M&A Industry News
A collection of M&A latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Salesforce to Acquire Slack for $27.7 Billion
SAN FRANCISCO — Salesforce on Tuesday said it would buy the workplace software company Slack for $27.7 billion in cash and stock, the latest in a wave of deals as the coronavirus pandemic boosts demand for tools that enable people to work…
China Panel Calls for More Federal Trade Commission Authority in Approving Mergers Involving Foreign Money
WASHINGTON—An influential bipartisan commission on China recommended Tuesday Congress expand the Federal Trade Commission's authority, which would allow it to examine the influence of foreign government subsidies earlier in the process of…
Uber officially completes Postmates acquisition
Image Credits: David Paul Morris/Bloomberg / Getty Images Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of…
Salesforce acquires Slack for $27.7 billion in its largest acquisition ever
Salesforce said it will acquire Slack in an all-stock deal valued at $27.7 billion as the company aims to expand its footprint more into collaboration and workflows. The acquisition, which leaked last week, sets up a showdown with Microsoft and its…
Grab, Gojek Close In on Terms for Merger
Grab Holdings Inc. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with knowledge of the talks. The region's two most…
The Lion Electric Company, Northern Genesis Acquisition Corp. Announce Merger - School Transportation News
KANSAS CITY, Mo. & SAINT-JÉRÔME, Québec — The Lion Electric Company, a leading designer, manufacturer and distributor of all-electric medium and heavy-duty urban vehicles, announced today it intends to combine with…
Why the agency consolidation trend won't end anytime soon
Sentimentality aside, these massive combinations appear to be working. In its most recent third-quarter earnings, WPP called out all three merged companies as its “strongest performing.” VMLY&R was cited as its “best-performing…
Grab, Gojek close in on terms for merger
By Yoolim Lee and Pavel Alpeyev (Bloomberg) -- Grab Holdings Inc. and Gojek have made substantial progress in working out a deal to combine their businesses in what would be the biggest internet merger in Southeast Asia, according to people with…
Salesforce officially announces acquisition of Slack for $27.7 billion
After several days of rumors and speculation, Salesforce has officially announced today that it will acquire the workplace communication app Slack. The deal is valued at over $27 billion and marks Salesforce's biggest acquisition ever. Slack is a…
JD.com, SF, Carlyle among bidders for CJ Group's $1 billion China logistics business: sources
HONG KONGHONG KONG (Reuters) - Chinese online retailer JD.com, delivery company SF Group and Carlyle are bidding for South Korean conglomerate CJ Group's China logistics business in a deal that could fetch over $1 billion, people familiar with the…
How to position your company for acquisition in a chaotic economy, according to a founder who sold his multimillion-dollar company to Thomson Reuters
Brian Fox is the president and founder of Confirmation, a financial data confirmation company that was acquired for an undisclosed amount by Thomson Reuters last summer. His company overcame two economic downturns since its inception, the Great…
BlackRock Emerges as Wall Street Player in Biden Administration
Wall Street bankers, and in particular those from Goldman Sachs Group Inc., have long held senior positions in the White House. Under President-elect Joe Biden, such roles are going to executives of BlackRock Inc. A former Goldman executive held…
Uber completes Postmates acquisition, boosting its place in food delivery
Bolstering its increasingly important delivery business, Uber Technologies Inc. announced Tuesday that it has completed its $2.65 billion acquisition of Postmates Inc. The Uber Eats and Postmates apps will continue to run separately, Uber UBER said…
Noxopharm targets $20m deal for clinical studies
ASX-listed drug developer is Noxopharm has put a $20 million equity raising to investors in an effort to fund studies slated for next year. Canaccord Genuity's equities desk was in the market seeking buyers for new Noxopharm shares at 54¢…
It's Official: Salesforce Buying Slack For $28 Billion, Taking On Microsoft With Benioff's Biggest Deal Yet
After nearly a week of speculation, Salesforce confirmed its intent to acquire popular workforce chat platform Slack in a deal valued at $27.7 billion on Tuesday, marking the enterprise cloud giant's largest-ever acquisition and positioning it to…
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