Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Because they deserve to know who’s buying their favorite cell phone holster-maker. The Hustle Wed, Mar 28 Brought to you by Airtable… a spreadsheet has never been so productive. Dadquisitions: An M&A roundup for dads From toothpaste, to home-chemicals, to...
Brought to you by Airtable… a spreadsheet has never been so productive.
Dadquisitions: An M&A roundup for dads
From toothpaste, to home-chemicals, to dad-approved phone accessories, this roundup has all the fatherly trappings to catch your dad’s attention whether he’s workin’ hard, or hardly workin’.
Novartis sells consumer health stake to GSK
GlaxoSmithKline is buying out Novartis’ 36.5% stake in their joint consumer health business for $13B.
This gives GSK total control over the drug company’s over-the-counter products, like toothpaste brands Aquafresh (the official toothpaste of dads), Sensodyne (the official toothpaste of sensitive dads), and several cold meds, like Theraflu (the official medicine of sick dads).
Carlyle buys Akzo Nobel’s chemical biz
The Carlyle Group and Singapore wealth fund GIC have agreed to acquire the specialty chemicals unit of Akzo Nobel for around $12.6B.
The sale fits into Akzo’s plan to boost its share price after fighting off a $27.6B takeover last year from their rival PPG Industries Inc.
Akzo’s chemicals are used in a laundry list of products, like plastic bags and solar panels, AKA a dad’s two favorite things besides the Golf Channel.
Ok, this one was a stretch, we get it.
Foxconn to acquire accessory maker Belkin
And now, arguably the most important dad-news in the history of fathers: Foxconn, the manufacturing giant known for constructing the iPhone and other gear, is buying Belkin, a leading techccessory maker, for $866m.
You can thank Dad for keeping the cell phone belt holster-maker in business for all these years.
Aside from belt-accessible phone cases, the Los Angeles-based company also owns other dad faves, like Linksys line routers for all his television watching needs.
The ‘pull my finger’ of roundups
Apple wants to replace Google as the big tech teacher’s pet with its new iPad
Apple announced education-friendly 9.7” iPad yesterday for $329 (and a $30 discount for educators), aimed at giving a whole new meaning to the phrase “leave an Apple on your teacher’s desk.”
In the new iPad rollout, Apple featured Schoolwork, its cloud-based homework portal for teachers, and touted its 200k education apps, including Swift Playgrounds, which teaches students how to code in Apple’s programming language.
Takin’ a page out of Google’s textbook
Back in 2006, Google found itself a G Suite treasure trove slingin’ its free Gmail and Docs package to college administrators who could save a fortune by switching platforms.
Google gradually applied this adoption model to public school districts, leveraging edtech conferences to convert teachers into product evangelists.
Now, Google positions the ChromeBook for educators and prices them at $149, which means that schools save at least $150 by purchasing the laptop over the iPad.
It’s definitely an uphill climb for Apple
Chromebooks now account for more than half of the mobile devices shipped to schools (Chicago Public Schools has spent $33.5m on Chromebooks to date)
Not to mention, 15m students are on Google’s Classroom app learning how to use Sheets, Docs, and Gmail with the best of ‘em.
NASA delays its deep-space telescope launch until May 2020
The launch date for NASA’s James Webb Space Telescope (allegedly the most powerful space observatory in the world), has been pushed back yet again from its goal launch date in spring 2019 to May 2020.
Named after NASA’s second administrator, James E. Webb, the deep space telescope is reportedly strong enough to see into the atmospheres of planets outside our solar system, and some of the earliest stars and galaxies.
But first, it has to get off the ground.
A telescope two decades in the making
First envisioned in 1996, JWST was initially expected to cost between $1B and $3.5B with a goal launch sometime between 2007 and 2011.
But the cost of the project grew as the launch was consistently postponed, and in 2011 a massive replan was issued; Congress capped the telescope’s budget at $8B, and a new launch date of 2018 was set.
Now, 2 launch dates later, NASA believes they’re gonna exceed their budget yet again, which means Congress will have to reauthorize the program to continue.
But don’t worry, space nerds, it’s not likely to get scrapped.
They’re already in too deep
Despite the telescope’s numerous delays, and NASA having to repeatedly ask dad for more money, if they turned back now they’d be throwing away $7.3B that NASA has already invested thus far.
While the delays have been frustrating for everyone involved, scientists haven’t given up hope that it will someday make a home peeking into the universe’s deepest depths.
Futuristic camera company Lytro shuts down, despite promising tech and $216m in funding
Lytro began in 2006 and in 2012 released a novel product -- a consumer camera that lets users refocus images after shooting them, based on light-field technology that captures an image at “multiple depths.” But, 6 years and $216m in funding later, they’re closing up shop.
Why couldn’t they keep the dream alive?
The same reason that keeps countless founders up at night: a lack of product market fit. AKA, a product that a target consumer actually wants to buy.
Lytro was too ahead of its time…
For one, their flagship product was a camera… that looked and functioned nothing like a camera. It was long and cylindrical and measured “megarays” instead of megapixels.
Reviewers said they “never really got used to holding the Lytro,” and admitted that the most impressive thing about it wasn’t the image quality or performance, but the underlying light-field tech.
So, in 2015, after failing to corner the “prosumer” photography market, Lytro pivoted to virtual reality and released a 360-degree camera.
But, it didn’t exactly have mass appeal -- it cost hundreds of thousands of dollars, required special training, and VR entertainment as a whole has been struggling to find a consumer.
Airtable Blocks are the building blocks you need to create crazy responsive and flexible workflows for any project.
From a central dashboard, drag-and-drop app-like blocks to build your ultimate collaboration station. Use the new vision block to tag images with Google’s machine learning technology, or the 3D block to manipulate 3D models -- all in one place.
No technical chops needed. Literally, anyone with a heartbeat and a mouse can create customized, powerful tools to get more done with Airtable Blocks.
Try Blocks for free with this link. Just be ready to get sh*t done.