Report: Time Inc. is planning to buy Yahoo’s core business

Digital media and magazine publishing organization Time Inc. is rumored to buy Yahoo’s core business according to a Bloomberg report. The $1.5 billion publishing company Time Inc., whose publications include Time, People, Sports Illustrated, and Fortune has heard a presentation from Citigroup bankers on pursuing a deal with Yahoo. Citing the people familiar with the matter Bloomberg report said that “New […]

Google acquires prototyping startup Pixate at an undisclosed amount

Prototyping startup Pixate announced to join Google’s design team. Following the acquisition Pixate will part of Google- focusing to create tools that helps designers to showcase their ideas. In a blog post Our small team at Pixate has some really big ideas, and with the help of Google we’ll be able to bring those ideas […]

Oculus’s developer conference Connect 2 date is announced

Oculus is hosting it’s second annual developer conference to be held from 23 to 25 September at Loews Hollywood Hotel, CA. The Facebook owned VR gaming start-up in a blog post announced that more than 1,500 top developers, engineers and creators working on virtual reality will join the event. The company announced it will issue […]

Arun Sarin joins Ola board as an Independent Director

The largest car rental company in India Ola Cabs announced of joining former Vodafone CEO Arun Sarin as an Independent Director.  Prior to joining Ola Board Arun served as a CEO of Vodafone Group Plc. Under his leadership the telecommunications major achieved gaining over 300 million customers globally, with a market capitalization of $150bn. In […]

FlipKart delivers two mangoes instead of ASUS Zenfone, Claims buyer

Telangana resident Chiluveri Srucharan ordered a ASUS Zenfone during the mega sale that Flipkart had on May 26 but stunned when he received two mangoes instead. In a Facebook post Chiluveri wrote “I booked a mobile on flipkart 26th may order number 0D002947033911410000 but I getting 2 mangos on courier so be careful on online […]

Expedia sells 62.4% stake of eLong to Ctrip and others for $671 million

Expedia, Inc. (NASDAQ: EXPE) one of the largest travel companies in the world last week sold 62.4% stake in eLong (NASDAQ: LONG) the largest shareholder of the Company to its rival Ctrip (NASDAQ:  CTRP) and others for $671 million. The travel major sold 37.6% stakes to Ctrip for $400 million and rests to the other […]