Facebook in talks to acquire drone maker for USD 60 million
Facebook, moving a step ahead in its project Internet.org, is in talks to acquire Titan Aerospace for USD 60 million, reports TechCrunch. The company is a maker of near-orbital, solar-powered drones which can fly for five years without needing to land.
The project will initially start in Africa where these drones would act as “atmospheric satellites” with capabilities to deliver internet via broadband and wi-fi.
Facebook has started its project, internet.org, with an aim to bring internet to 5 billion people across the world in areas which are still underserved. A similar initiative was taken by Google last year to bring internet with flying balloons under ‘Project Loon’. It also recently acquired messaging service WhatsApp for USD 19 billion.
Online food ordering portal, Just Eat acquires Meal2Go
Just Eat, a UK based online food ordering portal has acquired Meal2Go in order to improve its Electronic Point of Sale (EPOS) technology, reports Reuters. The terms and pricing of the deal have been kept undisclosed.
Founded in 2006, Meal2Go provides a quick and convenient way for people to order food from the takeaway restaurants. The acquisition will allow Just Eat an access to its central system which is capable of managing orders to more than 36, 000 restaurants, registered to the company’s online ordering service. Also, it will add more than 1,100 takeaway restaurants, mostly in Birmingham, to its network.
“We know there is huge demand amongst takeaway businesses for great value, high quality EPOS technology, which we will now be able to offer,” said Graham Corfield, UK MD of Just Eat.
Just Eat is currently operational in 4 continents, 13 countries including India and has more than 38 000 restaurants on its network.
Intel to acquire Canada based health tracking company, Basis
Intel, moving ahead in improving its wearable tech, is in talks to acquire health tracking company Basis, reports Gigaom. The major details were undisclosed, however, it has been speculated that pricing was between USD 100 – USD 150 million.
Founded in 2011, Basis is the maker of wrist based health tracker and online personal dashboard to help users incorporate a fitness routine to their daily busy lives.It leverages four types of advanced sensors to calculate steps taken, calories burned and assess sleep quality, as well as physiological metrics like heart rate.
The company was backed by Norwest Venture Partners and Doll Capital Management. Till date it has raised USD 32.3 million in three rounds of funding including Series A and Series B (completed in two rounds).
Intel revealed its plans of empowering wearables with its chips at CES 2014 while demonstrating various products such as smart earphones, smartwatch, and Jarvis, a personal assistant stored inside a Bluetooth earpiece.
To contact the author, email at firstname.lastname@example.orgCategory Business Investments