Tag Archives: acquisition

Bloomberg A Crypto Kid Had a $23,000-a-Month Condo. Then the Feds Came (Bloomberg) — Stefan Qin was just 19 when he claimed to have the secret to cryptocurrency trading.Buoyed with youthful confidence, Qin, a self-proclaimed math prodigy from Australia, dropped out of college in 2016 to start a hedge fund in New York he called Virgil Capital. He told potential clients he had developed an algorithm called Tenjin to monitor cryptocurrency exchanges around the world to seize on price… Source link

Transaction includes the call centers and cargo business of Vezet Group MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / February 2, 2021 / Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced that MLU B.V. (“MLU”), Yandex’s ride-sharing and food delivery joint venture, has completed the acquisition of the call centers and cargo business of Vezet Group. Current shareholders of Vezet Group will receive… Source link

Yandex.Taxi Announces Acquisition of Selected Assets of Vezet Group   Transaction includes the call centers and cargo business of Vezet Group   Moscow and Amsterdam, the Netherlands, February 2, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced that MLU B.V. (“MLU”), Yandex’s ride-sharing and food delivery joint venture, has completed the acquisition of the call centers and cargo business of… Source link

On Thursday, Google announced that its acquisition of Fitbit is finally complete in a press release on its website. The announcement was made by Rick Osterloh, Senior Vice President of Devices and Services for Google. In the release, Osterloh emphasizes that the acquisition of the wearables company “has always been about the devices, not data” in an effort to clarify Google’s intentions with the purchase of Fitbit. Google looks forward to utilizing the talents of the Fitbit team to… Source link

Google on Thursday closed its acquisition of wearables company Fitbit, despite an ongoing investigation by the Justice Department. Here are five things to know about the $2.1 billion deal: 1. Google, which posted $46 billion in revenue for 2020’s third quarter, in November 2019 announced plans to acquire Fitbit for $7.35 per share in cash, paying an estimated $2.1 billion in total to stockholders. The deal could hint at Google’s larger ambitions in healthcare, as the company has been building… Source link

Google has closed its deal to buy Fitbit, the tech giant announced Thursday. The company announced in November 2019 plans to acquire the fitness tracking company to bolster its wearable capabilities. Google said it would acquire Fitbit for $7.25 per share in cash, valuing the company at $2.1 billion. Fitbit launched in 2007 and was considered a pioneer of the consumer fitness tracking market, quickly becoming the market leader. Other players have since entered the market including Apple,… Source link

Alphabet Inc’s Google has completed its $2.1 billion acquisition of wearable device maker Fitbit Inc, the companies said on Thursday. The deal had triggered concerns over Google’s market power and the use of people’s health data in targeted advertising. The companies won antitrust approval from the European Union in December after Google agreed to restrictions on how it will use customers’ health related data. “This deal has always been about devices, not… Source link

Google’s acquisition of Fitbit is nearing completion now that the European Commission has approved the search giant’s $2.1 billion takeover of the wearable tech company. When Google announced the acquisition in November 2019, Google hardware chief Rick Osterloh said that the Fitbit purchase was “an opportunity to invest even more in Wear OS as well as introduce Made by Google wearable devices into the market.” But regulators quickly got involved, and in August, they formally

MOSCOW, October 16. /TASS/. The deal on the purchase of TCS Group – the parent company of Tinkoff Bank – by Russian Internet giant Yandex will not happen, since the parties could not come to an agreement, according to the Group’s statement said on the London Stock Exchange. “Following further discussions, including with Tinkoff’s controlling shareholder, the parties have agreed not to proceed with the Potential Transaction. Negotiations between the parties with respect to the Potential… Source link

Google’s $2.1 billion acquisition of Fitbit will reportedly face greater scrutiny from EU regulators. Reuters reports that the deal will face a full-scale antitrust investigation, which the European Commission will reportedly open next week. Regulators and consumer advocacy groups have shared fears about Google’s planned acquisition of Fitbit, related to the search giant gaining access to sensitive data like fitness activities, heart rates, sleep patterns, and more. Consumer groups… Source link