acquisition

Ecargo (ECG) has completed its acquisition of China export business Metcash Export Services from supermarket wholesaler Metcash. The wholesaler, which supplies more than 10,000 independent retailers in Australia, still owns 15 per cent of Metcash Export Services, while ECG controls the remaining 85 per cent. The Metcash’s China team will

The Federal Court of Australia has approved the upcoming merger between Nine and Fairfax, clearing the final hurdle after Fairfax shareholders and the ACCC gave the deal the green light earlier this month.  Former Domain CEO Antony Catalano had tried to stop the deal from going ahead with his legal team

SAP will buy survey software company Qualtrics for US$8 billion in cash with both companies hoping to provide value to businesses by combining experience data and operational data. The cloud giant has secured financing in the amount of €7 billion to cover purchase price and acquisition-related costs. According to Axios,

fairfax

The ACCC has given the green light to Nine’s takeover of Fairfax, with the consumer watchdog noting it will not “substantially lessen competition” in the Australian news industry. The ACCC investigation involved contact with hundreds of stakeholders, consideration of more than 1000 submissions and examination of internal documents from both

River City Labs Team

ACS has acquired Brisbane-based River City Labs Group and will take over the operations of the RCL Accelerator and Startup Catalyst. The ICT industry body said it will commit $7.5 million over the next three years to support tech entrepreneurs. The acquisition takes effect immediately and all staff will remain

Even as it expands rapidly to fill the volume of ever growing demand, the adtech space simultaneously consolidates. The week was book-ended by two deals. The first was big and interesting because of the price and who was involved. The later for its intent. On May 12 Verizon bought AOL

Global computing company Salesforce celebrated the one-year anniversary of its $US2.5 billion acquisition of ExactTarget by releasing a dramatic upgrade of its Marketing Cloud. At the company’s San Francisco headquarters on Wednesday, Saleforce rolled out the Salesforce One enhancements, bringing together the company’s Sales and Service Clouds, AppExchange and Marketing

Creative crowdsourcing outfit Design Crowd has acquired Worth1000, a creative contest platform, in a move that will add an extra 600,000 users to its base. The companies are well suited for the merger, as Worth1000’s audience includes graphic designers, writers, photographers and illustrators — a similar profile to its new

Ecommerce giant Alibaba has purchased the outstanding shares in mobile browser maker UCWeb, in what it says is China’s biggest Internet merger. The company already owned about two thirds of the company from earlier transactions, starting back in 2009. In a statement translated by Techinasia.com, Alibaba executives noted, “Today’s Alibaba

The increasing sophistication of platforms, the natural development of digital capabilities over time and the evolution of the marketing function are all feeding into an important shift in CMO priorities. Engagement is now as important as acquisition.  Engagement is becoming a critical watchword and innovation is now the order of