Earnings call: Digital Turbine reports fiscal year 2024 results By Investing.com
Digital Turbine's FY 2024 revenue decreased by 18% to $544.5 million. Growth drivers include partnerships for alternative app market expansion. [ more ]
Fulton Bank is assuming deposits and assets of Republic First Bank after its collapse due to failure to raise capital and exit from mortgage lending.
The FDIC estimates the failure of Republic Bank will cost $667 million, with Fulton Bank acquiring $6 billion in assets, including an investment portfolio and loans.
Republic Bank specialized in jumbo mortgage products, but its mortgage production was significantly lower compared to Fulton Bank. [ more ]
With M&A Deal, Click Therapeutics' Digital Prospects in Metabolic Disease Get Better - MedCity News
Click Therapeutics acquired Better Therapeutics to broaden its reach in cardiometabolic disorders, leveraging Better's FDA-authorized type 2 diabetes mobile app for personalized treatment plans. [ more ]
AuditBoard To Be Acquired by Hg for Over $3 Billion
AuditBoard, a leading provider of risk management solutions, is set to be acquired by Hg in a $3 billion transaction to fuel growth and expansion. [ more ]
Cisco's Splunk Acquisition Should Help Security Pros See Threats Sooner in Australia and New Zealand
The Cisco and Splunk acquisition aims to combine their security technologies to enhance end-to-end security and observability, benefiting customers in Australia and New Zealand. [ more ]
Nintendo acquires the latest studio to depart Embracer's lovely, hunky-dory friendship group
Nintendo acquires Shiver Entertainment, known for Nintendo Switch game ports and Mortal Kombat 1, aiming to focus on porting and developing software titles. [ more ]
This year's Call of Duty will go straight to Game Pass, report says
Microsoft plans to release the next Call of Duty game on its Game Pass subscription service, following the acquisition of Activision Blizzard. [ more ]
Foxtrot's Founder May Mount a Comeback as Parent Company Files for Bankruptcy
Foxtrot and Dom's Kitchen & Market filed for Chapter 7 bankruptcy after its assets were sold at auction, with plans to revive Foxtrot under co-founder Mike LaVitola. [ more ]
Alexis Ohanian: Reddit Turned Down Google's Offer to Buy It | Entrepreneur
Reddit rejected Google's acquisition offer due to the offer's lack of significant value and Google's plans to integrate Reddit with YouTube.
Despite rejecting the acquisition offer, Reddit has maintained a strong relationship with Google, signing a $60 million deal in February 2021. [ more ]
Overwolf Acquires NitroPay, Becoming Leading Ad Tech Platform Globally for Gamers
Overwolf acquires NitroPay gaming ad tech company, expanding Overwolf Ads to over 100M gamers, enhancing monetization solutions, and streamlining operations for publishers. [ more ]
Samsung Medison to aqcuire French AI ultrasound startup Sonio for $92.7M | TechCrunch
Samsung Medison to acquire AI-powered ultrasound software startup Sonio for $92.7 million, aiming to enhance imaging workflows with AI technology. [ more ]
Congress Passed a Bill That Could Ban TikTok. Now Comes the Hard Part.
A bill passed forcing TikTok's sale due to national security concerns, facing legal challenges and Beijing's resistance, with uncertain future implications. [ more ]
Ladbible owner LBG Media is eyeing more deals after US success
LBG Media expands presence in the US by acquiring Betches for £44.4m, growing global audience by 24% and reporting strong revenue growth.
LBG Media is focused on M&A to accelerate growth in the UK and US, considering new mediums like podcasts, with a clear roadmap to reach £200m revenue. [ more ]
The acquisition of Wormtown Brewery by Jack's Abby Craft Lagers solidifies their position as one of the nation's 10 largest family-owned craft breweries. [ more ]
Salesforce reporteldy in talks to acquire Informatica
Salesforce is reportedly in talks to acquire Informatica for cloud data management. The deal could enhance Salesforce's AI capabilities and data management services. [ more ]
Expo Chicago aims to retain identity under new ownership
Expo Chicago remains under Frieze ownership with core attributes intact, featuring international exhibitors and a commitment to serving the Midwest art market.
Both Expo Chicago and The Armory Show maintain their unique identities with Frieze aiming for evolution, not revolution, in their enhancement. [ more ]
Former Nextdoor exec raises $25 million for PipeDreams, a startup rolling up HVAC companies
PipeDreams is a startup acquiring HVAC and plumbing companies to scale them using software.
The founder of PipeDreams, Dan Laufer, saw an opportunity in the market due to gaps in the consumer experience and the silver tsunami of retiring baby boomers. [ more ]
Saber Interactive has removed all mentions of Embracer Group, indicating that is has been sold
Saber Interactive has removed references to Embracer Group from its website, indicating a completed sale.
The reported sale of Saber Interactive to private investors for around $500m aligns with the removal of references to Embracer Group from Saber's website. [ more ]
Embracer Group And Saber Interactive Part Ways In Deal Reportedly Worth $500 Million
Private investors in Beacon Interactive acquired Saber Interactive for $247 million, with further investments increasing the purchase price to around $500 million.
Embracer Group will cease operations in Russia and retain publishing rights to 14 games from Saber Interactive. [ more ]