Alibaba to buy remaining shares in food delivery app Ele.me

Alibaba to buy remaining shares in food delivery app Ele.me

Chinese e-commerce giant Alibaba Group Holding Ltd announced it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd services for offline consumers. Alibaba and affiliate Ant Small & Micro Financial Services Group Co Ltd currently own approximately 43 percent of Ele.me, and the […]

Telco OVO Mobile buys AI-driven NICTA media spinout Incoming Media

Telco OVO Mobile buys AI-driven NICTA media spinout Incoming Media

Mobile telecommunications company OVO Mobile has acquired Incoming Media, a tech start-up spun out of NICTA (now Data61) for more than $13 million in order to use its technology to expand itself into an AI-driven mobile broadcasting platform. The acquisition, which has been completed in a scrip deal, will see the creation of OVOPlay as […]

Ericsson Emodo Beefs Up Its Ad Tech Chops With Placecast Acquisition

Ericsson Emodo Beefs Up Its Ad Tech Chops With Placecast Acquisition

Ericsson remains keen on ad tech. On February 14, the Swedish networking and telecom company announced its acquisition of Placecast, a combo data management and demand-side platform (DSP) for location data. Placecast is now part of Emodo, Ericsson’s programmatic mobile ad platform that helps telcos monetise their subscriber data. Emodo is housed within a newly […]

Facebook acquires ID verification startup Confirm.io

Facebook acquires ID verification startup Confirm.io

Facebook is buying a software firm that specialises in authenticating government-issued identification cards, the two companies said on January 23, a step that may help the social media company learn more about the people who buy ads on its network. US lawmakers have expressed alarm at Facebook’s limited ability to know who is buying advertisements, […]

Google buys UK startup Redux, which turns screens into speakers

Google buys UK startup Redux, which turns screens into speakers

Alphabet Inc.’s Google has quietly acquired a UK startup focused on technology that turns surfaces such as phone displays into speakers. Redux developed technology that eliminates the need for small speakers in mobile phones, freeing up space for batteries or other components, the Cambridge, UK-based startup said on its now defunct website. It is unclear […]

InMobi acquires Los Angeles based AerServ for $90 million

InMobi acquires Los Angeles based AerServ for $90 million

InMobi, one of the world’s largest independent mobile advertising platform, announced the acquisition of AerServ for $90 million in cash and stock to create the industry’s first mediation platform with a unified programmatic auction for mobile in-app publishers. This acquisition will enhance monetisation for publishers globally and further enhance the InMobi Exchange, a premium mobile […]

Hyundai is investing in Grab, one of Uber’s biggest rival in Southeast Asia

Hyundai is investing in Grab, one of Uber’s biggest rival in Southeast Asia

Hyundai Motor has invested in Singapore-based ride-hailing firm Grab, on of Uber’s biggest ride-hailing rival in Southeast Asia, as the South Korean automaker looks to expand beyond its traditional business of producing and selling vehicles. Grab did not disclose the value of Hyundai’s investment. Hyundai joined other investors, including Didi Chuxing, SoftBank and Toyota Tsusho (Toyota’s […]

Masterclassing acquires Mobile Marketing Magazine Publisher Dot Media

Masterclassing acquires Mobile Marketing Magazine Publisher Dot Media

Masterclassing, the global digital marketing events business, has acquired Dot Media, publisher of Mobile Marketing Magazine and organiser of the Mobile Marketing Summits, Effective Mobile Marketing Awards and Programmatic Lunch for an undisclosed sum. Both companies’ existing brands will continue to operate independently, but the acquisition will accelerate opportunities for global expansion. Masterclassing, founded in […]

Apple acquires music-recognition app Shazam for a reported $400M

Apple acquires music-recognition app Shazam for a reported $400M

Apple officially confirmed it’s acquiring the music recognition app Shazam, according to Buzzfeed. The purchase is the latest acquisition for the world’s largest tech company. First launched in 1999, Shazam has grown significantly over the last several years. Once specifically devoted to music recognition, Shazam now accepts audio and visual clips to identify songs, movies, and […]

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