Apps, Acquisition | featured news

Content has become a large initiative on LinkedIn’s web property, but it hasn’t translated as well to its mobile apps. More users are shifting to mobile, and as the Pulse team was mostly focused on mobile, they can contribute to LinkedIn’s content efforts specifically on mobile platforms.

An app created by a UK teenager has been acquired by web giant Yahoo in a deal the BBC understands to be worth "dozens of millions" of pounds. Seventeen-year-old Nick D'Aloisio's Summly app summarises news stories from popular media companies.

Kevin Systrom's smartest move was to sell Instagram to Facebook early, before having to deliver even an iota of revenue. My prediction is that we’ll look back on Facebook's acquisition of Instagram as a bust—much in the same way we now view News Corp.’s purchase of Myspace, AOL’s purchase of Bebo, and Excite@Home’s purchase of Blue Mountain Arts.

Zynga is trying to provide some answers for its controversial acquisition of "Draw Something," a mobile game that was released only six weeks earlier and has since lost popularity.

Can a two-year-old photo sharing app really be worth $1bn? It would buy you some some 2,100 Rolls Royce Phantoms. Or 200 million mosquito nets to fight malaria. Or the whole of the New York Times company (with $50m change to spare). If you are Microsoft, it buys you some 800 AOL patents to fight the next patent war.

“OMG! A big Zynga group hug to OMGPOP, talented creators of Draw Something,” tweeted social games titan Zynga Wednesday. Apparently, in this universe, a “big Zynga group hug” translates to $180 million, the price that All Things D claims Zynga paid to acquire the makers of the most popular mobile Facebook app.

CNN announced Tuesday that it is acquiring Zite, a Canadian tablet software developer.

Random House, a unit of Bertelsmann, is buying Smashing Ideas, a digital firm that creates book apps.

The technology looks promising as it predicts what you wanna write even by not really paying attention to what you're typing lol...so Google scooped up the firm probably to add the technology in Android, let's hope at least they do.