Posts Tagged ‘Acquistion’


Screenshot If you open TechCrunch you will read investment news almost everyday, in the Arab world that is not the case, We have many early and seed stage startups but not much VC activities in the region for early and growth stages. So our news today is about  Webedia, a major French Media group editing leading websites such as Purepeole or Puretrends,...
Screenshot Reef for Software Development Inc., the parent company of ShooFeeTV, has announced the acquisition of Jordan based mediaME, one of the largest online community of advertising and media professionals in the Middle East, from MediaScope. Financial terms of the deal were not announced. mediaME serves over 18,000 registered members across t...
Screenshot Following the news last April that Zawya is expected to be sold in a multi million dollar deal, Thomson Reuters announced today that it has acquired Arab world business portal and financial information service provider Zawya. This news means that Saffar Holdings, a Dubai investment company that holds a 60 per cent stake in Zawya has successful...
Screenshot Update: the deal is confirmed. Looks like group buying giant has acquired UAE daily deals startup startup GoNabit that has presence in Dubai, Abu Dhabi, Lebanon, Jordan and Kuwait. and indonesian startup DealKeren. The news comes from Indonesian tech startup blog Daily Social. according to the blog the logo on DealKeren’s website today ...
Screenshot Intel Corporation made its first acquisition in the Arab world, today it announced through its standalone business entity Intel Mobile Communications, that it has acquired most of the assets of SySDSoft, a privately held software company based in Cairo and hired approximately 100 of the company’s electrical engineers and computer scientists. ...
Screenshot For some it is a sad day, for others it is a new endeavor, today Indian conglomerate Bharti has officially closed its deal with Kuwait based  Telecom operator Zain, with its acquisition of all Zain’s mobile operations in 15 countries across Africa for an valuation of USD10.7 billion. Zain’s African covered 15 countries with a total cust...
Screenshot Since years Location based services (LBS) has been a hot topic that did not take off until recently. There were many attempts to tap into this market from brightkite to ArabCrunch demo 09 demoer wenear to Yahoo it self with fire eagle. Many experts agree that location based and intention based advertising is the next big multi billion dollar ...
Screenshot 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...
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