Deadline are reporting that The Weinstein
Company have snapped up the UK and Australian distribution rights to «The Grandmasters».
In recent months,
the company has snapped up smaller online retailers, including last week's deal for outdoor e-commerce site Moosejaw.
Back in 2013, it was announced that Chris Columbus» 1942 Pictures production
company had snapped up the remake rights to André Øvredal's rather fantastic found footage monster movie Troll Hunter, tapping Neil Marshall (Dog Soldiers, The Descent) to direct.
Those reports from the summer that Volvo's parent
company had snapped up flying car startup Terrafugia?
Village Building
Company has snapped up a DA approved residential site for in excess of $ 9m with capacity for 60 units, six villa homes plus 118 car parking spaces.
Not exact matches
Or countless other
companies abroad who
have been
snapped up by foreign competitors.
Snap VP of content Nick Bell told the Wall Street Journal, «We wanted something as premium as television itself,» explaining that the
company had to guide the programming providers to make content worth watching on its own.
It
would also follow another recent IPO win for NBCUniversal: The
company invested $ 500 million in
Snap (snap), the parent company of social media app Snapchat, making NBCUniversal a major beneficiary when Snap went public earlier this month in the hottest IPO of 2017 so
Snap (
snap), the parent company of social media app Snapchat, making NBCUniversal a major beneficiary when Snap went public earlier this month in the hottest IPO of 2017 so
snap), the parent
company of social media app Snapchat, making NBCUniversal a major beneficiary when
Snap went public earlier this month in the hottest IPO of 2017 so
Snap went public earlier this month in the hottest IPO of 2017 so far.
Snap, Inc.
has made deals with large media
companies to introduce original TV - like programming to the
company's flagship app Snapchat, the Wall Street Journal reported on Thursday.
NBCU invested $ 200 million in Vox in 2015, one of a flurry of investments into digital
companies by the Comcast (cmcsa) unit, which
has put $ 400 million into BuzzFeed and most recently invested $ 500 million as part of
Snap Inc's initial public offering last week.
The
company has also been on a shopping spree,
snapping up smaller e-commerce players like ModCloth, Moosejaw, and Bonobos.
If
Snap spawns something like the» PayPal mafia» — PayPal alumni
have gone on to launch billion - dollar
companies like Palantir, LinkedIn, and Yelp — the Los Angeles startup community could give Silicon Valley a run for its money.
With the possible exception of social media
company Snap, these
companies — a carmaker, a phone maker and a music streaming app —
have little to do with WeChat and video games, all part of Tencent's core businesses.
Companies like Facebook and
Snap on the social media side, and Google and Microsoft on the platform side
have already captured large segments of the marketplace, he says.
Since 2006, Stingray
has completed more than 20 acquisitions to expand abroad,
snapping up
companies in Europe, Israel and Australia.
Wall Street
has fallen as healthcare stocks slid and investors worried about rising costs for
companies as oil prices rose, although the major indexes eked out a gain in April to
snap a two - month losing streak.
Pony Ma's
company, Tencent,
has moved with the stealth of its founder this year, making a series of investments in Western
companies that are significant, but not splashy: A 5 percent stake in Tesla, a 10 percent stake in
Snap, an investment in Essential Products, and now, reportedly, a 10 percent stock swap with Spotify.
Shares of popular messaging service
Snap gained 2 % on Wednesday after a regulatory filing appeared to show the
company has a followup coming to its $ 130 Spectacles camera glasses.
It's the day technology
companies and investors
have been waiting for:
Snap, the parent
company of disappearing - photo app Snapchat,
has finally priced its stock in the most highly anticipated initial public offering in years.
That means that
Snap stock will be insanely expensive: At a $ 24 billion valuation,
Snap shares will
have a price - to - sales ratio of 59, making it far richer than Facebook stock and other social media
companies — and likely the most expensive tech IPO ever.
Also, in an unprecedented move for U.S. publicly traded
companies,
Snap stock will
have zero voting rights.
Snap has long trailed rival social media
company Facebook in daily active users, and is still far from profitability.
As the Wall Street Journal noted on Thursday, Snapchat parent
company Snap Inc.
has signed development deals in the past year with Walt Disney's ESPN, Discovery, the NFL, A+E Networks, Time Warner's Turner Broadcasting, and Vice Media, while the
company is also reportedly in discussions with CBS and 21st Century Fox.
