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Yahoo, AOL to be acquired by Apollo Funds for $5 billion

4May By AdityaNo Comments

ACQUISITION

Yahoo, AOL to be acquired by Apollo Funds for $5 billion

NEW YORK May 4, 2021 - Verizon media will be acquired by affiliates of Apollo the “Apollo Funds” for $5 billion. Verizon Media is comprised of iconic brands such as Yahoo and AOL, as well as leading ad tech and media platform businesses. Verizon will retain a 10% stake in the company, which will be known as Yahoo at the close of the transaction and continue to be led by CEO Guru Gowrappan. The corporate carveout will allow Verizon Media to aggressively pursue growth areas and stands to benefit its employees, advertisers, publishing partners and nearly 900 million monthly active users worldwide. “We are excited to be joining forces with Apollo,” said Guru Gowrappan, CEO, Verizon Media. “The past two-quarters of double-digit growth have demonstrated our ability to transform our med...

Baidu Partners With US Chipmaker to Bolster Project Apollo

12Jul By Gauri SinghNo Comments

CHINA

Baidu Partners With US Chipmaker to Bolster Project Apollo

Amercian data conversion and signal processing company Analog Devices (ADI) has entered into a collaboration memorandum of understanding (MOU) with China’s biggest technology company Baidu, for the purpose of improving and developing the Chinese company’s autonomous driving technologies. The partnership was taken forward on Tuesday and it is expected to bolster the autonomous driving solutions for Project Apollo, Baidu’s autonomous driving system platform, including sensor fusion, algorithms and ecosystem partners. The US and the Chinese company will together share resources and set up sensing and navigation applications such as RADAR and LIDAR for Project Apollo, and also and digital signal processing (DSP) products. “ADI offers groundbreaking advantages in autonomous driving, cabin e...

5Jul By Gauri SinghNo Comments

CHINA

China’s Baidu To Launch Autonomous Bus Service Apolong

Chinese technology giant, Baidu announced on Wednesday that the company has started with the massive production of Apolong, China’s very first autonomous mini-buses and will be launched very soon. The bus will seat 14 people in total and will carry passengers from tourist areas, parks, industrial campuses, airports and other locations. The Apolong is a level four autonomous vehicle, which means that the vehicle can work in enclosed places safely without any human interaction. "2018 marks the first year of commercialisation for autonomous driving. From the mass production of Apolong, we can truly see that autonomous driving is making great strides -- taking the industry from zero to one," said Robin Li, CEO of Baidu. The Apolong will be about one-third of the size of a normal bus and w...

India’s drug stores plan protest against online pharmacy

10Oct By AnkitaNo Comments

News

India’s drug stores plan protest against online pharmacy

Reuters- As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers. The one-day nationwide strike on Oct. 14, called by the All India Organization of Chemists and Druggists (AIOCD) comes as a government panel started working on regulations for the sector. Healthcare provider Apollo Hospitals Enterprise Ltd plans to start online drug sales in India, while Zigy, and Sequoia Capital-backed 1mg already have e-pharmacies to tap a retail market IMS Health says is worth about $13 billion. (more…)