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Mobile Minutes: Twitter and SoundCloud; One Kings Lane acquired; Uber books helicopters; Snapchat and Oracle

June 16, 2016

29097Twitter invests $70M in SoundCloud
Twitter has invested about $70 million in Berlin-based music service SoundCloud, technology website Re/code reported citing people familiar with the deal.
Read more on NBC News

Bed Bath and Beyond acquires One Kings Lane
Bed Bath & Beyond said late Tuesday that it had acquired home furnishings seller One Kings Lane in a deal that pushes the big-box retailer further into the furniture and decorations category.
Read more on USA Today

Uber offers helicopters to escape Sao Paulo gridlock
For commuters who imagine soaring above Sao Paulo’s notorious traffic jams, ride-hailing app Uber is offering to make that daydream a reality, starting at around $20.
Read more on Reuters

Snapchat strikes partnership with Oracle to prove its ads work
This time last year, Snapchat Inc. was the hot new thing in social-media advertising — except that brands couldn’t tell if the promotions actually worked.
Read more on Bloomberg



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