November 13, 2024
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OpenAI acquires AI design studio startup Global Illumination in its first known acquisition
Nickie Louise Posted On August 16, 2023


OpenAI announced on Wednesday it has acquired AI design studio tech startup Global Illumination to work on enhancing its core products including ChatGPT. This marks OpenAI’s first acquisition as a “for-profit,” now valued at $30 billion. The financial details of the […]


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Avid Technology to be acquired by STG for $1.4 billion
Nickie Louise Posted On August 10, 2023


After months of anticipation and speculations about the potential acquisition of Avid Technology, the news we’ve been waiting for has finally arrived. Avid Technology, the renowned creator behind Avid Media Composer editors and Pro Tools used by a million creators […]


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New Relic to go private in a $6.5 billion all-cash deal
Nickie Louise Posted On July 31, 2023


Observability software provider New Relic has reached an agreement led by a consortium led by Francisco Partners and private equity group TPG to go private in a $6.5 billion deal. The news comes at a time of intense competition in […]


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Walmart pays $1.4 billion to buy out Tiger Global’s stake in Indian e-commerce startup Flipkart
Nickie Louise Posted On July 31, 2023


Walmart has paid $1.4 billion to buy out hedge fund Tiger Global’s remaining stake in its Indian e-commerce startup Flipkart. In addition, the retail giant also acquired private equity firm Accel’s remaining 1% stake in the company, according to multiple […]


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Haveli, General Atlantic acquire business software startup Certinia for nearly $1 billion
Nickie Louise Posted On July 26, 2023


While startup funding has slowed down in recent months. Merger and acquisition (M&A) activity continues to trend upward as private equity firms discovered great deals and opportunities. The latest is software vendor Certinia. Today, private equity firms Haveli Investments and […]


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Bain Capital raises its offer to buy Swiss cloud software company SoftwareOne to $3.7 billion
Nickie Louise Posted On July 20, 2023


Last month we wrote about Bain Capital after the private equity firm offered to buy SoftwareOne in a deal that valued the Switzerland-based software and cloud technology solutions company at 2.9 billion Swiss francs ($3.21 billion). Despite the massive offer, […]


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TPG to buy Forcepoint’s government cyber unit in a deal valued at $2.45 billion
Nickie Louise Posted On July 10, 2023


Private equity firm TPG is set to acquire the government cybersecurity business of Forcepoint, a software company owned by Francisco Partners, in a deal worth $2.45 billion, the company said on Monday. While the specific terms of the agreement have […]


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Thermo Fisher Scientific acquires data intelligence company CorEvitas for $912.5 million in cash
Nickie Louise Posted On July 6, 2023


Thermo Fisher Scientific, a global company specializing in medical equipment and analytical instruments, announced Thursday that it is acquiring data intelligence company CorEvitas from Audax Private Equity in a cash transaction worth $912.5 million. The Massachusetts-based CorEvitas provides data and […]


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Biotech startup Tevogen Bio is going public in a $1.2 billion SPAC deal in the US
Nickie Louise Posted On June 29, 2023


While generative AI continues to dominate the headlines, things have been relatively quiet on the blank-check merger front. But that doesn’t mean special purpose acquisition company (SPAC) deals aren’t happening. It’s just that the number of SPAC deals has dwindled […]


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China’s Meituan to buy AI tech startup Light Year from co-founder to make a push into generative AI
Daniel Levi Posted On June 29, 2023


Chinese food delivery giant Meituan announced on Thursday it’s acquiring artificial intelligence (AI) startup Light Year from its co-founder and former director Wang Huiwen, as it aims to develop its own generative AI. The move comes at a time when […]


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Databricks scoops up OpenAI competitor MosaicML for $1.3 billion
Nickie Louise Posted On June 27, 2023


Investors continue to pour billions into generative artificial intelligence (AI) as demand for AI applications shows no sign of slowing down. This unrelenting flow of funds also manifests in the increased merger and acquisition activity. The latest is San Francisco-based Databricks. […]


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IBM to acquire Apptio for $4.6 billion to bolster its cloud and automation capabilities
Nickie Louise Posted On June 26, 2023


IBM announced on Monday it will acquire technology spend-management platform Apptio from Vista Equity Partners in a deal valued at $4.6 billion. The acquisition will strengthen IBM’s IT automation and cloud capabilities while providing enterprises with the means to maximize […]


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Eli Lilly acquires biotech firm Dice Therapeutics for $2.4 billion
Nickie Louise Posted On June 22, 2023


The pharmaceutical industry encompasses more than just weight-loss drugs. Eli Lilly, a prominent drug-making company, announced on Tuesday that it has agreed to acquire Dice Therapeutics, a specialized firm that focuses on developing oral treatments for autoimmune diseases. The deal, […]


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Neptune Retail to buy Coupons.com parent company for $430 million in cash
Nickie Louise Posted On June 20, 2023


Neptune Retail Solutions, a provider of in-store and digital incentive marketing services announced Tuesday it is buying Quotient Technology, the parent company of Coupons.com, in a deal valued at $430 million in cash. The acquisition marks a significant milestone for […]


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Google shuts down its domain registrar business; sells to Squarespace for $180 million about a decade after launch
Daniel Levi Posted On June 15, 2023


Google’s Alphabet is getting out of the domain registrar business almost a decade after the search giant makes its foray into the space. In a surprising announcement today, Alphabet announced today that it is shutting down its Google Domains business, […]


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Wargraphs, a bootstrap gaming startup with only one employee, sells for $54 million
Daniel Levi Posted On June 15, 2023


It’s not something you hear every day, but this bootstrap startup Wargraphs has just achieved an impressive feat by selling for millions of dollars. The London-based one-person startup is the mastermind behind Porofessor, a highly popular companion app designed for […]


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Bain Capital offers to buy Swiss cloud software company SoftwareOne for $3.2 billion
Daniel Levi Posted On June 15, 2023


Private equity firm Bain Capital has made an offer to buy SoftwareOne in a deal that values the Switzerland-based software and cloud technology solutions company at 2.9 billion Swiss francs ($3.21 billion), the company announced Thursday. However, SoftwareOne’s board doesn’t […]


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Vodafone inks a $19 billion merger deal with Hutchison to create UK largest mobile company
Nickie Louise Posted On June 14, 2023


Vodafone and CK Hutchison have finally announced the long-awaited merger of their British mobile operations in a deal valued at 15 billion pounds ($19 billion). This exciting development, revealed on Wednesday, is expected to pave the way for a new dominant […]


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Nasdaq buys fintech software Firm Adenza for $10.5 billion to accelerate growth
Nickie Louise Posted On June 12, 2023


Nasdaq, a prominent player in the financial industry, is buying Adenza in a deal valued at $10.5 billion. Adenza, which is owned by Thoma Bravo, makes software used on Wall Street. The cash-and-stock deal includes a combination of $5.75 billion […]


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Chindata goes private after a $3 billion acquisition deal with PE firm Bain Capital
Nickie Louise Posted On June 7, 2023


Chinese data center operator Chindata Group announced on Wednesday that it has received an offer from investor Bain Capital to take the company private. The proposed deal values the company at nearly $2.93 billion. Following this news, Chindata’s shares, which have […]


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