All the suitors who might buy Slack and why


One of the world’s richest unicorns may find a new home. 

Slack, the workplace chat system best known for having really good GIF integration, is generating acquisition interest from several companies, including Amazon, Bloomberg reported. The service launched in 2013 and has been adopted all over the world. (Mashable is a Slack customer.)

Slack also gained fame by being one of the most well-funded startups. The company has raised around $540 million total, most recently bringing in $200 million in April 2016. 

But it looks like it may be nixing an initial public offering and going straight for an acquisition. We weighed its options.  Read more…

More about Startups, Amazon, Acquisition, Slack, and Apps And Software

Google buys VR company Owlchemy


In case you needed more proof that Google is serious about virtual reality, here’s a bit of news for you: The Mountain View company has acquired Owlchemy, as announced by both companies on their respective blogs. 

Owlchemy has been around for six years, and in that time it launched several notable VR games, including Job Simulator (the game that HTC used for its Vive demos) and, more recently, Rick and Morty: Virtual Rick-ality which is available for HTC Vive as well as Oculus. 

The company said in a post it will “continue building high quality VR content for platforms like the HTC Vive, Oculus Touch, and PlayStation VR.” Read more…

More about Google, Acquisition, Virtual Reality, Vr, and Owlchemy

Uber rival Lyft acquires Indian startup to build large-scale infrastructure


After its “anti-Uber alliance” with India’s homegrown cab-hailing service Ola, along with two others, Lyft is now tapping into the country’s technology talent.

The U.S. firm has reportedly acquired Pune-based startup FinitePaths, creator of Trail Answers, a Quora-like app that offered answers to user questions using social, local and contextual signals.

FinitePaths has stopped signing up new users and will shut down the app over the next two weeks. Its founders, Vinay Kakade and Balaji Raghavan, will join the Lyft team to help build its “large scale infrastructure and services”. Read more…

More about Techonology, Acquisition, India, Ride Sharing, and Ride Hailing Apps

India’s biggest online retailer is acquiring eBay’s India business, report says


India’s largest online retailer Flipkart is in talks to acquire eBay’s domestic business, according to a report from Factor Daily. The deal is said to be structured as part of Flipkart’s ongoing $2 billion fundraising.

The Bangalore-based company is seen to be strengthening its arsenal to wage a war with Amazon that might soon define India’s $15 billion e-commerce sector.

EBay, which debuted in India in 2004, three years before Flipkart and almost a decade before Amazon, could never quite crack the market.  Read more…

More about Investment, Acquisition, Mergers, Deals, and Ecommerce