Cobone.com, the largest daily deal company in the Middle East, has been acquired by international investment firm Tiger Global Management, leaving the startup firm with additional capital to further its long-term commitments in the Middle East.
Amount of the deal where not disclosed. But TechCrunch says the figure of would be around $40 ...
Updated: below the post.
Dan Stuart CEO & founder of GoNabit confirmed that LivingSocial has acquired GoNabit. He told ArabCrunch that LivingSocial does not want to disclose terms of the deal.
He said "we have high plans and high expectation and we will expand to new markets" GoNabit is now a LivingSocial company "and likely down the road...
Amman, Jordan based MenaITech, the regional company specialized in building and deploying human resources applications, underwent a full acquisition from Jordanian systems’ integrator Optimiza.
The company stated that the acquisition process included 100% of its shares. but did not state how much was payed. Optimiza is a the only Jordanian publi...
HawaaWorld, one of N2V’s companies, announced that it has acquired “entertainment world” http://www.tt5.com, one of the largest entertainment websites in the Arab world, to serve its goal of enriching its content. Amount of the deal and its terms were not announced.
tt5.com offers entertainment content on a daily basis covering fields such...
Ras2ras.com, a social rating platform from Yemen was acquired by an investor from Qatar for an undisclosed amount. Ras2ras.com, which was founded by Amad Almsaodi in 2008, is built around a very simple yet really interesting idea: putting any two comparable things against each other, and letting people vote on which they like best.
In a pr...
Arab Sovereign Funds are becoming more active investing in Media and IT companies around the world, on thursday Libyan Investment Authority (LIA) has made an investment in Pearson Publishing the owner of Financial Times. LIA bought 3.01% stake in Pearson for $324 Million, making it the 3rd largest share holder. Pearson is listed in the London and ...
Following the news of Dice holdings -which owns the well known tech jobs websites Dice- acquisition of Dubai based, Wordlwideworker for 6 million USD, we made a followup Interview with Worldwideworker CEO Frederik Rengers, to tell us more about his company and the acquisition. Thanks Fredreik for your time and I hope it will be a benefit for ...
Around a week ago, the most popular social network in the world Facebook acquired a 2 employee Malaysian startup, called Octazen Solutions , which develops contact importer software that facebook was reported using for some time now, according to GigaOM today's story by Liz Gannes .
Facebook spokesmen told GigaOM that this is a “tal...
Update: The rumored price was for Maktoob Wslaat acquisition.
Launched last year, Mrrha which was founded by Mahmoud Elmasoudy and his brother from egypt right from there home, allows you to upload your files synchronously on the Internet and send (mirror) them to the most famous file uploading services, the site was acquired by the Emarati...
ArabCrunch Broke at the global level that Yahoo Acquired Maktoob, today it was announced that the deal was completed on Thursday noon.
Yahoo's acquisition of Jordan based Maktoob is the first major investment by a US tech company in the Arab region.
As we said before this is a game changer to the startups and the tech scene in the region, a...
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