Money Matters - Simplified


Betaworks acquires popular “read-it-later” service Instapaper

Nine months after Betaworks, the New York-based development house and accelerator acquired the flagging news hub Digg, it has bought a majority stake in Marco Arment’s popular read-it later service Instapaper.

Facebook acquires facial recognition startup for $ 100 million

Finally all speculations have been put to rest. Facebook has announced its acquisition of Israeli facial recognition technology The acquisition price was around $100m, with different reports claiming the price to be between $80m-$100m.

Google acquires Metaweb

Mountain View, Calif. -- U.S. search-engine giant Google said Friday it acquired Metaweb, a company Google said "maintains an open database of things in the world."

The purchase was announced by Jack Menzel, Google's director of product management, on the company's blog.

"Today, we've acquired Metaweb, a company that maintains an open database of things in the world," Menzel wrote. "Working together we want to improve search and make the web richer and more meaningful for everyone."

The acquisition will allow Google to answer more involved questions, such as colleges meeting tuition requirements, or multiple-Oscar winning actors and actresses.