You can now order alcohol via Uber. Today, Uber announced it is acquiring Boston, MA-based alcohol-delivery service startup Drizly for $1.1 billion in stock and cash. The deal is expected to close within the first half of 2021. Following the completion […]
Twitter announced Tuesday it has acquired Substack-competitor Revue and email newsletter startup, Revue. The acquisition is part of Twitter’s effort to attract users who want to make money from their followers. The terms and the amount of the transaction were […]
China’s Tencent Music Entertainment Group said on Friday it acquired audiobook platform Lazy Audio (“Lanren tingshu”) owned by Shenzhen Lanren Online Technology, for $417 million (2.7 billion yuan). The transaction is expected to close the deal in the first half of 2021. […]
Good morning! It’s been a while since we last featured the top tech news of the day. Back in March 2020, we decided to put a pause on daily briefing and focus more on news that affects everyone around the […]
CentralNic, a London, England company and global registry service provider, today announced it has acquired Canadian-based online brand protection startup SafeBrands for up to $4.4m (€3.6m). According to the transaction agreement, CentralNic will pay €3.0 million upfront and the rest is subject […]
Back in late 2018, IBM acquired open-source cloud company Red Hat in a $40 billion blockbuster deal. Then in October of last year, the 109-year old IBM announced it was splitting into two separate companies to focus on cloud computing. […]
Hootsuite today announced it has acquired a digital customer engagement platform, Sparkcentral, to bring advanced customer care conversations to its platform for a unified customer journey. The total amount of the transaction was not disclosed. Founded in 2011 by Davy Kestens […]
IBM announced Monday that it has acquired Finnish cloud startup Nordcloud as the battle with Amazon Web Services (AWS), Google, and Microsoft heats up. The total amount of the transaction was not disclosed. The tech giant said the acquisition will “turbocharge” its […]
In a bid to speed up production and meet its promised delivery windows, Peloton announced today that it plans to acquire the Woodinville, Washington-based exercise equipment manufacturer Precor for $420 million. The deal is expected to close in early 2021. […]
Lockheed Martin today announced it has entered into a definitive agreement to acquire El Segundo, California-based aerospace company Aerojet Rocketdyne Holdings for $4.6 billion cash. The transaction, which values the Aerojet at $56 per share in cash, is expected to be reduced […]
Reddit, a social media startup co-founded by Alexis Ohanian, has acquired Germany-based TikTok rival Dubsmash. The terms and total amount of the transaction were not disclosed. Now, the all-out war on TikTok is getting hotter as Reddit joins Instagram, Triller, and […]
Electronic Arts (EA) announced today it reached an agreement on Monday to buy U.K. racing game developer Codemasters in a deal worth $1.2 billion, marking the biggest deal in EA’s history. EA outbid rival publisher Take-Two Interactive to snag the highly-coveted startup […]
It’s been three months since we wrote about Next Insurance, an Israeli-founded insurtech startup that provides coverage for small businesses and entrepreneurs. Next Insurance uses artificial intelligence and machine learning technologies to tailor insurance policies for its customers. Today, Next Insurance […]
ControlUp, a Silicon Valley-based SaaS tech startup that helps companies to detect, troubleshoot, and remediate IT related issues in their hybrid cloud deployments, today announced it has acquired Avacee, a cloud-first, scalable platform for managing systems and devices everywhere. The […]
Cisco announced early this morning that it has agreed to buy London-based cloud communications software company IMImobile for 595 pence per share in cash in a deal valued at about $730 million, including debt, according to a report from Reuters. […]
We covered Flexera early this year when the Chicago-based company acquired software usage analytics startup Revulytics to expand its software monetization platform giving organizations more insight into the actual use of their products. Now, the table seems to be turning in the opposite […]
Last week, we wrote about Salesforce after multiple reports that the cloud software vendor was in talks to buy Slack, an enterprise software platform for teams and businesses. Salesforces just announced this evening that it’s buying chat software developer Slack for an enterprise […]
We last covered Kustomer.com back in 2018 when the customer relationship startup raised $26 million in funding to modernize the customer experience. Now, the company has now been gobbled up by Facebook. In an announcement yesterday, Facebook said it plans to acquire […]
Salesforce is in talks to acquire Slack, an enterprise software platform that allows teams and businesses. The deal could be announced as soon as next week, according to news first the Wall Street Journal, citing a person familiar with the matter. If […]
With billions of dollars in war chest, Spotify announced Tuesday that it is buying Washington D.C.-based Megaphone for $235 million. Megaphone offers the technology for podcast publishers and advertisers seeking targeted slots on podcasts. It offers podcast hosting, distribution, and ad-insertion tools […]
