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13Jan By AdityaNo Comments

ACQUISITION

Byju’s to acquire Aakash Institute for $1 billion

New Delhi, 13th Jan 2021: India based leading Edtech platform Byju's will acquire one of the established coaching institutions of India Aakash Educational Services, that provides test preparation for NEET, IIT JEE Main and many others, for $1 billion. The Byju's app has over 70 million registered students and 4.5 million annual paid subscriptions. The deal, termed as one of the largest edu-tech acquisition in the world, will likely be closed in the next two or three months, as per Bloomberg reports. Byju's is valued at $12 billion and has raised significant capital amid growing demand for online learning amid the covid-19 pandemic. The Bengaluru-based startup is backed by Facebook founder Mark Zuckerberg's Chan Zuckerberg Initiative, Tiger Global Management and Bond Capital, c...

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

21Dec By AnkitaNo Comments

ACQUISITION

RealPage to be Acquired by Thoma Bravo for $10.2 Billion

SAN FRANCISCO, 21st December 2020-- RealPage, Inc. (NASDAQ: RP), a leading global provider of software and data analytics to the real estate industry has entered into a definitive agreement to be acquired by Thoma Bravo, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt. Under the terms of the agreement, RealPage stockholders will receive $88.75 in cash per share of RealPage common stock upon the closing of the transaction. Upon completion of the transaction, RealPage expects to continue operating under the leadership of Chairman and CEO Steve Winn and the existing RealPage leadership team based in Richardson, Texas. “RealPage’s industry-leading platform is critical to the real estate ecosystem and has tremendous potential going for...

Hyundai Motor acquire 80% stake in Boston Dynamics from SoftBank Group

14Dec By PriyankaNo Comments

ACQUISITION

Hyundai Motor acquire 80% stake in Boston Dynamics from SoftBank Group

SEOUL, South Korea, Dec. 14, 2020-- Hyundai Motor Group will acquire 80% stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. Financial terms were not disclosed. Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. The acquisition will mark another major step for Hyundai Motor Group toward its strategic transformation into a Smart Mobility Solution Provider including in fields such as autonomous driving technology, connectivity, eco-friendly vehicles, smart factories, advanced materials, artificial intelligence (AI), and robots. Boston Dynamics produces highly capable mobile robots with ...

Reddit Acquires Short Video Making Platform Dubsmash

14Dec By AdityaNo Comments

ACQUISITION

Reddit Acquires Short Video Making Platform Dubsmash

Calif., San Jose, Dec 14, 2020: Communities based social media platform Reddit has acquired short-form video social platform Dubsmash. The details of the deal have not been disclosed. In 2017, Reddit launched its first native video platform and now looking at the future growth Reddit want to expand in this area and dubsmash acquisition is just one of the example. Reddit in its press release said, "Video is increasingly core to how people want to connect, and as we continue to grow our community, we’re committed to providing the best possible tools users need to find, create, and interact with one another through video. " After this acquisition, Reddit will integrate Dubsmash’s innovative video creation tools, which empower Reddit’s own creators to express themselves thro...

Synechron acquires Australian Tech firm Attra

12Dec By AdityaNo Comments

ACQUISITION

Synechron acquires Australian Tech firm Attra

Melbourne, 12th December 2020: IT company Synechron acquire Australian technology services and solutions provider firm Attra. Synechron did not disclose the deal consideration but announced that the acquisition is its biggest yet and will increase top-line by USD 100 million to USD 650 million, and also add 2,000 employees to take its overall headcount to over 10,000. Melbourne-headquartered Attra was incorporated in 1995 and provides consulting, application development, maintenance and engineering services to clients across the payments value chain worldwide, as per a statement. "The acquisition of Attra enables us to strengthen our service offerings. The enhanced competencies that Attra brings will allow us to further advance our clients'' banking and digital payment technology ...

Joby Aviation acquires Uber Flying Taxi Business

9Dec By AnkitaNo Comments

ACQUISITION

Joby Aviation acquires Uber Flying Taxi Business

Santa Cruz, Calif. and San Francisco, Dec 09, 2020— Joby Aviation, a transportation company developing an electric, vertical take-off and landing passenger aircraft raises $75 million in funding from Uber and acquires Uber Flying Taxi Business 'Uber Elevate. The investment from Uber comes in addition to a previously undisclosed $50 million investment made as part of Joby’s Series C financing round in January 2020. Under the terms of this deal, Joby Aviation will acquire Uber Elevate, while the two parent companies have agreed to integrate their respective services into each other’s apps, enabling seamless integration between the ground and air travel for future customers. Joby Aviation is planning to launch their Air Taxi service in 2023. Established in 2016, Uber Elevate has ...

