Business, News

#Dealwire: Myntra Acquires Jabong for $70M; Verizon Buys Yahoo for $4.83B & More

Sachin_Bansal#Dealwire is your dose of notable M&A and partnership deals in business and technology space. Firms covered in this segment include Flipkart, Myntra, Jabong, Verizon, Yahoo, Quikr, Hiree, Teradata, Big Data Partnership, Hansa Cequity, D-Square, Unilever, Dollar Shave Club, Fella Homes and LifePad

This post has been updated,

Myntra Acquires its Rival Jabong in a Cash Only Deal

Flipkart owned Myntra has acquired Rocket Internet backed fashion retailer Jabong. The deal comes after months of speculation of Jabong getting acquired by Flipkart’s rival Snapdeal. Jabong’s owner GFG announced it to be an all cash transaction worth $70 million.

Flipkart had acquired Myntra in May 2014 to strenghthen its fashion retail vertical. The latter’s Founder and former CEO Mukesh Bansal exited the merged entity in March 2016.Read More

Verizon Acquires Yahoo for $4.83B

US-based telecom firm Verizon has announced that it has entered into a definitive agreement with Yahoo, under which Verizon will acquire the latter’s operating business for approximately $4.83 billion in cash.

Yahoo, which was founded in 1995 by Jerry Yang and David Filo, will be integrated in Verizon owned AOL. The deal excludes Yahoo’s stakes Alibaba and Yahoo! Japan. At present, it’s not clear what role the company’s current CEO, Marissa Mayer, would be playing post the acquisition. Read More

Quikr Acquires Recruitment Portal Hiree

Hiree, earlier known as MyNoticePeriod, has been acquired by online classifieds firm Quikr. The recruitment startup would be merged with Quikr’s job vertical QuikrJobs. The terms of the deal haven’t been disclosed.

MyNoticePeriod was founded in 2014 by Manjunath Talwar and Abhijit Khasnis, which was later rebranded to Hiree in 2015. It had raised $3 million from IDG Ventures in February 2015. Read More

Teradata Acquires Big Data Partnership Consultancy

US based big data analytics company, Teradata, announced on Monday that it has purchased Big Data Partnership, a consultancy services provider of big data solutions and training. The amount and terms of the deal haven’t been disclosed.

The deal will allow Teradata to expand its services business globally. Big Data Partnership was founded by Mike Merritt-Holmes, Tim Seears, and Pinal Gandhi in 2012, and has clients in several European and Asian markets. Read More

Hansa Cequity Acquires Data Analytics firm D-Square

Mumbai-based marketing analytics firm Hansa Cequity, has bought data science firm D-Square. The amount of the deal hasn’t been disclosed, but the two firms will continue operate as separate entities.

D-Square was founded in 2009 by Anand Srinivasan in Bangalore. It creates enterprise solutions for data analysis. Read More

Unilever to Acquire Dollar Shave Club for $1B

Unilever announced last week that it has signed an agreement to acquire men’s grooming brand Dollar Shave Club. The eCommerce company offers its own line of bath & body products for men.

Dollar Shave Club was founded in March 2012 by Mark Levine and Michael Dubin. It claims to have 3.2 million customers opting for its shaving subscription products and services. In 2015, it had recorded a turnover of US$152 million. Read More

Online Home Rental Platform Fella Homes Acquires Competitor LifePad

Gurgaon based home rental startup Fella Homes has acquired LifePad in an all cash transaction. Besides LifePad’s founders, the rest 8 membered team has joined Fella Homes.

LifePad was founded in September 2015 by Piyush Bhartiya and Rachit Agrawal, and had raised seed funding in March 2016. Whereas Fella Homes was founded by Virender Pratap Singh, Yadwinder Paul Singh, Digendra Singh Rathore, Kunal Singh and Amit Gupta in October 2015. Read More

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