Tag Archives: M&A

Thank You & Goodbye Quizzing.in – Rohit

Quizzing.in – The Beginning

It was a hot summer afternoon around 6 years back when the idea of collating Quiz Reviews on a single platform struck my tiny little head!

Starting with less than 10 hits a day for the first few days, https://rohitnair.wordpress.com (as Quizzing.in was then known) struck gold from the quality of content that people across the country starting sharing with me.

In due course, word spread and The Quintessential Theory (as it was called then) became the Online resource for Quiz Reviews across the country.

Through my Quintessential journey across the country, I participated and reviewed hundreds of quizzes – shared questions from Quizzes , ‘screwed’ Quizmasters with bad reviews, praised quizhosts for their content and made absolutely no money out of this venture!

With feedback from quizzers across, Quintessential Theory slowly became a one stop shop for Quiz Reviews, Questions and in due course Schedules! Today, I am told every Quizzer worth his salt visits Quizzing .in to get the latest updates in the industry.

My chest bloats with pride!!

Quizzing.in visiting card 

Quintessential Theory become Quizzing.in

In due course, Quintessential Theory became Quizzing. in as I realized the importance of Branding for the site!

In mid 2009, we got funded to improve the site wrt design and technology.

We utilized the complete amount to increase engagement amongst the audience but I’ve always had a tinge of regret that the site remains a single side communication rather than a conversation which I’m sure will change very soon!

Quizzing.in is possibly the only pure Quizzing site that receives over 2000 visitors a day and around 200,000 pageviews a month! Our nearest competitor (if there is any) is not even one-third our size!

3 years back, I threw my shoes into the beautiful world of entrepreneurship and started a wonderful company called QuizWorks which , with a lot of hard work and God’s grace has scaled to becoming one of India’s leading Offline Quiz hosting companies and undoubtedly the country’s #1 digital Quiz company with our reach on the web, facebook and twitter.

QuizWorks acquires Quizzing.in

I am proud to announce today that QuizWorks is buying out Quizzing. in from me and will be handled by an extremely able team of Content and Technology partners to develop the next generation Quizzing engagement platform for all Quizzers across the country.

Personally, I will no longer be heading the site as Editor-in-Chief but will remain a well-wisher and mentor for life!

And for the Inquizitive, I am continuing in the business of Quizzing but taking up the challenge to make quizzing inclusive which a lot of us in the industry have tried to do in the past and I hope I can achieve in the near future!

I’ve had a great journey with core quizzing and fortunately a successful one on both sides and I’d like to thank each and everyone of you for being such a fantastic audience and being loyal to this very niche site for over 6 years!

If you ever have anything to say, feel free to drop a mail or connect with me on any of the networks below!

Till we meet next time, on a different day and a different forum – Keep Quizzing!

Rohit..

And if you have some more time, feel free to have a look at the 6 years of Quizzing. in Timeline below
Quizzing.in

Quizzing.in – Past Present & the Future

eBay acquires GSI Commerce

Online auction and shopping website eBay Inc today said it has agreed to acquire e-commerce company GSI Commerce Inc in a cash-and-debt deal worth about 1.9 billion.

The acquisition will involve cash payment of $1.9 billion and a loan of $467 million to GSI founder Rubin’s new company. The deal is expected to close in the third quarter of 2011.

The deal will strengthen eBay’s Marketplace business.

 

AMD says Goodbye to ATI brand

Advanced Micro Devices last week  said it will remove the ATI name from its products by the end of the year, killing a brand name synonymous with graphics enthusiasts for 25 years.
AMD offers a range of graphics products under the ATI brand, including the Radeon, FirePro and Eyefinity offerings. The chip designer will instead attach the name AMD to those products by the end of the year, said Drew Erskine, an AMD spokesman.
The change in brand name won’t affect the company’s graphics product offerings or plans, Erskine said.
ATI was originally established in 1985 as a graphics company and was acquired by AMD in 2007 for US$5.4 billion. At the time of the acquisition, ATI was the one of the largest graphics chip providers for consumer electronics, set-top boxes and gaming consoles. AMD said at the time it would continue to offer ATI products, and it also announced a next-generation processor design called Fusion, which would combine high-performance graphics and CPU processing on a single piece of silicon.
BusinessWeek reports AMD parting with ATI brand

Burger King sold to 3G Capital

Burger King’s new ruler could help its empire expand.

Burger King Holdings Inc. sealed a deal Thursday to sell itself for $3.26 billion to 3G Capital, an investment firm with strong ties to Latin America. The fast-food chain’s chairman and CEO, John Chidsey, said the deal will help it expand more rapidly overseas.

Chidsey, who will become co-chairman of the company after the tender offer is complete, said the $24-per-share deal also brings 3G Capital’s experience and contacts abroad. “Hopefully they’ll be able to even provide more of an accelerant to the fire,” he told The Associated Press.

More than a third of Burger King’s locations are outside the U.S. That’s growing as the company shifts its expansion focus to other countries. In the past year, 90 percent of its new locations were built abroad.

Google buys Like.com

Like.com, which began life as Riya.com,  a visual search company has finally been acquired by Google. As Riya.com, the company  focused on facial recognition, leverages computer vision and machine learning technology to allow users to search for goods by visual similarity.

While Google’s primary interest in the company is likely to involve using its technology to add value to its core search products, Google also stands to gain through the enhancement of related image recognition services like Google Goggles.