Google Acquire Data Mining Startup Dataform

9Dec By PriyankaNo Comments

ACQUISITION

Google Acquire Data Mining Startup Dataform

London, 9th December 2020: Uk based data analytics platform Dataform is joining Google Cloud, the announcement came from Dataform blog. Dataform will continue to be run and maintained by the same 7 members team under the part of Google Cloud. Launched in 2017 by Guillaume-Henri Huon & Lewis Hemens, Dataform enables entire data to collaboratively develop, test, and share with business on which they make decisions. As part o the deal, Dataform Web will be free for all new users and existing customers will be transitioned onto the free plan immediately. "Throughout our journey we’ve been focused on giving data analysts and data engineers the tools they need to take raw, messy data, transform it, and put it into the hands of their organization. We’ve only just scratched the su...

Aurora acquires Uber’s self-driving Unit, Raises $400 Million from Uber

8Dec By AnkitaNo Comments

ACQUISITION

Aurora acquires Uber’s self-driving Unit, Raises $400 Million from Uber

Aurora acquires Uber’s self-driving unit, Advanced Technologies Group (ATG) to accelerate and deliver it first product safely & quickly. Founded in 2017, Aurora is working on self-driving technology. The company is building the Aurora Driver, a platform that brings together software, hardware and data services to operate passenger vehicles, light commercial vehicles, and heavy-duty trucks across a range of applications. In addition to acquiring ATG, the company announced a strategic partnership with Uber that connects aurora technology to Uber's ride-hailing platform and an investment of $400 million in Aurora from Uber. After this deal Uber CEO Dara Khosrowshahi will join Aurora Board. “Few technologies hold as much promise to improve people’s lives with safe, accessible,...

7Dec By AdityaNo Comments

ACQUISITION

Apparel Brand Supreme acquired by VF Corp for $2.1 billion

VF Corp, the owner of Vans, Timberland, and The North Face clothing brand has acquired the famed streetwear brand Supreme in a deal worth $2.1 billion. The Carlyle Group and Goode Partners, are selling their stakes in the Supreme brand. This deal comes three years after private equity firm The Carlyle Group bought a 50% stake in the streetwear brand for $500 million, which valued Supreme at $1 billion. This is the same Carlyle Group who owned 50% stake for $500m in Beats Electronic and sold their stake to Apple for $3 billion just after eight months of the deal. Supreme sells apparel, accessories and footwear under its namesake brand globally through direct-to-consumer channels, primarily digital. The Supreme brand’s founder, James Jebbia and the senior leadership team of t...

FedEx to acquire eCommerce platform ShopRunner

7Dec By AnkitaNo Comments

ACQUISITION

FedEx to acquire eCommerce platform ShopRunner

MEMPHIS, Tenn., 7th December 2020-- Logistics company FedEx acquires ShopRunner, the e-commerce platform that connects online shoppers with their favorite merchants and brands. ShopRunner connects millions of consumers to more than 100 of their favorite brands, offering a seamless shopping experience across merchants, from inspiration through delivery. ShopRunner’s data-driven marketing and omnichannel enablement capabilities also help merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner’s e-commerce platform. “The acquisition, once closed, aligns with our continued efforts to create an open, collaborative e-commerce ecosystem that helps merchants deliver seamless experiences for their customers,” said Raj Subramaniam, president, and...

Salesforce acquires workplace app Slack for $27.7 billion

3Dec By AnkitaNo Comments

ACQUISITION

Salesforce acquires workplace app Slack for $27.7 billion

SAN FRANCISCO, 3rd Dec. 2020-- Salesforce (NYSE: CRM), the global leader in CRM acquire ost innovative enterprise communications platform Slack Technologies, Inc. (NYSE: WORK) for $27.7 billion. Combining Slack with Salesforce Customer 360 will be transformative for customers and the industry. The combination will create the operating system for the new way to work, uniquely enabling companies to grow and succeed in the all-digital world. "Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it,” said Marc Benioff, Chair and CEO, Salesforce. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital,...

Facebook Acquires Chatbot Startup Kustomer

1Dec By AdityaNo Comments

ACQUISITION

Facebook Acquires Chatbot Startup Kustomer

Social media platform Facebook acquire Kustomer, a customer service chatbot for an undisclosed sum. But according to The Wall Street Journal sources the deal has valued the company around $1 billion. Kustomer is an omnichannel CRM platform that brings customer conversations from various channels together into a single-screen view. It helps businesses automate repetitive tasks so their agents can maximize the time and quality of interactions with customers. Facebook plans to use Kustomer’s bot in its Whatsapp and messenger service to scale the client's businesses and innovate its product offering via automation. Facebook in its press release said, "We’ve witnessed this shift firsthand as every day more than 175 million people contact businesses via WhatsApp. This number is growing ...