Category "News"

Chinese Consortium Acquires Media.Net For $900 Million

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Divyank Turakhia

A Chinese consortium has acquired the AdTech pioneer for an all-cash transaction of $900 million. The Consortium is led by Zhiyong Zhang, Chairman of Beijing Miteno Communication Technology, a technology, media and telecom (TMT) business listed on the GEM Board of the Shenzhen Stock Exchange. This completes the first...

AskMe Shuts Down; Lays Off 4000 Employees

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AskMe Shut Down

AskMe, the consumer internet search platform has shut down its operations because of the unplanned exit of its principal investor, Astro Holdings. With the shutdown, AskMe will lay off its 4000 employees. AskMe which started as a classified portal in 2010 launched its online shopping portal Askmebazaar in 2012. Later...

IITs To Ban 20 Startups This Placement Season

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Startups Banned From IIT

In a meeting held at IIT Kanpur, the All-IIT Placement Committee (AIPC) have decided to ban about 20 startups and e-commerce companies from 2017 placement season for revoking and altering the offers made to graduating students last year. Apart from this, a warning will be issued to companies that deferred...