Hapag-Lloyd AG has agreed to buy Cia. Sud Americana de Vapores SA in a deal that would create the fourth biggest shipping firm in the world.
Mergers & Acquisitions
Enterprise Holdings purchases Denver car-sharing firm OccasionalCar
Missouri, US-based holding company Enterprise Holdings, the operator of the Enterprise Rent-A-Car and National Car Rental, purchased Denver-based car-sharing services provider OccasionalCar for an undisclosed sum to widen its local network of transportation options.
Abraaj picks up stake in Moroccan chocolate maker Kool Food
Dubai, United Arab Emirates (UAE)-based firm Abraaj Group picked up a stake in Casablanca, Morocco-based chocolate manufacturer Kool Food for an undisclosed amount to back the latter's international distribution plans.
US firm WireCo acquires Endenburg to build new crane rope business in the Netherlands
Kansas, US-based wire rope manufacturer WireCo WorldGroup Inc acquired the assets of Gouda, Netherlands-based construction and transport materials supplier Endenburg BV for an undisclosed amount to beef up its delivery system.
Dropbox drops some cash to add Loom and Hackpad
Cloud storage giant Dropbox spent an undisclosed amount to add San Francisco, US-based photo and video cloud storage and smart collaborative tool Hackpad to expand its product offering and improve its auto-upload features.
Latest News
US-based game developers' platform Unity Technologies added San Francisco, California-based predictive analytics startup Playnomics for an undisclosed amount to step out of game engine into the game services sector.
Google Inc. has acquired Titan Aerospace without disclosing financial information regarding the deal, reported Ventures Africa.
Indian e-commerce marketplace giant SnapDeal snapped up Noida-based fashion products discovery site Doozton for an undisclosed amount to leverage the latter's personalized shopping technology for its own platform.
Canberra, Australia-based cloud computing services provider CloudCentral bought the intellectual property of San Mateo, US-based software firm DEY Storage Systems for an undisclosed amount in lieu of paying for third-party storage services.
Twitter has acquired social data provider Gnip, enabling the microblogging site to sell its bulk data without engaging services from a middle man, reported TechCrunch.
Embattled Canadian smartphone maker BlackBerry has acquired healthcare IT firm NantHealth, reported TechCrunch.
Zebra Technologies Corporation and Motorola Solutions has signed a deal for a merger agreement valued USD3.45 billion, reported ET.
Comcast Corp and Time Warner Cable's merger was backed by Washington Post in an editorial posted Tuesday, reported Reuters.
US-based search giant Google agreed to acquire Moriarty, New Mexico-based solar-powered drone maker Titan Aerospace for an undisclosed amount for Project Loon, an initiative that aims to bring the Internet to currently offline places of the world.
