Mergers and Acquisitions

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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, […]

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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.

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Netflix may have paid $600 million for Ben Affleck’s AI startup

Last week, Netflix announced the acquisition of InterPositive, an AI company co-founded by Ben Affleck that helps filmmakers edit footage in post-production. This deal could be worth up to $600 million, according to Bloomberg, potentially ranking it among the streaming giant’s largest acquisitions ever. The most Netflix has ever paid for a single acquisition was […]

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