Just a little more than a week after acquiring Beats, Apple has now reportedly acquired Spotsetter. According to a report out of TechCrunch, Apple quietly snatched up the company mainly for the technology and two founders behind the service. Spotsetter was founded in 2012 by ex-Google Maps engineer Stephen Tse and Jonny Lee. Both Lee and Tse’s LinkedIn profiles now say they’re employed by Apple, as well.
Update: A spokesperson for Beats Music confirmed to us that “Trent Reznor is still with Beats Music.”
Jimmy Iovine has long credited Nine Inch Nails frontman and Beats Music Chief Creative Officer Trent Reznor as a driving force behind the success of the service. Reznor, however, is now rumored to have left the company as it finalizes its $3B sell to Apple. The news comes from a line in a USA Today report over the weekend that curiously doesn’t mention a source of the information:
(Curiously, Beats’ chief creative officer, Trent Reznor, the singer-songwriter and producer of Nine Inch Nails fame responsible for Beats’ tastemaking, has reportedly left the company. Also, one of Beats’ principal technology executives, Fredric Vinna, has recently gone to Spotify, and its co-founder, Ola Sars, to a Spotify-backed venture.)
While it was previously reported that the Apple buyout of Beats Electronics was supposed to be announced this week, Billboard has compiled a list of five different reasons the deal isn’t yet finalized according to its own sources.
A few of these potential hold-ups include issues determining Beats’ valuation and issues with finding a place for Dr. Dre and Jimmy Iovine to fit into Apple’s corporate structure. According to one of Billboard’s sources, Apple’s executives were “freaked out” by the video that surfaced a few weeks ago of Dr. Dre and Tyrese Gibson (accidentally) confirmed that a deal was in the works.
Apple has acquired Burstly, the company behind the popular beta testing platform Test Flight, TechCrunch reported (now confirmed by Recode). TestFlight recently pulled its SDK as well as Android support prompting speculation that big changes were on the horizon. Some speculated that an Apple acquisition could behind it all and would make sense considering the fragmented beta testing experience for app developers. While neither company has commented publicly confirming the acquisition, we were pointed to hints of the acquisition just before TechCrunch reported the rumor as likely and later updated its reporting to note that the acquisition had already occurred… Read more
Google has confirmed in a press release that it is acquiring Nest Labs, the company behind Nest smart thermostats and fire alarms started by Father of the iPod Tony Fadell. Earlier reports were quickly confirmed along with the transaction price of $3.2 billion in cash in an official announcement posted on the company’s Investor website. In the statement, Google said that Fadell will be staying on board as a Google employee and continuing to run Nest:
Globes reports that Apple has completed its purchase of PrimeSense, the Israel-based firm behind the technology in Microsoft’s Kinect sensor, and Apple confirmed the acquisition to AllThingsD. As noted earlier this year, the deal will cost Apple somewhere between $300-350 million. PrimeSense previously denied any talks with Apple.
On Friday, the acquisition of Israeli gesture recognition company PrimeSense Ltd. by Apple Inc. (Nasdaq: AAPL) was closed. The deal, which has not been formally announced, was made at a company value of $300-350 million, and follows lengthy negotiations by PrimeSense with several potential buyers.
The sensor firm is no longer working with Microsoft, as the Xbox manufacturer has moved to all in-house work for its latest Kinect-based technology. With Apple reportedly working on a gesture-controlled 3D interface, possibly for some sort of television-related product (or a media hub to rival the Xbox One, perhaps?), the PrimeSense purchase makes perfect sense.