Industry Updates Archives - Page 2 of 6

Wal-Mart acquires Jet for $3.3 billion to fight Amazon!

The news… In a recent –– it has been announced for what is being called as one of the biggest eCommerce acquisitions ever that, Wal-Mart Stores has entered into a definite agreement to acquire Jet.com today for a whooping $3 Bn in cash. By making the purchase of Jet.com; Wal-Mart has entered the list of […]

Big Bazaar & PayTM – A Winning Partnership

The News… In a recent development made on the 4th of August; Kishore Biyani-led Future Group (that holds a range of retail and fashion outlets such as Big Bazaar, Ezone, EasyDay, Brand Factory, FutureBazaar, etc) is all set to create a mega coalition of offline-online retail: Big Bazaar and PayTM, to extend the reach of […]

Prisma: the 2-month- old application that transforms an photos into artistic styles of famous artists like: Van Gogh, Picasso, Levitan, etc…

What is Prisma? Developed by Prisma labs Inc that is HQ’d in Moscow (founded by Alexey Moiseenkov) and released on 11th June of 2016, Prisma is a photo-editing application that makes use of Neural Network and Artificial Intelligence (AI) to transform an image into an artistic effect. Well, technically it’s not a photo-editing app! And […]

Flipkart (Myntra) acquires Jabong, and becomes the undisputed market leader of fashion and lifestyle segment with 60-70% market share!

The news…. Flipkart-owned Myntra recently acquired its industry rival Rocket Internet-backed Jabong from Global Fashion Group for $70 Million. The negotiations were led by Nishant Verman – Head of Corporate Development at Flipkart, along with the founders of Flipkart Sachin and Binny Bansal. As per Myntra’s CEO, Ananth Narayanan – Myntra and Jabong would be […]

Verizon to combine its latest purchase – Yahoo with AOL, to create the third-largest digital ad network in the US

The News… Verizon Communications Inc and Yahoo! Inc (which stands for: “Yet Another Hierarchically Organized Oracle”) announced today that Verizon will be acquiring Yahoo’s core operating business for approximately $4.83 billion in cash, and have entered into a definitive agreement. This, of course is much lesser than $44 Bn that they had once been offered […]

SoftBank bets on the future of Internet Of Things, and acquires ARM Holdings for $31.4 Billion

The News… Japan-based SoftBank Group (SBG) and UK-based ARM Holdings has entered into an agreement wherein Softbank would be acquiring ARM for a whooping $31 Billion (£24 Billion) in an all cash transaction. This is a price that is more than 70 times of ARM’s net earnings in 2015. Softbank Group is a telecommunications and […]

Avast Acquires AVG for $1.3 Billion and reshuffles the computer security deck!

About the acquisition — Avast acquires AVG It has recently been announced that Security giant Avast has acquired fellow Czech-based antivirus software maker AVG for a whooping total of around $1.3 Bn. Started 25 years ago in Prague, Avast Software is the maker of mobile and PC security in the world and provides protection to […]

SAP joins the likes of Microsoft, Oracle, Target, etc, and launches their accelerator programe – SAP Start-up Studio!

With many multinational giants partnering with start-ups to leverage their technology solutions in the market; corporate incubation and accelerator programmes have started to take the centre stage in the last few years. However, the Indian start-up ecosystem still remains to be ripe. There still are a lot of gaps that need to be filled in […]

Aditya Birla Fashion and Retail triumphs Myntra, and acquires Forever 21 for $26 Million

The news… So the latest news is that “Aditya Birla Fashion and Retail” or as they like to call themselves – ABFRL, has acquired the global clothing brand “Forever 21” in the Indian market for $26 Mn (that is ₹175.52 crores approx). They have executed a business transfer (not share transfer) agreement with “Diana Retail” […]

Eros Now partners with Micromax to offer digital content

The News: Eros International Plc, a leading company in the Indian film entertainment industry that operates Eros Now, recently announced that it had got into a strategic partnership with its Indian counterpart, and the 2nd largest mobile vendor in India – Micromax Informatics to offer digital content to the consumers. Eros Now is Eros International […]