Tech-Internet M&A and Investment Database

Be kept informed of the latest tech deals. Get up-to-the-minute analysis about the day’s most interesting fundings and exits. Internet DealBook is a database that tracks the latest angel, VC, private-equity investment and M&A activities across Internet- and technology-related private companies all around the world.

Archive | Daily News RSS feed for this section

SoftBank acquires ARM Holdings

Commentary

Japan-based SoftBank, one of the largest technology companies in the world, has recently acquired British chip maker ARM Holdings for $31.4 billion. Headquartered in Cambridge, England, ARM Holdings provides chips to 95% of smartphones, 80% of digital cameras, and 35% of all electronic devices. As part of the acquisition, ARM will now be delisted from the London Stock Exchange. According to sources, ARM was acquired to boost SoftBank’s Internet of Things (IoT) plans. The deal could give SoftBank the technological edge that it needs to transform itself from a telecoms company into a global leader with a platform focused on the IoT. It will also allow Japan to regain control of the memory chips market, which has been dominated by the UK and South Korea.

Ford acquires Chariot

Commentary

Automakers worldwide have been investing heavily in the ride-sharing market. Toyota is now in collaboration with Uber, Volkswagen has poured millions of dollars into Gett, and General Motors has invested in Lyft. This week, Ford Motor Company’s Smart Mobility has acquired Chariot for an undisclosed amount. Chariot is a San Francisco-based commuter ride-sharing startup that crowdsources its routes as well as its pickup and drop-off locations. Incidentally, the startup has been using Ford’s 15-seater Transit vans since it started operations. According to Ford, the move will make Chariot the foundation of its mobility and shuttle programs, which will be launched in other markets soon. The acquisition will allow Ford to integrate itself into the the booming and highly competitive ride-sharing market, while Chariot will be able to leverage Ford’s logistics and vehicle operations expertise and expand beyond San Francisco.

Walmart reportedly looking to acquire Jet.com

Commentary

Walmart is reportedly currently in talks to acquire Jet.com, a rival of Amazon. In a transaction that could value Jet.com up to $3 billion, the deal is the latest in a string of buyouts in the ecommerce space that includes Bed Bath & Beyond’s acquisition of One King’s Lane and Hudson’s Bay’s purchase of the Gilt Groupe. The deal also highlights a growing trend in the O2O strategy being implemented in the retail environment. For Walmart, Jet.com will give finally give the retail giant the chance to revamp its online store and compete head-on with Amazon, which dominates the ecommerce space with a 41.2% market share.

Uber China to merge with Didi Chuxing

Commentary

After suffering huge losses in China, Uber China is finally surrendering its operations to its homegrown rival, Didi Chuxing. The deal, which will create a merged company worth around $35 billion, will end one of the ride-hailing industry’s biggest rivalries. According to sources, the terms of the deal includes Didi acquiring Uber’s brand, business and data in China, whilst Uber investors will reportedly hold a 20% stake of the combined company. Didi will also invest $1 billion in Uber’s global company as part of the deal. According to analysts, this deal allows Uber to focus on other regions that it operates in, new product development such as UberEats and a possible IPO down the track.