Technology startups are currently facing challenging times due to the ongoing global economic slowdown, rising interest rates, and geopolitical risks. These headwinds have created a difficult environment for the growth and sustainability of tech startups. Furthermore, the first quarter of […]
Industrial 3D printer manufacturer Stratasys Ltd announced on Thursday that it plans to merge with fellow industry player Desktop Metal Inc in an all-stock transaction valued at around $1.8 billion. The merger news follows Stratasys’ rejection of several acquisition proposals […]
Facebook’s parent company Meta has sold Giphy to Shutterstock as part of the company’s effort to comply with a UK regulator’s order, Reuters reported. In an announcement on Tuesday, Shutterstock said it has reached an agreement to buy the popular […]
Ripple, a crypto startup best known for its cryptocurrency XRP, has acquired Switzerland-based crypto custody startup Metaco in a deal valued at $250 million, making it the company’s first major acquisition. In an announcement on Tuesday, Ripple said that the […]
Australia’s Aristocrat Leisure announced on Monday it has agreed to acquire Israel-based online interactive lottery solutions provider NeoGames SA in a deal valued at around $1 billion, Reuters reported. The Sydney, Australia-based Aristocrat said the acquisition of NeoGames will provide […]
Crosspoint Capital has reached an agreement to acquire Vancouver, Canada-based-based Canadian cybersecurity firm Absolute Software in a deal valued at $657 million. In an announcement on Thursday, Absolute Software said that it had accepted a private acquisition offer from Crosspoint […]
Qualcomm announced on Monday it would buy Israeli auto-chip maker startup Autotalks. While the financial terms of the deal were not disclosed, Qualcomm reportedly paid approximately $350-400 million for the company. The announcement comes two years after Qualcomm partnered with […]
San Francisco-based Databricks announced today that it has acquired Okera, the world’s first AI-centric data governance platform. The two companies did not disclose the terms of the acquisition. A spokesperson for Databricks said the completion of the acquisition is “imminent.” Databricks […]
Turkish delivery app startup Getir is in talks to take over money-losing German rival Flink, the Financial Times reported on Monday. The move comes as consolidation continues to gain momentum in one of Europe’s food delivery sector most thriving sectors […]
TAWAL, an infrastructure provider that emerged from Saudi Telecom Company (STC) in 2018, has agreed to acquire tower infrastructure valued at 1.22 billion euros ($1.34 billion) from United Group in its initial venture into Europe’s telecommunications market, the southeast European […]
Japanese gaming giant Sega announced Monday it planned to acquire the maker of the Angry Birds puzzle game, Finland’s Rovio Entertainment Oyj, for 706 million euros ($776 million) to bolster its mobile gaming business. The announcement comes three months after […]
Digital media conglomerate Starboard announced on Friday it has acquired the free-speech social app Parler for an undisclosed amount. The firm also said that it will temporarily shut down the social media app popular among conservatives in the United States […]
Savvy Games Group has agreed to acquire mobile game publisher and developer Scopely for $4.9 billion. the companies announced on Wednesday. Scopely was founded in 2011 and the company is known for several popular mobile games including Star Trek Fleet […]
Good evening! Below are some of the top tech startup news stories for Tuesday, April 4, 2023. Sepura Home closes $3.7 million in seed funding to make your kitchen sink a composter Say goodbye to garbage disposals. Sepura Home, the […]
SYS Labs, a blockchain company building the foundational layers for the true Web3 ecosystem, has acquired cryptosecurity startup FortKnoxster. The terms of the deal were not disclosed. SYS Labs, best known for building scalable Web3 infrastructure, dApps, and other tools […]
Actor Ryan Reynolds has achieved yet another major success with the sale of his budget wireless provider Mint Mobile to T-Mobile US Inc. for over a billion dollars. On Tuesday, T-Mobile announced that it has entered into a definitive agreement […]
Abu Dhabi-based artificial intelligence company G42 has acquired a $100 million-plus stake in Tiktok-parent ByteDance, valuing the company at $220 billion, Bloomberg News reported on Tuesday, citing people familiar with the matter. Founded in 2018, G42 specializes in artificial intelligence […]
Pfizer has acquired Seattle-based cancer treatment biotech firm Seagen for $43 billion. In an announcement on Monday, Pfizer CEO Albert Bourla said the acquisition will enable the pharmaceutical giant to deliver Seagen’s cancer therapy to the world “at a scale […]
Last week we wrote about Qualtrics after the survey software company received a $12.4 billion buyout offer from Silver Lake and Canada’s CPPIB. Today, Silver Lake and CPP Investments announced it plans to acquire Qualtrics for $12.5 billion, making it […]
In January, we wrote about Qualtrics after the company’s owner SAP announced it was laying off 3,000 employees, or about 2.5% of its workforce. At the time, the German enterprise software giant also said it was exploring the sale of […]
