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,...
Mergers & Acquisitions
Sainsbury's failed Asda merger; IBM completes Octo acquisition; Thoma Bravo buys Bottomline; Apple acquires WaveOne.
EU seeks feedback on Microsoft's $19.7bn Nuance acquisition
Late in 2021 the European Commission opened a feedback round on Microsoft’s planned $19.7 billion purchase of Nuance Communications, a speech-recognition and AI firm whose biggest footprint is in medicine....
Sainsbury's CEO Mike Coupe and the Failed Asda Merger
On 25 April 2019, the UK Competition and Markets Authority formally blocked the proposed merger between J Sainsbury plc and Asda Group Ltd. Both companies walked away the same day....
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...
Apple Acquires AI Video Compression Startup WaveOne
Apple acquired WaveOne, a startup that used machine learning to compress video more efficiently than standard codecs, in a deal that closed in March 2023. WaveOne's website was taken down...
Alphawave IP take-private at 76% below IPO
Alphawave IP, a Canadian semiconductor intellectual property licensing firm, completed its initial public offering on the London Stock Exchange in May 2021 at 410 pence per share. The stock price...
IBM Completed Its Octo Acquisition in December 2023
IBM completed its acquisition of Octo Consulting Group in late December 2023, folding the Reston, Virginia IT modernization firm into IBM Consulting's federal government division. The deal was announced on...
Adobe Abandons $20B Figma Deal After EU and UK Block It
Adobe walked away from its planned purchase of Figma on December 18, 2023, after determining that neither the European Commission nor the UK's Competition and Markets Authority would clear the...
