Tag "M&A"

Facebook acquires ‘tbh’- an anonymous app for teens

By : CIOL Writers

Facebook has acquired ”tbh, a polling app targeted at teens, for an undisclosed amount. The social network will also allow the app to operate somewhat independently with its own brand. ‘tbh’- to be honest, allows users 13 years old and over

Tata Teleservices and Bharti Airtel agreed to merge consumer telecom business

NEW DELHI, INDIA: Telecommunications services provider, Bharti Airtel and Tata have agreed to merge Consumer Mobile Businesses (CMB) of TTSL and TTML into Bharti Airtel. The proposed merger will include transfer of all the customers and assets of Tata CMB

FastPay acquires media finance solutions company AnchorOps

By : CIOL Writers

Fintech company FastPay has announced that it is acquiring media solutions company AnchorOps. The deal would bring together the two companies focused on media financing. The details of the acquisition were not disclosed by both the companies. Excited to announce that

Google acqui-hires podcast app 60dB, service to shut down in November

By : CIOL Writers

Google has acquired podcast app 60db, which will shut down on November 10. “Today, we’re announcing we’ll be shutting down 60dB on Friday, November 10th, and we’ll be joining the team at Google,” 60dB co-founders wrote in a Medium post, first spotted by Business

Google acquires Relay Media’s AMP Converter tech in big mobile push

By : CIOL Writers

Google has acquired Relay Media, a company founded by an ex-Googler that had developed technology to help covert web pages to the AMP format. The news was announced by Relay Media on its homepage, and on its LinkedIn page. “We’re excited to announce

Wipro Digital acquires design consultancy firm Cooper for $8.5M

By : CIOL Writers

Wipro’s digital business unit, Wipro Digital is acquiring San Francisco-based design consultancy Cooper for $8.5 million in an all-cash deal. Cooper will become part of Designit, Wipro Digital’s strategic design arm, further strengthening its design and innovation capabilities, expanding its reach in North America

Apple acqui-hires a small startup Init.ai to work on Siri

By : CIOL Writers

Apple has “acqui-hired” the team from Init.ai, a startup known for its customer service automation, reports TechCrunch. A few days back, the startup notified on its website that it is “joining a project that touches the lives of countless people across the world. We

Microsoft buys VR social network AltspaceVR

By : CIOL Writers

Microsoft announced that it has acquired the virtual reality social network, AltspaceVR that enables users across headset and web platforms to join 3D chat rooms to play games, watch videos and attend events. Terms of the deal were not disclosed.

Amazon acquires AI-powered 3D body modeling startup Body Labs

By : CIOL Writers

Amazon has acquired New York-based Body Labs, which is an AI-powered 3D body modeling startup, according to TechCrunch. Citing two sources familiar with the deal, the report pegs the sale price between $50 million and $70 million. Body Labs, founded in 2013, offers 3D

Reliance Communication and Aircel merger called off

By : CIOL Writers

Anil Ambani led Reliance Communication has called off its merger talks with Aircel and the former has outlined an alternative plan for debt reduction by selling real estate and tower and fiber assets. The company said that the merger agreement

Google acquires cloud security firm Bitium

By : CIOL Writers

Google has acquired identity management firm Bitium for an undisclosed sum. The acquisition will help Google better manage enterprise cloud customer implementation across an organization, including doing things like setting security levels and access policies for applications working across their

Flipkart acquires mobile repair services startup F1 Info Solutions

By : CIOL Writers

Flipkart has acquired mobiles and IT repair services startup F1 Info Solutions, the company announced on Tuesday. The Mumbai-based company will become a part of Jeeves that Flipkart invested in 2014. Jeeves specializes in providing after-sales service for large and small home appliances and furniture. As smartphones account for a

Google is buying HTC’s smartphone team for $1.1bn

By : CIOL Writers

In a bid to further boost its hardware business, Google has signed a $1.1 billion deal to acquire a team of HTC employees, many of whom have worked with the company on its Pixel smartphone. As part of the agreement, Google will

ItzCash owner Ebix acquires money transfer business of YouFirst Money Express

By : CIOL Writers

US-based software services firm Ebix has acquired the money transfer service scheme(MTSS) of YouFirst Money Express. The firms did not disclose the financial details of the deal. “Following up on the Wall Street Finance’s Money Transfer Service Scheme business acquisition

Cisco acquires hyperconvergence software company Springpath

By : CIOL Writers

Cisco is acquiring software company Springpath for $320 million in a cash and equity deal, plus additional retention-based incentives. Founded out of Sunnyvale, California in 2012, Springpath is known for the development of a distributed file system for hyperconvergence that enables server-based storage systems.

Google acquires AI image processing startup AIMatter

By : CIOL Writers

Google has acquired AIMatter, a startup that uses AI to help detect and process images on mobile devices. Belarus-based AIMatter confirmed the news in a short post on the company’s website on Wednesday. AIMatter is the startup behind Fabby, a mobile application which uses

Microsoft acquires cloud startup Cycle Computing

By : CIOL Writers

Microsoft has acquired Cycle Computing, a twelve-year-old Connecticut-based company that focuses on helping enterprises orchestrate high-performance computing jobs, large data workloads and other “big computing” jobs in the cloud. Without disclosing the financial details of the transaction, the company said it plans to

Hike acquires Bangalore-based hardware startup Creo

By : CIOL Writers

Homegrown messaging and social media technology company Hike has acquired Creo, a Bangalore-based startup that has in the past released smartphones, media streaming dongles, and an operating system. Hike announced the acquisition in a short statement without disclosing the price of the

WeWork acquires Israeli startup Unomy to bolster its enterprise gross sales efforts

By : CIOL Writers

Global co-working giant, WeWork has acquired Israeli startup Unomy to enable its staff to boost WeWork’s sales by enhancing data collection and providing lists of and leads to potential customers, reports TechCrunch. Unomy, a sales and marketing platform is designed to help

PayPal is acquiring Swift Financial to expand lending business

By : CIOL Writers

Payments firm, PayPal is acquiring online lending company Swift Financial aimed at expanding its business that provides working capital to merchants. Financial terms of the deal were not disclosed. PayPal said the acquisition is to increase small business owners access