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.

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Walmart reportedly looking to acquire Jet.com

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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

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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.

Google acquires LaunchKit

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Google recently announced that it is acquiring mobile app tool maker LaunchKit. Launched two years ago, LaunchKit offers a suite of tools aimed at making the development of mobile apps easier. These tools include Screenshot Builder, App Website Builder, Review Monitor and Sales Reporter. According to LaunchKit, these tools have helped more than 50,000 developers create, launch and monitor their apps. As part of the deal, LaunchKit’s team will be joining Google’s Developer Product Group. The company’s hosted services will be open-sourced and available on GitHub in the next 12 months, and discontinued thereafter.

LinkedIn acquires PointDrive

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LinkedIn has acquired PointDrive, a Chicago-based startup that lets sales personnel share visual content with prospective clients. PointDrive offers cloud-based tools that enables integration of files, videos, graphics, and other content into a webpage that can be presented to customers during a sales pitch. The acquisition is intended to boost LinkedIn’s Sales Solutions platform. The deal follows LinkedIn’s acquisition of Fliptop, its partnership with Salesforce and the launch of its Social Selling Index. According to sources, Microsoft plans to integrate LinkedIn’s sales products within its own CRM products in order to improve sales cycles through actionable insights.