Olacabs to take on Uber in India with acquisition of TaxiForSure for $200 million

By on March 2, 2015 at 2:59 PM.

Olacabs to take on Uber in India with acquisition of TaxiForSure for $200 million

Taxi service aggregator Olacabs has acquired its rival TaxiForSure in a cash and equity deal worth $200 million. “Furthering its mission to revolutionize personal transportation in the country, Ola announced that it has acquired TaxiForSure for $200 million in a cash and equity deal,” the company said in a statement today. More →
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Snapdeal targets the luxury fashion sector with acquisition of designer wear portal Exclusively

By on February 18, 2015 at 2:40 PM.

Snapdeal targets the luxury fashion sector with acquisition of designer wear portal Exclusively

Expanding its presence in the high-end fashion segment, online marketplace Snapdeal has acquired luxury fashion portal Exclusively.com for an undisclosed amount. With this acquisition, the e-commerce firm that gets a little over $1 billion in gross merchandise value (GMV) from its fashion business, expects this figure to touch $2 billion by the end of the current calendar year. More →
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Hike acquires US-based VoIP service provider Zip Phone

By on January 8, 2015 at 1:06 PM.

Hike acquires US-based VoIP service provider Zip Phone

Indian messaging app Hike today announced its acquisition of Zip Phone. The latter is a US-based voice calling app maker, which lets users make calls over Wi-Fi. Neither of the companies has revealed the financial details of the acquisition. More →
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Amazon India moves closer to buying Jabong for $1.2 billion: Report

By on November 27, 2014 at 3:58 PM.

Amazon India moves closer to buying Jabong for $1.2 billion: Report

The first report claiming that Amazon India was looking at acquiring Jabong surfaced online last month. Now, the folks at VCCircle have some additional information saying that the e-commerce company is in advanced talks to acquire the fashion portal for somewhere around $1.2 billion. More →
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Microsoft accidentally announces its acquisition of email startup Acompli

By on November 27, 2014 at 9:32 AM.

Microsoft accidentally announces its acquisition of email startup Acompli

Microsoft may have accidentally announced its acquisition of popular email client Acompli. First spotted by BetaNews, a short, unfinished post authored by Microsoft corporate vice president Rajesh Jha appeared on the company's official blog which was shortly pulled. The post made the company’s move to buy the email startup official. More →
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Google acquires Emu, a messaging service with Siri like assistant

By on August 7, 2014 at 3:29 PM.

Google acquires Emu, a messaging service with Siri like assistant

Google has acquired an instant text messaging based service named Emu which was known for featuring a built-in virtual assistant in the app. First reported by Techcrunch, the announcement of the acquisition was made through a blog post by EMU team, however size of the deal has not yet been disclosed by these companies. Emu service was created by Gummi Hafsteinsson, who had a stint in Google for its Maps and Voice Search services, and was one of the leads behind Apple’s Siri virtual assistant. More →
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One reason the Beats deal could be a huge mistake for Apple

By on May 24, 2014 at 2:47 PM.

One reason the Beats deal could be a huge mistake for Apple

Apple’s plan to buy up Beats has left many analysts scratching their heads and wondering why Tim Cook and the crew at Cupertino are spending $3.2 billion to acquire an audio hardware and software company. Writing over at Techpinions, Jackdaw analyst Jan Dawson explains that many people are worried that the Beats deal might be a sign that Apple has started to listen too much to the outside noise from Wall Street investors demanding that it make flashy, aggressive moves to reignite its growth. More →
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Flipkart acquires Myntra, to invest $100 million

By on May 22, 2014 at 1:49 PM.

Flipkart acquires Myntra, to invest $100 million

Flipkart today announced it has acquired Myntra, a rival online retailer that focuses on fashion. The company said it had acquired 100 percent stake in Myntra though it didn't reveal the deal size. Earlier reports have suggested the acquisition to be in excess of $300 million. More →
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Google acquires Divide for Android push in enterprise BYOD setups

By on May 20, 2014 at 10:45 AM.

Google acquires Divide for Android push in enterprise BYOD setups

Google has acquired mobile service company Divide, which lets company IT managers demarcate work and personal profiles on employees' smartphones. The acquisition comes at a time when corporations have to deal with the "bring your own device" trend and BlackBerry has fallen out of favor with most users. More →
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Dr. Dre all but confirms Apple’s $3.2 billion acquisition of Beats Electronics in a Facebook video

By on May 9, 2014 at 3:24 PM.

Dr. Dre all but confirms Apple’s $3.2 billion acquisition of Beats Electronics in a Facebook video

The Internet has been abuzz this morning with news of Apple’s plans of buying Beats Electronics for $3.2 billion. While neither of the companies has issued an official statement, Dr. Dre himself has jumped the gun and all but confirmed the deal in a Facebook video uploaded by Hollywood actor Tyrese Gibson. More →
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