Deals & M&A

Thoma Bravo buys Bottomline for $2.6B; Francisco Partners buys Jama Software for $1.2B; DraftKings buys Golden Nugget Online Gaming.
Technology

Alludo buys Nitro for A$500M cash

by Kenneth Ma | 31 August 2026
In late 2022, Australian PDF software maker Nitro Software agreed to be acquired by Alludo, a Canadian holding company that owns Corel, Parallels, MindManager, and WinZip. The all-cash deal valued...
Technology

LootMogul, Harmony One deal dead after hack

by Kenneth Ma | 31 August 2026
In early 2022, sports metaverse platform LootMogul announced a strategic investment from the Layer-1 protocol Harmony One. The deal was structured as a collaboration rather than a pure equity injection....
Technology

K1 buys ELMO Software for $319M

by Kenneth Ma | 31 August 2026
In October 2022, US private equity firm K1 Investment Management agreed to acquire ELMO Software, an Australian cloud HR, payroll, and rostering platform listed on the Australian Securities Exchange. The...
Technology

DraftKings buys Golden Nugget Online Gaming

by Kenneth Ma | 31 August 2026
On August 9, 2021, DraftKings Inc. announced it would acquire Golden Nugget Online Gaming, Inc. (GNOG) in an all-stock transaction valued at roughly $1.56 billion. The deal closed May 5,...
Technology

Animoca raises $359M at >$5B valuation

by Kenneth Ma | 31 August 2026
In January 2022, Hong Kong based Animoca Brands closed a funding round that drew attention for its deliberately stylized amount: $358,888,888. The raise gave the business a pre-money valuation above...
Technology

Francisco Partners buys Jama Software for $1.2B

by Kenneth Ma | 31 August 2026
Francisco Partners closed its acquisition of Jama Software, a provider of requirements-management and traceability tools, in a deal valued at $1.2 billion. The transaction, first announced as a definitive agreement,...
Technology

Facebook warns of revenue growth slowdown

by Kenneth Ma | 31 August 2026
On July 28, 2021, Facebook reported $29.077 billion in revenue for the second calendar quarter, a 56% increase from the same period in 2020. Net income reached $10.394 billion. Diluted...
Technology

Thoma Bravo buys Bottomline for $2.6B

by Kenneth Ma | 31 August 2026
Thoma Bravo, a software-focused investment firm, closed its takeover of Bottomline Technologies on May 13, 2022. The all-cash deal valued the business-payments and financial-technology provider at roughly $2.6 billion. Bottomline...
Technology

What Is Google X, the Moonshot Factory?

by Kenneth Ma | 31 August 2026
Google X began in January 2010 as a secret lab where Sebastian Thrun and Astro Teller pursued ideas that could not survive anywhere inside the search giant. After Google restructured...