Zagg purchases Mophie for US$100 million

It’s a joining together of mobile accessory makers. Mobile accessory manufacturer Zagg has bought phone battery case maker Mophie for at least US$100 million, which could change figures later depending on the sales figures of Mophie. “This strategic combination of two industry innovators with complementary product, brand and distribution platforms will enable us to deliver increased value for our customers and shareholders,” Randy Hales, president and chief executive officer of Zagg, said in a statement. Mophie first gained popularity as a battery case for iPhones but later expanded to Android devices and then to standalone battery packs.

Source: Engadget

Pandora acquires RDIO music streaming service for US $75M

RDIO, one of the pioneering streaming music services has been purchased by Pandora for US $75 million. Pandora, it appears, plans to cannibalize RDIO and use it for parts to improve its service. Pandora said in an announcement that the acquisition includes “technology and intellectual property from Rdio.”

Pandora, which isn't available in Canada, has been facing stiff competition from streaming music leader Spotify and new entrant Apple Music  which are gaining popularity and being Internationally available. The streaming music industry has surpassed CD sales and even online music sales for the first time this year. 

Source: Variety

Fossil buys wearable maker Misfit for $260 million

Looks like more watchmakers are now ready to enter the wearable space. This time, Fossil Group just announced that they have agreed to purchase wearable maker Misfit for US$260 million. The company plans to incorporate Misfit’s technologies into its products as early as next year. Misfit CEO and co-founder Sonny Vu will become president and CTO of Fossil Group. The company produces watches for brands such as adidas, Emporio Armani, Michael Kors, DKNY, and Burberry.

“With the acquisition of Misfit, Fossil Group will be uniquely positioned to lead the convergence of style and technology and to become the fashion gateway to the high-growth wearable technology and connected device markets." Kosta Kartsotis, CEO of Fossil Group said in a statement.

Source: The Verge

iPhone video app developer joins Google’s Photos team

Google’s latest acquisition used to make iOS-exclusive apps. Fly Labs, which has created apps like Fly, Tempo, Clips and Crop on the Fly, will be joining Google Photos team. According to the New York City-based company, “We’re excited to continue on our mission by joining Google and the Google Photos team in Mountain View, California. Google Photos is a home for your life’s memories, powered by Google’s machine learning and computer vision technology. It’s a perfect match for what we built at Fly Labs, and we’re looking forward to folding our technology into Google Photos. We’ll be pouring the same passion into Google Photos that we poured into Clips, Fly, Tempo and Crop on the Fly.”

They didn’t say how much Google bought their company for but their apps on iOS will remain free to download and use but they will not update it and it will be removed from Apple App Store within three months.

Source: Fly Labs | Via: Android Central