September 20, 2016 0 Comments
Japan-based SoftBank, one of the largest technology companies in the world, has recently acquired British chip maker ARM Holdings for $31.4 billion. Headquartered in Cambridge, England, ARM Holdings provides chips to 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices. As part of the acquisition, ARM will now be delisted from the London Stock Exchange. According to sources, ARM was acquired to boost SoftBank’s Internet of Things (IoT) plans. The deal could give SoftBank the technological edge that it needs to transform itself from a telecoms company into a global leader with a platform focused on the IoT. It will also allow Japan to regain control of the memory chips market, which has been dominated by the UK and South Korea.
September 13, 2016 0 Comments
Automakers worldwide have been investing heavily in the ride-sharing market. Toyota is now in collaboration with Uber, Volkswagen has poured millions of dollars into Gett, and General Motors has invested in Lyft. This week, Ford Motor Company’s Smart Mobility has acquired Chariot for an undisclosed amount. Chariot is a San Francisco-based commuter ride-sharing startup that crowdsources its routes as well as its pickup and drop-off locations. Incidentally, the startup has been using Ford’s 15-seater Transit vans since it started operations. According to Ford, the move will make Chariot the foundation of its mobility and shuttle programs, which will be launched in other markets soon. The acquisition will allow Ford to integrate itself into the the booming and highly competitive ride-sharing market, while Chariot will be able to leverage Ford’s logistics and vehicle operations expertise and expand beyond San Francisco.
August 3, 2016 0 Comments
After suffering huge losses in China, Uber China is finally surrendering its operations to its homegrown rival, Didi Chuxing. The deal, which will create a merged company worth around $35 billion, will end one of the ride-hailing industry’s biggest rivalries. According to sources, the terms of the deal includes Didi acquiring Uber’s brand, business and data in China, whilst Uber investors will reportedly hold a 20% stake of the combined company. Didi will also invest $1 billion in Uber’s global company as part of the deal. According to analysts, this deal allows Uber to focus on other regions that it operates in, new product development such as UberEats and a possible IPO down the track.
July 26, 2016 0 Comments
Verizon Communications has agreed to acquire Yahoo for $4.8 billion. The deal is said to include Yahoo’s internet business and some real estate. The acquisition marks the incredible fall of one of the Internet’s most iconic companies that once had a market capitalization of more than $125 billion. Marissa Mayer is expected to stay following the acquisition, though it is unclear at this stage if she will remain as CEO. For Verizon, Yahoo is another addition to its growing digital media business that now includes TechCrunch, The Huffington Post, Moviefone, Weblogs, Inc., among others.
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