Conversational messaging platform Gupshup, operated by Webaroo Inc., on Wednesday said it will acquire cloud telephony company Knowlarity Communications, which is backed by investors such as Sequoia Capital and Mayfield...
Cruise to raise $1.35 billion from SoftBank as it readies robotaxis
Self-driving tech firm Cruise on Tuesday said SoftBank Group Corp’s Vision Fund has agreed to invest an additional $1.35 billion through a second tranche, as it works to launch a commercial ride-hailing service in San...
Insolvency proceedings: SC asks banks’ response on Future Retail’s plea
The Supreme Court today asked a consortium of banks to file an affidavit after Kishore Biyani-led Future Group Ltd ((FRL) sought the quashing of their warnings against the company for starting insolvency proceedings...
Byju’s aims for SPAC merger agreement within a month
India’s most valuable startup, the online education provider Byju’s, is in negotiations with at least three special-purpose acquisition companies and is aiming to unveil plans to go public via a merger with one of them...
New York Times buys viral game Wordle to expand its games, puzzles business
The New York Times acquired Wordle, adding the popular daily word phenomenon to the newspaper company’s expanding portfolio of games and puzzles. The price wasn’t disclosed, but the Times said it paid in “the low seven...
HGS to acquire Australia-based BPM player Diversify Offshore
Hinduja Global Solutions Ltd’s (HGS)’s subsidiary, HGS International Mauritius, has entered into a definitive agreement to acquire 100% equity stake in Diversify Offshore Staffing Solutions Pty Ltd (Diversify)...
Reliance arm acquires 29.63% stake in SWREL
Reliance Industries Limited (RIL) on Saturday announced that it has completed the acquisition of 29.63% of the total paid-up equity share capital of Sterling and Wilson Renewable Energy Ltd (SWREL). “This is further to...
China approves AMD’s $35 billion acquisition of chipmaker Xilinx
Chinese regulators have granted approval for Advanced Micro Devices Inc. to buy Xilinx Inc., clearing the way for one of the largest deals to emerge from the global semiconductor industry. The State Administration for...
Zomato to invest in 2 tech companies, to buy stakes in Adonmo & UrbanPiper Tech
Food delivery platform Zomato announced that its board at its meeting held on Thursday has approved the investments in two Indian companies – Adonmo Private Limited and UrbanPiper Technology Private Limited. The...
William Ackman’s hedge fund takes stake in Netflix
Pershing Square has purchased more than 3.1 million shares of the streaming service Billionaire investor William Ackman said his hedge fund has acquired 3.1 million shares of Netflix Inc., attracted by a recent selloff...
Reliance in talks to raise $1.6 billion for media JV as Viacom seeks lower stake
India’s Reliance Industries is in talks with investors to raise up to $1.6 billion for its broadcasting business as its partner, ViacomCBS, looks to pare its interest in the joint venture, two sources told Reuters...
JPMorgan agrees to take 49% Viva Wallet stake in fintech deal
JPMorgan Chase & Co. agreed to take a 49% stake in Greek payments firm Viva Wallet, the latest in the bank’s streak of acquisitions and investments as it seeks to stay ahead of the competition. The deal is subject...
