Social & Digital Media News From India & The World [12th February 2014]

by Prasant Naidu on February 12, 2022

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Indian social media news

India News Headlines

1. Onmobile Global’s Primary Shareholder Makes Open Offer Of Rs 47.6 Crore For 10% Of Co: A much awaited offer for Onmobile Global* shareholders: after several conference calls where shareholders were asking the company to buy back shares Onmobile Global, its largest shareholder Onmobile Systems Inc has made an open offer for 10.03% of the company’s shares for a total consideration of Rs 47.6 crore (around $7.6M), offering existing shareholders an opportunity to exit at Rs 40 per share for maximum of 11,900,000 shares. Read more here.

2. Elections to raise advertising growth this year: GroupM: Generous advertising by political parties is expected to raise growth of the ad & media sector this year. In its annual forecast, GroupM, the country’s largest media agency, has said overall advertising growth will stand at 11.6 per cent this year, against 10 per cent last year. Read more here.

3. Startup Aureus Analytics Wants A Piece of the Big Data Pie: Big data is big. And startups see bigger opportunities in it. Aureus Analytics is one such company that has ambitious plans. The startup’s platform, called ASAP or the Aureus Statistical and Analytical Platform is capable of producing business results by mining enterprise data. Read more here.

4. Penguin to pull book on Hinduism in India after legal row: Penguin India has agreed to pull and destroy all copies of a book on Hinduism in the country to settle a lawsuit with a group of academics who found it offensive. Read more here.

Asia News Headlines

1. Dolby Singapore partners Blugrapes to amplify its social media presence across the region: Dolby Singapore partners leading digital marketing consulting firm Blugrapes to amplify its social media initiatives across ASEAN, Australia and New Zealand. Read more here.

2. LinkedIn crosses 50-million users in Asia Pacific: The fact becomes more evident as LinkedIn, the dominant player in the space, crosses the 50 million members’ milestone. Read more here.

3. Alibaba to buy digital mapping company AutoNavi: Alibaba Group Holding Ltd, China’s largest e-commerce firm, offered to buy AutoNavi Holdings Ltd in a dea. l valuing the Chinese digital mapping and navigation firm at $1.58 billion. Read more here.

4. Vuclip to expand to Singapore, Philippines & Vietnam; looking at profitability by 2014 end: Vuclip, the world’s largest independent mobile video and media firm with a presence in Southeast Asia and the Middle East, is planning to expand its operations into Singapore, Philippines and Vietnam soon. Read more here.

5. Viber CEO pours cold water on a report that it’s in talks to be acquired by an Asian IM company: A report surfaced today saying that Internet telephony company Viber was in talks with a “leading” Asian IM company for an acquisition to the tune of $400 million. However, Viber CEO Talmon Marco says he has “no knowledge of any of the items mentioned in the story,” in a statement issued to us by the company. Read more here.

World News Headlines

1. Twitter’s Web Presence Might Soon Break Away From The Vertical Timeline Flow: There’s a new Twitter redesign making the rounds, first spotted by Mashable’s Matt Petronzio, and it changes things considerably. Read more here.

2. Yahoo Acquires Social Diary Company Wander For A Price Over $10M: Yahoo has acquired New York-based startup Wander. Wander, which has been around since graduating TechStars in 2012, is aimed around changing our content creation habits. Originally, Wander was focused on sharing travel experiences in a diary, but soon pivoted focus onto an app called Days. Read more here.

3. Social Concierge Startup Sosh Expands Into Its Third Market, Seattle: Residents of San Francisco and New York City have been lucky enough over the last year or so to have access to Sosh, a social concierge that helps users find fun and interesting things to do based on their location and interests. Read more here.

4. Depop Takes Its Social Shopping App To Android After 200K Downloads On iOS: Social mobile shopping app and U.K. startup Depop has extended the reach of its marketplace by launching on Android. Read more here.

5. Klout reportedly to be acquired by social marketing company Lithium Technologies: Klout is reportedly being acquired by the social marketing company Lithium Technologies. Sources tell Re/code that the deal is in the “low nine figures” for the company that help tells users how influential they are. Read more here.

6. Stripe goes global: Customers can now accept payment in 130 currencies: On the heels of a massive $80 million fundraise, Stripe is finally going global. Today, the developer friendly payments service announced it is available in 130 currencies. Previously, merchants could only receive money in U.S. and Canadian dollars, the euro, and the British pound. Read more here.

7. Open-source video platform Kaltura scores $47M: Kaltura, an open-source video platform, has raised an additional $47 million in funding today. The company’s platform is based on open-source software that enables its clients to host, publish, manage, monetize, and analyze video content. Read more here.

8. Google Integrates comScore Into Its Ad-Tech in Bid for Brand Dollars: Google is bringing real time branding metrics into its ad technology via an integration with comScore, the company announced today. Read more here.

Image credit: Flickr

Prasant Naidu

Founder and Blogger at Lighthouse Insights.

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