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Posts Tagged ‘M&A’

F5 acquires Shape Security for $1B

F5 got an expensive holiday present today, snagging startup Shape Security for approximately $1 billion. What the networking company gets with a shiny red ribbon is a security product that helps stop automated attacks like credential stuffing. In an article earlier this year, Shape CTO Shuman Ghosemajumder explained what the company does: “We’re an enterprise-focused ...

LogMeIn agrees to be acquired by Francisco Partners and Evergreen for $4.3B

LogMeIn announced this morning that it has agreed to be sold for $4.3 billion to affiliates of Francisco Partners and Evergreen Coast Capital Corporation, the private equity affiliate of Elliott Management Corporation. The purchase price comes out to $86.05 per share in an all-cash deal. The company had a 52-week high of $96.87 per share ...

DataRobot is acquiring Paxata to add data prep to machine learning platform

DataRobot, a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Paxata raised a total of $90 million before today’s acquisition, according to the company. Up until now, DataRobot has concentrated ...

Berlin-based streaming guide JustWatch acquires New York rival GoWatchIt

Berlin-headquartered streaming guide JustWatch has grown to more than 10 million users across 38 countries in less than five years. Now, it’s expanding its U.S. presence with the acquisition of New York-based rival GoWatchIt, from Plexus Entertainment. Deal terms were not revealed but were a mixture of cash and stock for the smaller operation, which ...

Fourteen attorneys general will challenge T-Mobile and Sprint merger in court this week

After months of statements, the biggest challenge yet to T-Mobile and Sprint’s proposed merger kicks off today in a Manhattan court. The trial is the result of pushback from a coalition of attorneys general of 13 states and the District of Columbia, who have raised flags over the proposed $26 billion merging of the country’s ...

Xerox tells HP it will bring takeover bid directly to shareholders

Xerox fired the latest volley in the Xerox -HP merger letter wars today. Xerox CEO John Visentin wrote to the HP board that his company planned to take its $33.5 billion offer directly to HP shareholders. He began his letter with a tone befitting a hostile takeover attempt, stating that their refusal to negotiate defied ...

Camp Grounded Digital Detox returns after founder’s death

Summer camp for adults and beloved tech-free weekend getaway Camp Grounded ground to a halt in 2017. Its big-hearted founder, Levi Felix, who’d espoused the joys of trading screens for nature walks, was tragically killed by brain cancer at just age 32. Left in his wake was a mourning community that had lost their digital ...

Google acquires CloudSimple

Just a few months back, Google announced a partnership with a company called CloudSimple to help more enterprise teams move their on-site operations to the cloud. Now Google is outright acquiring them. So what is CloudSimple? It lets businesses run VMware vSphere workloads on the cloud, allowing them to take their existing on-premises tools and ...

OpenText buys data security firm Carbonite for $1.42B

Carbonite has agreed to a $1.42 billion purchase by OpenText, an enterprise information management giant, ending weeks of speculation about the anticipated buyout. The deal marks a 78% premium on Carbonite’s share price on September 5, when it was first rumored the company was preparing to buy the backup and data recovery company. Carbonite said ...

HP confirms it has received a proposal from Xerox about being acquired

Rumors have been flying today about Xerox possibly buying HP Inc., the printer and computer company. The company issued a public statement this afternoon confirming that there are talks ongoing, and that it will do whatever is in the best interest of shareholders. The Wall Street Journal got things rolling earlier today when it published ...