahoo has bought various video editing startups, including Jumpcut and more recently Qwiki. Ptch closes down Jan. 2.
News Byteregulatory filing, Yahoo said that it completed its previously announced offering of $1.25 billion in convertible senior notes due in 2018. The Silicon Valley Internet giant said it would use the net proceeds for a number of corporate purposes, including “acquisitions or other strategic transactions, additional repurchases of common stock and working capital.”
News BytePasswordBox, the password management tool that recently raised funding, has acquired Legacy Locker, a five-year-old service that allows people to store an encrypted page of passwords and important documents to share with loved ones when they die. One interesting part of the deal (terms were not disclosed) is that all info from Legacy Locker accounts will be deleted, as it was deemed unwise to port an encrypted database. Users will have the option to reregister for the service as part of PasswordBox.