Alphabet (GOOGL) Buys Twitter (TWTR) Unit Fabric
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Alphabet (NASDAQ: GOOGL) is acquiring Fabric, which was owned by Twitter (NYSE: TWTR)
From the blog:
When we launched Fabric in 2014, our goal was to provide the best tools to help developers create amazing apps. Since then, Fabric has evolved from a suite of tools for mobile developers to a powerful platform that helps entire teams build better apps, understand their users, and grow their business. In just two years, Fabric has grown to reach 2.5 billion active mobile devices, and Fabric's Crashlytics and Answers kits were recently recognized as the #1 SDKs for app stability and analytics. We are incredibly proud of the products we have built and grateful to this community of more than 580K passionate mobile developers.
Today we enter the next chapter for Fabric and are pleased to announce that we’ve signed an agreement for Fabric to be acquired by Google and for our team to join Google’s Developer Products Group, working with the Firebase team.
When we met the team at Google we quickly realized that our missions are the same - helping mobile teams build better apps, understand their users, and grow their businesses. Fabric and Firebase operate mobile platforms with unique strengths in the market today. We’re excited to combine these platforms together to make the best mobile developer platform in the world for app teams. Fabric customers: there’s no action you need to take in order to keep using these products. You can preview the new terms of use that will apply when the transaction is closed.*
We love our customers and are excited to continue to offer world-class developer products to all of you in this next chapter. Thank you all for being a part of this adventure with us! You can read more about today’s announcement on Google’s blog.
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*When the acquisition is complete, Google will begin providing Fabric, Crashlytics, Answers, and associated beta products under terms that you can preview here. During a transition period, Digits will continue to be maintained by Twitter under its existing terms. If you have any questions or need support for Digits, please ping the Twitter Community forums as usual. If you use any of the Answer’s Enhanced Features Set, such as Audience Insights reporting, those features will continue to be available to you leveraging Twitter data under our Enhanced Features Agreement found here. If you do not wish to continue receiving any of these services, you can stop using them or terminate your agreement before the acquisition is completed, as described in your current agreement with Twitter.
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