Adobe announced today that it was acquiring Magento for $1.68 billion. The purchase gives Adobe a missing e-commerce platform piece that works in B2B and B2C contexts and should fit nicely in the company’s Experience Cloud. It should also help Adobe compete with Salesforce, which offers its own marketing, sales and service offerings in the […]
View More Adobe to acquire Magento for $1.68BCategory: Mergers and Acquisitions
Quarterback lets top esports gamers and streamers create their own fan-based leagues
In an effort to tie the top gamers and streamers more directly with their fans, a new company called Quarterback has just raised $2.5 million to create and manage fan-based leagues for the superstars of the esports and streaming world. The company raked in its seed round from investors led by Bitkraft Esports, which is […]
View More Quarterback lets top esports gamers and streamers create their own fan-based leaguesS&P Global snares Kensho for $550 million
S&P Global announced today that it will acquire Kensho, a Cambridge, Massachusetts startup that has concentrated on artificial intelligence and analytics for big financial institutions. The total value of the deal is $550 million in a mix of cash and stock. Kensho, which counted S&P Global as a client/partner and an investor, launched in 2013 and has raised $67.5 million, according… Read More
Oracle grabs Zenedge as it continues to beef up its cloud security play
Oracle announced yesterday that it intends to acquire Zenedge, a 4-year old hybrid security startup. They didn’t reveal a purchase price. With Zenedge, Oracle gets a security service to add it to its growing cloud play. In this case, the company has products to protect customers whether in the cloud, on-prem or across hybrid environments. The company offers a range of services from… Read More
Consolidation in the cloud as OpenText buys Hightail and Carbonite grabs Mozy from Dell
Back in the early 2000s before Dropbox was gleam in Drew Houston’s eye, sharing large files was a huge challenge. Email services limited attachment size because bandwidth and storage were both expensive and FTP required a certain level of technical acumen. YouSendIt tried to resolve that problem by providing a way to share large files in the days before the cloud became a thing. The… Read More
Time Warner will be fine even if the AT&T acquisition doesn’t go through
Time Warner will be fine even if the government blocks the bid from AT&T to buy the company. That’s the word from John Martin, the free-wheeling chief executive of Time Warner subsidiary, Turner Inc., who was speaking at the Code Media conference in Huntington Beach. For the record, Martin says that the government’s position on the acquisition offer is “stupid” and… Read More
Billionaire investors Icahn and Deason write blog post slamming Xerox-Fuji deal
Carl Icahn and Darwin Deason are a couple of seasoned billionaire investors, who know a bad deal when they see it, and they definitely don’t like the $6.1 billion deal announced last month to combine Fuji with Xerox. In a blog post published today, they are urging fellow shareholders to reject the offer. You may recall that it was Icahn and Deason, who together own a 15 percent stake in… Read More
Raise softly and deliver a big exit
In the world of venture capital, the prospect of a successful “exit” looms large in the minds of investors. A VC’s business model is less about the money that goes into a startup than it is about what comes out. It’s true that most companies fail to exit gracefully, and of those that do, surprisingly few exit by going public. Read More
What Silicon Valley tech VCs get wrong about consumer investing
When I began fundraising for CircleUp six years ago, I encountered many investors whose eyes would glaze over when I mentioned “consumer.” These investors would fidget uncomfortably or drop their gaze when I explained that our platform would only provide capital to small CPG companies. I would often hear the skeptical comments, such as, “an energy bar company can’t… Read More
Marlin Equity Partners acquires social listening platform Talkwalker
Talkwalker, a cloud-based social media listening platform, announced today that it has been acquired by private equity firm, Marlin Equity Partners. The companies did not share terms of the deal.
“We are not releasing exact details at this stage, but it’s substantial and it will make a big difference to what we will be able to achieve in the coming years,” a Talkwalker… Read More
Scaleworks announces pre-holiday surprise with Keen IO acquisition
Scaleworks, a private equity firm based in San Antonio, Texas, apparently couldn’t wait until after the holidays to share the news of its latest purchase. The firm announced it was acquiring Keen IO in a Medium blog post yesterday. Terms of the deal were not disclosed, and neither company was available for comment beyond the blog post, but Keen has raised close to $30 million since it… Read More
Apple has a history of choosing cash over startups
Apple has more cash than any other tech company on the planet. Yet, that hasn’t translated into spending on acquisitions. Over the past five years, Apple has spent the least on M&A out of all the “Big Five” most valuable U.S. tech companies. That’s despite the fact that it is estimated to have more than $260 billion in cash and cash equivalents. So, is it buying… Read More