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ACQUISITION

December 10th, 2018 World's leading search engine company google acquires India's most downloaded train app known as "Where is my train" in a undisclosed deal. As per the sources, the deal value is around $30-35 million. India's most downloaded train app curretly have 10 million users. Where Is My Train displays real-time updated train schedules and...
ACQUISITION

December 7th, 2018 Japanese electronics firm Pioneer become a wholly owned unit of a Hong Kong-based fund in a deal worth $904 million. Pioneer, known for its audio equipment as well as car electronics systems, said Baring Private Equity Asia has agreed on a 102-billion-yen ($904 million) plan to revive the struggling Tokyo-based company. Baring will...
ACQUISITION

November 29th, 2018 The popular IT services company TCS has reportedly acquired a consulting firm specializing in retirement services known as BridgePoint Group. The financial details of the deal have not been disclosed. The company stated that the acquisition would boost its financial services and insurance domain knowledge, particularly in the area of...
ACQUISITION

November 27th, 2018 Future Group’s founder Kishore Biyani is negotiating an agreement with Amazon that will offer the company the option to buy him out in the future. Both sides are drafting a call and put option in their share purchase agreement that will allow Amazon to call for Biyani’s stake in flagship Future Retail Limited (FRL) over the long...
ACQUISITION

November 26th, 2018 HDFC Ergo General Insurance is in advanced talks to acquire Apollo Munich Health Insurance for around Rs 2,600 crore. This acquisition will see the exit of German reinsurance company Munich Re. Munich Re holds 49% stake in Apollo Munich while Chennai-based Apollo Hospitals, promoted by Prathap C Reddy and his family, holds 51% stake...
ACQUISITION

November 24th, 2018 The popular Swiss manufacturer of keyboards and webcams, Logitech is reportedly in talks to acquire and take over a U.S. maker of Bluetooth earpieces and gaming headsets known as Plantronics. If the deal goes through, it would be Logitech's largest acquisition and would illustrate the company's push to diversify its business. It...
ACQUISITION

November 22nd, 2018 US-based Ness Digital Engineering which is a digital engineering services firm is in advanced talks to acquire two companies in the cloud space. Also, the firm is planning to hire 1000 people to its workforce over the next year. “We completed one acquisition in April… we are in discussion with two other potential partners in the...
ACQUISITION

November 21st, 2018 The American software company Autodesk has announced its plans to acquire PlanGrid for $875 million. Autodesk which is based in San Francisco helped move blueprints from paper to the iPad when it launched in 2011. “There is a huge opportunity to streamline all aspects of construction through digitization and automation. The...
ACQUISITION

November 20th, 2018 The popular healthcare startup Cure.fit has reportedly acquired a Bengaluru-based mental health platform Seraniti. Following the acquisition, the company will have over 70 centres for this vertical. Also, with this, it is trying to boost its mental wellness business Mind.fit. As a part of the deal, Cure.fit will onboard Seraniti's...
ACQUISITION

November 19th, 2018 The phone maker BlackBerry has raised its bets on artificial intelligence and cyber-security. The company has acquired a California-based machine-learning specialist known as Cylance. The deal has been finalised for $1.4 billion (roughly Rs. 10,063 crores). Blackberry, the Canadian technology company which dominated the smartphone...
ACQUISITION

November 15th, 2018 The international technology giant Microsoft has reportedly acquired an Austin-based software developer called Xoxco. This acquisition has marked the fourth AI-related company Microsoft has purchased this year. Founded in 2009, Xoxco has raised $1.5 million. It began working on bots in 2013, and is credited with developing the first...
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