After a period of serious speculation, it has been confirmed that popular media sales company, Habari, has been bought by giant media and printing group, Caxton.
Caxon, which is South Africa’s largest publisher and commercial printer, has made a smart move in acquiring Habari. With digital ad revenue skyrocketing in South Africa at the moment, Caxon could get the upper hand in this playing field with Habari.
Habari is quite the acquistion. Founded in 2004, the company has offices in many fore-fronting African cities such as Cape Town, Johannesburg, Nairobi and Lagos.
Some of Habari’s biggest names in the African digital real estate scene include LinkedIN, MTV, All4Women, BBC.com, 2Go and Autotrader. (more…)
Apple has certainly been using those coffers filled with cash lately. They have made a number of acquisitions in the last year, including the Kinect co-creators. They aren’t done yet, though. According to the Wall Street Journal, Apple has purchased Topsy, a search engine and analytics firm for tweets that have been one of Twitter’s biggest partners. Though there’s no clear implication for what Apple might do with Topsy, the Journal suggests that it could begin using Topsy’s data to better target ads, to inform users of its products about popular subjects, or to generally tap into of-the-moment interests. (more…)
Johannesburg-based digital communications company, Cerebra, has just announced the sale of the majority stake in their business to one of the world’s leading listed global agencies, WPP.
Cerebra was founded in 2006 and is perhaps best know for building, engaging and activating communities for big-name clients such as Vodacom, Hollard, Nedbank, Autopage and ABSA.
This deal with WPP, will firmly place Cerebra in an advantageous position within the growing social media and social business landscape across South Africa and the rest of the African continent.
CEO of Cerebra, Mike Stopforth, believes that the partnership between Cerebra and WPP is ideal:
“Cerebra has actively helped define the industry of social media communication and social business transformation in South Africa for many years. WPP’s remarkable success in South Africa, their equity footprint in Africa and their global thought leadership in strategic communication make them a relevant and highly suitable partner for us” he said. (more…)
Yesterday, we reported on Snapchat saying “no thanks” to Facebook’s incredible $3 billion offer to buy the budding messaging app.
Many thought it was a crazy offer to turn down, but wasn’t it a crazy offer to start with? What is the real reason Facebook is so intent on owning Snapchat?
Well, to put it bluntly, it’s because they’re nervous. In actual fact, Snapchat is quite the competition for Facebook – even though they carry the label of the ‘world’s largest social network’. (more…)
In what some call a surprising move, instant messaging app, Snapchat, has turned down an acquisition offer from the world’s biggest social network, Facebook.
Why the surprise? Well, Snapchat’s founder’s and investors would’ve been very rich, had they decided to accept Facebook’s offer of $3 billion – cash.
Snapchat is a messaging service that allows it’s users to send text messages or photographs that disappear after a few seconds. You can imagine that the app is extremely popular among teenagers. You can tell your crush you like them, or send a sneaky photo, and then quickly evade the inevitable embarrassment after the message or photo deletes itself after a few seconds.
Founded in September of 2011, Snapchat was started by two Stanford University students, Evan Spiegel and Bobby Murphy, as part of their final class project.
Initially, the project was frowned upon by Siegel and Murphy’s fellow classmates. However, the pair decided to go ahead and eventually launched Snapchat in Spiegel’s father’s living room. (more…)
Google has acquired their 8th company for 2013 – and this one is actually rather cool.
Mega-corporation, Google, has acquired Bump Technologies as of yesterday.
Bump Technologies released a statement on their blog yesterday, September 16th, stating that they are now part of the Google family.
Bump said that hey are “thrilled” to have joined the almighty Google, as they share the same belief in making communication and connectivity all around the world easier.
Bump Technologies, which was founded in 2008, is most famous for it’s popular app – simply called Bump – that allows you to share files, photos and contact information by literally bumping your smartphones together. (more…)
Listed entity, Imperial Holdings is entering the mobile and telecommunications industries with the recent acquisition of mobile technology firm ForeFront Africa (FFA).
The company will form part of the newly launched Resolve brand and become Resolve Mobile. This will allow the companies to work together seamlessly and provide the best possible digital and mobile strategies to the group, as well as clients and partners.
“Imperial is excited to enter into the strategically critical mobile technology arena alongside a team with such notable skill and extensive African experience,” says Cobus Rossouw, Chief Integration Officer. “We are now well placed to partner our clients in leveraging the potential of mobile commerce in their value chains.”
One of Kenya’s first Internet Service Providers (ISP), AccessKenya, has been bought for R355 million by South African based Dimension Data.
Dimension Data, specializing in information technology services, has acquired the Kenyan ISP for R1.66 per share and for 218 million ordinary shares.
This is a 42% premium on the AccessKenya share price of R1.16 per share.
Founded in 1983, Dimension Data was informed on Tuesday of the shareholders of AccessKenya’s decision to accept their multi-million Rand takeover bid.
87.6% of AccessKenya’s shareholders were represented at the vote and they passed the deal almost unanimously with 99.92% approval.
AccessKenya was launched back in 2000, and is a NSE-listed company. They currently employ 340 staff members and provide internet services to round about 5000 corporate clients.
Dimension Data has been operating for 30 years and has been listed on the JSE since 1987. In 2012, the company generated revenue of $5.84 billion.
Following Dimension Data’s acquisition of AccessKenya, the Kenyan ISP will be delisted from the local stock exchange with immediate effect.
The acquisition sees this South African company moving from strength to strength.