Saturday 13 May 2017

News Digest: This is how much Snapdeal founders may get post the company's sale to Flipkart

THE TIMES OF INDIA
Sunday, May 14, 2017
Today's Headlines

This is how much Snapdeal founders may get post the company's sale to Flipkart
Founders Kunal Bahl and Rohit Bansal will relinquish control of online marketplace Snapdeal to market leader Flipkart as early investors in the Delhi-based company give their consent to the sale, according to four people aware of the deal.

Paytm-rival Mobikwik shifting focus
Zaakpay, the MobiKwik-promoted payment gateway aggregator, is being hived off as a wholly-owned subsidiary of One MobiKwik Systems, which owns MobiKwik wallet.

Hacker uses stolen US spy agency tool to launch cyberattacks in 100 countries
A global cyber attack on Friday renewed concerns about whether the U.S. National Security Agency and other countries' intelligence services too often hoard software vulnerabilities for offensive purposes, rather than quickly alerting technology companies to such flaws.

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