Orange Group’s venture capital investment fund for Africa said it has made a second investment in South Africa’s Yoco. Yoco is a mobile points of sale (mPOS) in South Africa, allowing merchants to accept card payments using a smartphone or tablet as well as manage their day-to-day activities using POS […]
Aviation software company, Sabre Corporation said it has appointed Cem Tanyel executive vice president and president of Airline Solutions. The company said in a statement that his appointment will take effect from Sept. 10. He will be reporting to Travel Solutions President Dave Shirk. Tanyel is a seasoned technology leader […]
Japan’s chatting app company, Line Corp., said it resolved at its meeting of the board of directors held on September 4, 2018 to issue Zero Coupon Convertible Bonds due 2023 and Zero Coupon Convertible Bonds due 2025. Line said the bond will carry stock acquisition rights through an offering pursuant […]
Germany’s Munich Re said it has acquired Relayr in a $300 million deal via its subsidiary, Hartford Steam Boiler (HSB). Munich Re disclosed in the statement that since it began to cooperate with HSB in 2016, relayr’s offering has been supplemented by financial and insurance-related components. Torsten Jeworrek, member of […]
Sky said it is has opened a new office in Berlin for its startup investment programme as well as a $4 million commitment to an Israeli venture capital fund, Remagine Ventures. The office will give Sky a local presence in Berlin’s ever growing startup eco-system, enabling the team to better […]
Ride-hailing company, Grab said it now has about 65% market share in Indonesia. The managing director of Grab said the Singapore-based firm recently raised $1 billion in fresh funding to expand in Southeast Asia biggest economy, which it has earmarked as a priority market. Grab said in a statement on […]
America’s Broadcom Inc., said it is close acquiring CA Technologies. Broadcom said it believes the acquisition would be concluded soon because of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (“HSR Act”), has expired with respect to the proposed acquisition of CA. Broadcom said in […]
A group of four companies under the Toyota Corp., will be setting up a joint venture to manufacture self-driving cars. According to Reuters News, the companies include Denso Corp., Aisin Seiki Co., Jtekt Corp. and Advics. The aim of the joint venture is for the Toyota companies to compete with […]
Event booking platform, Evenbrite has filed for an initial public offering that will see the company raise up to $200 million in fresh capital from the public. Eventbrite is the world’s largest ticketing website but has not been able to report a net profit for some quarters due to its […]
Social media giant, Facebook inc., has hired Mr. Antonio Lucio as its chief marketing officer as the company looks to repair its image after the Cambridge Analytica scandal. Before his appointment, Antonio Lucio served as Chief Marketing & Communications Officer of HP Inc. Mr. Lucio has been Chief Marketing Officer […]