Amazon has acquired MGM for USD 8.45Bn is one of its biggest since the Whole Foods acquisition for USD 14Bn in 2017. Amazon has been building-up its content library around its Prime service, a move that makes sense in the subscription economy. So, why is Amazon interested in MGM? How will the deal help Amazon …
Google recently acquired North, a Canadian company founded in 2012, that makes smart glasses. The IP and talent pool at North will help in building-up Google’s AR hardware. While the value of the deal has not been disclosed, there have been speculations that Google paid around $180Mn. As an early mover in the field of …
Food delivery platform Zomato on Tuesday refuted reports that the company is in talks with Gurugram-based grocery delivery platform Grofers to acquire it for nearly $750 million. Flush with funds, Zomato has partnered Grofers for the delivery of essential items along with other FMCG and grocery stores — to meet the surge in demand amid …
Reliance Jio is reportedly planning to acquire Haptik, India’s homegrown Conversational AI platforms, in a deal worth >US $29M. What does the Haptik acquisition portend for Reliance? How does this acquisition sit within the string of recent acquisitions by the company? What does Reliance’s moves imply for India’s e-commerce future? First, the backstory. Haptik …
Spotify has made a sharp pivot to new frontiers, beyond just music. By acquiring two podcast businesses, Gimlet Media Inc., a popular podcast network, and Anchor, a platform providing tools for creators, Spotify is recognizing the potential for non-music content, and staking a claim on the future of podcasting. Both acquisitions are prudent as well. …