Friday, April 26

Tag: cash deal

Rental Service Ziffyhomes Acquires Nivaasa in all Cash Deal
12Apr By NitishNo Comments
ACQUISITION

Rental Service Ziffyhomes Acquires Nivaasa in all Cash Deal

ZiffyHomes, a Delhi based home rental service acquired Nivaasa, a Gurgaon-headquartered home rental platform for an undisclosed amount. The acquisition happened in cash. The company had earlier acquired competitor Fellahomes this year to become one of the largest aggregators of Exclusive Rental Properties in Delhi NCR. The acquisition will help Ziffy to expand in the premium category apartments across India Nivaasa, which currently operates in Gurgaon, Delhi, Mumbai, and Bangalore offers a professional way to rent a home. The startup created its own furnished living spaces and provides a house hunting service to home seekers looking for rentals in the open market. This apart, it also provides furnished and rental homes to people and allows them to customize the amount of furniture...
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Microsoft Acquired LinkedIn in $26 Billion Cash Deal
13Jun By NitishNo Comments
ACQUISITION

Microsoft Acquired LinkedIn in $26 Billion Cash Deal

On Monday, Microsoft Corp acquired LinkedIn Corporation for $196 per share in an all-cash transaction valued at $26.2 billion, inclusive of LinkedIn’s net cash deal. LinkedIn will retain its distinct brand, culture and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. Reid Hoffman, chairman of the board, co-founder and controlling shareholder of LinkedIn, and Weiner both fully support this transaction. The transaction is expected to close this calendar year. “Just as we have changed the way the world connects to opportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a chance to also change the way the world works,” Weiner said. “For the last 13 years, we’ve been uniquely po...
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