SYDNEY, AUSTRALIA: LiveHire Limited (ASX: LVH) has announced that it has entered into a conditional binding Asset Sale Agreement with Arrived Workforce Connections Inc. (Arrived) for the acquisition of all of Arrived’s business and assets. The deal, which is subject to LiveHire shareholder approval, will see the company pay an aggregate purchase price of up…
SmartAsset expands consumer-advisor connection with DeftSales acquisition
New York-based web marketplace, SmartAsset, has acquired DeftSales, a Houston-based prospect engagement firm for financial experts. This acquisition will help SmartAsset to expand its services. DeftSales, founded in 2020 by Brendan Brown, James Fason, and Hunter Wright, automates outreach, provides analytical insights and seamlessly integrates with various CRM platforms. SmartAsset, founded by Michael Carvin, is…
BuzzFeed to shut down news division and cut 15% of staff in major restructuring move
BuzzFeed, the digital media company known for its listicles and quizzes, is shutting down its news division and will cut about 15% of its entire staff. The decision was announced by BuzzFeed’s co-founder and CEO Jonah Peretti in a memo to staff. According to multiple media reports, the cuts will affect teams across its business,…
European Parliament approves comprehensive regulations for cryptocurrency industry
The European Parliament has approved the world’s first comprehensive set of rules aimed at regulating the cryptocurrency industry. The Markets in Crypto Act, or MiCA, seeks to reduce risks for consumers buying crypto assets by imposing requirements on crypto platforms, token issuers, and traders around transparency, disclosure, authorization, and supervision of transactions. The legislation, which…
OTO International to acquire South West Brands at an enterprise value of £6.235 million
LONDON, UK: South West Brands Limited (SWB) has entered into a Sale & Purchase Agreement (SPA) for the sale of SWB to OTO International Limited (OTO) for an enterprise value of £6.235 million to be paid in OTO shares. OTO is an omni-channel premium wellness brand renowned for its use of holistic plant ingredients and…
Caledonia Investments acquires majority stake in AIR-serv Europe
LONDON, UK: Caledonia Investments plc has announced its acquisition of a majority stake in AIR-serv Europe, which comprises Airvending Limited and AIR-serv Netherlands B.V. The move comes as Caledonia aims to invest in high-quality, well-established private companies with proven management teams and strong long-term growth potential. Airvending Limited and AIR-serv Netherlands B.V., both headquartered in…
WPP acquires sonic branding company, amp
LONDON, UK: WPP Plc today has announced the acquisition of amp, one of the world’s leading sonic branding companies. amp’s expertise will strengthen WPP’s offer in experiential branding and its ability to create high-quality, differentiated, and ownable sound experiences for clients. The acquisition comes as sound continues to grow as a vital branding element, with…
Rewardle Holdings acquires YourGrocer to boost local community powered grocery service
SYDNEY, AUSTRALIA: Rewardle Holdings Limited (ASX:RXH) has announced its acquisition of Your Grocer Pty Ltd, a former e-commerce grocery retailer in metropolitan Melbourne. Rewardle, a software business that operates its proprietary B2B2C software platform, will take on YourGrocer’s assets, liabilities, and ongoing operational obligations for approximately $3,000 funded from operating cash flow. Although YourGrocer ceased…
Cyclopharm Limited has acquired DuPharma ApS, based in Copenhagen
SYDNEY, AUSTRALIA: Cyclopharm Limited (ASX: CYC) has acquired DuPharma ApS, based in Copenhagen, Denmark. DuPharma is a third-party medical distribution company and has been a long-term distributor of Technegas and other nuclear medicine products in Denmark for several years. Consideration for the acquisition is 100,000 ordinary shares in Cyclopharm plus AUD$65,000 in cash, payable over…
China’s EV market set to welcome three new Toyota models
Toyota has begun taking orders for its first electric sedan in China, marking a major step for the Japanese automaker in the world’s largest electric vehicle market. This comes as Toyota has announced two more models are set to come to the local market next year, as part of the company’s bZ, or “beyond zero”…
Tesla’s earnings disappoint as margins stressed by new factory underutilization, higher costs
Tesla, the electric vehicle maker, saw its shares fall more than 4% after it released its first-quarter earnings report. The company reported adjusted earnings per share of 85 cents. Revenue came in at $23.33 billion, beating expectations of $23.21 billion. Tesla’s net income was $2.51 billion, down 24% from the previous year, with GAAP earnings…
Franklin Templeton International offload stakes in Romanian companies to the Greeks
LONDON, UK: Franklin Templeton International Services S.À R.L., as the alternative investment fund manager and sole director of Fondul Proprietatea S.A., has announced that the Fund has sold all its equity stakes in five Romanian companies, including E-Distributie Muntenia S.A. and Enel Energie Muntenia S.A., to the Greek company Public Power Corporation S.A. (PPC) for…