M&A

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Skio never hired a sales team, never ran an ad, and just sold for $105 million cash to the company it was built to replace

Kennan Frost dropped out of college, worked as an engineer at Pinterest, had a panic attack, quit, applied to Y Combinator in 2020, and by his own account failed his way through the programme until a pivot to subscription payments changed everything. Five years later, on 30 April 2026, the company he built, Skio, was […]

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Nebius paid $643 million for 20 people because inference is where the money is

Nebius Group, the Dutch cloud computing company that split from Russian internet provider Yandex in 2024, has agreed to acquire Eigen AI for approximately $643 million in stock and cash. The deal, announced on 1 May, is for a 20-person startup founded by alumni of MIT’s HAN Lab. In a market where the largest AI […]

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HBO Max comes to India through exclusive JioHotstar deal at 50 cents a month

HBO Max has launched in India through an exclusive partnership with JioHotstar, the streaming platform born from Reliance Industries’ $8.5 billion merger with Walt Disney’s Indian operations. The deal brings a dedicated HBO Max-branded hub to JioHotstar’s 100 million-plus paid subscribers, available as an add-on starting at ₹49 per month,  roughly 50 US cents, making […]

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AppDirect buys PartnerStack to complete its ‘everything store’ for B2B software distribution

In short: AppDirect has acquired Toronto-based PartnerStack, the partner relationship management platform with 138,000+ B2B partners and ~50% market share in the PRM category. Terms were not disclosed. The deal is AppDirect’s sixth acquisition in 12 months, following Tackle.io (cloud go-to-market, $20B+ in hyperscaler transactions), vCom Solutions ($100M+, network/mobility), and DNE Resources (energy). AppDirect has […]

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Hexagon pays $1.45 billion for Baker Hughes’ inspection tech unit in biggest European industrial deal of 2026

Hexagon AB, the Swedish industrial technology group ($29B market cap, €5.4B revenue), is acquiring Waygate Technologies from Baker Hughes for $1.45 billion in cash. Waygate is the world’s leading non-destructive testing (NDT) company, with ~$630M in revenue, ~1,500 employees across 25 locations, and technology spanning CT scanning, radiography, ultrasonics, and remote visual inspection for aerospace, […]

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