| Mobile Minute: The Mobile Minute is sponsored by SpiderCloud Wireless. Mobile app acquisitions are making headlines, with two new deals announced this week and a third hitting a possible snag. Intuit is buying mobile app Check for $360 million, or about 18 times expected 2014 revenue. Check, a mobile app that allows users to manage and pay bills from their smartphones, has roughly 10 million users. Microsoft is buying Capptain, a French software firm that helps developers monetize mobile apps. Microsoft did not disclose the purchase price. The software giant plans to integrate Capptain into its Azure cloud services unit. Finally, Facebook’s plan to buy WhatsApp is troubling to some European carriers who are concerned about competing with Facebook in the mobile messaging market. Facebook is apparently worried that those concerns will trickle up to European governments, and that some of them may not approve the deal. So Facebook has gone straight to the European Commission, asking that body to approve the merger and override all individual government regulators. Of course the biggest acquisition this week is Apple’s $3 billion purchase of Beats. For more on what the deal means for Beats subscribers, watch today’s video below. |
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Mobile app M&A (RCR Mobile Minute)
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