Financial services giant, VISA, has acquired a minority stake in UK-based Global Processing Services (GPS). The terms of the deal are yet to be disclosed. No existing shareholders have exited as of yet. VISA and payments issuer processor, GPS, have collaborated since 2013. GPS was even selected as VISA's preferred ...
Transaction Capital is set to acquire a non-controlling 49% stake in South African car buying firm, WeBuyCars for close to US$ 110 million, estimating the company's value at US$ 219 million. Transaction Capital will seal the deal by paying US$ 87.5 million in cash and shares worth US$ 19.5 million. ...
Tech giant Microsoft has confirmed ongoing talks with ByteDance to acquire its popular social media app TikTok's US operations. TikTok is on the verge of being banned by the US government primarily due to suspicion that the company is likely to share user data to the Chinese government. This is ...
Nairobi-based Payment Service Provider (PSP), DPO (Direct Pay Online) Group, is set for acquisition by Network International for US$ 288 million. Network International, which has its headquarters in Dubai, is a group of companies that describes itself as a "leading enabler of digital commerce across the Middle East and Africa ...
Uber has announced the acquisition of transit software company, Routematch. The move is geared towards expanding the ride-hailing firm's into public transport. The firm has over time been collaborating with public transportation agencies and recently announced its first transit deal with a transportation agency in San Fransisco. Uber had been ...
Travel tech company, HotelOnline has acquired Kenyan leisure marketplace Cloud9xp in a share swap deal. As Cloud9xp co-founder, Tesh Mbaabu explained, while HotelOnline would be absorbing the company, it would still maintain its brand. The acquisition positions Cloud9xp in a position to be become the B2C channel for HotelOnline's Africa-focused ...
Liquid Telecom has acquired 10% of Realtime, the second largest Internet Service Provider in Zambia and will vend Liquid's 100Mbps FTTH and satellite offerings to homes and businesses of all sizes across Zambia, as well as its existing WiMAX network. The FTTHservice is initially available to 15,600 homes and businesses ...
Google has acquired iOS app and company Timeful, Inc. to help make getting things done in your life even easier. Timeful helps users by understanding their daily schedules, habits and needs and will be integrated into the Google's Gmail app for iOS users then Android. The app helps users do ...
Image:kristiholl.net Washington DC area tech incubator and seed fund 1776 has acquired Paul Singh's Disruption Corp for an undisclosed amount in a move to build the area's tech community with up-to-date information, data and mentorship. Disruption Corporation offers Research and Investment which it says is built on ...
NATCOM Consortium has paid the outstanding $176,575,700 as the 70 per cent remainder of the $252,521,000 bid price for NITEL and MTEL's acquisition after an earlier $75,756,300 deposit, a 30% down payment the firm made in January. NATCOM had until Tuesday, April 7, 2015 to clear the balance after the ...
On may 2015 and subject to regulatory Unilever will have acquired the iconic British skincare brand REN. REN, sold in about 50 countries, pioneered a new type of high performance skincare. The range is sold predominantly in specialty stores and pharmacies and has a strong customer base. “It is ...
Image credits:www.aitonline.tv NATCOM Consortium, the preferred bidder for Nigeria Telecommunications Plc (NITEL) and its mobile arm, Nigerian Mobile Telecommunication (MTEL), has paid $75,756,300 (N12, 727,058,400)—being 30 percent of the $252,521,000 bid price for the acquisition of the assets and business units of the enterprises. This is ...
Source:www.ybnews.co.uk Founder Collective, a venture capital firm based in Cambridge, Massachusetts and co-founded by David Frankel, one of South Africa’s tech leaders has acquired 100 percent of South Africa's Hellopeter.com, a top consumer advocacy and corporate reputation management website. Founder Collective was joined by a consortium ...
By Michelle Atagana: Managing Ed VentureBurn. According to a SENS announcement, because we track those now, Knife Capital has officially been acquired by African Dawn Capital Limited, a listed entity. “Shareholders are hereby advised that all the conditions precedent have been fulfilled and accordingly, the Knife Capital Acquisition will be ...
Obama's $7 billion US-backed Power Africa initiative has received a major boost after the acquisition of $300 million Ughelli power plant in Delta State, Nigeria by Tony Elumelu’s Heirs Holdings owned Transcorp Plc. Transcorp Ughelli Power Limited (TUPL) announced last week a $225 million payment to Nigeria’s Bureau of Public ...
South Africa's MTN Group has entered into an agreement to acquire 50% equity in MTN Cyprus from, Amaracos Holdings, a company representing the interests of the Shacolas Group and the Panos Germanos Group in MTN Cyprus. MTN Group owns 50 percent of MTN Cyprus but the transaction will make it ...
