Grant Thornton LLP has sold its public sector advisory practice to Guidehouse, a consultancy firm owned by private equity fund Veritas as part of its effort to boost its capital and streamline its offerings, the firms said in a joint statement. The […]
About a year ago, we wrote about NetEase after the Chinese tech giant spun off its music streaming business Cloud Village in a $500 million initial public offering (IPO) on the Hong Kong stock exchange. Almost a year later, NetEase is now […]
Early this month, we wrote about Thoma Bravo after the private equity firm acquired Ping Identity for $2.8 billion in an all-cash buyout deal. Now Thoma Bravo is selling one of the companies in its portfolio. Today, Sarasota, Florida-based Roper Technologies announced it would […]
Sony Group Corp announced on Monday it will acquire Helsinki, Finland-based mobile games tech startup Savage Game Studios as part of a major push to expand beyond console gaming. The total amount of the transaction was not disclosed. As part of […]
Indonesia’s biggest tech company GoTo Gojek Tokopedia has acquired a local crypto exchange startup PT Kripto Maksima Koin for 124.84 billion rupiahs ($8.38 million) to expand into the cryptocurrency space, the company said in a filing with the stock exchange regulator on Monday. […]
In the past two years, China began to crack down on tech companies, wiping billions of dollars of value from its most prominent companies including Alibaba. Then in May, the Chinese government showed signs of easing its crackdown on the country’s tech […]
TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end private hospital chain called Amcare Healthcare in a deal worth $1.5 billion, according to a report from Bloomberg. A spokesperson for Xiaohe Health also confirmed the acquisition. The announcement is […]
Mobile marketing company AppLovin on Tuesday announced it has made an offer to buy gaming giant Unity Software in a $17.54 billion all-stock deal. As part of the deal, AppLovin will offer $58.85 for each Unity share, the companies said. The announcement […]
Axios, an American news website founded in 2016 by former Politico journalists Jim VandeHei, has been acquired by Cox Enterprises for $525 million, Axios reported on its website. The acquisition will enable Cox Enterprises to expand its digital news site’s coverage to include […]
With billions of dollars from the covid vaccine windfall, pharmaceutical giant Pfizer is reportedly in late-stage negotiations to buy the drug maker Global Blood Therapeutics (GBT) for $5 billion, The Wall Street Journal reported Friday. The acquisition is part of Pfizer’s effort […]
Amazon announced today it has acquired the maker of Roomba robot vacuum cleaner iRobot Corp for $1.7 billion in an all-cash deal, as part of the latest push to grow its connected device cart products and add to its cart of smart […]
CRM&BONUS, a Softbank-backed Brazilian giftback platform, announced today it has acquired social media sales startup Zipper for 25 million reais ($4.7 million) in cash and part in shares. “This acquisition allows us to increase offers to retailers to help them raise […]
BorgWarner, a 130-year-old auto-parts maker, announced today it has acquired Rhombus Energy Solutions to complement its existing European charging footprint to accelerate organic growth. BorgWarner said the enterprise value of the deal can go up to $185 million, which is being funded primarily with […]
Private equity giant Thoma Bravo continues with its acquisition spree. Ping Identity announced today that Thoma Bravo is buying the Enterprise identity management company and would take it private, in an all-cash buyout deal valued at $2.4 billion. As part of the […]
Electric heavy truck maker Nikola Motors announced on Monday it has agreed to buy energy storage technology company Romeo Power for $144 million as part of its effort to secure control of critical battery pack engineering and production process, giving the Tesla rival control […]
Global Payments, an Atlanta-based provider of payment technology and software solutions, announced it has reached an agreement to acquire a smaller rival EVO Payments in a deal valued at nearly $4 billion including debt. The announcement comes just a year after Global […]
Crypto exchange FTX continues its acquisition spree this week after a new report that Sam Bankman-Fried’s company is in talks to buy South Korean cryptocurrency exchange Bithumb. If the negotiation goes through, FTX will gain more foothold in Asia and in especially in […]
Last month, crypto exchange FTX bought the now defunct crypto lender BlockFi for $25 million, a 99% discount from its $4.8 billion valuation in July 2021. The acquisition took place a few weeks after BlockFi found itself in deep financial trouble following reports […]
UK-based UK space startup OneWeb and rival French satellite company Eutelsat are in talks over a possible merger to create one joint communications entity. The combined company would create multi-orbit satellites that will potentially expand OneWeb’s constellation big enough to challenge the likes […]
Two years ago, retail giant Amazon entered the pharmacy business with the launch of Amazon Pharmacy to enable customers to order prescriptions online. Now, the retail giant is making inroads into the $3 trillion healthcare industry. Today, Amazon said it will […]
