Mergers and Acquisitions
Latest
Two years after buying business news site Quartz, Japanese firm Uzabase has sold Quartz to its co-founder and CEO Zach Seward.
AMC Theatres reported total revenue of $119.5M in the third quarter of 2020, a 91% decrease, due primarily to COVID-related theatre closures.
Spotify is acquiring podcast hosting company Megaphone for $235 million to better serve podcast advertisers and publishers.
Online delivery company GoPuff has agreed to buy adult beverage retailer BevMo for $350 million. The company was valued at $3.9B last month.
WWE & the WWE Network report big revenue increases, Under Armour is selling MyFitnessPal and Google One launches a VPN subscription service.
Beauty box company IPSY is acquiring beauty box subscription service BoxyCharm. Together the companies will form Beauty for All Industries.
In part 2, we’ll look at food delivery subscription services, Google’s emergeny relief fund for COVID news, pet subscriptions and more.
Nestlé is acquiring meal subscription service Freshly for $950 M with the potential for an additional payout of $550 M based on growth.
Apple gives new iPhone buyers free subscriptions, hotels use subscriptions to lure back guests, and Morning Brew wants Business Insider to buy it.
Quartz is up for sale, Apple said “no, thank you” to Quibi, and GoPro and Bloomberg Media are focused on subscriber growth.
