Getir, the Turkish instant grocery delivery startup, has made an acquisition to expand its presence in the U.S. and to further its strategy as a consolidator in its category. The company has scooped up FreshDirect, an online grocery delivery service based out of New York. Terms of the deal are not being disclosed, but for … Read more
Supply chain logistics platform Flexport is acquiring the assets of shuttered digital freight network Convoy, according to a memo Flexport CEO Ryan Peterson sent to staff Wednesday. Flexport will restore Convoy’s trucking logistics services for customers in the coming weeks, reads the memo, shared by Freight Waves. Peterson said Flexport won’t acquire the business or … Read more
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Automattic, the company that runs WordPress.com, Tumblr, Pocket Casts, and a number of other popular web properties, just made a different kind of acquisition: it’s buying Texts, a universal messaging app, for $50 million. Texts is an app for all your messaging apps. You can use it to log in to WhatsApp, Instagram, LinkedIn, Signal, … Read more
Happy Saturday, folks, and welcome to Week in Review (WiR), TechCrunch’s newsletter that covers the major stories in tech over the past several days. I feel inclined to begin this edition with a sobering note about the recent events in Israel and Gaza. It’s obviously impacted the tech ecosystem there, but from a purely humanistic … Read more
Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. Splunk’s technology helps businesses monitor and analyze their data to minimize the risk of hacks … Read more
Welcome to Week in Review (WiR), TechCrunch’s regular newsletter covering the past few days in tech. The TC crew — including this reporter — is coming off the high of Disrupt, which hopefully some of you, dear readers, were able to attend in person. Fret not if you didn’t — there’s always next year, and … Read more
In 2023, Anheuser-Busch InBev (NYSE:BUD) confronted substantial challenges. The corporate was embroiled in a media frenzy due to a extremely publicized transgender controversy linked to a Bud Mild marketing campaign. The controversy took a toll on the corporate, resulting in a 20% drop in its share costs in Might. To compound the problems, the corporate … Read more
M&A and consolidation proceed to be main themes within the tech world as firms search for their subsequent steps in a decent market. That’s a pattern impacting not simply startups and bigger tech firms, however the companies that work carefully with them. Within the newest growth, HappyFunCorp — a product engineering home that designs and builds … Read more
Qualcomm’s long term guess on the automotive sector as a profitable buyer base for its chips and associated communications know-how is getting a major push as we speak: the corporate introduced that it’s buying Autotalks, a fabless chipmaker out of Israel that builds semiconductor and system-on-a-chip know-how to assist in automotive security; sources inform us … Read more