London grocery delivery app Dija snapped up by rival GoPuff London-based grocery app Dija has reportedly been sold to larger rival GoPuff amid fierce competition in the UK’s nascent rapid delivery market. The startup is set to announce the sale tomorrow, just five months after it launched, Sky News reported. While details of the deal will not be disclosed, the takeover will reportedly value Dija [...]
German publisher Axel Springer to buy US news site Politico German publisher Axel Springer to buy US news site Politico Germany publishing giant Axel Springer has inked a deal to buy US website Politico as it beefs up its portfolio of digital news brands. The deal will also see the Berlin-based business acquire the 50 per cent of Politico Europe it does not already own, as well as tech news website Protocol. The two sides [...]
Forbes to go public through $630m Spac deal Forbes to go public through $630m Spac deal The publisher behind Forbes magazine has unveiled plans to go public through a blank-cheque deal that will value the company at $630m (£460m). The merger with Magnum Opus Acquisition Limited will raise around $600m for the business information brand. The deal also includes $400m in Pipe [private investment in public equity] funding that includes funds [...]
Former Capco executives club together for £8m Proud Embankment deal August 26, 2021 A property investment firm led by former Capital & Counties executives has acquired London nightclub Proud Embankment for £8m in a show of confidence in the return to dancefloors. Castlebrooke Investments has taken a 17-year lease on 8 Victoria Embankment, the entertainment venue that plays host to Proud Cabaret. The former riverside tram shed entrance [...]
Big Tech vows to ramp up cybersecurity after White House summit August 26, 2021 Major US tech firms have pledged to ramp up their cybersecurity defences following a White House summit yesterday. Google, Microsoft, Amazon and IBM were among the companies to make multi-billion-dollar commitments as President Joe Biden called on top chief executives to “raise the bar on cybersecurity”. During a meeting alongside his members of his Cabinet, [...]
UK to scrap web cookie requests in post-Brexit data revamp August 26, 2021 The UK will scrap “pointless” web cookie requests as part of a major package of reforms that will replace the EU’s data laws with a new post-Brexit regime. Culture secretary Oliver Dowden today unveiled a string of new measures designed to harness the power of data to drive growth and create jobs. The move will [...]
Competition watchdog blasts PCR test firms over consumer law breaches August 25, 2021 The UK competition watchdog has warned of a potential crackdown on PCR Covid test providers amid concerns they may be breaking consumer law. In an open letter the Competition and Markets Authority (CMA) raised concerns about a number of harmful practices in the sector. These included advertising up-front prices for PCR tests that do not [...]
Relx snaps up Leeds software firm TruNarrative in £130m deal August 25, 2021 Relx has snapped up Leeds-based software group TruNarrative as the FTSE media giant continues to beef up its business through a string of acquisitions. TruNarrative, which was founded in 2016 and offers software that helps customers reduce risk and financial crime, will merge with the company’s LexisNexis Risk Solutions division. The company did not disclose [...]
Data watchdog targets social media with new Children’s Code August 25, 2021 The UK data watchdog is setting its sights on social media and gaming companies with new regulations to protect children that come into force next week. The Children’s Code brings in new rules around protecting data for online services such as apps, online games and web and social media sites likely to be accessed by [...]
Inmarsat bids farewell to Old Street as it takes up new City HQ August 25, 2021 Inmarsat will be leaving its iconic headquarters in Shoreditch to take up new office space in the City. The British satellite giant has pre-let 121,00 square feet at 50 Finsbury Square, marking an end to its towering presence on Old Street roundabout. The move is the latest example of downsizing by a major British company [...]
