Starbucks got the coffee right. Now, it is trying to do the same with the food. The world’s largest coffee chain announced on Monday plans to acquire for $100 million a small artisan bakery chain, Bay Bread and its 19-unit La Boulange bakery brand. The move comes just months after Starbucks (SBUX) purchased the tiny …
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Folks with several hundred million dollars and outspoken opinions have been buying up newspapers. The Omaha Herald, San Diego Union Tribune, Portland Press Herald, and Philadelphia Inquirer. At the end of last year, Warren E. Buffett bought The Omaha World-Herald through his company, Berkshire Hathaway. This would be the same Mr. Buffett who told his …
Continue reading “The return of the newspaper barons – very rich (and political) owners”
The game is super fun and addictive. The first time I opened the iPhone app I played for an hour and a half. I drew all sorts of ridiculous things with my finger, which made them horribly bad, but also over-the-top funny. The game has become so popular in the last 6 weeks that Zynga …
Some interesting thoughts from Om Malik, founder of GigaOm, after their latest acquisition. He hints that while everyone can blog only certain websites can grab users attention and continue to do so. Media is the new Wild West We are quite strategic about our acquisitions — we acquire media entities only if we love the …
Three months after the acquisition of Gowalla by Facebook, the company has officially closed it doors. The screenshot below can be found on the location startup turned travel guide‘s homepage. Gowalla launched in 2009 and raised approximately $10 million. Facebook’s acquisition price hasn’t been disclosed but is rumored to be primarily Facebook stock. via TNW …
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The common advice would be to acquire some hot property like Twitter, Pandora, or Hulu. Doing so would satisfy Wall Street’s insatiable hunger for greedy growth, but wouldn’t be all that strategic. Another idea would be for Apple to invest in itself. A post over on Business Insider highlights this using a thread on Quora. …
Continue reading “How could Apple spend its $51 billion cash?”