Like.com CEO Munjal Shah confirmed that his company has agreed to be acquired in a post on Like.com’s Web site .

This acquisition is Google’s third in the recent past , after it acquired social currency site Jambool and social entertainment site Slide.com earlier in August.

How many more to go, is the question most analysts are asking. To follow the news stay tuned!

Google buys Metaweb – improves semantic search

Google said it has purchased Metaweb, whose Freebase open-source database catalogs 12 million movies, books, TV shows, celebrities, locations and companies, among other data sets.
Freebase maps the relationship of real-world entities, or people, places and objects, to deliver relevant answers. Metaweb provides widgets and custom integrations of this semantic search technology for content providers.
Metaweb, according to this demo, uses existing relational context to suss out users’ intend in their searches where several different words may be used to query against one entity.
Google intends to use Freebase to help quickly bring Web searchers accurate answers to questions that are tough for a computer to answer.
Specifically, Google will use the Freebase assets to improve existing search tools such as rich snippets and searches for factual answers.
Google Director of Product Management Jack Menzel explained in a blog postthat while users can currently find answers such as President Barack Obama’s birthday or specific events happening in a city, there are additional layers of search and fact finding Google’s existing technology could not serve.
“We can offer this kind of experience because we understand facts about real people and real events out in the world. But what about [colleges on the west coast with tuition under $30,000] or [actors over 40 who have won at least one Oscar]? These are hard questions, and we’ve acquired Metaweb because we believe working together we’ll be able to provide better answers.”
The buy also comes nearly two years after Microsoft acquired Powerset to help its Bing search engine bridge the semantic Web.
Powerset provided search results from a multitude of articles from Wikipedia and, ironically enough, the Freebase database Google now owns.
In that vein, it is fair to question whether Google will tinker with Microsoft Bing’s existing use of Freebase. Menzel said Google and Metaweb plan to maintain Freebase as a free and open database and want other Web companies to use and contribute to the data.
“We believe that by improving Freebase, it will be a tremendous resource to make the Web richer for everyone,” Menzel explained. “And to the extent the Web becomes a better place, this is good for webmasters and good for users.”
Translation: Neither Bing nor anyone else threatens our search empire.
However, Freebase said in a blog post it is not taking on new content partners as it seeks to help Google “link content with entities.”
The buy comes two weeks after Google moved to purchase ITA Software for $700 million, a deal that is soon to face scrutiny from federal regulators.

Google said it has purchasedMetaweb, whose Freebase open-source database catalogs 12 million movies, books, TV shows, celebrities, locations and companies, among other data sets.
Freebase maps the relationship of real-world entities, or people, places and objects, to deliver relevant answers. Metaweb provides widgets and custom integrations of this semantic search technology for content providers.
Metaweb, according to this demo, uses existing relational context to suss out users’ intend in their searches where several different words may be used to query against one entity.
Google intends to use Freebase to help quickly bring Web searchers accurate answers to questions that are tough for a computer to answer.
Specifically, Google will use the Freebase assets to improve existing search tools such as rich snippets and searches for factual answers.
Google Director of Product Management Jack Menzel explained in a blog postthat while users can currently find answers such as President Barack Obama’s birthday or specific events happening in a city, there are additional layers of search and fact finding Google’s existing technology could not serve.
“We can offer this kind of experience because we understand facts about real people and real events out in the world. But what about [colleges on the west coast with tuition under $30,000] or [actors over 40 who have won at least one Oscar]? These are hard questions, and we’ve acquired Metaweb because we believe working together we’ll be able to provide better answers.”
The buy also comes nearly two years after Microsoft acquired Powerset to help its Bing search engine bridge the semantic Web.
Powerset provided search results from a multitude of articles from Wikipedia and, ironically enough, the Freebase database Google now owns.
In that vein, it is fair to question whether Google will tinker with Microsoft Bing’s existing use of Freebase. Menzel said Google and Metaweb plan to maintain Freebase as a free and open database and want other Web companies to use and contribute to the data.
“We believe that by improving Freebase, it will be a tremendous resource to make the Web richer for everyone,” Menzel explained. “And to the extent the Web becomes a better place, this is good for webmasters and good for users.”
Translation: Neither Bing nor anyone else threatens our search empire.
However, Freebase said in a blog post it is not taking on new content partners as it seeks to help Google “link content with entities.”
The buy comes two weeks after Google moved to purchase ITA Software for $700 million, a deal that is soon to face scrutiny from federal regulators.

Source: eWeek

Aon to buy Hewitt in $4.9 Billion Deal

The company, which will sponsor Manchester United from this season, will pay $50 per Hewitt share – a 41pc premiumon the group’s closing price of $35.40 in New York on Friday.

Mr Fradin said: “We are extremely excited to join forces with another global brand to form the leading human capital services enterprise. Aon and Hewitt share a relentless commitment to our clients and to the associates who serve them.”

The deal is expected to generate $355m in annual cost savings by 2013, through reducing back-office operations and overlapping management duties.

The acquisition is the latest in a wave of consolidations in the advisory and consultancy sector after similar deals between Towers Perrin and Watson Wyatt and JLT and HSBC Actuaries and Consultants. It is also the second large deal Aon has completed in recent years following the acquisition of reinsurance broker Benfield for £935m in 2008.

Greg Case, Aon chief executive, said: “As we continue to grow our business, this merger will give us a broader portfolio of innovative products and services focused on what we believe are two of the most important topics in the global economy today – risk and people.”

Source: Reuters