tech:

taffy

Just-Eat Completes Acquisition of Urbanite

London-based Just-Eat has completed its acquisition  of Urbanbite, a London online food delivery provider. The deal, which sees Just-Eat take a 100 per cent stake in Urbanbite, will have its former British Airways IT expert founder Ben Carmona remain with the company in a leadership role. Urbanbite, founded in 2000, operates a corporate account scheme whereby employees of major organisations can order dinner online at the company’s expense. 60 per cent of Urbanbite’s 15,000 orders a month come from corporate customers.

The Urbanbite deal is the third acquisition Just-Eat have made in 2011, following a move into Brazil with RestauranteWeb and the purchase of Hungry Zone in India earlier in the year. The company received  a $48 million round of VC funding in March from Greylock, Redpoint, and Index Ventures in March this year.

Just Eat offers online ordering of takeaway food. It currently boasts of tieups with some 15,000 takeaways in 13 countries. The company is based in London, and was founded in 2001 by a group of friends.

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.