Rakuten Inc (4755.T) plans to buy U.S. eBook company OverDrive Inc for around 50 billion yen ($415 million), the Nikkei business daily reported, the latest in a spate of overseas acquisitions by the Japanese online retailer.
China's Momo Inc, a mobile-based social networking platform, filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of its American Depositary Shares (ADS).
Facebook (FB.O), the world's most popular social network, gained European Union clearance on Friday for its proposed $19 billion takeover of mobile messaging startup WhatsApp in a deal setting it against the telecoms industry.
Japan's largest e-commerce firm Rakuten Inc (4755.T) said it was in talks to buy U.S. rebate site operator Ebates, a deal reportedly worth $950 million and the latest in a long line of overseas acquisitions.
Tokyo-based mobile messaging app Line Corp could reach its goal of 500 million instant messaging users by the end of this year even as it thinks about a possible IPO, Bloomberg reported.
Tokyo, Japan-based Internet services company Rakuten Inc opened its first European research and development (R&D) facility in Paris, France, which is called the Rakuten Institute of Technology.
Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.
Subscribe to VCpost newsletter
Most Popular
- SSDI Payment April 2024: Who Will Receive Social Security Benefits Today?
- Canadian Family Receives Wrong Remains After Father Died While on Vacation in Cuba
- Baltimore Sues Dali Cargo Ship Owner and Manager for Negligence That Led to Key Bridge Collapse
- Delta Air Lines Increases Flight Attendant, Ground Workers Wages by 5%, Boosts Starting Pay
- Construction Commences on Multi-Billion Dollar High-Speed Rail Line Connecting Las Vegas and Los Angeles
- Tesla Uses New State Law to Bypass Austin's Environmental Regulations at Texas Gigafactory
- Celebrity Designer Nancy Gonzalez Jailed for Smuggling Crocodile, Python Handbags
- JetBlue Ex-CEO Robin Hayes Appointed to Head Airbus’s North American Division