Vurb, a contextualised search app that had raised $10m from backers including Tencent, is set to be acquired by Snapchat in a 75-25 stock-cash deal.
GM reportedly approached Lyft, in which it holds a 9% stake, over an acquisition in recent weeks only to be rejected by the ride ordering platform, valued at $5.5bn in January.
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
CME Group exited deep learning technology startup Nervana Systems, which had disclosed about $25m in VC funding, through the acquisition.
Mobile payment technology provider Citrus Pay is set to be bought for up to $180m in a cash deal that will allow e-commerce companies eContext and Beenos to exit.
Wal-Mart has closed the $3.3bn acquisition of e-commerce company Jet.com, providing exits to Alphabet and Alibaba in the process.
Pfizer invested in Bamboo in the first quarter and has agreed to pay up to $645m in total to acquire the company, depending on milestones.
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.
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