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China’s Ctrip.com Acquires Online Travel Company Skyscanner in $1.74 billion Deal

24Nov By reutersNo Comments

ACQUISITION

China’s Ctrip.com Acquires Online Travel Company Skyscanner in $1.74 billion Deal

Ctrip.com International Ltd , China's biggest online travel company, said on Wednesday it agreed to buy travel search website Skyscanner Holdings Ltd in a deal valuing the Scotland-based company at about 1.4 billion pounds (USD 1.74 billion). Ctrip's shares were up 9.2 percent at USD 44.75 in extended trading. Skyscanner, a result of CEO and co-founder Gareth Williams' frustration with finding cheap flights, enables users to compare prices from different travel sites when searching for flights, hotels, and rental cars. The website currently serves 60 million monthly active users and is available in over 30 languages. Skyscanner was reported to be exploring a sale or an initial public offering. The company was valued at USD 1.6 billion in a funding round in January, when it raised ...

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

17Nov By AdityaNo Comments

ACQUISITION

Facebook Acquired Facial Recognition Startup FacioMetrics To Challenge Snapchat

Social media giant Facebook acquired facial recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. "How people share and communicate is changing and things like masks and other effects allow people to express themselves in fun and creative ways," a Facebook spokesperson said in an email. "We're excited to welcome the FacioMetrics team who will help bring more fun effects to photos and videos and build even more engaging sharing experiences on Facebook." Silicon Valley-based Facebook did not disclose financial terms of the deal to buy FacioMetrics, which was spun out of Carnegie Mellon University in Pennsylvania. FacioMetrics was founded in 2015 and specializes in using artificial intelligence to give facial...

Facebook Acquired Social Media Content Tracker CrowdTangle

13Nov By NitishNo Comments

ACQUISITION

Facebook Acquired Social Media Content Tracker CrowdTangle

Facebook on Friday announced it has bought startup CrowdTangle, which specializes in tracking hot content on social networks for media agencies and others. "Publishers around the world turn to CrowdTangle to surface stories that matter, measure their social performance and identify influencers," a Facebook spokesperson said in an email statement to AFP. "We are excited to work with content tracking team to deliver these, and more insights to more publishers." CrowdTangle confirmed the acquisition in a message at its website, but neither company disclosed financial terms of the deal. In its press release the company said that its technology helps identify stories picking up traction and influential sources as well as their performance on social networks. The startup claimed that...

Paytm Acquired Delhi Based O2O Startup Shopsity

12Nov By PriyankaNo Comments

ACQUISITION

Paytm Acquired Delhi Based O2O Startup Shopsity

India's largest mobile payments and commerce platform Paytm has acquired a Delhi-based startup Shopsity, a O2O solutions to small retail stores. Earlier This move is in line with Paytm’s vision to create strong seller-focused services for its offline merchants. Shopsity is focused on small unorganized retailers, providing them with tools to attract and retain customers. Co-founders Danish Ahmed and Gaurav Arya have joined Paytm’s management and are actively working to strengthen seller services for the 800,000 strong offline sellers on the Paytm ecosystem. ”Shopsity has done a great job at providing innovative solutions to small offline retailers. By integrating their technology with our advanced seller services, we will be able to offer additional solutions to our fast-growing famil...

Tesla Buys German Automation Firm Grohmann to Drive Up Production

8Nov By PriyankaNo Comments

ACQUISITION

Tesla Buys German Automation Firm Grohmann to Drive Up Production

US electric car maker Tesla today said it would buy German engineering firm Grohmann to help ramp up production at its heavily-automated factories. "Several critical elements of Tesla's automated manufacturing systems will be designed and produced" in Pruem in western Germany, the California-based firm said in a statement. Tesla, founded by tech billionaire Elon Musk, aims to produce 500,000 cars per year by 2018 after taking some 370,000 pre-orders for its mass-market Model 3, which will sell for around USD 35,000 (just under 32,000 euros). This year, the firm hopes to build between 80,000 and 90,000 units of its luxury Model S and Model X vehicles, 50,000 of them in the second half. "The key to making electric cars affordable are economies of scale and automation in order to h...

4Nov By NitishNo Comments

ACQUISITION

NTT DATA Closes Acquisition of Dell Services

NTT DATA, Inc. today announced its acquisition of Dell Services has closed, expanding the company’s brand and IT services leadership globally. The newly acquired business, which on an interim basis will be called NTT DATA Services, expands NTT DATA’s ability to deliver insights, solutions and outcomes that lead to tangible business results for clients. “Welcoming Dell Services into NTT DATA is a milestone acquisition in our effort to partner with clients as they navigate the digital disruptions in today’s markets,” said Toshio Iwamoto, president and CEO of NTT DATA Corporation. “As a top 10 global business and technology services provider, we have been aggressively expanding our international business, boldly pursuing growth as a ‘Global IT Innovator.’ The acquisition of Dell Service...

