Irobiko Chimezie

Lagos Continental Hotel acquired by Mobil fuel and lubricant distributor

11 Plc, the sole authorized distributor of Mobil fuel and lubricant brands in Nigeria, has finalized discussions with the Asset Management Company of Nigeria (AMCON) to acquire the Lagos Continental Hotel, according to a statement released on Monday. The company said it has notified its shareholders, stakeholders, the Nigerian Stock Exchange (NSE) as well as … Continue reading Lagos Continental Hotel acquired by Mobil fuel and lubricant distributor

Probe LinkedIn and Microsoft antitrust issues, Salesforce begs EU

Earlier in June, Microsoft bought LinkedIn for a reported $26.2 billion, reasserting itself as one of the biggest players in the world's technology market. The business deal between these two companies in different sectors was one of the smartest mergers today. Image shows Jeff Weiner, chief of LinkedIn, left, Satya Nadella, chief of Microsoft, and Reid Hoffman, executive … Continue reading Probe LinkedIn and Microsoft antitrust issues, Salesforce begs EU

Spotify preparing bid to acquire SoundCloud

Spotify, the popular music streaming app, is reportedly holding talks to make an official bid for rival service SoundCloud. Digital Spy quoted the Financial Times as reporting that "the companies are currently in advanced negotiations, though a price is unclear at the moment and insiders also suggest that talks could still collapse". The proposal from … Continue reading Spotify preparing bid to acquire SoundCloud