Markets

Twilio surges 9% after it agrees to acquire Segment for $3.2 billion

Twilio surged to record highs on Monday after it agreed to acquire Segment for $US3.2 billion in an all-stock deal. “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said. The deal is expected to close in […]
Twilio surges 9% after it agrees to acquire Segment for $3.2 billion
Markets

Nvidia surges 8% after agreeing to acquire Arm for $40 billion

Nvidia surged on Monday after it agreed to acquire UK-based Arm Holdings for $US40 billion. The acquisition will give Nvidia a solid footing in the smartphone space, given that the popular Qualcomm Snapdragon mobile chip is built on Arm architecture. The deal is expected to be immediately accretive to adjusted […]
Nvidia surges 8% after agreeing to acquire Arm for $40 billion
Markets

Airbnb declines takeover by billionaire investor Bill Ackman’s ‘blank-check’ company, report says

Summary List Placement Airbnb declined a merger with Bill Ackman’s record-size acquisition company after early-stage talks, Bloomberg reported on Wednesday. The home-rental giant reportedly told Ackman it prefers entering public markets through a traditional IPO. Still, Airbnb hasn’t completely ruled out a deal despite confidentially filing for an IPO in […]
Airbnb declines takeover by billionaire investor Bill Ackman’s ‘blank-check’ company, report says