“When the facts change, I change my mind. What do you do, sir?” - John Maynard Keynes
Google’s acquisition of DoubleClick seems to have been the trigger of a lot of acquisition activity (Microsoft-Acquantive, WPP for 247/ Real Media, Yahoo for Right Media, AOL for AdTech). It seems like the prices are getting really rich (and I’m an apologist for eBay-Skype and Google-YouTube). Of course there is a fair amount of strategy behind each deal, one can at least hope, but the strategic rationales for the high prices Microsoft and WPP paid aren’t obvious to me.
It’s hard to identify talent, but great people don’t look for jobs, great people are sold on jobs. And if they’re sold they’re going to say no at first. You have to win them over. - Joe Kraus, co-founder of Excite (in Founders at Work)
Yesterday I got my hands on an early beta of the music player Spotify. Spotify aims to be an an ad-financed iTunes-like client connected to a large archive of songs that are streamed via encrypted P2P technology. The client and streaming technology is great and once/if the rights issues are solved Spotify is the program this side of Skype most likely to generate a 100 million downloads. See my Swedish blog for a longer post.
BitTorrent, Inc to acquire Swedish uTorrent AB. “Together, we are pleased to announce that BitTorrent, Inc. and µTorrent AB have decided to join forces. BitTorrent has acquired µTorrent as it recognized the merits of µTorrent’s exceptionally well-written codebase and robust user community. Bringing together µTorrent’s efficient implementation and compelling UI with BitTorrent’s expertise in networking protocols will significantly benefit the community with what we envision will be the best BitTorrent client.”
The number 1 and number 3 torrent clients join forces. Maybe this is one of the reasons BitTorrent, Inc raised $20 million?
“Chance favors the prepared mind” — Louis Pasteur