Uber has reached an agreement to acquire British tech company Autocab to give Uber riders in the U.K. access to taxi firms and drivers in spots that the ridesharing behemoth doesn’t cover, Uber said in a press release. Autocab offers booking and dispatch software. The...
London-based Metro Bank has struck a deal to buy peer-to-peer lender RateSetter for £2.5 million ($3.27 million) upfront. Metro will make additional payments to shareholders if RateSetter reaches certain benchmarks, according to a news release. Those are: £500,000 will be paid one year after the deal...
Microsoft Corp. has resumed attempts to buy the U.S. arm of TikTok — the popular but controversial Chinese video-sharing app owned by ByteDance — by Sept. 15, according to the Redmond, Wash.-based tech giant’s blog. Talks between Microsoft and ByteDance resumed after Microsoft CEO Satya...
Just Eat Takeaway.com agreed on Wednesday (June 10) to buy Grubhub for $7.3 billion in a move that could result in the world’s largest online food delivery firm outside of China, with operations in 25 countries. The companies said in a statement that the merged...
Western Union could be looking to acquire MoneyGram in a transaction that would unite two of the country’s largest money transfer services, according to Bloomberg. Western Union has made a takeover offer to MoneyGram, but nothing has been made official, Bloomberg reported, citing a source...
Uber has been approved by the National Economic Prosecutor’s Office (FNE), Chile’s antitrust regulator, to acquire the Chilean grocery shopping app Cornershop, according to an FNE statement. “With the background information obtained during the investigation, the FNE became convinced, within the legal term, that the...
In purchasing Affirmed Networks, Microsoft is hoping to boost its commitment to highly advanced 5G networks going forward, according to a company blog post. Affirmed, which works with cloud-based tech, was acquired by Microsoft this week. 5G networks offer faster download speeds than lower-generation capacities....
OfferUp has been winning recently, closing out a $120 million funding round and acquiring its top competitor, letgo, according to a blog post on the company’s website. The funding round ended with support from leader OLX Group as well as previous OfferUp investors, including Andreessen...
Intuit, the tax software company best known as being the enterprise behind QuickBooks and TurboTax, is looking into acquiring FinTech Finicity, according to reports. Intuit recently bought Credit Karma for $7 billion. It could also potentially buy Credit Sesame and NerdWallet. Finicity is reportedly worth...
