Mergers and Acquisitions

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DOJ wants more answers on Fox’s $22B Roku deal

Fox’s $22 billion plan to buy Roku has hit a new hurdle. The Justice Department sent Fox and Roku what’s known as a “second request” on Tuesday, asking the companies to turn over more data and documents as it takes a closer look at the deal. That’s a fairly standard step in a major antitrust […]

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SoundCloud acquires decentralized music platform Nina Protocol months after its shutdown

SoundCloud has acquired decentralized music platform Nina Protocol, months after the startup announced it would shut down. The deal brings Nina’s artists, editorial archive, and music discovery tools to SoundCloud as the company continues expanding its platform for independent musicians.

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Stripe and Advent reportedly offered to buy PayPal for around $53.4B

Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion.  Reuters reports that the offer was submitted earlier this month and is backed by roughly $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal, […]

Stripe and Advent reportedly offered to buy PayPal for around $53.4B Read More »

The company behind ClassPass and Mindbody just got a lot bigger with a $7.5B merger

The merger is a sign that the fitness industry is continuing to move toward consolidation to compete at a larger scale. Recent moves include MyFitnessPal acquiring Cal AI, an AI calorie counting app, and Strava buying two apps: cycling app The Breakaway and running app Runna.

The company behind ClassPass and Mindbody just got a lot bigger with a $7.5B merger Read More »

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