DFC to invest $54Mn to back infrastructure project developments in India

The US International Development Finance Corporation (DFC) has reportedly announced an investment of $54 million in India with an aim to support the country’s critical infrastructure project development amid the COVID-19 pandemic. Th....

InMobi’s Glance secures USD 145 million from Google and Mithril Capital

The newly secured funds have allowed Glance to reach a valuation of around USD 1 billion. Glance also operates a popular video-sharing social media platform Roposo. Glance, one of the leading mobile lock screen platforms, recently anno....

Google’s undertaking rejected; Fitbit acquisition remains uncertain

The Australia Competition and Consumer Commission (ACCC) rejected the undertaking addressing the competition concerns submitted by Google Inc. on 22nd Dec 2020, hence further delaying the company’s plan to acquire fitness tracker make....

OneSmart to merge small-class k-12 tutoring firms in a separate entity

In recent turn of events, OneSmart International Education Group Ltd., a China-based leading premium K-12 after-school education services provider, has announced plans to restructure its investment portfolio such that to create a separate a....

Costa Rican firm to develop hybrid sailboat to lower carbon emissions

In recent developments, Punta Morales-headquartered maritime shipping and logistics company, Sailcargo Inc., has reportedly employed a crew of more than 200 workers from 27 countries to develop a hybrid, pollution-free sailboat off the Paci....

Spotify plans to launch service in South Korea in 1st half of 2021

Spotify, a digital music service company, has recently announced plans for its service launch in South Korea in the 1st half of 2021. The new announcement will provide access to nearly 60 million tracks and 4 billion playlists to listeners ....

GoDaddy to expand its commerce services through Poynt acquisition

Internet domain registrar and web hosting company GoDaddy Inc. has reportedly signed a contract to acquire Poynt, a California-based payments processor, for USD 365 million. The acquisition will allow the former to expand its commerce servi....

Facebook to move U.K. users to California unit to avoid EU regulations

In a bid to circumvent the EU (European Union) privacy guidelines, American social networking giant Facebook Inc. is reportedly planning to shift all U.K. users to its California unit. The move will also void British users from their existi....

Murphy USA announces plans to buy QuickChek Corp. for USD 645 million

In recent developments, Murphy USA Inc., an Arkansas-based organization that operates a chain of retail gas stations, has reportedly agreed to acquire QuickChek Corporation in an all cash transaction of USD 645 million. The purchase price i....

Thermo Fisher Scientific reveals expansion plans for Greenville site

Massachusetts-based leading provider of scientific instrumentations Thermo Fisher Scientific has reportedly announced the expansion of its site in Greenville, North Carolina. Sources close to the matter stated that the company will invest ....