Category: Business

PayPal to acquire Honey Science Corp. for $4 Billion

PayPal is acquiring the e-commerce company which provides coupon codes and offers to the consumers buying online products. “This is amongst the most transformative acquisitions in PayPal’s history” says CEO Dan Schulman. Honey science Corp has a reach of 17 …

Tesla acquires DeepScale to cover its AI talent deficiency

DeepScale an artificial intelligence startup has been acquired by Tesla. This acquisition will help Tesla in the creation of self-driving cars and robotaxis. DeepScale focuses on “Deep Neutral Network (DNN)” according to CNBC. DeepScale specializes in computer efficient deep learning …

Verizon acquires Jaunt XR, an Augmented Reality company

Jaunt XR an augmented reality company is taken over by Verizon Communication for an undisclosed amount, announced Jaunt on September 30. Verizon has acquired all software and technology as well as “certain other assets.” Jaunt did not confirm whether it …

Logitech takeover Streamlabs for $89 million

Streamlabs is being acquired by Logitech for approximately $89 million in cash. Logitech will pay an additional $29 million stocks if the company earns a good revenue Streamlabs makes the famous live streaming app Streamlabs OBS. Logitech is increasing its …

WeWork’s co-founder Adam Neumann steps down as CEO

Adam Neumann the co-founder of WeWork stepped down as the Chief Executive Officer (CEO) of The We Company as reported by the New York Times. Neumann will act as the Chairman of the shared office startup. He will give up …

Digi-Prex a Hyderabad based startup has raised $5.5M with WhatsApp

Digi-Prex has raised $5.5M from Khosla Ventures, Vedanta Capital, Y Combinator, Quiet Capital, and SV Angel. The founder of Tinder, Justin Mateen also participated in the round, said Samarth Sindhi, the founder of Digi-Prex. Digi-Prex just closed its seed round …

Microsoft acquires Semmle for an undisclosed amount

Microsoft’s GitHub took over Semmle, a San Francisco based coding analysis platform vendor. The amount is not disclosed by Microsoft yet. Semmle will be a part of the GitHub business, as reported by both the companies. Semmle was launched in …

HTC gets Yves Maitre as a new CEO after four years, replaces Wang

Yves Maitre has been appointed as the Chief Executive Officer (CEO) of HTC, effective immediately. Maitre was a former Executive Vice President (EVP) of Consumer Equipment and Partnerships, in Orange, one of the largest telecommunication firms. He has been the …