Acquisitions

Acquisitions
Wiz Reportedly Rejects $23 Billion Google Deal
July 23, 2024

Cloud security startup Wiz has reportedly rejected a $23 billion acquisition bid by Google. Instead, the company will go ahead with plans for an initial public offering (IPO), CNBC reported late Monday (July 22), citing an internal memo written by Wiz co-founder Assaf Rappaport “Saying...

Acquisitions
Congresswoman Waters Urges Regulators to Reject Capital One-Discover Merger
July 19, 2024

Congresswoman Maxine Waters (D-Calif.) reiterated her opposition to the proposed Capital One–Discover merger. Waters, the top Democrat on the House Financial Services Committee (HFSC), testified against the proposed merger Friday (July 19) during a virtual meeting convened by the Federal Reserve and the Office of...

Acquisitions
Report: Meta Seeks Stake in Smart Glasses Partner EssilorLuxottica
July 18, 2024

Meta is reportedly looking to buy a stake in its smart glasses partner EssilorLuxottica. The tech company is in talks to acquire a 5% stake in the eyewear maker, which owns the Ray-Ban brand, The Wall Street Journal (WSJ) reported Thursday (July 18), citing unnamed...

Acquisitions
European Commission Will Not Oppose Advent Acquisition of Nuvei
July 17, 2024

The European Commission will not oppose the proposed acquisition of payment technology provider Nuvei by private equity firm Advent International. European Commission Director-General Olivier Guersent notified the buyers of the decision in a Tuesday (July 16) letter, saying the deal is compatible with the internal...

Acquisitions
Capital One Announces $265 Billion Community Plan as Part of Discover Deal
July 17, 2024

Capital One Announces $265 Billion Community Benefits Plan Capital One said Tuesday (July 16) that a combination of the bank with Discover Financial Services would provide more benefits to underserved communities than the organizations would offer separately. The bank said this in a press release announcing a...

Acquisitions
Macy’s Board Ends Acquisition Talks With Arkhouse, Brigade
July 15, 2024

The Macy’s board of directors has unanimously decided to end acquisition talks with Arkhouse Management and Brigade Capital Management. The decision follows more than seven months of engagement that included a due diligence process, Macy’s said in a Monday (July 15) press release. “At this time, after careful review,...

Acquisitions
Ryder Expands Mobile Maintenance Fleet Services With Pit Stop Acquisition
July 15, 2024

Ryder System plans to expand its retail mobile maintenance offering with an acquisition of Pit Stop Fleet Service. The company entered into an agreement to acquire Pit Stop and expects to complete the transaction by Aug. 1, subject to customary closing conditions, Ryder said in...

Acquisitions
Zone & Co Adds OCR Capabilities With Staria Flow Acquisition
July 11, 2024

Zone & Co has acquired Staria’s accounts payable (AP) automation solution, Staria Flow. This acquisition will add enterprise optical character recognition (OCR) capabilities to Zone’s procure-to-pay solution, the companies said in a Thursday (July 11) press release. It follows Zone’s acquisitions of financial reporting solution provider Solution 7...

Acquisitions
Envestnet to Go Private in $4.5 Billion Deal With Bain Capital
July 11, 2024

Wealth technology platform Envestnet plans to go private in a deal with Bain Capital. The company entered into a definitive agreement to be acquired by Bain Capital in a transaction that values Envestnet at $4.5 billion, the companies said in a Thursday (July 11) press...