Sources close to to acquisition talks between Yahoo and Tumblr say the blogging platform feels that Yahoo's $1.1 billion offer as "too low" and view it as "only a first offer". Yahoo may have to significantly increase the offer to close the deal. An acquisition by some tech giant is likely in the cards for Tumblr, though, as sources say the company only has a couple of months of cash runway left.
Today, thanks to the maturation of the web, digital tech, and smartphones now in seemingly every pocket, startups are finding it easier than ever before to build scalable solutions to finally address the many inefficiencies in our food manufacturing, production and distribution systems.
As interest in food tech balloons, one area in particular appears to already be at the tipping point: Online and mobile food delivery. Over the last few days, we've hearing about a merger between two of the largest companies in the space. Rumor has it that "arch rivals" GrubHub and Seamless are in talks which could see them join forces as part of a merger. While our sources tell us that the talks are serious, the terms of the merger are not yet clear and, of course, any potential deal could fall through.
Oh HTC. You've produced one of the finest Android smartphones ever (seriously, just look at all these reviews), but you've faced more than your share of challenges when it came to actually pumping your top-tier One smartphone. As it happens, that may all soon change.
FocusTaiwan reported earlier today that HTC is preparing to pump out more of its wonderful Ones in short order -- Jack Tong, the company's North Asia president, noted that this month's production capacity for the flagship device is twice that of April, and that surge will only continue into June.
Google made a relatively quiet announcement today regarding how it's pushing the developer ecosystem forward around Google Now, its intelligent personal assistant for Android devices. The company has begun extending mark up tools for emails from select partners, which help highlight flight schedules, hotel bookings and various types of reservations, to make sure that Gmail can spot that information and use it to auto-generate helpful reminders in Google Now.
Just about six months ago, Uber won a big battle with D.C. regulators to have its on-demand car service approved for operation within the nation's capital. But new regulations from the D.C. Taxi Commission could severely hamper the company's ability to offer low-cost services in the nation's capital.