Tuesday, July 10th, 2018

Starbucks Plans to Phase Out Plastic Straws by 2020
Company News Release

The company announced on Monday that straws will no longer be available in 28,000 stores worldwide by 2020.

The company stated that straws will be replaced with teardrop-shaped lid openings about the size of a thumbprint.

The lids will initially roll out to stores located in Seattle and Vancouver, BC.

Dine Brands International Expands to South America
Company Press Release

The company announced on Monday that it plans to launch the IHOP brand in the region.

It will work with Percapitals S.A.C., a new franchisee, who is expected to open 25 restaurants in Peru over the next ten years. The first restaurant is planned to roll out in 2019.

Dine Brands is a large full-service restaurant company that works with approximately 380 franchisees in 19 countries around the globe under the Applebee’s and IHOP brands.

Booking Holdings Acquires a Hotel Search Site
Company Press Release

The company announced on Monday that it has entered into an agreement to acquire HotelsCombined, an Australian-based hotel booking site that specializes in the Asia Pacific Region.

Booking Holdings owns brands such as Booking.com, OpenTable, and Priceline.com

HotelsCombined will report into the company’s Kayak.com brand. Terms of the deal were not disclosed.

Electronic Arts Acquire a Game Developer
Company Press Release

The company announced on Monday that it’s acquiring Industrial Toys, a California-based company that specializes in game development.

The 14-person studio will be joining EA’s Worldwide Studios team. The acquisition closed this month.

Terms of the agreement were not disclosed.

Limebike, an Electric Scooter Company, Announces that its Raising $335 Million
Company Blog Post

The company announced on Monday that the new round was led by Google Ventures, with participation from other investors including Fidelity, Andreessen Horowitz, and Uber.

The company has stated that Uber will also work with Limebike as a strategic partner. Uber’s involvement with Limebike comes a week after Lyft, announced that its expanding to other modes of transportation with its acquisition of Motivate, a US-based bike sharing network.

The new funds will help Limebike expand globally, invest in new technology, and build new infrastructure.

Limebike, a California-based company, was founded in 2017 and operates in 70 markets across the United States and Europe.