Posts Tagged ‘acquisition’


Screenshot Updated. stion  German e-commerce group Rocket Internet agreed to buy Kuwait-based food delivery service Talabat for about $169.6 million according to Reuters as part of efforts to create one of the largest delivery network in the world. This is the largest Arab tech exit since Maktoob Yahoo deal in 2009.  Talabat, operates in GCC...
Screenshot E-commerce is booming in the Arab world, as we have many companies and startups running e-commerce businesses. However the leader in that space is souq.com. According to sources for to Arabic tech blog one has, Amazon is currently negotiating an acquisition deal with souq.com. Souq.com started as an auction site like ebay around 2005 and then...
Screenshot Completed Acquisition of Technology Assets from Bestech Systems Limited and Savoy Computing Services Ltd to Accelerate Adoption of BIM for Infrastructure Autodesk, Inc. (NASDAQ: ADSK) is expanding its portfolio of technology for Building Information Modeling (BIM) for infrastructure following the completion of the acquisition of certain ...
Screenshot Superior Business Solutions SBS group, headquartered in Dubai, UAE, announced today the completion of acquisition of a Hyderabad, India based company - WebTag India. As per the agreement signed, the acquisition will encompass transfer of all assets and intellectual properties to a new entity branded SuperiorTag Business Solutions India Pvt. Ltd.,...
Screenshot 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 ...
Screenshot 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...
Screenshot 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...
Screenshot 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...
Screenshot 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...
Screenshot 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 ...
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