- Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube inked an agreement to acquire India’s simsim.
- The financial terms of the transaction remain undisclosed.
- simsim helps small businesses in India transition to e-commerce by using the power of video and creators. Creators post video reviews about products from local businesses, and viewers can buy those products directly through the app.
- The startup had a valuation of over $70 million, TechCrunch reported.
- Alphabet held $135.1 billion in cash and equivalents as of Mar. 31.
- Price action: GOOG shares closed lower by 1.97% at $2,585.08 on Monday.
Pepsi Wants You To Put Orange Juice On Your Cereal
One of the biggest breakfast debates of all-time is whether you put your milk in the bowl before or after adding cereal. Beverage brand Tropicana might have a way to one-up that debate.
