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

Alludo buys Nitro for A$500M cash

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...

LootMogul, Harmony One deal dead after hack

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....

K1 buys ELMO Software for $319M

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...

DraftKings buys Golden Nugget Online Gaming

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,...

Animoca raises $359M at >$5B valuation

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...

Francisco Partners buys Jama Software for $1.2B

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,...

Facebook warns of revenue growth slowdown

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...

Thoma Bravo buys Bottomline for $2.6B

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...

What Is Google X, the Moonshot Factory?

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...