Tag Archives: acquisition

(Bloomberg) — Shopify Inc. dropped as much as 16% after it missed analysts’ estimates for revenue and profit and announced the largest acquisition in its history, a $2.1 billion deal for delivery startup Deliverr. Most Read from Bloomberg The Canadian e-commerce software firm earned 20 cents per share on an adjusted basis in the first quarter, short of analyst calls for 64 cents. Revenue rose 22% to $1.2 billion from a year earlier, but couldn’t match analyst expectations of $1.25… Source link

PROVIDENCE, R.I., April 18, 2022–(BUSINESS WIRE)–Textron Inc. (NYSE: TXT) today announced that it has closed its acquisition of PIPISTREL d.o.o., PIPISTREL VERTICAL SOLUTIONS d.o.o. and PIPISTREL ITALIA S.R.L., known collectively as Pipistrel, an award-winning pioneer and global leader in electrically powered aircraft. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220415005136/en/ Pipistrel, which developed the world’s first and… Source link

Shares of cybersecurity firm Mandiant closed up 16% Monday after The Information reported Google is interested in acquiring the company. Mandiant, which has a market cap around $5.25 billion, was previously under the FireEye umbrella before that brand was sold. FireEye was credited with helping Microsoft discover the SolarWinds hack that attacked government systems last year. The Information said Google is interested in acquiring Mandiant to boost its cloud security in an effort to better… Source link

The LinkedIn posts of departing Peloton employees (and those people in the industry willing to help them) are piling up on Tuesday, one comes from the former CEO of Precor. Peloton spent $420 million to buy commercial fitness giant Precor in December 2020 as it sought to build out production capacity to support its then views of strong future demand. It stands as the company’s largest acquisition in its history. The acquisition gave Peloton 625,000 square feet of U.S. manufacturing capacity… Source link

(Bloomberg) — Nvidia Corp. is abandoning its purchase of Arm Ltd. from SoftBank Group Corp., according to people familiar with the situation, bowing to regulatory opposition and ending what would have been the chip industry’s largest deal. Most Read from Bloomberg SoftBank now plans to proceed with an initial public offering of Arm, in lieu of the deal, according to the people, who asked not to be identified because the move isn’t yet public. The IPO is expected to happen in the fiscal… Source link

In the new war for gaming assets that has descended on the tech industry in part due to splashy deals by Microsoft and Take-Two Interactive this year, the ball is now squarely in the court of Meta (aka Facebook) to make a move to support its metaverse ambitions.  “Facebook I think has a strong on-ramp with the Oculus with the metaverse. The challenge — and this is due diligence from my kids — they need for games and more content. I wouldn’t be surprised if Facebook went on to do some… Source link

Russian tech giant Yandex is expanding its mobility footprint in Israel with the acquisition of shared e-scooter company Wind’s Israeli operations. The two are not sharing the terms of the deal, but Israeli financial newspaper Globes reported that it is estimated to have cost $40 million to $50 million. Wind is one of the top e-scooter sharing operators in Israel, alongside competitors like Lime, Leo and Bird. Yandex has already been operating its Yango mobility… Source link

The former Verizon Digital Media Services unit, including its serverless and Content Delivery Network (CDN) services, has rebranded as Edgecast as Apollo Global completes its acquisition of Yahoo!/Verizon Media. Edgecast offers Edge Computing, CDN, and streaming delivery services, as well as a Functions-as-a-Service (FaaS, also known as serverless computing) offering called [email protected] Verizon acquired Yahoo! In 2017 and merged it with its Verizon Digital Media Services business… Source link

Yahoo and AOL, formerly known as Verizon Media, have officially been acquired by their new owners and renamed as simply “Yahoo.” Verizon announced it was selling the properties to Apollo Global Management in May in a deal said to be worth $5 billion, around half of the nearly $9 billion the telecom giant originally paid for them, and a fraction of the hundreds of billions the two companies were worth at their peaks. Verizon originally purchased AOL in 2015 for $4.4 billion, and… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The… Source link