Tech

Naspers’ OLX buys stakes in Webuycars
Tech

Naspers’ OLX buys stakes in Webuycars

Naspers’ wholly-owned subsidiary, OLX Group, said it made an investment of ZAR 1.4 billion in Webuycars. Webuycars is South African-based used car marketplace offering a specialised car buying service to sellers and was founded 17 years ago by Faan and Dirk van der Walt. The hands-on entrepreneurs have built the […]

Uber in talks to buy Dubai’s ride hailing firm Careem
Tech

Uber in talks to buy Dubai’s ride hailing firm Careem

Uber Technologies Inc is in talks to buy Dubai-based rival Careem Networks FZ for about USD2 billion to USD2.5 billion, Bloomberg reports. No final decisions have been made, and the companies may decide against the transaction. Uber and Careem held preliminary talks in July to combine their Middle Eastern ride-hailing […]

Nasdaq bids to acquire Cinnober for $190 million
Tech

Nasdaq bids to acquire Cinnober for $190 million

Nasdaq said it has made a USD190 million all cash offer to acquire Cinnober. Cinnober is a Swedish financial technology provider to brokers, exchanges and clearinghouses worldwide. Nasdaq’s acquisition of Cinnober would strengthen its position as one of the world’s leading market infrastructure technology providers. “The combined intellectual capital, technology […]

Microsoft acquires AI startup, Lobe
Tech

Microsoft acquires AI startup, Lobe

Microsoft Inc., said it has acquired drag and drop AI tool startup, Lobe. Lobe’s visual interface lets people easily create intelligent apps that can understand hand gestures, hear music, read handwriting, and more. Microsoft said in a statement on its blog that technology has already transformed the world we live […]

Jack Ma’s Ant Financial denies hacking Equifax
Tech

Jack Ma’s Ant Financial denies hacking Equifax

Ant Financial, a fully-owned subsidiary of Jack Ma’s Alibaba Group has denied reports linking it to the malicious attack on Equifax. Equifax is a global personal credit rating company that was hit by a severe hack that stole virtually all the personal and financial data of its millions of customers. […]

Intel acquires NetSpeed Systems
Tech

Intel acquires NetSpeed Systems

America’s Intel Inc., said it has acquired NetSpeed Systems. NetSpeed Systems is a fledging startup that makes system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). The aim according to analysts is to spice up its next generation of computing chips beyond legacy PCs. Intel said in a statement […]

Twitter appoints Sarah Personette to head client solutions
Tech

Twitter appoints Sarah Personette to head client solutions

The world’s largest social microblog, Twitter Inc., said it has appointed Sarah Personette as its new head of global Twitter Client Solutions. According to Twitter’s disclosure, Sarah Personette was previously COO at Refinery29 Twitter said Personette will start in mid-October and will be based in New York, where she’ll report […]