December 2018

HCL to acquire IBM software products for $1.8 Billion HCL Technologies has entered into its biggest acquisition till date as it is buying IBM’s software products. The all-cash deal is worth $1.8 billion i.e nearly Rs.12,700 crore. IBM has indeed confirmed that it is selling its software products to Indian firm HCL. The deal will be funded largely through internal accruals. Half of the total amount will be paid...

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Facebook is “Sorry” for invading your privacy yet again It’s nothing unimaginable as Facebook has already lost people’s trust when it comes to data privacy. A new blunder has been made as an API bug allowed access to photos of 6.8 million users. These were photos that the user never intended to be shared. "Our internal team discovered a photo API bug that may have affected people...

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Walmart acquires online art and wall décor retailer Art.com Walmart entered yet another acquisition this year by buying assets from online art and wall décor retailer Art.com. The acquisition is expected to close in early 2019. The deal includes Art.com’s catalog, IP, trade name and U.S. operations. The amount of the deal is still undisclosed, but Walmart says it’s in line with its other deals made over...

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Grab invests $100 million into OYO OYO a budgeted hotel providing service in India received a $100 million investment from Grab. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund. Grab has keen interest in entering the Indian market because of its huge consumer base. Grab has been investing a lot lately. Southeast Asian ride-hailing firm Grab has been strategically investing in Southeast Asia....

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UrbanClap got a generous Series D round for expansion. UrbanClap is an Indian startup providing home services across India. Its just been four years for the company that recently raised a $50 million Series D round for expansion. This has taken UrbanClap to $110 million raised to date. Steadview Capital led the round which was also funded by existing investor Vy Capital. Services that Urbanclap offers Urban clap...

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