In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…
SAP-owned Qualtrics International Inc, a seller of surveying software has filed for a U.S. initial public offering of up to $100 million. Tech stocks have largely outperformed the broader market this year. SAP had acquired Qualtrics two years ago for $8 billion. According to a regulatory filing the IPO will have two classes of common…
In a statement social network firm Reddit said, it would acquire TikTok rival short-video platform Dubsmash. Although Reddit did not disclose the financial terms of the deal its spokeswoman said the acquisition was based on a combination of cash and stock. TikTok’s proliferance has led many social media companies to add short-video services to their…
On Monday, computer gaming giant Electronic Arts said, it had agreed to acquire Codemasters for $1.2 billion, trumping an earlier agreement between the British company and rival Take-Two Interactive Software. Under the terms of the agreement, shareholders of Codemasters will receive 604 pence per share, compared with the 485 pence per share Take-Two had offered.
In a statement Visa Inc said, it has agreed to acquire privately held fintech startup Plaid Inc for $5.3 billion. The deal will increase Visa’s footprint in the booming fintech space. The deal underscores how traditional financial companies are willing to pay top dollar to acquire businesses which have established strong positions in the cashless…
On Monday, Japan’s SoftBank Corp stated, it plans on merge Yahoo Japan with messaging app operator Line Corp in order to create a $30 billion tech giant, as it aims to group together struggling internet companies to bulk up against rivals such as Rakuten Inc. In a statement SoftBank said Yahoo Japan, which last month…
The deal has multiple synergies that bode well for Exabeam. Exabeam, a California-based cybersecurity firm stated it has acquired Israeli cloud application security company SkyFormation for an undisclosed amount. The financial details of the acquisition are yet to be disclosed. Exabeam’s first acquisition follows its recent $75 million funding round. The deal will enable Exabeam…
The likelihood of Amazon acquiring Boost is high given that it is already building experience in this industry by offering phone calls through its Echo Connect product which allows Alexa-enabled devices to make phone calls. According to two sources familiar with the matter at hand, Amazon.com Inc is eyeing to acquire Boost Mobile, a prepaid…
Military to military discussions on future 5G networks are going well, said Ellen Lord, the Department of Defense’s under secretary of defense for acquisition and sustainment. With the United States determined to secure and position itself for the next generation of 5G devices, it is conscientiously pushing away Chinese telecommunications equipment maker Huawei Technologies, which…
As per a source Nvidia has outbid Intel Corp for Mellanox. The deal assumes strategic importance since it will reduce Nvidia’s dependency on the gaming industry for its revenues. As per a source familiar with the matter at hand, Nvidia Corp is close to acquiring Mellanox Technologies Ltd for more than $7 billion. The potential…
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