Short-form streaming platform Quibi in advanced talks to sell catalog content to Roku

According to a report from the Wall Street Journal citing sources familiar with the matter at hand, Quibi is in advanced talks to sell its content catalog to video-streaming device maker Roku Inc following the streaming service provider winding down its operations. Los Angeles-based Quibi, which offered entertainment and news in episodes of 10 minutes…

Ride hailing service provider Bolt to invest $118M in European e-scooter market in 2021

On Thursday, Estonia-based ride-hailing service provider Bolt stated, it has decided to invest $118 million in 2021 and has set a goal to become the biggest e-scooter rental company in Europe. The development comes at a time when cab services have been severely affected by the coronavirus-induced COVID19 pandemic. As part of this strategy Bolt…

Estonia’s ride-sharing service provider Bolt launches e-scooter in 45 cities

On Wednesday, Estonia’s Bolt, a ride-sharing service provider, launched its own electric scooter model with the aim of launching the scooter service in more than 45 cities this summer. The Estonian company has grabbed business from Uber in many major African and Eastern Europe cities. Bolt has more than 30 million users in over 35…

Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

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Salesforce acquires Israeli software developer ClickSoftware for $1.35 billion

Salesforce sees synergy in the deal as it would help it accelerate the growth of its Service Cloud platform. On Thursday, U.S. cloud-based service provider Salesforce stated, it has signed an agreement to acquire ClickSoftware, an Israeli software developer, for $1.35 billion in cash and shares. The acquisition of ClickSoftware, which makes cloud-based field service…