Grab inks Kudo acquisition agreement, appoints new head of cashless payments solution

Anisa Menur A. Maulani, reporting for E27;

Rumours have been circulating around Indonesian startup communities since February 2017 that Southeast Asian ride-hailing giant Grab has acquired Indonesian O2O e-commerce platform Kudo.

After a period of silence, today Grab finally confirmed that it has signed an agreement to acquire Kudo.

This acquisition will surely help Grab Pay gain more ground.

Myanmar’s MyPay in serious talks to acquire Singapore’s Fastacash; Co-founder rejoins board after absence

Kevin McSpadden, writing for E27;

Two Southeast Asian payment companies that specialise in using social media to facilitate money transfers are in serious acquisition talks and expect the deal to be done in the coming months.

The Singaporean online payment company fastacash has been approached with an acquisition offer from Myanmar’s MyPay and are moving forward with the deal, fastacash General Manager Mark Carter told e27.

The deal has been approved by Fastacash shareholders and is expected to be completed in the next 60-90 days.

Mozilla pockets Pocket in first acquisition

Devin Coldewey, reporting for TechCrunch;

Mozilla bought content time-shifting app Pocket for an undisclosed amount, the companies announced simultaneously on their blogs. What started as a handy Firefox plug-in for saving articles you didn’t have time for became more and more closely integrated with the browser, and today they’re making it official.

Pocket officially announcing the acquisition.

Marissa Mayer resigning from Yahoo board as remaining company renames itself Altaba

Kate Conger, reporting for TechCrunch;

Despite hiccups, Yahoo’s planned sale to Verizon appears to be moving forward — but some portions of the company will be left behind and renamed Altaba Inc.

Yahoo is hanging on to its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo Japan, and those assets will survive as an investment company under the new name Altaba Inc., as the rest of Yahoo integrates with Verizon. The assets had previously been nicknamed Remain Co.

Alibaba is currently valued at $233.14 billion, a good reason why Yahoo! Altaba Inc. will still be holding on to it.

It’s sad to see an Internet icon to go out like this.