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Scribd Acquires SlideShare from LinkedIn

13Aug By PriyankaNo Comments

ACQUISITION

Scribd Acquires SlideShare from LinkedIn

Microsoft owned LinkedIn announced that SlideShare has acquired by Scribd to offer millions of users around the world great content to fuel their curiosity and learning. The details of the deal has not been disclosed. SlideShare has been a part of LinkedIn since May 2012. SlideShare has enabled millions of people to upload and share presentations, infographics, documents, and more. Like SlideShare, Scribd offers users a great platform to learn, share, and advance their careers. It has a digital library of published ebooks, audiobooks, podcasts, sheet music, and magazines, alongside over 100 million documents uploaded from the community. Slideshare is more focused on presentations and professional content. “Our acquisition of SlideShare is a major step towards creating the w...

SoftBank Posts $12 Billion Profit in First Quarter of 2020

12Aug By PriyankaNo Comments

Market

SoftBank Posts $12 Billion Profit in First Quarter of 2020

Tokyo, Aug 11, 2020: Japanese technology giant SoftBank Group profit rose 12 percent in April-June from a year earlier as its investments added to its coffers, including sales of its shares in US carrier T-Mobile. Tokyo-based SoftBank reported a first-quarter profit of 1.2 trillion yen (USD 11.8 billion), up from 1.1 trillion yen in the previous fiscal year. Quarterly sales inched down 2 per cent to 1.45 trillion yen (USD 13.7 billion). SoftBank, whose group includes the carrier that introduced the iPhone to Japan, said it has been shoring up its cash reserves. Chief Executive Masayoshi Son said, "the company already has raised in several months nearly all the 4.5 trillion yen (USD 41 billion) it had promised in March to attain within a year. But he acknowledged worries about a...

11Aug By PriyankaNo Comments

FUNDING

Dubai based eyewa raises $2.5 million in funding from Wamda Capital & Others

DUBAI, UAE, Aug. 11, 2020-- UAE based eyewear platform eyewa raises a USD $2.5million in pre-series B bridge round from Wamda Capital, EQ2 Ventures and Nuwa Capital. This is eyewa's third funding round, before that the company raises mid-2019 Series A round of US$7.5million and US$1.1 million in a seed round in 2018. This bridge brings the total raised capital by eyewa to US$11.1million in the space of three years. The company specialises in online retail of sunglasses, eyeglasses, prescription contact lenses and color contact lenses, and offers a wide choice catered towards the latest fashion trends with a highly customised user experience throughout the discovery, ordering, packaging and delivery process. eyewa, which is now the largest online eyewear retailer in UAE and KSA...

10Aug By PriyankaNo Comments

FUNDING

Skillshare Raises $66 Million in Funding from OMERS Growth Equity

NEW YORK, Aug. 10, 2020-- Skillshare the world's largest online learning community for creativity raises $66 million in funding led by OMERS Growth Equity. With more than 12 million registered members, 8,000 teachers, and over 30,000 video-based classes in a wide range of creative disciplines from graphic design to photography to painting and illustration to interior design, Skillshare has experienced a year of unprecedented growth. Till date, Skillshare has raised $42 million in capital from Union Square Ventures, Amasia, Burda Principal Investments, and Spero Ventures, who all participated in this round. Skillshare's funding comes on the heels of a brand pivot in early 2020 to focus on the creative community. With roughly 75 percent of Americans participating in a creative hob...

Twitter in discussion with TikTok for Acquisition

10Aug By PriyankaNo Comments

News

Twitter in discussion with TikTok for Acquisition

New York, 10th Jul 2020: According to a report, the Social media platform Twitter is in discussions for the acquisition of TikTok USA after Microsoft bid. The move of US President Donald Trump said he would ban the app in 45 days creates an opportunity for a platform like Twitter to make big in the current social media war. Trump declared Thursday that the popular Chinese video app TikTok and social network WeChat “threaten the national security, foreign policy, and economy of the United States.” In an executive order, Trump gave Americans 45 days to stop doing business with the platforms, effectively setting a deadline for a sale of TikTok by its Chinese parent firm ByteDance. He has also demanded that a significant portion of the sale go to the US Treasury. Microsoft has ...

7Aug By PriyankaNo Comments

Tech

Google Discontinue Pixel 4 Model

Aug 7th, 2020: Google discontinues its flagship smartphone model Pixel 4 and Pixel 4 XL in less than a year. The company said it has sold its inventory and completed sales of Pixel 4 and Pixel 4XL. Pixel 4 series will continue to get software and security updates for at least 3 years from the device first became available on the Google Store. The cost of Pixel 4 and Pixel 4 XL was $799+ & $899+. Last year in October, Google launched Pixel 4 at its event Made by Google 2019 in New York City. The smartphone was powered by Snapdragon 855 processor with 6GB of RAM, which was the first time Google increased RAM since launching the Pixel line in 2016. Both series have 64 or 128GB of storage. The smartphone was available in Just Black, Clearly White, and a bold Oh So Orange...

