Microsoft to buy AI firm Nuance Communications in $19.7 Billion Deal
Microsoft Corporation said that it would buy artificial intelligence and speech technology firm Nuance Communications Inc. This deal is $19.7 billion, including net debt, as it seeks to bolster its cloud strategy for healthcare. Due to the pandemic situation there is an increased medical consultation over the online, which boosted the telehealth services. Hence, in […]
Ride Hailing Firm GRAB Signs $40 Billion Merger with ALTIMETER Capital
Grab Holdings, Southeast Asia’s biggest ride hailing firm and food delivery, a Singapore based valuable start-up has signed up a merger with Altimeter Growth Corporation, a US based blank check company. This will lead to a public listing of Grab and an initial pro forma equity value of around $39.6 billion in the agreement. Founded […]
Global Digital Payment Company STRIPE Expands to DUBAI
Digital payment giant Stripe, has announced the opening of an office in United Arab Emirates financial capital Dubai. This will be the company’s first expansion into the Middle East. Stripe, US based digital payment company, having its headquarters over Dublin and San Francisco, has expanded its business to UAE. More than 50 companies use Stripe, […]
Telesat set to compete against Amazon and SpaceX to supply faster Broadband
Telesat is a Canada based satellite communications company, which was established in 1969. It is all set to launch a low earth orbit (LEO) satellite constellation, aiming at enabling a high-speed broadband from the space. This company is now all set to compete Jeff Bezos and Elon Musk. Elon Musk, Chief Executive of Tesla Inc. […]