Tech

Uber to acquire alcohol delivery startup Drizly for $1.1 billion

Uber is buying Drizly for $US1.1 billion, the companies said in press release on Tuesday. Drizly has been called the “Uber for alcohol delivery” and marks another step for Uber into delivery apps. Last year, Uber acquired food and grocery delivery startup Postmates for $US2.6 billion. Visit Business Insider’s homepage […]
Uber to acquire alcohol delivery startup Drizly for $1.1 billion
Markets

Slack spikes 32% following reports of potential takeover by Salesforce

Slack rocketed as much as 32% higher on Wednesday after Dow Jones reported Salesforce.com is in talks to acquire the workspace-communications company. Such a deal would likely value Slack at more than the $US17 billion market cap it held before shares jumped. There’s no guarantee the talks will lead to […]
Slack spikes 32% following reports of potential takeover by Salesforce
Tech

Salesforce has reportedly held talks to buy office messaging app Slack

Salesforce has held talks to acquire the workplace messaging firm Slack, The Wall Street Journal reported on Wednesday. The move would signal a more aggressive foray into office-communication software for Salesforce. There is no guarantee that the preliminary talks will lead to an acquisition, the report said. Visit Business Insider’s […]
Salesforce has reportedly held talks to buy office messaging app Slack
Markets

Global M&A plunges to 11-year low as coronavirus fears discourage deals

Coronavirus fears drove global mergers and acquisitions to their lowest level since the financial crisis last week. Worldwide transactions totaled $US12.5 billion, the smallest weekly value since April 2009 per Refinitiv data. The value of global deals dropped 28% to below $US700 million in the first quarter, marking the worst […]
Global M&A plunges to 11-year low as coronavirus fears discourage deals
Tech

Airbnb quietly acquired payments startup Bold Financial Technologies in 2016

Airbnb bought payments startup Bold Financial Technologies in November 2016 in a previously unreported deal, a spokesperson confirmed to Business Insider. Bold aimed to make international payments easier and more secure for large marketplaces like Airbnb and Uber. Airbnb did not disclose the price or terms of the deal, or […]
Airbnb quietly acquired payments startup Bold Financial Technologies in 2016
Tech

Airbnb quietly acquired cloud storage startup Minbox in 2016

In 2016, Airbnb bought Minbox, a tool for syncing files across cloud storage services like Google Drive and Dropbox, an Airbnb spokesperson confirmed to Business Insider. The previously unreported purchase was one of several quiet acquisitions by Airbnb in 2016. Airbnb did not say how much it acquired Minbox for […]
Airbnb quietly acquired cloud storage startup Minbox in 2016