Internet, Acquisition | featured news

With all the talk about excessive compensation, ponzi schemes and the nasty side of Steve Jobs, it might be easy to assume that all successful CEOs are jerks.

Facebook is spending $1 billion to buy the photo-sharing company Instagram in the social network's largest acquisition ever.

Amazon.com Inc said on Monday it agreed to buy Kiva Systems Inc for $775 million in cash, a deal that will bring more robotic technology to the e-commerce company's giant network of warehouses.

Twitter just announced that it has acquired Posterous, the YCombinator-backed blogging and sharing platform that competed early on with Tumblr.

Terms of the deal weren't disclosed.

Well, well, well. A ‘little bird’ apparently informed Reuters reporter Felix Salmon that CNN is buying Mashable, a blog that covers social media-related news, a lot of lists about anything from the funniest cat videos of the day to the most pinteresting Pinterest pinboard of the hour and whatnot, often with the CAPS Lock key turned on for the headlines, for “upwards of $200 million”.

Groupon has acquired Hyperpublic, snapping up the two-year-old location-based technology start-up amid a growth spurt at the daily deals service.

Yahoo Inc and its Asian partners, China's Alibaba and Japan's Softbank Corp, have called off talks over a tax-free sale of the U.S. company's Asian assets, a source familiar with the situation told Reuters.

Google’s $12.5 billion acquisition of cellphone maker Motorola Mobility has won approval of European antitrust regulators, moving Google one step closer to completing the biggest deal in its 13-year history.

European Union antitrust regulators on Monday approved Google’s acquisition of the U.S. cellphone maker Motorola Mobility without conditions, but added a stern warning: Play fair in markets for smartphones and tablet computers, or face tough sanctions.

Disney is buying Babble Media, whose website carries news for parents and blogs written by moms and dads, in a deal that could further blur the line between advertising and blogs.