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Gamestop Buys Kongregate

Kongregate Gamestop

Kongregate, a community with a firm back bone made up of thousands upon thousands of free games, is about to get even more backing thanks to its recent fusion with gaming giant Gamestop. But will this unlikely pairing hurt the Kongregate gaming community more than it will help? And what exactly does this mean for your beloved local Gamestop?

Kongregate (or Kong for short) averages over 10 million active users with more than 23 million hours of logged game time a month, and puts forward games provided by eager young developers. Indie developers are supported by Kong not only in having a platform to present their wares to such a large community, but also by given a share in ad and transaction revenue. The owners Jim and Emily Greer wholeheartedly support this community, and do their best to give developers and gamers the best possible community for them. They also believe that Gamestop wholeheartedly support the Kong community as well.

Read More | Kongregate via Gamasutra


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HP buys Palm, we want a webOS Slate

Palm Buys HP, that company that used to run the handheld business, after several attempts to solicit buyers/license its software to any bidders/play music on corners with its hat out for tips, finally has a new home.  announced yesterday that it will purchase Palm, Inc. to the tune of $1.2 billion. 

Several companies, including big-boy-in-the-market phone manufacturer , took a look at Palm and passed.  The webOS PDA platform that Palm has created, while beautiful and functional in its own right, just was not enticing enough to garner a lot of suitors in the smartphone market.

Click to continue reading HP buys Palm, we want a webOS Slate

Read More | HP Newsroom

Facebook buys FriendFeed

Posted by Andru Edwards Categories: Acquisitions, Social Media

Facebook Acquires FriendFeedThe social media Internets are all up in arms this afternoon with the news that FriendFeed has been acquired by Facebook. The full details were announced on the FriendFeed blog, and according to the press release, “all FriendFeed employees will join Facebook and FriendFeed’s four founders will hold senior roles on Facebook’s engineering and product teams.”

A lot of the recent Facebook feature additions have been borrowed from, or inspired by, FriendFeed, so the move only makes sense. It brings Facebook directly into the real-time web scene, as they take aim for Twitter.

There is a lot of speculation right now as to what exactly will become of the FriendFeed product, since there is quite a bit of overlap between what FriendFeed does and what Facebook does. Fans of FriendFeed fear that all the features will be rolled into Facebook, while FriendFeed ceases to exist. All we know for now is that “FriendFeed.com will continue to operate normally for the time being. We’re still figuring out our longer-term plans for the product with the Facebook team.” Kind of ominous, I know.

Still, if handled right, Facebook may become the standard for both connecting and real-time sharable status updates. Full press release after the cut.


Amazon acquires Zappos

Posted by Andru Edwards Categories: News

It has just been announced that has purchased the vastly popular Internet shoe retailer Zappos for $850 million. The sale, confirmed in a letter sent from Zappos CEO Tony Hsieh to his employees, was for $807 million in Amazon stock, plus $40 million in cash and restricted stock.

Amazon CEO Jeff Bezos has also given some feedback on the acquisition as part of a video that he put out today, embedded above.

You can check out the full press release, after the break.


Amazon to acquire Netflix to form digital movie powerhouse?

Amazon acquire Netflix stock is surging today due to a hot rumor that the company may be acquired by .

To the average Amazon consumer, this may be an odd pairing at first glance. However, as broadband penetration becomes more widespread throughout the US, digital movie download services will slowly drive a nail through physical disk media rental services. Both Amazon and Netflix offer movie streaming services right now. Many users of the Netflix service have complained about the lack of newer content being available. Amazon however, offers new movies for rent and download. Together, though, you have one hell of an offering.

A Netflix acquisition for Amazon would mean up airing of these two services, which in the eyes of many a digital downloader would be perfection.

Of course this is all rumor, and we won’t know for sure until something official comes out of either camp. However, looking at the stock surge, there certainly seems to be something up at Netflix. Do note, however, a similar rumor cropped up about two years ago, and nothing ever came of it.

Read More | Bloomberg

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