Axel Springer acquires 85% stake in U.S. tech company Appcast for around $79 million

The deal is aimed at expanding Axel Springer’s growth strategy through targeted online job recruitment advertisements. Axel Springer, a German publisher stated, Stepstone, its jobs portal, had acquired a 85% stake in Appcast for around $79 million. Appcast is a U.S. tech company that specializes in programmatic advertising. Programmatic advertising uses automation to serve job…

Softbank acquires two robotics firms from Alphabet

With the purchase SoftBank is positioning itself for the coming data “gold rush”. On Friday, the SoftBank Group Corp stated it would be acquiring two firms that build robots that could walk from Alphabet Inc. The purchase marks an increase of artificial intelligence companies in the group’s portfolio. The Japanese conglomerate will be acquiring U.S.-based…