Global

Is Instagram Copying SnapChat?
Global

Is Instagram Copying SnapChat?

Instagram, a Facebook Inc. company might be copying SnapChat with its new approach, the photo-sharing app owned by Facebook, is taking aim at fast-growing messaging app Snapchat Instagram Stories is a new feature that gives users the option to make pictures and videos to disappear automatically after 24 hours. The feature, […]

Oracle Acquires Netsuite For USD9.3 Billion
Global

Oracle Acquires Netsuite For USD9.3 Billion

Oracle, the database and software company said today that it has entered into ‘a definitive agreement to acquire NetSuite’. Nigerian companies are expected to benefit from the acquisition. Netsuite is the world’s ‘very first cloud company’. According to Oracle, the transaction is valued at USD109.00 per share in cash, or […]

This Is How Alphabet Beat Q2 Estimates
Global

This Is How Alphabet Beat Q2 Estimates

Alphabet Inc., the parent company of Google today announced financial results for the quarter ended June 30, 2016, the company beat analysts estimates Headline revenue  increased from USD17,653 billion same quater last year USD21,315 billion this year. Google, its most profitable segment saw its revenue increasing from USD5,608 billion last […]

How Global Capital Is Fuelling African Property Markets
Global

How Global Capital Is Fuelling African Property Markets

Despite Africa’s economic slowdown, property developers and private equity funds continue to pour investment into African property market, but with more focused strategies. This is based on insight by African Property Investment Summit. “Over $1,2 billion has been raised and allocated to real estate investment in Africa over the past year and […]

Rocket Internet’s GFG Raises EUR330 Million
Global

Rocket Internet’s GFG Raises EUR330 Million

Global Fashion Group, GFG, one of Rocket Internet’s composite eCommerce group focusing on fashion has announced that another round of EUR330 million was raised from existing investors. In a release by Rocket Internet, the company said the itself invested EUR68 million to keep its stake in GFG at 20.4%. The […]