7 Comments

Summary:

Twitter didn’t disclose the terms of its acquisition of geo platform Mixer Labs in December, but some details have made it out since. What we know now: Mixer Labs had raised funding from Sequoia Capital and Twitter issued $5.17 million in stock alongside the transaction.

Twitter didn’t disclose the terms of its acquisition of geo platform Mixer Labs in December, but some of the details have since emerged. Today paidContent reports on a new SEC filing that says Twitter issued $5.17 million worth of common stock and Series E preferred stock alongside an acquisition — and connects the dots that it was probably for Mixer Labs. There may also have been cash or additional terms in the transaction that weren’t disclosed in the filing.

We also reported earlier this week that Mixer Labs had raised funding from Sequoia Capital, something the startup hadn’t previously disclosed.

Mixer Labs, which Twitter said it bought to help it understand the local context of tweets, is still offering its GeoAPI keys as “a service from Twitter,” but today it appears that Mixer’s original product, local guide TownMe, has been taken offline.

  1. stock as a $1B valuation. YIKES!

    Share
  2. And yesterday, ev said:

    “Hand tired from signing stock certificates. It’s unclear to me why we still use such things.”

    http://twitter.com/ev/status/7493347274

    Share
  3. Is it only me? $5.17M is pretty cheap? I think it worth more than that

    Share
  4. [...] Looks Like Twitter Paid Mixer Labs $5.17M in Stock [...]

    Share
  5. [...] of major platforms — be it iPhone, Android, BlackBerry or the web. Twitter’s decision to buy Mixer Labs, parent company of GeoAPI, is one such example. (Related: “Who Will Foster the Great Location [...]

    Share
  6. [...] Looks Like Twitter Paid Mixer Labs $5.17M in Stock Tech Insider [...]

    Share
  7. [...] Looks Like Twitter Paid Mixer Labs $5.17M in Stock Tech Insider [...]

    Share

Comments have been disabled for this post