AMSTERDAM: Sia, a next-generation global consulting group, has acquired Precedence, a Netherlands-based consultancy specializing in AI-driven transformation, in a move that strengthens its presence in the Benelux region and accelerates its European growth strategy. The acquisition follows a strategic minority investment of up to €250 million by Blackstone, the world’s largest alternative asset manager, in…
Category: Wire
News wire, ,nyse exchange, market newspaper, equities market news, financial news,
Treetop Companies acquires Inducon Business Park Near Buffalo Airport
WILLIAMSVILLE: Treetop Companies, a privately held real estate investment firm with a growing national industrial portfolio, has acquired Inducon Business Park, a 12-building, 293,962-square-foot light industrial campus adjacent to Buffalo Niagara International Airport. The seller was Time Equities, Inc., and the transaction was brokered by Joe Hill of CBRE. Located in Williamsville, New York, the…
Ziff Davis completes three strategic acquisitions in Q2 2025
NEW YORK: Ziff Davis, Inc. (NASDAQ: ZD) announced Friday that it completed three acquisitions during the second quarter of 2025, expanding its global footprint and diversifying its product offerings across key verticals. The acquisitions include: The company said the deals will grow its global customer base, provide access to new markets, and enhance its portfolio…
Alibaba announces HK$12 billion exchangeable bond offering linked to Alibaba Health
HONG KONG: Alibaba Group Holding Limited (NYSE: BABA; HKEX: 9988, 89988) on Thursday unveiled plans for a HK$12 billion offering of zero coupon exchangeable bonds, linked to the ordinary shares of Alibaba Health Information Technology Limited (HKEX: 00241). The private placement is aimed at certain non-U.S. investors under Regulation S of the U.S. Securities Act…
Arista acquires VeloCloud SD-WAN business from Broadcom
Arista Networks has acquired the VeloCloud software-defined wide area network (SD-WAN) business from Broadcom, the companies announced, marking a strategic move as network architectures shift toward AI-optimized, distributed environments. VeloCloud, originally acquired by VMware in 2017 to expand its network virtualization capabilities, changed hands following Broadcom’s blockbuster takeover of VMware in 2023. Financial terms of…
Figma files for IPO, reports strong growth after failed Adobe deal
SAN FRANCISCO: Figma, a design software company, has filed for an initial public offering on Tuesday, marking one of the most anticipated market debuts in recent years as it prepares to list on the New York Stock Exchange under the ticker symbol “FIG.” The San Francisco-based company, known for its collaborative design tools, reported a…
Intralot to acquire Bally’s International Interactive business in €2.7 billion deal
ATHENS: Intralot S.A. (ATSE: INLOT) and Bally’s Corporation (NYSE: BALY) announced Tuesday that their boards have approved a definitive agreement for Intralot to acquire Bally’s International Interactive business in a cash-and-stock transaction valued at €2.7 billion ($2.9 billion). The deal, expected to close in the fourth quarter of 2025, will see Intralot pay €1.53 billion…
Grammarly acquires Superhuman to expand AI productivity offerings
SAN FRANCISCO: Grammarly has acquired email productivity startup Superhuman, the latest move in its broader effort to build an artificial intelligence-powered workplace suite, Reuters reported Tuesday. Financial terms of the deal were not disclosed. Superhuman, once an invite-only platform for high-efficiency email communication, was last valued at $825 million in 2021 and generates roughly $35…
Hawkins Inc. completes acquisition of PhillTech LLC
ROSEVILLE: Hawkins, Inc. (Nasdaq: HWKN), a leading water treatment and specialty ingredients company, announced Tuesday it has completed the acquisition of PhillTech, LLC, an Alabama-based manufacturer of coagulants and corrosion control products for water treatment. The acquisition aligns with Hawkins’ strategy to expand its water treatment business. PhillTech has been a long-standing strategic partner of Hawkins,…
Limbach acquires Pioneer Power in $66.1 million deal to expand upper Midwest footprint
PITTSBURGH: Limbach Holdings, Inc. (Nasdaq: LMB), a provider of building systems solutions, announced Tuesday it has acquired Minnesota-based Pioneer Power, Inc. for $66.1 million in a strategic move to strengthen its position in the Upper Midwest market. The acquisition was funded through a combination of cash on hand and borrowings under Limbach’s recently expanded revolving…
AppLovin sells mobile gaming business to Tripledot Studios for $400 million
PALO ALTO: AppLovin Corp. (NASDAQ: APP), a leading marketing platform, has completed the sale of its mobile gaming division to Tripledot Studios in a deal valued at $400 million in cash and an equity stake of approximately 20% in Tripledot’s fully diluted shares. The transaction, initially announced May 7, closed June 30 after meeting all…
WebPros acquires Comet Backup to expand web management solutions
LUXEMBOURG: WebPros, a global leader in web automation and operations software, announced Tuesday the acquisition of Comet Backup, a provider of cloud backup solutions for managed IT services. Financial terms were not disclosed. The deal strengthens WebPros’ portfolio of tools for website management, which already includes platforms like cPanel, Plesk and WHMCS. The company powers…