Monday, November 18

Tag: Acquisition

Apple In Talks To Acquire Music Identification App Shazam – Source
9Dec By reutersNo Comments
ACQUISITION

Apple In Talks To Acquire Music Identification App Shazam – Source

Apple Inc is in talks to acquire Shazam Entertainment Ltd, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that song?” and the app will identify it. But Shazam has other features, such as the ability to identify television shows, that do not yet work with Siri. Tech news website TechCrunch reported the talks earlier, writing that Apple could pay about $400 million for Shazam and that a deal could be signed as early as next week. Shazam did not respond to a request for comment. Privately-held, UK-based Shazam has raised $1...
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AEON Learning Acquired Tech Startup Acadgild
30Nov By Press Trust of IndiaNo Comments
ACQUISITION

AEON Learning Acquired Tech Startup Acadgild

Edu-tech firm AEON Learning today said it has acquired Acadgild -- which offers high-end tech skills to mid-career IT professionals -- for about USD 10 million in an all-stock deal. "This is an all-stock deal, where the investors of Acadgild will receive shares of AEON Learning. This deal is valued at about USD 10 million," AEON Learning founder and CEO Karthik KS told PTI. AEON Learning offers technology to universities for their courses through its platform Avagmah. It reaches to 22,000 students across 66 countries, with 20 per cent business originating from the US. The company aims to tap into the fast growing online higher education market, which is pegged to be a USD 1.96 billion industry by 2021 (as per a latest KPMG-Google report), AEON Learning said in a statement. "This ...
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HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M
20Nov By AnkitaNo Comments
ACQUISITION

HomeLane Acquires Online Furniture Marketplace Capricoast For $13.8M

Bangalore based online furniture and home furnishing startup HomeLane has recently acquired modular home furniture marketplace Capricoast for $13.8 million. This acquisition will grant HomeLane to leverage tech stack of Capricoast to provide customers a more streamlined and better home designing experience. As part of the acquisition deal, the entire team of Capricoast comprising of 120 members will become part of HomeLane while its founder and CEO Jawad Ayaz will be joining the board of directors. Talking about the move, HomeLane co-founder and CEO Srikanth Iyer said, “This is a coming together of two big players in home design with complementary strengths and expertise. The Capricoast team brings with them a powerful technology back-end that will further strengthen our product offeri...
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Paytm To Acquire Little, Nearbuy For $30M
13Nov By PriyankaNo Comments
ACQUISITION

Paytm To Acquire Little, Nearbuy For $30M

One97 Communications owned Paytm is set to acquire two of the most funded deals site- Nearbuy (former Groupon India) and Little for a sum of $30 million TOI reported. SAIF Partners and Singapore's GIC backed Little Internet and Nearbuy, who had together raised more than $80 million capital will be sold for $30 million only, in a cash and stock transaction. Little Internet, which runs the Little app, had in 2015 racked up $50 million and later got on board GIC. Paytm and GIC are its significant shareholders after Tiger Global sold out from the company. While Gurgaon based Nearbuy, which broke off from its parent Groupon India in 2015, had scooped up a $20-million cheque from Sequoia Capital at the time. Also Recommended Uber Locks On Multibillion Dollar Deal With Japanese So...
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Ebix To Acquire Online Travel Platform Via.com
1Nov By AnkitaNo Comments
ACQUISITION

Ebix To Acquire Online Travel Platform Via.com

Ebix Inc, the parent company of ItzCash, has marked its fifth acquisition in India by acquiring Sequoia backed online travel portal Via.com, it said in a press statement. This acquisition marks U.S. based on demand software supplier Ebix's distribution network to over 224,000 outlets in South-east Asia, besides offering significant cross-selling opportunities for Ebix’s EbixCash (former ItzCash) Financial Exchange portfolio of products, the company said. Bengaluru based Via.com's enterprise value for the transactions was $74.9 million, which is expected to be carried out within few days. Via.com is a travel deals aggregator and ticket booking portal and sells holiday packages. Operated by Flightraja Travels Pvt. Ltd, it was founded back in 2007 by Vinay Gupta and Amit Aggarwal. ...
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Sony Pictures Acquired Zee Entertainment’s TEN Sports Network
18Sep By Press Trust of IndiaNo Comments
ACQUISITION

Sony Pictures Acquired Zee Entertainment’s TEN Sports Network

Zee Entertainment Enterprise (ZEEL) today said it has completed two-step sale of its sport business, TEN Sports Network, to Sony Pictures and received USD 36.32 million (about Rs 232 crore) in the second phase. In August last year, ZEEL had announced it would sell its sports channel Ten Sports to Sony Pictures Networks for USD 385 million in an all cash deal. The company and Sony Pictures Network India (SPNI) has "mutually concluded closure of transaction upon receipt of remittance of consideration of USD 36.32 million from SPNI", the company said in a BSE filing. ZEEL had in February completed the first phase of the sale for USD 330 million. ALSO READ Star India Bids Rs. 16347.50 Cr For IPL Media Rights For The Next Five Years     BookMyShow Becomes T...
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Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo
1Sep By AnkitaNo Comments
ACQUISITION

Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo

Sequoia Capital-backed online pharmacy 1mg has recently acquired Varanasi-based startup Dawailelo. The terms of the deal were not disclosed. “We are very keen on building a pan-India presence rapidly,” said Prashant Tandon, CEO of Gurgaon-based 1mg, which is pushing to expand operations in tier-II and -III cities. “The team at Dawailelo has done a great job understanding the requirements of the customers and has created a unique model that has shown great promise for tier II and III cities.” Founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013, Dawailelo is a healthcare startup which helps people connect with medical stores, doctors, pathology labs through its website and app. The startup has huge potential, realizing which Pixr8 covered their story while they were still in t...
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