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Mobile messaging app Tango is boosting its multimedia presence and potential to make money after it introduced content-rich ‘channels’ to its iOS and Android apps. Channels are basically portals for brands to post messages or multimedia content to Tango users, who can follow specific channels if they want the content to appear in their newsfeed, and also recommend them to their friends. An update adding the feature actually rolled out last week, but now Tango has fleshed out the six main channel categories — entertainment, news, sport, lifestyle, humor and music — with content from Spotify, AOL, Dailymotion and other launch partners. The idea behind channels —…
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Another big Alibaba deal has just taken place: the e-commerce giant has swallowed up the whole of UCWeb. Financial terms are not disclosed, but the two firms call it the “biggest deal in Chinese internet history.” Internal letters reveal that the deal values UCWeb at far more than the $1.9 billion that Baidu paid for 91 Wireless, which is China’s largest internet acquisition to date. Prior to this, Alibaba already held 66 percent of UCWeb. The e-commerce firm will buy over the remaining shares of UCWeb in the form of its own stock and cash. UCWeb will be fully integrated…
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Digital marketing firm Amobee, which was acquired by Singtel in 2012 for $321 million, announced today that it has purchased two companies for a total of $359 million. Amobee is buying cross-channel digital advertising firm Adconion for a valuation of $235 million, with a consideration payable of $209 million excluding debt. At the same time, it is also taking over data analytics firm Kontera for $150 million. The two companies will be fully integrated into Amobee. Amobee CEO Mark Strecker said that with the two firms joining its stable, the company seeks to be a one-stop place for digital marketers…
This story continues at The Next Web