Mergers & Acquisitions
Facebook acquires sports aggregator SportStream to improve real-time sports discussion community
In a bid to outdo Twitter in terms of real-time sports discussion, social media giant Facebook has bought sports aggregator SportStream for an undisclosed amount.
Yahoo acquires website turbocharger startup PeerCDN
Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.
PayPal picks up San Francisco's StackMob to build a better mobile platform
Payments giant PayPal announced its acquisition of San Francisco-based mobile app developer StackMob for an undisclosed sum to help improve its mobile payments apps and services.
Owner of Colombia's Avianca eyes takeover of Italian airline Alitalia, Polish flag carrier LOT
German Efromovich, the owner of Colombian flag carrier Avianca, is reportedly looking to acquire Italian airline Alitalia or Polish flag carrier LOT Polish Airlines. Efromovich seeks to boost his presence in Europe.