November 29, 2024
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Apple is reportedly acquiring German AI startup Brighter AI to bolster privacy features in Vision Pro
Daniel Levi Posted On February 5, 2024


Apple is reported acquiring AI startup Brighter AI in a move to bolster privacy features within its products, starting with Apple Vision Pro, Apple news platform 9to5Mac reported, citing an unnamed source. Brighter AI declined to comment on the story, […]


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Everbridge to go private in a $1.5 billion buyout deal with PE firm Thoma Bravo
Nickie Louise Posted On February 5, 2024


Everbridge announced on Monday it would be acquired by U.S. private equity firm Thoma Bravo in a cash deal valued at approximately $1.5 billion, making it Thoma Bravo’s second major acquisition within the past six months. As part of the […]


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Food delivery startup Delivery Hero sells stake in rival Deliveroo, but pays the price in market value
Nickie Louise Posted On January 30, 2024


German food delivery giant Delivery Hero on Monday ditched rival Deliveroo but now paying the price in market value. Shares of Delivery Hero took a nosedive to an all-time low on Tuesday following its decision to offload its minority stake […]


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Green Exit: Buyout giant KKR, Taeyoung to sell South Korea’s JV Ecorbit in over $2 billion deal
Nickie Louise Posted On January 30, 2024


KKR & Co, a global buyout firm, and South Korea’s Taeyoung Group are planning to sell their joint venture Ecorbit in a deal that may value the environmental company at over $2 billion, Reuters reported, citing two individuals familiar with […]


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Amazon walks away from $1.7 billion deal to buy Roomba maker iRobot
Nickie Louise Posted On January 29, 2024


Amazon and Roomba-maker iRobot have called off their $1.4 billion deal due to uncertainties surrounding regulatory approval, the two companies announced on Monday. Amazon withdrew from the agreement after iRobot said that the deal has “no path to regulatory approval […]


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France’s FDJ offers to buy Swedish online gaming firm Kindred in $2.8 billion takeover bid
Daniel Levi Posted On January 22, 2024


French gaming company La Francaise des Jeux SA (FDJ) launched a takeover bid on Monday to buy the Swedish online gaming company Kindred Group. The deal is set to create a major player in the gambling industry, positioning FTD as […]


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Uber shuts down Drizly, an alcohol delivery startup it bought 3 years ago for $1.1 billion
Nickie Louise Posted On January 17, 2024


Uber is finally moving away from the alcohol delivery business, concluding its billion-dollar experiment with Drizly. The ride-hailing giant announced its decision to close down the Drizly platform by March, according to an exclusive report from Axios. Having acquired Drizly […]


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Synopsys acquires Ansys for $35 billion, marking the emergence of new engineering software powerhouse
Nickie Louise Posted On January 16, 2024


Chip design software company Synopsys announced on Tuesday that it plans to acquire Ansys in a $35 billion cash-and-stock deal, marking a significant development in the engineering software industry. This move follows Synopsys co-founder Aart de Geus handing over the […]


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The unexpected lessons of selling a startup: Modelbit founder shares lessons on why relationships matter more than money
Daniel Levi Posted On January 15, 2024


Harry Glaser is the CEO and co-founder of Modelbit, a San Francisco-based startup dedicated to simplifying the deployment and management of models in production for data scientists. Co-founded with his friend and CTO Tom O’Neill in 2021, Modelbit empowers data […]


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Meetup acquired by Milan-based startup Bending Spoons
Daniel Levi Posted On January 11, 2024


Meetup, the popular NYC-based social event platform that connects people through local groups and activities, has officially been acquired by Milan, Spain-based mobile app developer Bending Spoons. The details of the deal are under wraps, but Bending Spoons announced the […]


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DeFi Technologies acquires Reflexivity Research, a crypto research firm co-founded by Anthony Pompliano and Will Clemente
Nickie Louise Posted On January 9, 2024


DeFi Technologies, a Canadian publicly traded company, has acquired private research firm Reflexivity Research in a 100% stock deal. In an announcement on Tuesday, DeFi Technologies said that it has entered into a binding letter of intent (LOI) for the […]


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Ant Group plans to buy Dutch payments startup MultiSafepay in a deal valued at $200 million
Daniel Levi Posted On January 8, 2024


Ant Group is close to sealing a deal to acquire MultiSafepay, a Dutch payments company, for about $200 million, Reuters reported, citing people familiar with the matter. The move is part of their ongoing drive into Western payment markets, as […]


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Macquarie consortium to buy Swedish software company Byggfakta Group in a $1 billion buyout deal
Nickie Louise Posted On January 5, 2024


Byggfakta Group Nordic HoldCo AB, a Swedish software and information company within the construction industry, has received a substantial all-cash buyout offer totaling approximately $1 billion from a consortium, which includes Macquarie Capital. In an announcement on Friday, Byggfakta Group […]


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Adobe and Figma terminate $20 billion merger deal
Nickie Louise Posted On December 18, 2023


Adobe and Figma announced on Monday they have decided to cancel their planned $20 billion merger due to regulatory obstacles. The companies stated that they see no clear path to obtaining the necessary regulatory approvals from the European Commission and […]


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IBM to acquire Software AG’s Integration Business for $2.3 billion to boost its hybrid cloud and AI offerings 
Nickie Louise Posted On December 18, 2023


IBM announced on Monday it would acquire Software AG’s enterprise integration platforms, StreamSets and webMethods, for €2.13 billion ($2.33 billion). This strategic move is aimed at strengthening IBM’s presence in the hybrid cloud and artificial intelligence (AI) markets. StreamSets and […]


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TikTok to buy $1.5 billion majority stake in Indonesia’s biggest e-commerce platform Tokopedia
Nickie Louise Posted On December 11, 2023


TikTok is gearing up for a comeback in the Indonesian e-commerce scene with a $1.5 billion investment in Indonesia’s biggest e-commerce platform Tokopedia. TikTok, owned by China’s ByteDance, announced on Monday that it will spend $840 million to acquire a […]


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SoftBank acquires a majority stake in connected-vehicle startup Cubic Telecom with $514 million investment
Nickie Louise Posted On December 5, 2023


SoftBank Corp is investing a massive $514 million (approx. 473 million euros) in Dublin-based connected-vehicle technology startup Cubic Telecom in exchange for a 51% equity stake in the company. The deal will enable the two companies to gain greater access […]


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Indian EdTech startup Doubtnut sold for $10M after rejecting $150M offer from Byju’s
Nickie Louise Posted On December 4, 2023


Doubtnut, an Indian EdTech startup that provides a mobile app to help students with solving math and science problems, has been acquired by Allen Career Institute for an undisclosed amount. This marks a stunning reversal of fortune for the once […]


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UK regulator halts Adobe’s $20 billion acquisition of online design startup Figma
Nickie Louise Posted On November 28, 2023


In September 2022, Adobe made headlines with its $20 billion agreement to acquire the online design startup Figma. However, more than a year later, the deal is facing uncertainty due to a significant setback triggered by concerns raised by the […]


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Chinese-owned Nexperia finally acquires Dutch chip startup Nowi after greenlight from Netherlands regulators
Nickie Louise Posted On November 27, 2023


Dutch regulators have given the green light to the acquisition of chip startup Nowi by the Chinese-owned company Nexperia. The Netherlands government announced on Monday that, following an assessment, it will not obstruct the acquisition of Delft-based startup Nowi by […]


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