TechCrunch April 1, 2014
Looks like instead of being acquired, wrist and speaker hardware company Jawbone is doing some acquiring, scooping up social and personalized music playlist app Playground.fm, according to a well-placed source.
Last time we heard something about Jawbone, it had closed a new financing round of about $250 million at around a $3 billion valuation. Kara Swisher and Re/code had reported a similar range at the time. We had also learned that the company was seeing a $600 million revenue run rate, mostly from its diminutive speaker products.
We have no word on the size of the Playground.fm deal, but did hear that the team and investors were happy and that it was over eight figures. Our source says that the startup was in the process of raising a funding round when Jawbone came in with a successful offer.
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