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Posts Tagged ‘ merger ’

Online travel portals MakeMyTrip and ibibo to merge

Tuesday, October 18, 2016 | More »

IBIBO-MMT
In the biggest consolidation move in the online travel agency (OTA) space in India, NASDAQ-listed MakeMyTrip Ltd has agreed to buy ibibo Group, which is co-owned by South African technology group Naspers Ltd and Chinese investment firm Tencent, in a stock deal. Naspers and Tencent, which own 91% and...

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Chinese ride-hailing firm Didi Chuxing to acquire Uber’s local business

Uber Technologies Inc., the ride-sharing company with a reputation of slugging it out with rivals and regulators to capture market share, is giving up in China after agreeing to sell its local business to homegrown firm Didi Chuxing. The deal will end the most watched rivalry in the global cab-haili...

1 August, 2016 | More »

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TinyOwl may merge with Roadrunnr

Online food ordering platform TinyOwl is likely to merge with hyperlocal on-demand logistics startup Roadrunnr in an all-stock deal, in a sign that consolidation is picking up in the consumer internet space at a time when access to fresh funding has become increasingly difficult for startups that fa...

9 May, 2016 | More »

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Aurionpro Solutions to buy US-based startup Spikes Security

Mumbai-based enterprise security company Aurionpro Solutions Ltd has agreed to acquire Silicon Valley-based startup Spikes Security for an undisclosed sum. A dedicated subsidiary focused on enterprise security will be created by merging Aurionpro’s enterprise security division and Spikes Security....

9 May, 2016 | More »