World news releases

Navent launches ‘Tinder-like’ jobs app for IT professionals

It’s been a while since we reported that Navent, a leading real estate and jobs classifieds operating in 10 Latin American countries, was about to launch an app for IT experts. Just a few weeks after the project was announced as a top secret initiative, the company funded by Riverwood Capital and Tiger Global finally released a final version of the app. It’s called Ubit Propuestas...

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OLX names Latin America CEO

Naspers’ OLX, which have joined forces with Schibsted in several emerging markets, has named Leonardo Rubinstein as the company’s CEO for Latin America. The executive is based at OLX’s headquarters in Buenos Aires, Argentina, and will lead the OLX team for the markets of Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Panamá, Perú, Uruguay and...

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Microsoft & AOL unite against Google

Google will be the target of a union of AOL and Microsoft, who have inked a 10-year deal to replace Google as the search engine with Microsoft’s Bing, according to Advertising Age. The deal targets Google’s search leadership, and AOL will handle display, mobile and video ad sales for all of Microsoft’s holdings, such as MSN, Xbox and Outlook. The alliance includes nine global...

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Angies List names temp CEO

J. Mark Howell, Angies List’s COO, has been named Interim CEO after the April 15 resignation of co-founder Bill Oesterle, according to Business Wire.  Howell will remain in the position until Oesterle’s replacement can be named. The services marketplace and source of consumer reviews facilitates home services transactions for 3 million nationwide in 720 categories from health care to...

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Tiger Global invests $150 million in Souq.com

Souq.com raised $150 million U.S. from U.S.-based investor Tiger Global Management, bringing the total invested in Souq.com by Tiger Global Management to $300 million U.S.. This investment is the largest made by any online business in the region, and is earmarked to support the ecommerce plans of the site, and for development and expansion. In March last year the website raised about $75 million...

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Avito COO warns Russian consumers about card safety

Following complaints of fraudulent activity,  Christoffer Norman, chief operating officer (COO) of Avito.ru, Russia’s largest online general classifieds platform (and one of the largest in the world), reminded local consumers never to share their card details with other users. The comments of Norman came in the wake of public complaints from the city of Engelsk, where two Avito consumers...

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