Talk about a roller coaster ride. Zoom, the video conferencing company that became the main work communication tool during the pandemic, will no longer acquire Five9, a maker of cloud-based customer service software. While the all-stock deal announced in July should enable Zoom to enter the lucrative contact center market, it appeared that some major … Read more
Cyrus Biotechnology has several drug discovery and development partnerships and also markets Cyrus Bench, a software platform for protein engineering. (Cyrus photo) Seattle-based Cyrus Biotechnology is entering into a protein engineering collaboration with Boston-based Selecta Biosciences that could raise up to $ 1.5 billion for the University of Washington spinout. The partnership will support the … Read more
It was a busy first half for the US-New Zealand company Rocket Lab, which released results for the first half of 2021 on Wednesday – the first such reporting since the company went public last month. Rocket Lab reported sales of $ 29.5 million for the six month period. Backlog also increased to $ 141.4 … Read more
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before … Read more
It is official. Sony now owns both Crunchyroll and Funimation. The company’s Sony Pictures division closed on Monday the acquisition, valued at $ 1.175 billion. And with the deal now closed, Tony Vinciquerra, CEO of Sony Pictures, said the company’s goal was “to get a unified anime subscription as soon as possible.” Sony has not … Read more
Dr. Gust Bardy, founder of Bardy Diagnostics. (Bardy photo) Medical technology company Hill-rom has dismissed its attorneys after initially backing off a $ 375 million acquisition of Seattle startup Bardy Diagnostics. The deal to acquire Bardy will now continue, Hill-rom CEO John Groetelaars said in a call to investors on July 30th. Founded in 2013, … Read more
British online giant Asos took over Topshop and related brands in February and given millennial-oriented brands a new home, as this graphic on its website shows. Nordstrom has just taken a minority stake in the brands as part of a deal with Asos. Nordstrom has acquired a minority stake in fashion brands Topshop, Topman, Miss … Read more
Elizabeth Warren tries to guess which billionaire face she held up during a game on “The Late Show With Stephen Colbert” last year. (YouTube screengrab) In a letter to Federal Trade Commission Chair Lina Khan, Senator Elizabeth Warren alleged that Amazon’s multi-billion dollar offer for MGM could harm consumers and expand Amazon’s market dominance beyond … Read more
2U, a SaaS platform that helps nonprofits and colleges run online universities, plans to acquire all of Harvard’s assets and MIT-founded edX for a $ 600 million deal, according to multiple sources. 2U did not immediately respond to requests for comment and it is unclear if this is a pure cash transaction. The deal gives … Read more
Another day, another deal. Keeping up with the tide of acquisitions, IPOs, SPACs, and venture capital these days is no easy task. In fact, the IPO dollar volume for 2021 has already reached $ 171 billion, surpassing the record sums of last year. The same goes for mergers and acquisitions, with record levels of transaction … Read more