Deals articles


Verizon to acquire Yahoo for US$4.83 billion

Verizon to acquire Yahoo for US$4.83 billion

Verizon, an American broadband telecommunications company, has announced it is to acquire Yahoo, an American multinational technology company globally known for its Web portal, search engine Yahoo! Search, et al, for US$4.83 billion. Both companies have entered into a definitive agreement to that effect and will see Verizon acquire Yahoo’s operating business [1] for approximately


MTN to sell-off controlling stake in Afrihost

MTN, Africa’s leading telecommunications company, has announced its intention to sell-off its controlling stake of 50.02% in Afrihost, a South African Internet services provider. The sale is planned so as to enable the telco focus on core business, and pursue opportunities in relevant adjacent businesses. “The deal is in line with MTN’s strategy of focusing on core business


SA Startup, Custos Raises US$265,000 From Local and US Investors

Custos Media Technologies, a South African startup that combats media piracy by using the bitcoin blockchain, has announced it has raised about US$265,000 from local and US investors in a seed investment round. The funds will allow the company reach the high ­risk media producers, for whom piracy can literally cut tens of millions of


South Africa’s Tritech Media Acquires 51% Stake In Ionizr

Tritech Media, a South African-based media technology company, has announced the acquisition of an effective 51% interest in Ionizr, the pioneer in real-time proximity advertising technology in South Africa. Ionizr is the first company in South Africa that combines technology, internet of things, analytics, marketing and digital media to provide advanced data-driven location based marketing


Ringier Africa Deals Group acquires DealDey

Newly-founded joint venture between Swiss Ringier Africa AG and South African Silvertree Internet Holdings (Pty) Ltd, Ringier Africa Deals Group, has announced the acquisition of DealDey, one of Nigeria’s biggest online shopping platforms. DealDey was launched in 2011 by serial entrepreneur Simdul Shagaya together with Investment AB Kinnevik. With over 1 million users, 15,000 active


MTN, Sony Music sign content distribution deal

MTN, a leading telecommunication service provider in Africa, has announced the signing of a content distribution deal with Sony Music, an American music corporation. The deal will give MTN’s customers unprecedented access to Sony’s expansive catalogue of local and international performers. “We are delighted to have signed this agreement with Sony as it gives expression


Orange to acquire Millicom’s subsidiary in the DRC

Orange, one of the world’s leading telecommunications operators, has announced the signing of an agreement with Millicom to acquire its subsidiary – Tigo DRC – in the Democratic Republic of Congo (DRC). Through this deal, Orange would reinforce significantly its presence in the DRC, hence becoming one of the leading mobile operators in the country


Online travel agency, Travelstart rakes in US$40million from Amadeus & MTN

Travelstart, a leading online travel agency in Africa, has raked in US$40 million in investment from Amadeus, the global technology investor and MTN, Africa’s leading telecommunication telecom services operator. The investment will support the expansion of Travelstart into key markets and the growth of its team and product offering, at the same time as the


Apple’s authorized retailer iStore begins trade-in offers for iPhones in Nigeria

iStore, an Apple authorized retailer designed to make it convenient for Nigerians to purchase Apple products and accessories from its online or physical store has launched a “trade-in” offer to customers around the country. The offer allows customers get up to 50% off the purchase of their next iPhone when they trade in their current

Walmart is selling two Android smartphones for $10 each

Walmart is here with yet another price-slashing deal. The company has announced it’ll be selling two $10-priced Android smartphones. You should already know what to expect — what you paid for — entry to mid-range handsets with some pricey specs. Both running Android 4.4 KitKat, Walmart will be offering the TracFone LG Sunrise L15G and


Uber South Africa, WesBank Launch Multimillion-rand Vehicle Solutions Program, To Drive Entrepreneurship In South Africa

In a bid to drive entrepreneurship in South Africa’s transport industry, Uber South Africa, an online taxi hailing service and WesBank, a South African-based vehicle finance provider have announced the signing of a vehicle solutions program worth ZAR200million. The Uber Vehicle Solutions Program give Uber driver-partners who may not qualify for traditional credit the opportunity


Orange Group Sells Off Its Stake In Telkom Kenya

Orange, one of the world’s leading telecommunication operator has announced the sale of its entire 70% stake in Telkom Kenya. Telkom Kenya is Kenya’s incumbent fixed-line operator and is the third-largest player in the mobile market – it operates a high-quality mobile network. The sale, which was made through a binding agreement with Helios Investment


Hellofood Acquires Egyptian food ordering platform, Otlob

Hellofood, a food ordering platform has announced the acquisition of Egyptian food ordering platform, Otlob from A15, its previous owners. The deal was completed on October 28, 2015 for an undisclosed sum. Otlob, launched in 1999 as one of the first companies in Egypt’s online landscape, grew so quickly it now processes thousands of orders


Silvertree, Kevin Tucker Acquires Price Comparison Platform, PriceCheck From Naspers

Silvertree Internet Holdings, an operating and holding company for early and mid-stage tech businesses and Kevin Tucker have announced the acquisition of leading online price comparison platform, PriceCheck from Naspers, a South Africa-based global media and Internet giant for an undisclosed sum. The deal, made in partnership with Silvertree’s subsidiary, ClicknCompare, sees Kevin Tucker reacquire