Category: Business
InMobi’s Glance secures USD 145 million from Google and Mithril Capital
Author: Saipriya Iyer

img/business/inmobi-s-glance-secures-usd-145-million-from-google-and-mithril-capital.jpg The newly secured funds have allowed Glance to reach a valuation of around USD 1 billion. Glance also operates a popular video-sharing social media platform Roposo. Glance, one of ...

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Stitch Fix shares hike 33% post announcement of revenue growth
Author: Saipriya Iyer

img/business/stitch-fix-shares-hike-33-post-announcement-of-revenue-growth.jpg Stitch Fix shares have reportedly witnessed a surge of over 33 per cent in the after-hours trading following the company’s announcement of surprise profit and 10 per cent revenue ...

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Salesforce to purchase business communication s/w platform Slack
Author: Saipriya Iyer

img/business/salesforce-to-purchase-business-communication-s-w-platform-slack.jpg Cloud-based software major, Salesforce, has reportedly opened talks for the acquisition of American business communication software platform, Slack. A deal with regards to the same coul...

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HelloFresh US to take over leading provider of fresh meals Factor75
Author: Saipriya Iyer

img/business/hellofresh-us-to-take-over-leading-provider-of-fresh-meals-factor75.jpg Globally leading provider of meal kits, HelloFresh’s US subsidiary has reportedly signed an agreement for the acquisition of Factor75, Inc., a leading supplier of fresh and fully-...

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Western Union buys minority stake in Saudi Digital Payments Company
Author: Saipriya Iyer

img/business/western-union-buys-minority-stake-in-saudi-digital-payments-company.jpg Global cross-border payments leader, Western Union, has reportedly entered into a definitive agreement for the acquisition of a minority stake in the fast evolving and completely owned ...

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Palo Alto Networks buys Expanse for $800M worth in cash, equity awards
Author: Saipriya Iyer

img/business/palo-alto-networks-buys-expanse-for-800m-worth-in-cash-equity-awards.jpg Palo Alto Networks has reportedly announced plans for the acquisition of Expanse in an $800 million deal. The transaction involves an amount of $670 million in stock and cash with anoth...

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Nordic takes over BearingPoint’s regulatory tech business RegTech
Author: Saipriya Iyer

img/business/nordic-takes-over-bearingpoint-s-regulatory-tech-business-regtech.jpg Nordic Capital has reportedly announced its acquisition of RegTech, the regulatory technology business of BearingPoint. RegTech is a prominent supplier of software solutions for regulat...

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Alibaba Group to invest USD 3.6M in Sun Art Retail Group Limited
Author: Saipriya Iyer

img/business/alibaba-group-to-invest-usd-3-6m-in-sun-art-retail-group-limited.jpg Alibaba Group has reportedly announced plans to invest an approximate sum of USD 3.6 billion in the Chinese supermarket operator, Sun Art Retail Group Limited. The acquisition is specul...

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Microsoft to take over Bethesda Softworks’ parent org, ZeniMax Media
Author: Saipriya Iyer

img/business/microsoft-to-take-over-bethesda-softworks-parent-org-zenimax-media.png Microsoft Corporation has reportedly announced plans for the acquisition of the parent organization of Bethesda Softworks, ZeniMax Media, for a sum of $7.5 billion. Bethesda is reported...

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ByteDance aims to conduct TikTok IPO to win proposed U.S. deal
Author: Saipriya Iyer

img/business/bytedance-aims-to-conduct-tiktok-ipo-to-win-proposed-us-deal.jpg China’s tech giant ByteDance Limited is planning a U.S IPO (Initial Public offering) of TikTok Global, the new firm that will control the TikTok if its proposed deal is cleared by...

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