M&A activity has really picked up its pace in the past month, with several mega deals being completed. However, don’t expect to see many major banks engaging in mergers and acquisitions because they’re still calculating the cost of the COVID-19 pandemic to look at potential deals anytime soon. The major [...]
Customer communications platform provider Twilio recently acquired CDP (Customer Data Platform) provider Segment.Twilio said that it will acquire Segment for an estimated $3.2 billion in Twilio Class A stock on a fully diluted and cash free, debt free basis. Segment will become a division of Twilio when the transaction closes [...]
Luxury brand Gucci announced a partnership with online consignment shop The RealReal to address the demand for secondhand luxury products. The partnership involves The RealReal adding a designated portal on its website for products supplied by Gucci itself, in addition to Gucci products consigned by The RealReal’s customers. The move [...]
Bumble, the popular dating app founded and led by CEO Whitney Wolfe Herd, is eyeing an IPO. The company anticipates a valuation between $6 to $8 billion in 2021. The company will become the latest technology startup seeking to enter the IPO frenzy in the second half of 2020. It [...]
Neuralink, Elon Musk’s neurotechnology company, announced plans to expand to Austin, Texas and has been garnering significant media attention lately. Founded in 2016, it is yet another of Musk’s visionary companies generating hype. Neuralink seeks to implant chips in human brains to create brain-chip interfaces with digital devices. The wireless [...]
Venmo, the mobile payment app popular among millennials, launched its first credit card at the beginning of October. The initial launch will make the credit card available only to select existing users. Availability will expand to a broader user base in the coming months. The company hopes that directly integrating [...]
Deutsche Bank reported losses of $1.6 billion in the last three months of 2019. It cut staff but paid severances and wrote down the value of some assets. COVID-10 hasn’t made 2020 any better. CEO Christian Sewing recently said that he won’t rule out a takeover as early as 2021 [...]
Observers have seen a significant economic shift from the status quo across all industries. Of course, this is due to the impact of the COVID-19 pandemic. One of those industries many have not considered is the waste industry. The drastic countrywide shutdowns have kept employees at home. As a result, [...]
Snowflake, the cloud-based analytic data warehousing startup, became the biggest software IPO in history. Its shares debuted on the New York Stock Exchange (NYSE) on Wednesday, September 16th. It also set a record for becoming the largest company to ever double its share price in a market debut. Backed by [...]
There were only 20 acquisitions and mergers among law firms during the third quarter nationwide, according to a report released by Altman Weil MergerLine.Q3 has Most Quarterly Transactions of 2020The three-month period that ended September 31st saw the most quarterly transactions among law firms so far this year. There were [...]
The shipping industry usually sails along quietly in the world of mergers and acquisitions is making some waves as of late. The shipping industry—not a very active participant in MA—is acting more acquisitive in recent months. Pandemic Effects on Shipping Industry The COVID-19 pandemic has had a significant effect on [...]
Berkeley Research Group (BRG) has released a study, Hospital Mergers and Acquisitions-Studying Successful Outcomes, in which BRG identified 127 hospital leaders involved with transactions in the past five years. At the time of the deals, each of these executives was in a C-suite role, clinical leadership, or serving as a [...]
Opendoor is the online consumer real estate market startup that is revolutionizing the online consumer real estate market. Privately held, the eompany announced in mid-September that it plans to go public via a special purpose acquisition company (SPAC). SPACs are also commonly known as blank-check companies. They are public entities [...]
Devon Energy Corp. has agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, according to multiple sources. In a press release, WPX Energy terms the deal “a merger of equals” and said it creates "a leading unconventional oil producer in the U.S.” The merger will create one [...]
Ant Group Co., the Chinese fintech giant controlled by Jack Ma, is planning a record-setting IPO. The markets anticipate that Ant’s IPO will exceed the record set by Saudi Aramco’s $29 billion IPO. Onlooker estimate that the dual listing will raise about $35 billion, which would make it the [...]
While the rest of the world has felt the negative effects of COVID-19, China biotechnology M&A transactions have nearly doubled this year. The main reason for this explosion is investors’ interest in capitalizing on the development of a cure for the coronavirus disease. From January to June of this year, [...]
Tesla announced recently that it has secured its own lithium mining rights in Nevada after scrapping a plan to buy a company in the southwestern part of the state. The automaker has been having discussions in recent months with Cypress Development Corporation, looking to extract lithium from clay deposits in [...]
Warby Parker, the popular direct-to-consumer prescription eyewear retailer, raised $245 million in fresh funding in recent months. The new funding is a combination of two previously undisclosed rounds. Durable Capital Partners led a $125 million Series F round in the second quarter of 2020. D1 Capital led a $120 million [...]
Online alcohol delivery marketplace Drizly raised $50 million in a Series C fundraising round led by investment firm Avenir. Other participants in the Series C round included Tiger Global Management and Polaris Partners. The closure of many bars and restaurants combined with the cancellation of large social gatherings amid [...]
MURAL, a software startup that makes visual collaboration tools for the workplace, raised $118 million in its Series B in August. This amount is particularly remarkable because its $23 million Series A round took place less than a year ago in January 2020. The Series B round was led [...]
