Google Inc.’s $3.2 billion purchase of a digital thermostat maker may jump-start a multibillion- dollar race to acquire companies that are powering the rise of Web-connected devices across homes, cities and workplaces.
Yelp Inc., a site featuring user reviews of restaurants and businesses, filed to raise as much as $100 million in a 2012 initial public offering, seeking to become the latest unprofitable Internet company to go public.
Globalstar Inc., the provider of satellite-phone services that’s traded below $1 since 2011, now offers investors the chance for returns of at least 30 percent in a takeover thanks to its coveted airwaves.
Apple Inc.’s potential entry into Internet radio is poised to put online music pioneer Pandora Media Inc. on the takeover wish lists of companies from Google Inc. and Amazon.com Inc. to Clear Channel Communications Inc.
Millennial Media Inc., the seller of advertising space on smartphones that went public last year, is now 47 percent cheaper for companies such as Yahoo! Inc. and Microsoft Corp. that want to expand their share of the market.
Go Daddy Operating Co., the website registration and hosting company known for its salacious Super Bowl commercials, may sell shares to the public as early as next year, Chief Executive Officer Blake Irving said.