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
Tech

The founders of Harry’s are speaking out after a conglomerate that agreed to buy it for $1.4 billion pulled out of the deal to avoid a government fight

Harry’s has lost its buyer after rival Edgewell, a conglomerate of shaving and skincare companies, pulled out of an acquisition agreement on Monday. Edgewell made the move after the Federal Trade Commission sued to block the acquisition on antitrust grounds last week. The government agency argued that the buyout would […]
The founders of Harry’s are speaking out after a conglomerate that agreed to buy it for $1.4 billion pulled out of the deal to avoid a government fight