ACQUISITION | Pixr8 News

TripAdvisor Acquires Menu Management Company SinglePlatform

6Dec By PriyankaNo Comments

ACQUISITION

TripAdvisor Acquires Menu Management Company SinglePlatform

NEEDHAM, Mass., Dec. 6, 2019-- TripAdvisor, the world's largest travel platform acquired leading menu management company SinglePlatform to help the more than five million restaurants listed on TripAdvisor attract more diners and offer a better guest experience. Today, 93 percent of diners check menus online before choosing a place to eat, but for restaurants, keeping their menus up-to-date everywhere on the Internet is a challenging and time-consuming process. SinglePlatform works with restaurants to easily publish and manage their menus and other key information such as their business name, opening hours and contact information on main search and discovery sites like Google and Facebook. Upon completion of the integration, restaurants will be able to subscribe to the service and conve...

28Nov By AdityaNo Comments

ACQUISITION

Tech Mahindra Acquire Digital Agency BORN Group

NEWYORK-- BORN Group, a leading digital transformation agency with a focus on customer experience and enterprise commerce solutions, has been acquired by global technology and services firm Tech Mahindra Ltd. Founded in 2011, Born set forth to create a new-age marketing agency that helped brands adapt to the digital economy. Their vehicle, BORN, grew out of a combination of two acquired firms, Group FMG, a content production house and a NY-based marketing boutique specialized in creative design, Pod1. Since then, BORN has experienced exceptional growth with operations in 8 countries serving over 40 end markets working with a range of enterprise clients. The company is widely recognized and award winning and serves a roster of clients who seek enterprise commerce and experienc...

27Nov By AdityaNo Comments

ACQUISITION

Facebook Acquire VR Studio ‘Beat Games’

Facebook-owned Oculus is buying the studio behind hit virtual reality game "Beat Saber" as it looks to expand VR technology to wider audiences. Oculus, which makes Rift and Quest VR headgear, did not disclose financial terms of the deal to acquire Prague-based Beat Games. "Beat Games is joining us in our quest to bring VR to more people around the world," Oculus director of augmented and virtual reality content Mike Verdu said in a blog post. "Beat Games' accomplishments are already impressive, but Facebook and the Beat Games team know that there is so much more that can be done across VR, games, and music." Verdu assured players that the studio would continue to ship content and updates for "Beat Saber" on platforms where it is already available. In the virtual game, playe...

Viagogo Acquires StubHub from eBay for $4.05 Billion

27Nov By AdityaNo Comments

ACQUISITION

Viagogo Acquires StubHub from eBay for $4.05 Billion

SAN JOSE, California-- eBay and Viagogo have entered into a definitive agreement for eBay to sell StubHub to Viagogo for a purchase price of $4.05 billion in cash. "We believe this transaction is a great outcome and maximizes long-term value for eBay shareholders," said Scott Schenkel, interim chief executive officer of eBay Inc. "Over the past several months, eBay's leadership team and Board of Directors have been engaged in a thorough review of our current strategies and portfolio, and we concluded that this was the best path forward for both eBay and StubHub. We firmly believe in the StubHub business and we are excited about its future growth potential with viagogo as its owner." viagogo is a leading worldwide ticket marketplace for live sport, music and entertainment events, and...

Airtel Acquihire Logistics Startup Quikmile

25Nov By AdityaNo Comments

ACQUISITION

Airtel Acquihire Logistics Startup Quikmile

Telecom company Bharti Airtel acquihire Gurgaon based Quikmile, a startup focused on building tech-enabled logistics platforms for India. The company did not disclose the size of the 'acquihire' deal, which typically entails the acquisition of people or teams. "Quikmile's team will now be a part of Airtel X Labs Airtel's digital innovation factory, which focuses on IoT, Digital Engineering, Artificial Intelligence, and Machine Learning," Airtel said in a statement. Airtel X Labs team comprises of professionals from India and abroad, the statement said, adding that it is building advanced digital capabilities to serve the emerging needs of Digital India and is rapidly scaling up its teams and scope of work. Quikmile, which started operations in 2018, aims to harness the power o...

22Nov By AdityaNo Comments

ACQUISITION

Paypal Acquire Honey For $4 Billion

SAN JOSE, Calif., Nov. 22, 2019-- Online Payment Transfer platform PayPal has agreed to acquire Honey Science Corporation, a shopping and rewards platform for approximately $4 billion. Honey Science Corporation is an L.A. based tech company building tools to help people save time and money when shopping online. Honey, in combination with PayPal's two-sided network, will transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants. Founded in 2012, Honey approximately have 17 million monthly active users and helped millions of people find more than $1 billion in savings in the past year. Honey currently works across approximately 30,000 online retailers ranging from fashion and technology, to travel and pizza deli...

