Acquisitions | Page 2

Mohamed Alabbar, founder of Alabbar Enterprises, and Chairman, Emaar Properties, has led two investor groups that acquired a combined 16.45% stake in logistics major Aramex, says a Bloomberg news report.

The deal brings three reputed hospitality brands -Fairmont, Raffles and Swissotel- into Accor's network.

In March this year, Q&A website Quora announced its acquisition of the startup, with Parlio's founding team and operations joining Quora too.

Reserveout was launched to shift restaurant and consumer behavior when it came to restaurant operations and reservations, and enable a more transparent and easy experience for anyone who wants to discover, view or make a reservation with restaurants in the Middle East.

This acquisition comes close on the heels of its purchase of Kuwait's Talabat.com for over US$700 million.

In a move to possibly tap a revenue stream for Vine, Twitter buys social marketing startup Niche.