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Earlier this year it was reported that Google was in all interest to take over the Indian traveling app; Where is My Train. Today the company announced that Google has acquired Sigmoid Labs, which runs the platform ‘Where is My Train.’ Terms of the deal were not disclosed. Where Is My Train is an app […]
A report by The Information suggests that Apple has acquired Silk Labs, an artificial intelligence business startup focusing on “software lightweight enough to fit onto consumer hardware like cameras.” As with most of the deals struck by Apple, information regarding this deal is also sparse. Reports do suggest, however, that the deal was struck by […]
Redkix, an Israeli startup that provides tools to communicate more effectively by combining email with a more formal collaboration tool, is ready to be acquired by Facebook. Redkix officials said so on Thursday. Redkix will join Facebook’s Workplace to help other companies collaborate. Facebook released Workplace back in 2016. Facebook’s Workplace is a subscription-based social […]
On Tuesday, July 24, it was announced that BitTorrent is now officially a part of TRON. Although no official statement has been made on the amount paid by the blockchain startup to buy the file-sharing service, TechCrunch reportedly estimates the price to be around $126 million. BitTorrent provides its services to over 100 million active […]
IHH Healthcare has announced its acquisition deal of Fortis Healthcare, the second-largest health group of India via a deal that’s worth $585 million or 40 billion INR. This acquisition lets the Malaysian health group expand its presence in India, which is one of its four major markets in Asia. IHH considers the country as one […]
Broadcom Inc announced on Wednesday a deal of $18.9 billion to buy CA Inc. The chipmaker is looking to venture far beyond their realms of semiconductors. Broadcom’s chips power smartphones, computers and the like, whereas CA specializes in software and they had been looking to expand their business. CA Technologies CEO Mike Gregoire too has […]
Entertainment giant Sony on Tuesday announced a $1.9-billion (roughly Rs. 12,900 crores) deal to acquire EMI Music Publishing, one of the world’s largest music publishing companies. It signed a deal with Mubadala, an Abu Dhabi based investment firm to buy its 60% holding in EMI, giving the Japanese firm an indirect stake of approximately 90%, […]
Microsoft has announced it taking over Semantic Machines ‘that has developed a revolutionary new approach to building conversational AI.’ The ambition of the procurement is to progress in conversational AI, which entails the AI-driven bots and assistants to carry out meaningful conversations like and with humans. Based in Berkeley of California, Semantic Machines uses machine […]
With Flipkart founded in 2007 by former Amazon employees Sachin and Binny Bansal and with Walmart becoming its largest stakeholder, more new information about their deal is broadcasted all over the media. On Saturday, Walmart Inc (WMT.N) said in a filing with a U.S. regulator that it may India’s online store, Flipkart public in as […]
Two major news from eCommerce giant Flipkart on May 4 says that it bought back $350 million in more than 1.8 million shares, and it’s 73% being acquired by Walmart, a much-anticipated deal. There are also reports that Amazon made a formal bid little higher than Walmart to buy the majority stake in Flipkart. As […]
LG has made its biggest acquisition ever today in its deal of over EUR 1.1 billion. It includes LG Electronics acquiring 70% stake in ZKW Group, and LG Corp as the parent company purchasing the remaining 30%. ZKW Group is a leading automotive lighting and headlight systems provider operating globally. The ‘strategic merger’ that may […]
