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Facebook buys Nascent Objects; Google acquires AI platform API.AI

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Facebook buys Nascent Objects; Google acquires AI platform API.AI

S&P Global MarketIntelligence provides a wrap-up of U.S. media and communications dealannouncements and completions from Sept. 19 to Sept. 23.

M&A Media

*Apple Inc. India-basedmachine-learning startup Tuplejump Software Pvt Ltd., Bloomberg reported Sept.22, citing a person with knowledge of the deal. The iPhone maker bought the company inJune, according to the report. According to Tuplejump founder Rohit Rai'sLinkedIn profile, he started working at Apple in May. The startup's softwarequickly processes and analyzes large chunks of data. Tuplejump employs about adozen people, with some based in the U.S., according to the report.

*Remark Media Inc.completed itspreviously announced acquisition of the main operating assets of China'sWestern-entertainment digital content company China Branding Group Ltd. Theacquisition includes China Branding Group's main operating units, likeFansTang, a provider of localized international live events content, socialmedia content, and Hollywood and related video content in the Chinesemarketplace, according to a Sept. 21 press release. Remark Media announced inMay that it would pay $7.5 million in cash and issue warrants to purchase 6.25million shares of Remark Media common stock at a $10 strike price to acquireChina Branding Group.

*Facebook Inc.acquired modularconsumer hardware maker Nascent Objects, according to a post on the startup'swebsite by its CEO, Baback Elmieh. Nascent Objects will operate underFacebook's new research and development group called Building 8.

*Alphabet Inc. unitGoogle Inc.bought Sunnyvale,Calif.-based API.AI, a maker of voice-enabled user interfaces, according to aSept. 19 blog post. The deal will allow API.AI to ramp up improvements to itsconversational interface platform, leveraging Google's knowledge,infrastructure and support. According to API.AI's website, the companyhas processed more than 3 billion API requests.

*John Wiley & SonsInc. acquired recruitment technology and predictive analyticssoftware company Ranku, the company announced Sept. 19. The Ranku teamwill join Wiley under the Wiley Education Services business and will continueto be managed by its current leadership from its Seattle headquarters. Rankulicenses proprietary marketing technology which stimulates new revenue streamsfor state systems, community colleges and universities. The software companyalso provides tech-enabled reporting to help universities predict thedevelopment of their curriculum based on the needs of labor market and consumerdemand.

M&A Communications

*Comcast Corp. reachedan agreement toacquirePhiladelphia Flyers' founder and Comcast Spectacor Chairman Ed Snider's 24%stake in Comcast Spectacor following his death. Comcast will own 100% ofComcast Spectacor after it closes the deal. The stake in the company includesthe Wells Fargo Center, Spectra businesses and the National Hockey League'sPhiladelphia Flyers. The three outfits will continue to operate as businesseswithin Comcast Spectacor after the acquisition. The Flyers transaction issubject to approval by the National Hockey League.