London-based online food ordering giant JUST EAT has merged its Brazilian business, RestauranteWeb, with Movile-owned local player iFood to boost its market share to 80% in the region. As part of the merger agreement, JUST EAT will also make a cash investment of £3.5 million into iFood for future expansion of the business. The combined […]
Online fashion giant Zalando has set the price range for its upcoming IPO to a maximum of 22.5 euros per share, which implies that its valuation at the high end would be more than 5 billion euros.
A mere five months after its IPO, Spanish online travel giant eDreams Odigeo has seen its share price free-falling, to a point where 75% of its market value was sent on vacation – perhaps permanently.
Rocket Internet this morning confirmed its intention to float its shares on the Frankfurt Stock Exchange in 2014. All current shareholders have promised not to sell shares for at least 12 months.
Piano Media, the three-year-old Slovakian (but Vienna, Austria-headquartered) paywall tech company we extensively profiled less than a month ago, has joined forces with its American counterpart, Press+. The merger between the two companies, which are respectively Europe-centric and US-centric, results in the world’s largest digital paywall tech company. The transaction is being financed by 3TS […]
Moscow-based video and Web conferencing software maker Webinar.ru has secured a rather large Series A round of financing ($7.3 million) led by Intel Capital and EBRD. Prior backer VTB Capital and Flint Capital also chipped in. Webinar.ru claims thousands of corporate clients, including a Russian online search giant, Microsoft and local telecom giant Rostelecom. The […]
Confirmed (finally): Germany-based online fashion powerhouse Zalando is plotting an IPO in the second half of 2014, planning to list up to 11 percent of shares on the Frankfurt Stock Exchange.