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.
August 5, 2016 0 Comments
Walmart is reportedly currently in talks to acquire Jet.com, a rival of Amazon. In a transaction that could value Jet.com up to $3 billion, the deal is the latest in a string of buyouts in the ecommerce space that includes Bed Bath & Beyond’s acquisition of One King’s Lane and Hudson’s Bay’s purchase of the Gilt Groupe. The deal also highlights a growing trend in the O2O strategy being implemented in the retail environment. For Walmart, Jet.com will give finally give the retail giant the chance to revamp its online store and compete head-on with Amazon, which dominates the ecommerce space with a 41.2% market share.
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 29, 2016 0 Comments
Google recently announced that it is acquiring mobile app tool maker LaunchKit. Launched two years ago, LaunchKit offers a suite of tools aimed at making the development of mobile apps easier. These tools include Screenshot Builder, App Website Builder, Review Monitor and Sales Reporter. According to LaunchKit, these tools have helped more than 50,000 developers create, launch and monitor their apps. As part of the deal, LaunchKit’s team will be joining Google’s Developer Product Group. The company’s hosted services will be open-sourced and available on GitHub in the next 12 months, and discontinued thereafter.
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