Japan’s eVTOL pioneer accelerates certification and development with new capital and expanded railway alliances TOKYO: SkyDrive Inc., a leading Japanese manufacturer of electric vertical takeoff and landing (eVTOL) aircraft, announced Friday it has raised ¥8.3 billion in Pre-Series D funding through a third-party allotment. The round was led by MUFG Bank, Ltd., with participation from…
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HKW acquires Electric Equipment & Engineering Co. to expand engineered power solutions portfolio
DENVER: Middle-market private equity firm HKW has acquired Electric Equipment & Engineering Co. (EEE), a longtime manufacturer of engineered electrical power products serving the power, telecommunications and broadband industries. Founded in 1922 and based in Denver, EEE designs and manufactures customized AC and DC power distribution products, including switchgear, generator connection boxes, transfer switches and…
Shift4 acquires Global Blue, expanding global commerce reach
ZURICH: Shift4 Payments, Inc. (NYSE: FOUR), a leader in integrated payments and commerce technology, has successfully completed its acquisition of Global Blue Group Holding AG (NYSE: GB), a leading provider of tax-free shopping and dynamic currency conversion solutions. The deal, valued at $7.50 per share, solidifies Shift4’s position as a global unified commerce provider. The tender offer, which expired…
Olo Inc. to be acquired by Thoma Bravo in $2 billion all-cash deal
NEW YORK: Olo Inc. (NYSE: OLO), a leading open SaaS platform for restaurants, announced Friday it has entered into a definitive agreement to be acquired by software investment firm Thoma Bravo in an all-cash transaction valued at approximately $2.0 billion. Under the terms of the agreement, Olo shareholders will receive $10.25 per share in cash,…
Sia expands European footprint with acquisition of Dutch AI consultancy Precedence
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…
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…