Zensar Technologies Acquires Design Agency Foolproof Ltd

3Nov By PriyankaNo Comments

ACQUISITION

Zensar Technologies Acquires Design Agency Foolproof Ltd

Zensar Technologies, a wholly owned subsidiary Company of Zensar Technologies Limited and the shareholders of Foolproof Ltd. today announced that they have entered into a definitive agreement for Zensar to acquire Foolproof Limited along with its two wholly owned subsidiary companies in UK and one wholly owned subsidiary Company in Singapore for an undisclosed sum. Under the terms of the agreement, Foolproof will now be a wholly-owned subsidiary of Zensar Technologies (UK) Ltd. The deal will be financed by internal accruals, and will be EPS positive for the company. Foolproof is one of Europe’s leading experience design agencies, headquartered in London with other offices in Norwich and Singapore. The company helps global brands design better, and more relevant, digital products and ...

Amazon to Buy Publishing Business of Tata-Owned Westland

29Oct By PriyankaNo Comments

ACQUISITION

Amazon to Buy Publishing Business of Tata-Owned Westland

US-based e-commerce giant Amazon today said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum. The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, Amazon said in a statement here. Earlier this year, the online marketplace had acquired a 26 per cent stake in the Tata-owned publishing company, "Our acquisition of Westland continues our commitment to India -- enabling Amazon to bring Westland's highly talented authors and their books to even more customers in India and around the world," said Amit Agarwal, Vice-President and Country Manager at Amazon India. "Since investing in Westland earlier this yea...

Qualcomm Nears $37Bn Deal to Buy NXP Semiconductors: Source

23Oct By reutersNo Comments

ACQUISITION

Qualcomm Nears $37Bn Deal to Buy NXP Semiconductors: Source

Qualcomm is nearing a deal to acquire NXP Semiconductors for around $37 billion, a person familiar with the matter said on Friday, as the U.S. company seeks to expand the reach of its chips from phones to cars. The deal would make San Diego-based Qualcomm, which supplies Android smartphone makers and Apple, a bigger supplier to the automotive industry as it grapples with slowing smartphone sales and stiff competition from Chinese and Taiwanese rivals. The acquisition of NXP by Qualcomm for $110 per share in cash could be announced within days, although there is always a possibility of a last-minute glitch, the source said, asking not to be identified because the negotiations are confidential. NXP shares dropped 2.5% on the news to $101.90, while Qualcomm shares were up 2.2...

Wipro Secretly Acquired a US Based Cloud Service Company Appirio

21Oct By PriyankaNo Comments

ACQUISITION

Wipro Secretly Acquired a US Based Cloud Service Company Appirio

Wipro Limited, India's leading information technology, consulting and business process services company announced that it has signed a definitive agreement to acquired Appirio, for USD 500 Million. Established in 2006, Appirio, a global cloud services company that creates next generation worker and customer experiences. Appirio is headquartered in Indianapolis with offices in San Francisco, Dublin, London, Jaipur, and Tokyo and has 1250 employees worldwide. The US based company is a trusted partner to some of the world’s leading brands, including Stryker, Robert Half, Johnson Controls, Cardinal Health, Coca-Cola, eBay, Facebook, Home Depot, and Sony PlayStation. Once completed, Wipro’s acquisition of Appirio will create one of the world’s largest cloud transformation practices, a game...

Makemytrip And Ibibo Group Announced Merger

18Oct By NitishNo Comments

ACQUISITION

Makemytrip And Ibibo Group Announced Merger

MakeMyTrip Limited and ibibo Group (owned by global technology group Naspers Limited, have agreed to pursue a transaction that will combine the two businesses under MMYT, creating one of the leading travel groups in India that provides a one-stop shop for all Indian travellers and serves as a critical partner for travel industry suppliers. The combination will bring together a bouquet of leading consumer travel brands, including MakeMyTrip, goibibo, redBus, Ryde and Rightstay, which together processed 34.1 mm transactions during FY2016. The transaction is expected to unlock value for customers, supply partners and shareholders, by combining the complementary strengths of each business. MakeMyTrip brings its strong brand, robust mix of domestic and outbound hotels and packages busines...

Indian Startup Binge Got Acquired by California-based vMobo For $3.5 Million

18Oct By NitishNo Comments

ACQUISITION

Indian Startup Binge Got Acquired by California-based vMobo For $3.5 Million

Bengaluru Based Binge, an Indian fintech app which aggregates mobile wallets for restaurant bill payments, has been acquired by California-based direct marketing company vMobo. The amount of the acquisition was for $3.5 million. Binge's technology was integrated with the larger entity in June, while the legalities of the merger were completed this month. The acquisition, which also includes a merger with Mumbai-based styling startup Dapper Don, has resulted in the launch of a network marketplace of about 120 brands, called VClusive, which was launched over the weekend. The brands range across lifestyle and fashion products as well as luxury experiences in beauty and wellness, and food and beverages sectors. vMobo's main product Vcloud - a cloud network for multi brand rewards ...