investment

Nokia Invests in Pelican Imaging for Lytro-style Cell Phone Cameras

Lytro is seeing more and more competition these days, as more and more companies are jumping into the "snap now, focus later" game. There are now apps that mimic the technology, and companies like Toshiba are working on building Lytro-style smartphone camera modules.

Lytro's latest challenger may be quite a formidable foe: it appears that Nokia has invested in Pelican Imaging, another startup that's working on building Lytro-style smartphone camera arrays.

GoPro Sells 9% of Company to Foxconn for $200M, Now Valued at $2B+

'Tis the season of mergers, acquisitions, and investments. At around the same time Adobe announced its acquisition of Behance yesterday, Taiwanese gadget manufacturer Foxconn (officially known as Hon Hai Precision) announced that it has snatched up 8.88% of GoPro for $200 million. The deal values the California-based action-camera maker at a whopping $2.25 billion.

Rumor Says Overfunded Photo App Color to Shut Down, Company Says “Nope”

People say money can't buy happiness. Turns out there's another thing it can't buy: photo sharers. Despite raising a staggering $41 million in funding before even launching, the photo sharing app Color has been struggling to find users. Even after major pivots that changed the service's DNA, the app only has less than half a million active users.

There was a good deal of buzz in the tech world today after Ricardo Bilton of VentureBeat reported that the app has been slated for closure.

Sony is Now the Largest Shareholder in Olympus

Sony has agreed to pour $645 million into Olympus in exchange for 11.5 percent of the embattled company, becoming the single largest shareholder. While the companies announced that they are considering cooperating in the digital camera industry, the main motivation for Sony wasn't photographic imaging but body imaging. Olympus is one of the major players in the medical endoscope market, holding about 70% of sales, and Sony's investment allows it to dip its toes into this lucrative industry.

Getty Images Auction Draw Bids of $4 Billion

Photo agency Getty Images is on the auction block, in a second round of bids that are climbing towards $4 billion for a potential sale. Investment firm KKR & Co. and private equity investment firm TPG are on the list of at least five interested bidders, the Wall Street Journal reports.

Olympus in Final Stages of $623M Sony Investment Deal

Ever since their financial scandal, Olympus has been looking to bring on a big name investor to help get them out of trouble. Earlier this month that investor seemed to be Panasonic, but when that fell through everybody looked to the remaining three possible investors -- Sony, Fujifilm and Terumo -- to see if anybody was going to make the leap. According to Japanese business daily Nikkei, that investor is Sony.

New Photo Sharing App Color Raises a Whopping $41 Million in Funding

The mobile photo sharing space is hot right now, with services like Instagram, Picplz, and Path growing like weeds. A new contender called Color is causing some buzz after successfully raising a whopping $41 million... before even launching. The company has seven notable founders who have either started successful companies in the past (e.g. Lala and BillShrink) or have held executive positions at them (LinkedIn). Among the investors is Sequoia Capital, one of the most influential and successful firms in Silicon Valley and the firm that funded Google. They gave Color more than they gave Google.