Tag "M&A"

Quikr acquires HDFC Developers & HDFC Realty to focus on real estate buying services

By : CIOL Writers

Online classifieds platform Quikr has entered into an agreement with Housing Development Finance Corporation (HDFC) under which Quikr will be acquiring two of HDFC’s subsidiaries HDFC Developers and HDFC Realty for a total of $54.8 million (Rs 350 crore). Renu

Ola acquires Foodpanda India; invests $200M

By : CIOL Writers

Cab aggregator Ola will acquire Foodpanda India from Germany based online food ordering and delivery marketplace Delivery Hero in an all-stock deal that will see the ride-hailing firm invest $200 million into Foodpanda. While the companies did not disclose the details

Alphabet X sells wireless internet tech to Andhra Pradesh

By : CIOL Writers

Alphabet X’s research team announced that the Andhra Pradesh state government would buy its fully developed new technology, as reported by Reuters. The Free Space Optical Communications (FSOC) technology has potential to provide high-speed wireless internet to the rural areas

eBay acquires e-commerce analytics platform Terapeak

By : CIOL Writers

eBay is acquiring Terapeak, a Toronto-based startup that leverages data around supply, demand, and pricing in order to arm merchants with the information to sell their goods. Terms of the deal weren’t disclosed. Founded in 2002, Terapeak’s cloud-based data platform lets sellers track supply, demand

Swiggy acqui-hires 48East to strengthen new supply business

By : CIOL Writers

Food ordering and delivery platform Swiggy has acqui-hired Bangalore-based gourmet Asian food start-up 48East to strengthen its new supply business. Under the deal, 48East founders Joseph Cherian and Nabhojit Ghosh will join Swiggy to build the new supply business with Cherian

ComfortDelGro to acquire 51pc stake in Uber’s Singapore business

By : CIOL Writers

Singapore’s largest taxi company ComfortDelGro has announced that they have entered into a strategic agreement to acquire a 51 percent majority stake in Uber’s local rental business units, Lion City Rentals. Uber will retain the remaining 49 percent. The deal would

Apple said to be buying music recognition app Shazam

By : CIOL Writers

Apple is in talks to acquire Shazam Entertainment, the app which helps users recognize songs by pointing their device towards an audio source. The news first reported by TechCrunch said that Apple could be paying $400 million for Shazam and the

Apple acquires podcast search startup Pop Up Archive

By : CIOL Writers

Apple announced the acquisition of Pop Up Archive an Oakland based online platform focussed on building tools to transcribe, organize and search audio files. The news first reported by Neiman Lab says that Pop Up Archive ended its Audiosear.ch product

Mapbox acquires AR activity tracking app Fitness AR

By : CIOL Writers

Open-source mapping platform Mapbox has acquired activity tracking app Fitness AR. Mapbox will continue to deliver updates to the app, which has since gone free in the App Store. Launched this past September, Fitness AR was the first mapping AR app, allowing Strava users

Dropbox acquires publishing platform Verst

By : CIOL Writers

Dropbox has acquired New York-based publishing platform Verst that helped web publishers and creators make money through features like paywalls. Notably, the acquisition only includes the Verst team, not its assets or intellectual property. Verst’s service will be shutting down on

Samsung buys AI startup Fluenty to improve Bixby

By : CIOL Writers

Samsung has bought South Korean AI startup Fluenty aimed at bolstering its virtual assistant Bixby. The acquisition was first noted by The Korea Herald. Fluenty that specializes in conversational artificial intelligence (AI) was founded by former search giant Naver and Daum developers and

WeWork acquires real-life social networking startup Meetup

By : CIOL Writers

WeWork has acquired real-life social networking service Meetup that would continue to operate as a standalone company for now. Terms of the deal have not been disclosed. “….together, Meetup and WeWork will use technology to create new and innovative ways of

Niantic raises $200M ahead of Harry Potter game launch

By : CIOL Writers

Pokémon Go creator Niantic has raised $200 million in funding, reports The Wall Street Journal. The Series B funding round was led by Spark Capital including participation from Founders Fund, Meritech, Javelin Venture Capital, You & Mr. Jones and NetEase. Spark partner Megan

Apple acquires AR startup Vrvana for $30M

By : CIOL Writers

Apple recently acquired an augmented reality-based startup called Vrvana, reports TechCrunch. The deal was reported to be around $30 million. Vrvana created mixed-reality headset named Totem, but it never released. The headset was designed to merge AR and virtual reality

Marvell Technology to acquire chipmaker rival Cavium for $6B

By : CIOL Writers

Marvell Technology is buying chip maker Cavium in cash-and-stock deal valued at nearly $6 billion that would help it better compete with industry giants like Intel and Broadcom. Shares of Marvell were up 1 percent while shares of Cavium were up 7.7

Spotify acquires online music recording studio startup Soundtrap

By : CIOL Writers

Spotify has made another acquisition as it sets out to offer artists services beyond basic streaming. The company announced that it has acquired Soundtrap, an online music recording studio startup. Soundtrap’s services, however will continue to operate as usual. Based

Airbnb acquires two startups to boost its appeal among users

By : CIOL Writers

Airbnb, the online accommodation startup announced that it is acquiring London based Accomable, a startup that focuses on house listings that are disabled-friendly. Both the companies did not reveal the details of the acquisition. Accomable currently hosts bookings for 1,100 properties in

Lyft acqui-hires live streaming company Kamcord

By : CIOL Writers

Ride-hailing firm Lyft has brought on-board 12-member team from the live streaming company Kamcord to build out its transportation service. Lyft has basically acqui-hired Kamcord’s engineering talent and not any of the live streaming app’s technologies. Kamcord announced this news

Crisil to acquire data analytics company Pragmatix for Rs 56cr

By : CIOL Writers

Ratings agency Crisil has entered into a definitive agreement to acquire data analytics company Pragmatix Services for up to Rs 56 crore ($8.6 million). The deal will help Crisil enhance its business intelligence, analytics and risk management offerings for financial sector

UK-based Perkbox buys digital rewards platform Loyalty Bay

By : CIOL Writers

UK-based Perkbox has acquired another London-based startup Loyalty Bay, which offers a SaaS platform for the automated delivery of digital rewards. Though the terms of the deal haven’t been disclosed, according to TechCrunch that first reported the news, it was cash and Loyalty