iOCO has made its second acquisition in four months. (Graphic: Nicola Mawson | Official images) Having pivoted into profitability and resolved legacy issues stemming from its time as EOH, iOCO has announced its second acquisition in four months, buying South African enterprise resource planning (ERP) solutions provider Astraia Technologies. The deal follows iOCO’s purchase of…
iOCO CEO Rhys Summerton iOCO has struck its second acquisition in four months, agreeing to buy enterprise resource planning specialist Astraia Technology as CEO Rhys Summerton makes good on his promise to return the group to “serial acquirer” status. The JSE-listed technology group said on Friday it has entered into a binding agreement – signed…
The French media giant says the deal will strengthen MultiChoice’s operations across Africa and expand its international reach. French media company Canal+ has completed its acquisition of MultiChoice Group, making the African pay television company a full subsidiary of the global entertainment business. The development marks the end of a transaction that began in 2023…
Just days after its historic initial public offering (IPO), SpaceX has officially agreed to acquire AI coding startup Cursor in a massive $60 billion all-stock transaction. The agreement solidifies a fast-moving corporate courtship that began less than two months ago, with the deal projected to close in the third quarter of this year. Read: Meta…
South Africa’s Competition Commission has approved the R1 billion acquisition of major payment platform Pay@ by the fintech group Araxi. The transaction, facilitated through Araxi’s African Resonance subsidiary, involves the acquisition of Pay@ and its cross-border expansion arm, IPH, without conditions. The Commission determined that the deal is unlikely to substantially diminish competition in any…
The volatile saga of GameStop has taken a dramatic turn following reports from the Wall Street Journal that the retailer is preparing a potential bid to acquire eBay. While no formal proposal has been submitted, sources suggest an offer could be presented to the e-commerce giant as early as late May 2026. Read: ASUS launches…
Telness Tech executive leadership team on the announcement that Telia will be the first Mobile Network Operator (MNO) deploying Seamless OS. From the left, Sergio Budkin; CRO, Martina Klingvall; Founder and CEO, Sebastian Stecki; CMO, Pablo Noguerol; COO, Christina Berggren; VP Customer, Delivery & Product, Jonas Cedenwing; Founder and CTO. Today, Nordic Communications Group AB,…
IQM Finland Oy (“IQM”, “IQM Quantum Computers”, “Company”) is a global leader in superconducting quantum computers. IQM provides both on-premises full-stack quantum computers and a cloud platform to access its systems. IQM customers include leading high-performance computing centres, research laboratories, universities, and enterprises that require full access to quantum hardware and software. IQM has over…
The Competition Commission has greenlit Stanlib to acquire Africa Data Centres without conditions. (Image source: 123RF, created via GenAI) The Competition Commission (CompCom) has recommended the Competition Tribunal approve the proposed transaction, whereby Stanlib intends to acquire Africa Data Centres (ADC), without conditions. Data centre operator ADC is a business unit of Pan-African technology group…
The high-stakes tug-of-war over Warner Bros. Discovery (WBD) remains the focal point of Hollywood, as Paramount Skydance continues to challenge Netflix’s massive acquisition proposal. In an effort to mitigate industry-wide anxiety regarding the potential merger, Netflix co-CEO Ted Sarandos has begun a charm offensive aimed at reassuring theatre owners and traditionalists about the streaming giant’s…
