Adding to the long list of layoffs by major startups, 245 employees of UberEats India are now on the verge of getting the pink slip after the company’s acquisition by Zomato. According to a report by The News Minute, these employees have been asked to leave the company by March this year. While 163 of…
Accelerator & growth investment firms Ghost Kitchens led by Karan Tanna bought controlling stake in cloud kitchen companies QSR Brands India and Eathos Group, for an undisclosed sum. QSR is valued at $5.5 million, while Eathos Group is valued at $2.2 million. QSR Brands India Pvt Ltd. led by Manoj Kudtarkar has popular brands like…
RP-Sanjiv Goenka Group has reached a deal to acquire a major stake in Mohun Bagan Football Club. The oldest football group will merge with the ATK Football Club. Mohun Bagan has a fan-base of more than 1.5 million. Both clubs will be merged into a single identity, in which RPSG Group will hold 80 percent…
Tata Consultancy Services, a leading global IT services, consulting and business solutions organization, today announced its acquisition of W12 Studios, an award-winning digital design studio based in London. This the first acquisition of India’s largest IT services company in about four years. The company, however, did not disclose the financial details of the deal. This…
International Business Machines Corporation, the American multinational IT company headquartered in Armonk, New York, with operations in over 170 countries announced on Sunday that it had agreed to acquire U.S. software company Red Hat Inc. in a deal valued at $34 billion. As a part of the Acquisition, IBM will be acquiring all of the issued and…
Confirming the rumors saying Adobe would be buying Marketo, Yesterday Adobe has released a press release on their official website about the $4.75 billion deal. Adobe is buying Marketo from Vista Equity Partners. Marketo, Inc. is a B2B software company focused on account-based marketing, including email, mobile, social, digital ads, web management, and analytics. It is…
Marc Benioff, the CEO, and Co-Founder of the famous cloud computing company Salesforce.com and his wife Lynne have decided to buy TIME media brand from Meredith Corporation for $190 million in cash. This deal will make Benioffs’ the owners of America’s most iconic news magazine. It is to be noted that this acquisition will stay…