4Aug By PriyankaNo Comments

FUNDING

Aon Investments raises $350 Million in Funding

CHICAGO, Aug. 4, 2020 -- Aon Investments raised $349.9 million from U.S. institutional investors for its Opportunistic Credit strategy. The Opportunistic Credit strategy targets public corporate and structured credit stressed credit and real estate debt. Aon Investments consists of more than 300 investment consulting professionals with more than 480 clients representing aggregate assets more than $2 trillion as of December 31, 2019. It will provide a flexible approach of allocating across a wide range of securities and markets where managers see the greatest value. "We appreciate the support of our investors and welcome many new investors in this endeavor," said Steve Voss, senior partner and head of Aon Investments for North America. "The Opportunistic Credit strategy will dra...

Global Remittances could fall $109 billion in 2020 because of COVID-19

3Aug By PriyankaNo Comments

News

Global Remittances could fall $109 billion in 2020 because of COVID-19

As per the latest report by the World Bank, due to Covid-19, the Global Remittances could fall by $109bn in 2020. The total value of remittances reached $714 billion in 2019. At least 60 low- and middle-income country's GDP depend on remittances that are the most affected now. Tajikistan and Bermuda, for example, both depend on remittances for more than 30% of GDP. Other heavily-dependent countries include Nepal and Haiti. And the countries which rely on remittances the most often have economies which are already fragile. According to the International Monetary Fund (IMF), this money often helps even out trade deficits and provides a key source of tax revenue particularly in terms of indirect taxes like value-added tax and sales tax. Remittances to Asia and the Pacific, which ...

Google acquires 6.6% ownership in ADT for $450 million

3Aug By PriyankaNo Comments

ACQUISITION

Google acquires 6.6% ownership in ADT for $450 million

BOCA RATON, Fla., Aug. 03, 2020-- Internet giant Google to invest $450 million to acquire 6.6% ownership in ADT. ADT, a leading provider of security and smart home solutions, and Google are entering into a long-term partnership to create the next generation of smart home security offerings. The partnership will combine Google’s award-winning Nest hardware with ADT’s trusted security, professional installation, and monitoring service to create a fully integrated set of devices, software and services for the secure smart home. The partnership will integrate Google’s hardware and services and ADT’s DIY and professionally installed smart home security solutions to innovate the residential and small business security industry. The future ADT + Google helpful home security solution...

Microsoft in talks to acquire TikTok, Trump considers ”banning” app in US

1Aug By PriyankaNo Comments

USA

Microsoft in talks to acquire TikTok, Trump considers ”banning” app in US

Washington, Aug 1, 2020: Microsoft said they are in advance talks to acquire TikTok's US operations, even as President Donald Trump considering to ban the popular Chinese-owned video app. "We are looking at TikTok. We may be banning TikTok," Trump told reporters at the White House. India has banned as many as 106 Chinese apps, including TikTok, a move welcomed by both the administration and the lawmakers. "We may be doing some other things. There are a couple of options. But a lot of things are happening, so we'll see what happens. But we are looking at a lot of alternatives with respect to TikTok," Trump said in response to a question. Microsoft team headed by Satya Nadella is in advanced talks to acquire the US operations of TikTok. The deal could run into billions of dollars. ...

Apple acquired Mobeewave to turn iPhones into payment terminals

1Aug By PriyankaNo Comments

ACQUISITION

Apple acquired Mobeewave to turn iPhones into payment terminals

According to Bloomberg, iPhone maker Apple acquires payment startup Mobeewave technology for $100 million. The Mobeewave team will continue to work from its main office in Montreal. Mobeewave lets shoppers tap a credit card or smartphone on another phone to process a payment. After this acquisition iPhone users could use it as a payment terminal with no additional hardware required. Apple in its statement said, "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans." In 2014, Apple added Apple Pay to the iPhone allowing users to pay for physical goods with a tap in retail stores. Last year, it launched its own credit card known as Apple Card. As per the report, the acquisition has the potential to allow Apple to comp...

Apple Posts 11% increase in revenue in Q3 2020

31Jul By PriyankaNo Comments

Market

Apple Posts 11% increase in revenue in Q3 2020

CUPERTINO, Calif., 31st 2020-- Apple announced financial results for Q3 2020 and posted quarterly revenue of $59.7 billion, an increase of 11 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.58, up 18 percent. 60 percent of the quarter’s revenue came from International sales. “Apple’s record June quarter was driven by double-digit growth in both Products and Services and growth in each of our geographic segments,” said Tim Cook, Apple’s CEO. “In uncertain times, this performance is a testament to the important role our products play in our customers’ lives and to Apple’s relentless innovation. This is a challenging moment for our communities, and, from Apple’s new $100 million Racial Equity and Justice Initiative to a new commitment to be carbon neut...