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The price of the deal was not disclosed, suggesting a big reduction from the $1.1 billion that Tumblr fetched the last time it was acquired.
Aspen Pharmacare says its sale of New Zealand infant-formula business to French company Lactalis International has been approved by authorities
Google Cloud CEO Thomas Kurian spoke last week about plans to focus on enterprise customers. Now Google Cloud will acquire the Israeli startup Alooma.
The PIC and Pelo Agricultural Ventures are buying a majority stake in Karan Beef, which operates Africa's largest cattle feedlot and abbatoir, for up to R5.2bn.
A unit of Remgro has bought part of fibre provider Vumatel, as South Africa's richest man seeks a greater share of the country's expanding broadband network.
JSE listed property company Sirius Real Estate has acquired a business park for €9.2m (R136.17m).
FirstRand plans to integrate its UK business segment into its acquisition of UK bank Aldemore, which will help free up funding and liquidity capacity of the bank.
The Progressive Professionals Forum says the sale of Gupta-owned ANN7 and The New Age newspaper to its president will bring a patriotic and progressive voice to South Africa.
A R6.55bn sale of a majority stake in Neotel to connectivity provider Liquid Telecom is still on track and could be finalised by the end of 2016.
State-owned China National Chemical has offered $43bn in an agreed takeover for Swiss pesticide and seed giant Syngenta.
Momentum Metropolitan has entered into an agreement to acquire Alexander Forbes Short Term Insurance business.
The Competition Commission has recommended to the Competition Tribunal that a proposed merger – which will see Capitec acquiring Mercantile Bank – should be approved without conditions.
The JSE-listed fishing and food business announced its subsidiary would buy the entire issued share capital of the company that produces cheese, butter and milk powders.
Hootsuite, a Canadian startup that builds software to help marketers use social media, is said to be for sale.
WhatsApp wasn't widely considered a sound investment by Facebook, which had a messaging platform of its own and more than twice the number of monthly active users, but its growth in the years since says otherwise.
Flight and accommodation booking website Travelstart has acquired a majority stake in Cape Town-based SafariNow.com.
Opposition party Cope has urged the Independent Communications Authority of South Africa to revoke the broadcasting licence of former Gupta-owned TV channel ANN7.
Ascendis Health has finalised a number of European acquisitions in recent months which are expected to boost profit margins in 2018.
One way companies can grow is by acquiring of other companies. While this can prove lucrative, there are also risks. Contributor Simon Brown tells shareholders what to look out for.
South Africa’s third largest mobile network says its board has accepted an offer from Blue Label Telecoms to acquire 35% of the company for R4bn.
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