Mergers & Acquisitions

Why SEGA Is Buying Rovio Entertainment For €706 Million

By Amit Chowdhry ● Apr 19, 2023

Why Merck Is Buying Prometheus Biosciences For About $10.8 Billion

By Amit Chowdhry ● Apr 19, 2023

Merck (known as MSD outside the United States and Canada) and Prometheus Biosciences recently announced that the companies have entered into a definitive agreement under which Merck, through a subsidiary, has agreed to buy Prometheus for $200 per share in cash for a total equity value of approximately $10.8 billion.

Acuity Brands To Buy KE2 Therm

By Dan Anderson ● Apr 18, 2023

Acuity Brands recently announced a definitive agreement to buy KE2 Therm Solutions. These are the details.

Why Arch Insurance Acquired Thimble

By Annie Baker ● Apr 18, 2023

Arch Insurance announced it has acquired Thimble, which is a leading insurtech platform for small business customers and agents.

Precision Medicine Company Function Oncology Raises $28 Million

By Amit Chowdhry ● Apr 17, 2023

Function Oncology - a precision medicine company advancing a CRISPR-powered personalized functional genomics platform to transform the future of targeted cancer treatment - announced its launch with $28 million in Series A financing. The funding was led by a16z and Section 32, with participation from Casdin Capital and Alexandria Venture Investments.

Digital Transaction And Video Verification Company Branddocs Buys TrustCloud

By Noah Long ● Apr 17, 2023

Branddocs - a provider of secure digital transactions and video verification services - has announced it is acquiring TrustCloud, the world's first choreographing platform for secure digital transactions, in a move that strengthens its commitment to building trust and confidence in the digital economy.

Video Editing SaaS Company VideoVerse Buys Reely.ai

By Dan Anderson ● Apr 17, 2023

Leading video editing SaaS company VideoVerse announced its acquisition of Reely.ai, a prominent Esports AI-Powered content creation, and social media distribution company.

Business Management Company DaySmart Software Buys ReCPro

By Amit Chowdhry ● Apr 17, 2023

DaySmart Software - a leading provider of vertically focused business management software - announced the acquisition of R.C. Systems Inc. (a.k.a. ReCPro Software) and veteran provider of recreation management software based in Warren, MI.

Careem Launches A Spinout With $400 Million Investment

By Annie Baker ● Apr 13, 2023

Careem - an Uber-owned ride-hailing company - announced a spinout with major backing from Abu Dhabi-based tech holding company e&.

Emerson To Buy National Instruments For $8.2 Billion

By Amit Chowdhry ● Apr 12, 2023

Emerson and NI announced that they have entered into a definitive agreement under which Emerson will acquire NI for $60 per share in cash at an equity value of $8.2 billion.

Why Savvy Games Is Buying Scopely For $4.9 Billion

By Amit Chowdhry ● Apr 9, 2023

Savvy Games Group - which is wholly owned by Saudi Arabia’s Public Investment Fund (PIF) - announced it has entered into an agreement to buy Scopely for $4.9 billion.

Why SoFi Is Buying Fintech Mortgage Lender Wyndham Capital

By Noah Long ● Apr 6, 2023

SoFi Technologies - a member-centric, one-stop shop for digital financial services that helps members borrow, save, spend, invest, and protect their money - recently announced it is buying Wyndham Capital Mortgage, a leading fintech mortgage lender in an all-cash transaction.

Platinum Equity Acquires Majority Interest In Tarter Farm And Ranch Equipment

By Noah Long ● Apr 6, 2023

Platinum Equity recently announced the acquisition of a majority interest in Tarter Farm and Ranch Equipment from affiliates of the company's founders.

Extra Space Storage And Life Storage Merging In $12.7 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Extra Space Storage Inc. (NYSE: EXR) and Life Storage, Inc. (NYSE: LSI) announced that the two companies have entered into a definitive merger agreement by which Extra Space will acquire Life Storage for $12.7 billion.

UserTesting And UserZoom Merging To Create Experience Research Powerhouse

By Noah Long ● Apr 4, 2023

Video-based human insight leader UserTesting and UX insights leader UserZoom have announced a merger. This new company will use the UserTesting company name and be led by the current UserTesting Chief Executive Officer Andy MacMillan, and a combined executive team.

Mars To Buy Heska For $1.3 Billion: Details

By Annie Baker ● Apr 4, 2023

Mars, Incorporated and Heska Corporation announced this week that they have entered into a definitive agreement under which Mars will acquire Heska, a global provider of advanced veterinary diagnostic and specialty products for $120 per share.

Endeavor To Merge UFC And WWE As Part Of $21 Billion Deal: Details

By Amit Chowdhry ● Apr 4, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) and World Wrestling Entertainment, Inc. (NYSE: WWE) announced that they have signed a definitive agreement to form a new publicly listed company consisting of two iconic complementary, global sports and entertainment brands: UFC and WWE. And upon the close, Endeavor will hold a 51% controlling interest in the new company and existing WWE shareholders will hold a 49% interest in the new company.

Ovintiv Buying Core Midland Basin Assets For $4.275 Billion

By Amit Chowdhry ● Apr 4, 2023

Ovintiv announced it has entered into a definitive purchase agreement to acquire substantially all leasehold interest and related assets of Black Swan Oil & Gas, PetroLegacy Energy, and Piedra Resources (NMB sellers), which are portfolio companies of funds managed by EnCap Investments L.P. in a cash and stock transaction valued at approximately $4.275 billion.

nVent Electric Buying ECM Investors For $1.1 billion

By Annie Baker ● Apr 3, 2023

nVent Electric has entered into a definitive agreement to buy ECM Investors, LLC, the parent of ECM Industries, LLC, for a purchase price of $1.1 billion, subject to customary adjustments. ECM Industries is a leading provider of high-value electrical connectors, tools and test instruments, and cable management.