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...In December it closed its acquisition of Berlin-based rival Gorillas in a $1.2bn deal that valued the combined group at $10bn....
...As start-up funding dried up in late summer, Gorillas’ heavy losses forced it to seek a buyer....
...Getir’s acquisition of Gorillas in December brought together two of the most prominent start-ups to expand across Europe over the past two years....
...Getir, the Istanbul-based online grocery start-up, acquired its German rival Gorillas last year, while several smaller companies have either significantly scaled back operations or gone out of business entirely...
...German rival Gorillas consumed almost all of the $1.3bn it had raised before being acquired by Turkey’s Getir in early December....
...London-based Proxymity, which offers shareholder voting services and launched in the US late last month, said they are up against an “800lb gorilla in the room” in taking on Broadridge....
...It has survived the bonfire of superfast delivery services like Jokr and Gorillas and it is still adding users....
...Further reading:— Gimmicky Gorillas (FTAV)...
...They may be leapfrogged by the incorporation of the technology into other devices, as satnav makers were. The 800lb gorillas are already moving in....
...“We are trying to compete with the Americans with a 400-pound gorilla on our back,” says one senior figure at the bank....
...Two of Gorillas’ co-founders left the company this year....
...“They started off as this 800lb gorilla, but now they’re facing stiff competition,” said Jim Angel, professor at Georgetown University....
...It will compete with the new breed of grocery delivery start-ups including Getir, Gorillas and Zapp, which have proliferated across the UK this year after raising hundreds of millions of dollars in venture...
...Joseph LeahyThe Yellen visit comes just after China has imposed restrictions on two metals that are used in advanced technologies....
...Tencent, one of China’s largest companies and a prolific investor in home delivery services, has also backed the German food delivery company Gorillas and is a major shareholder in the Chinese delivery app...
...Others cutting their banks’ fees include blank cheque company Global Spac Partners, which agreed to merge with Gorilla Technology, a Taiwanese video software company....
...In the delicate UK retail ecosystem, the mere mention of a certain 800lb gorilla can cause a stampede....
...Ousted president Ali Bongo was a committed environmentalist, keen to protect gorillas and elephants that inhabit Gabon’s forests, which cover some 90 per cent of the country....
...Getir and Gorillas declined to comment on the talks, which were first reported by Bloomberg....
...Gorillas declined to comment....
...Think grocery delivery companies like Gorillas. A key part of the Gorillas gimmick — what first lured customers — was the German start-up’s 10 minute labour-saving guarantee....
...Nadella acknowledged that Google would introduce its own AI-powered search products, calling it the “800-pound gorilla” and that users would have to decide which product they preferred....
...Too big to ignore No equity investor can ignore the US stock market: it’s the 800-pound gorilla of shares....
...(Sample FHM gag: “What do you get when you cross [a named female celebrity] with a gorilla? Don’t know. There’s only so much you can force a gorilla to do.”)...
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