Supermarket flags up rising prices as company prepares auction to choose between rival private equity biddersMorrisons has reported a drop in profits as it warned of rising costs in its supply chain because of coronavirus pandemic disruption and a shor…
Notion acquires India’s Automate.io in push to accelerate product expansion
Notion said on Wednesday it has acquired Automate.io, an Indian startup that builds connectivity and integrations with over 200 services, as the workplace productivity startup looks to accelerate its product expansion to become more compelling for tens of millions of individuals and businesses that are increasingly moving to digital collaborative tools. The San Francisco-headquartered startup, […]
Morrisons in talks with suitors and regulator to begin takeover auction
Supermarket works on basis that offers from US private equity firms CD&R and Fortress are not finalMorrisons has announced it is in talks with both of its US private equity suitors, as well as the UK’s Takeover Panel, which regulates acquisition ac…
Phew! Kwarteng can breathe again as Meggitt race slims down to one
TransDigm was the more problematic bidder but the UK still needs solid assurances from Parker-Hannifin• Meggitt takeover rival pulls outThat’s a relief – especially for Kwasi Kwarteng, the business secretary. TransDigm, by a distance the more problemat…
DigitalOcean enhances serverless capabilities with Nimbella acquisition
As developers look for ways to simplify how they create software, serverless solutions, which enable them to write code without worrying about the underlying infrastructure required to run their applications, is becoming increasingly popular. DigitalOcean announced today that it is enhancing its existing offering in this area with the acquisition of serverless startup Nimbella. The […]
Morrisons and Meggitt tipped for FTSE 100 return as shares surge
Takeover targets expected to briefly re-enter blue-chip index while ITV and Weir Group face demotionThe takeover targets Morrisons and Meggitt look set for a brief return to the FTSE 100 index of blue-chip UK companies, after their share prices were bo…
Ramp and Brex draw diverging market plans with M&A strategies
From a high level, all of the recent deal-making in corporate cards and spend management shows that it’s not enough to just help companies track what employees are expensing these days.
How Cisco keeps its startup acquisition engine humming
Cisco has a rich history of buying its way to global success. And it’s remained quite active, acquiring more than 30 startups over the last four years for a total of 229 over the life of the company.
Morrisons shares driven up as investors bet on bidding war
Analysis: private equity rivals Clayton, Dubilier & Rice and Fortress are leapfrogging each otherMorrisons shares have surged again as investors bet the £7bn price tag on the company could go higher still amid a private equity bidding war for contr…
Let’s make a deal: A crash course on corporate development
If you’re a venture-backed startup at some point it would be wise to generate a return — either get acquired or go public. If you’re going to get acquired, chances are you’re going to spend a lot of time with corp dev teams.