Xerox considers $27 billion Takeover offer of HP

7Nov By reutersNo Comments

ACQUISITION

Xerox considers $27 billion Takeover offer of HP

Printer maker Xerox Holdings Corp has made a roughly $27 billion cash-and-stock offer for personal computer maker HP Inc, a company more than three times its size. HP confirmed the bid, but declined to disclose the offer price. The companies have explored a combination from time to time, and HP will consider Xerox’s latest proposal “with an eye towards what is in the best interest of all our shareholders,” HP said in a statement. Five days ago Enrique Lores, former president of HP’s imaging and printing business, officially took over as its chief executive. Xerox’s stock has rallied under CEO John Visentin, who took over last year and resolved a long-running dispute with joint venture partner Fujifilm Holdings Corp. Xerox said it would sell its 25% stake in the joint venture ...

5Nov By NitishNo Comments

ACQUISITION

Automation Anywhere acquihire Cathyos Labs

The SoftBank-backed robotic process automation (RPA) player, Automation Anywhere acquihire of product engineering start-up Cathyos Labs to support the company's expansion and product innovation. Cathyos Labs specialises in product development, automation, RPA and predictive analytics, Automation Anywhere said in a statement. Through the acqui-hire, Automation Anywhere will strengthen its engineering team to increase product development, support and delivery for customers in India and across the region, it said. Cathyos Labs is the first talent led acquisition by Automation Anywhere.Cathyos Labs engineers, including the co-founders, will join Automation Anywhere's product engineering team to provide development support for the web-based RPA platform, Enterprise A2019, it was state...

2Nov By AdityaNo Comments

ACQUISITION

Fosun buys Thomas Cook brand for $14.2 Million

Chinese conglomerate Fosun acquired Thomas Cook brand for 11 million pounds (USD 14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad. Thomas Cook's demise in September sparked 22,000 job losses worldwide and triggered Britain's biggest repatriation since World War II, with the government paying to fly home 140,000 tourists. The 178-year-old British institution declared bankruptcy in September after an attempt to secure USD 250 million from private investors fell through. Hong Kong-listed Fosun, which was already the biggest shareholder in Thomas Cook and also owns France-based resort giant Club Med, had backed out of the eleventh hour deal to keep the debt-plagued company afloat. Fosun will now ...

Droom acquires Lending Firm Xeraphin Finvest

2Nov By AdityaNo Comments

ACQUISITION

Droom acquires Lending Firm Xeraphin Finvest

Online automobile marketplace Droom has acquired Xeraphin Finvest for an undisclosed amount, a move aimed at strengthening its lending arm Droom Credit. Droom Credit has already processed over 10,000 loans in the last 12 months. Droom Credit marketplace has on-boarded lending partners like IDFC First Bank, Yes Bank, Tata Capital, Mannapuram Finance, Faircent, Hero Fincorp, Cashkumar and Lendbox, a statement said. "Xeraphin Finvest's acquisition will further bolster our capabilities in offering loans at a larger scale, ensuring maximum convenience and minimum hassles for our primary stakeholders, thereby building the narrative of success for Droom further," Droom founder and CEO Sandeep Aggarwal said. He added that the company has been working on leveraging its technological p...

Google to buy Wearables Maker Fitbit for USD 2.1 billion

1Nov By AdityaNo Comments

ACQUISITION

Google to buy Wearables Maker Fitbit for USD 2.1 billion

Google has agreed to buy Fitbit for USD 2.1 billion in a move giving the US tech giant entry into the wearable technology space, the two companies announced Friday. The move comes with Google seeking to expand beyond its core business of online search into hardware, and with Fitbit struggling against rivals including Apple. "We have built a trusted brand that supports more than 28 million active users around the globe who rely on our products to live a healthier, more active life," Fitbit co-founder and chief executive James Park said in a statement by the two firms announcing the deal. "Google is an ideal partner to advance our mission. Fitbit will be able to accelerate innovation in the wearables category, scale faster, and make health even more accessible to everyone. I could ...

31Oct By PriyankaNo Comments

ACQUISITION

Singapore Qoo10 acquires Indian eCommerce Platform Shopclues

Indian e-commerce firm ShopClues has inked an all stock-deal with Qoo10 to merge operations with the Singapore-based firm. The collaboration presents "new strategic opportunities for both companies as it opens up cross border opportunities for consumers and sellers across Asia", ShopClues said in a statement. While the terms of the deal were not disclosed, the development would come as a breather for the Indian e-commerce platform that has been struggling to control costs in the hyper-competitive online shopping segment in India. Qoo10 is an e-commerce platform in South East Asia that serves small and medium enterprises (SMEs) via its localized online marketplaces in Singapore, Indonesia, Malaysia, China, and Hong Kong. Qoo10 also has plans to expand into other Asian countries...