To wade off fraudulent renters and listings on its platform, Airbnb said it will acquire Trooly Inc., a scam-fighting technology. On the elementary level, Trooly works by analysing data from public sources, such as social media to background checks to fight off scammers. Airbnb disclosed that it has been using […]
Three years ago, Taxify was not known as a ride-hailing company operating in Nigeria. This is 2017, many Nigerians are now getting used to ride-hailing via their mobile apps. Since then, there has been a renewed competitive fervour in the market. Taxify is the arch-rival to Uber. The company had […]
Before it rebrands to Altaba on Friday, Yahoo! Inc., has announced Alibaba VWAP and prices payable for shares in connection with its previously announced modified “Dutch auction” for its share buyback programme. The tender is for cash up to $3,000,000,000 of shares of its common stock at prices equal to […]
Yahoo will change its name to “Altaba Inc.” from Friday, 16th of June 16, 2017, after the company completed the sale of its operating business to Verizon Communications Inc. for USD4.4 billion. While the deal is still subject to certain pre-closing and post-closing adjustments as provided in the underlying definitive […]
Safaricom Ltd has made it clear that it may expand its widely know mobile-banking service M-Pesa into countries such as Nigeria and Angola. The plan is expedient as Safaricom is trying handle regulations in its home market of Kenya. According to Bloomberg report, the recent sale of a 35 percent stake in […]
Altice said its American unit has launched an initial public offering of 46,551,725 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. ALtice Group said in the statement that IPO price is currently expected to be […]
Flir Systems has announced that Amit Singhi, its Chief Financial Officer will be stepping down. Mr. Amit Singhi has been the Chief Financial Officer and Senior Vice President of Finance at FLIR Systems, Inc. since August 2015. Mr. Singhi led the finance organization of Ford Motor Company’s (F) Global Customer […]
Automat, an AI startup that makes marketing bots has just raised USD8.3 million in a funding round led by You & Mr Jones with support from Comcast Ventures and Omidyar Technology Ventures. Automat was founded in Montreal, Canada in 2016 when it created Kalani Hilliker fashion advice bot on Kik. […]
Shareholders of Yahoo Inc. have approved the sale of the company’s operating business to Verizon. It would be recalled that Verizon Communications has acquired Yahoo last year after it won the heavily contested bid alongside Alphabet, Google Inc’s parent company and many other tech giants. The announcement of the sale […]
Kinnevik AB has released the result of its accelerated bookbuild to sell 10.9 million shares in Rocket Internet SE to institutional investors. Kinnevik said the transaction will bring in EUR217 million which represents 6.6% of Rocket Internet’s issued share capital and constitute Kinnevik’s entire remaining shareholding in the Rocket Internet. […]