SAP to expand margins after closure of Qualtrics deal

SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…

Adobe Systems acquires Marketo Inc for $4.75 billion

Given the similarities of Marketo’s business with Adobe’s cloud-based business, the cost synergies in the deal hit a sweet spot. Adobe Systems has agreed to acquire Marketo Inc from Vista Equity Partners Management, a private equity firm, for $4.75 billion. The acquisition will boost its cloud-based digital marketing business. Adobe is sharpening its focus on…

Spotify Technology SA takes direct route to markets, saves millions of dollars in underwriter fees

The music streaming giant will use Citadel Securities, as a market maker, and Morgan Stanley to set its opening price on the NYSE on Tuesday. The New York Stock Exchange has set the reference price for Spotify Technology SA’s shares at $132. Its shares are expected to start trading on Tuesday. Incidentally, Spotify is pursuing…

Chinese electric vehicle startup Nio preparing for $2 billion U.S. IPO: Sources

Nio has hired 8 banks for the planned U.S. IPO. According to sources with knowledge of the matter, Nio, a Chinese electric vehicle startup has hired 8 banks, including Goldman Sachs and Morgan Stanley for its planned U.S. stock market listing this year, worth up to $2 billion. The eight banks are, JPMorgan, Goldman Sachs,…

Global investors scouring for deals in India’s lucrative solar power market

Global investors, including pension funds, are attracted to India’s burgeoning solar power market likes bees to honey. Some of the world’s biggest pension funds are increasingly drawn to India and are scouting for deals in green investments. Indian Prime Minister, Narendra Modi has set a target of $100 billion in investment in the next five…