Intel's Mashery Acquires Hacker League

The empire of chip making giant Intel (NASDAQ: INTC  ) has expanded even further. Its business unit Mashery announced it has acquired Hacker League, an organizer of "hackathons" -- events in which groups of people meet to collaborate on programming projects. The terms of the deal were not disclosed, although IT news website TechCrunch said the cost was "significantly smaller" than the $180 million Intel reportedly paid to acquire Mashery this past April.

Mashery, a provider of application programming interface management solutions, cited its growing need to organize developer events as a key reason for the acquisition. In an official company blog post, Mashery general manager Oren Michels said that with its new acquisition his firm "can now deliver the best-in-class tool for developers and hackathon organizers to easily post and share information about events, hacks, and prizes." 

The deal covers only the assets of Hacker League. The company's three founders will not remain with it under the new ownership.


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  • Report this Comment On December 03, 2013, at 5:32 PM, solwiz wrote:

    All very well, but Intel needs to concentrate on mobile phone applications. They goofed on this, and need to catch up. I keep having faith that they will, but my faith is wearing thin, as my loss continues.

  • Report this Comment On December 03, 2013, at 8:09 PM, TMFVolkman wrote:

    solwiz, you have an interesting view, but I'd point out that <$180 million isn't a lot of scratch for a megalith like Intel. Buys in the mobile sphere tend to be much more pricey, and there aren't a lot of them on the market.

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