Latest news with #TechAcquisition
Bloomberg
11-06-2025
- Business
- Bloomberg
DoorDash to Buy Symbiosys to Boost Its $1 Billion-a-Year Ad Unit
DoorDash Inc. is adding to its recent buying spree by acquiring advertising tech firm Symbiosys for $175 million, bolstering an ad business that now generates more than $1 billion annually. Symbiosys, founded by former Google ads product director Bashar Kachachi, lets retail brands run advertisements on major websites like Google search, YouTube, Facebook, Instagram and Pinterest. Acquiring the firm would allow DoorDash to offer its advertisers, which include more than 150,000 restaurants and consumer brands globally, to manage their ad placements on external sites like social media, in addition to the DoorDash app and website.
Yahoo
22-05-2025
- Business
- Yahoo
OpenAI to Acquire iPhone Designer Jony Ive's AI Startup in $6.5 Billion Deal
ChatGPT maker OpenAI announced plans on Wednesday to acquire io, the AI startup launched by former Apple design head Jony Ive. The deal is valued at just under $6.5 billion, with OpenAI paying $5 billion after accounting for its existing stake in the company. OpenAI CEO Sam Altman said the companies will "try to create a new generation of AI-powered computers."Microsoft (MSFT)-backed ChatGPT maker OpenAI announced plans on Wednesday to acquire io, the artificial intelligence startup launched by former Apple (AAPL) design head Jony Ive. The all-stock deal is valued at just under $6.5 billion, with OpenAI paying $5 billion after accounting for its existing stake in the company. The companies said in a Wednesday blog post that the 'creative collective' started by Ive, LoveFrom, started collaborating with OpenAI two years ago. 'It became clear that our ambitions to develop, engineer and manufacture a new family of products demanded an entirely new company,' Ive and OpenAI CEO Sam Altman said in the post. 'As io merges with OpenAI, Jony and LoveFrom will assume deep design and creative responsibilities across OpenAI and ios,' they said, with plans to debut their first product next year. Altman said on social media Wednesday that the companies aim to 'try to create a new generation of AI-powered computers.' Read the original article on Investopedia
