M&A, Investment, and Securities

Amazon Acquires E-commerce Firm Souq

In an announcement in March, Amazon confirmed its acquisition of UAE e-commerce company, Souq. This marks the first official move of the U.S retail company to penetrate the Middle Eastern marketplace. Souq was reportedly acquired at $580 million according to SEC filings. Both companies announced that an initial update now lets customers access Souq.com using their Amazon login.  After which, an integration of products and services will soon allow users to access features available on either site. Ronaldo Mouchawar, CEO and Co-Founder of Souq revealed that their goal with Amazon is to provide clients a vast array of products to […]

Eye-tracking Company SMI acquired by Apple

Apple acquires German company SensoMotoric Instruments (SMI) reports MacRumors. The eye-tracking firm is a significant contributor to the eye-tracking industry, producing hardware for consumer-centric applications such as virtual reality eye-tracking and proprietary eyeglass research. The company also created an eye-tracking development kit made for the HTC Vive VR headset in the previous year. Apple has confirmed the purchase but did not give out any information on their specific plans to use the company’s technology. Source: Tech Crunch