Hulu buys back AT&T’s minority stake in streaming service now valued at $15 billion
Hulu has paid $1.43 billion to buy AT&T’s minority stake in the streaming video company. The companies announced Monday that the transaction valued Hulu at $15 billion. As a result, AT&T’s 9.5 percent stake in Hulu was worth $1.43 billion. The valuation is two-thirds higher than last November when Disney reported in a regulatory filing that the streaming video company was worth $9.26 billion. Hulu is owned by Hulu LLC, a joint venture of Disney and Comcast. Disney now has a 67 percent ownership of Hulu, which it gained, in part, through its $71 billion acquisition of 21st Century Fox. Comcast has a 33 percent stake in Hulu. (Fonte: TechCrunch)
Vimeo has acquired short-form video-creation platform Magisto, reportedly for $200M
Vimeo, the IAC-owned platform for hosting, sharing and monetizing streamed video, has made an acquisition to expand into providing more creation and editing tools. The company has acquired Magisto, a startup founded in Israel that currently has more than 100 million users, which focuses on providing tools to create and edit short-form videos, providing not just editing but sourcing of music, stock photos and other elements as part of the mix. (Fonte: TechCrunch)
Lyft adds Citi Bikes to its app for NYC riders
Lyft is going to integrate Citi Bike into its app for some riders in New York City. Lyft acquired bike-share startup Motivate back in July and proceeded to become a one-stop transportation app in three cities in December. Now, it’s ready to do the same in New York. Beginning early next month, Lyft customers in NYC will be able to unlock CitiBikes through the Lyft app. Lyft says it picked New York as its fourth location after Washington, D.C., Los Angeles and Santa Monica, Calif. because Citi Bike is one of the most popular bikeshare systems. To date, Citi Bike has logged more than 75 million rides with a fleet of more than 12,000 bikes. (Fonte: TechCrunch)
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