Snap and its co-founders, Evan Spiegel and Bobby Murphy,
have pledged to donate up to 13,000,000 shares of Class A common stock over the next 15 to 20 years to a foundation to support arts, education and youth, the
company revealed in its S - 1 filing Thursday afternoon.
Snap also revealed that it will spend $ 2 billion with Google Cloud over the next five years and
has custom built its software and computer systems to use Google's computing, storage, bandwidth, and other services, some of which do not
have an alternative in the market, the
company said in the S - 1 filing.
For a tech
company pre-IPO, these numbers aren't surprising, but there are good reasons to think that
Snap may
have trouble scaling up to the multi-billion dollar revenue
company its valuation implies it'll become.
The fact that these are owned by the same
company doesn't seem to bother these people - but it should bother
Snap, considering that Messenger and its new Messenger Day feature
has put
Snap on the defensive.
Since
Snap's initial public offering, Facebook
has relentlessly rivaled the social media
company, offering free advertising spots on Instagram to
companies that pay to advertise on
Snap.
This year
has seen a string of successful technology IPOs, including
Snap and enterprise software
company MuleSoft in March, breaking last year's dry spell.
Past reports
have suggested that
Snap, the
company behind the popular ephemeral messaging app Snapchat, is aiming to go public next year.
Ohanian said, «I
'd be long on
Snap» which calls itself a camera
company.
Under its new name,
Snap, the Los Angeles
company hasn't stopped defying convention.
According to a report from Deadline, the
company has permanently shut down
Snap Channel, the name of its own content in Discover, leading to the departure of much of the team, including head of program planning and development Marcus Wiley.
Snap Inc., the parent
company behind Snapchat,
has finally revealed how and where it will sell its new Spectacles to the public: through vending machines called «Snapbots.»
Facebook
has taken that approach for several years,
snapping up venture - backed
companies Instagram, WhatsApp and Oculus.
FBN Securities initiated coverage on
Snap, saying Facebook
would love to buy the
company for at least $ 20 billion or $ 14 a share.
The
company's current solution is to cut back on production for some items and hire more salespeople to improve in - store displays for its cereals — presumably so Americans will
have a harder time ignoring the desperate cries of
Snap, Crackle, and Pop on the way to get some Chobani.
Snap, Inc. is Snapchat's new corporate name because the
company now
has a second product: A pair of sunglasses equipped with a video camera, marking its entry into the hardware business.
Snap's top competitor, Facebook (fb),
has been profitable for as long as it
has been a public
company.
As it
has expanded into mobile, analytics and second - screen viewing, the seven - year - old social network
has snapped up
companies that can help it further its goals, from under - the - radar outfits such as Ubalo to larger
companies such as Crashlytics, which reportedly sold for nine figures.
A share sale by San Francisco - based Dropbox, one of a closely watched group of high - profile private tech
companies with multibillion - dollar valuations,
would follow
Snap Inc.'s disappointing step into the public markets.
As we
've seen with Instagram's relentless copy - cat approach over the past year, another big risk for
Snap is that the Facebook - backed
company — or even Facebook itself — will simply move in on its market even further and suck all of the oxygen from the room when it comes to video.
Right now, most Canadian tech
companies are
snapped up by foreign firms before they
have a chance to grow.
The
company just announced that its $ 99 - a-year membership program now comes with free, unlimited photo storage in the Amazon Cloud drive (great for the
snap - happy among us), but the real news is that Amazon Prime's free - shipping benefits will start bleeding out to other shopping websites, a move that
has been in the works for some time now.
The new offerings will aim to integrate the expertise of
companies that IBM
has snapped up in recent years, including Truven Health Analytics, Phytel, and Explorys.
Indeed, if
Snap had an analog in the pantheon of social media
companies, it wouldn't be Facebook, but rather Twitter — um, and that's not a good thing.
Again, looking at
Snap, the camera
company opened to markets at a price of $ 23 despite
having an IPO price of $ 17 a share the night before.
Khan, only at
Snap for about two years,
has been granted $ 145 million worth of shares, the
company said in a filing on February 2.
Khan, 39, joined
Snap in early 2015, in part to help chart the
company's path to an initial public offering, though his official role
has been to build up revenue, expand the business, and run ad sales.
While Tesaro is remaining publicly coy for now, a buyout
has always been in the cards as big pharma
companies continue to
snap up biotechs that
have already done drug development legwork for them.