EC to examine proposed acquisition of Figma by Adobe
The $20 billion deal will be reviewed at the request of 16 EU member states.
The European Commission has decided that it will "assess" Adobe's proposed acquisition of Figma, a company that offers a web-based collaborative tool for product design, Figma Design, as well as a whiteboarding tool, Fi... Read more
Spain urges EU regulators to update telecom rules
Spain's economy minister has spoken in favour of consolidating the telecom market as regulators investigate the proposed merger between two of the country's large carriers, Orange SA and Masmovil Ibercom SA.
“Competition policy has to adapt to the changes that are taking place in the market", ... Read more
Shopify acquires Remix to improve UI design functionality
Shopify acquired open-source tool Remix to provide additional design functionality to customers.
Shopify has made waves in the e-commerce sector. The acquisition of Remix is set to further improve its processes and demand. Remix was designed by co-founders Ryan Florence and Michael Jackson, an e... Read more
Thoma Bravo spends $2.3 billion to acquire ForgeRock
ForgeRock, an identity management service provider, is being acquired by private equity firm Thoma Bravo.
ForgeRock recently caught the eye of Thoma Bravo. The identity management service provider announced that Thoma Bravo bid $2.3 billion for an all-cash buyout. The acquisition amount has skyr... Read more
Dubai’s Starlink ditches IPO plans to merge with Infinigate
Cybersecurity company Infinigate Group announced a merger with Dubai-based cybersecurity firm Starlink. The two will form a new company with projected annual sales of $2.2 billion.
Following the merger, Starlink will operate under the Infinigate Group banner. The acquisition follows Infinigate'... Read more
Vodafone UK in merger talks with Hutchinson
A merger of the two companies would give them the largest network in the UK.
Vodafone is in talks with CK Hutchison about merging their businesses in Britain, according to a report in Reuters. The merger would create a market-leading mobile network that could accelerate the deployment of 5G serv... Read more
Schneider Electric to acquire Aveva in $11 billion deal
Schneider Electric, a French industrial conglomerate, announced the acquisition of British software developer Aveva, proposing £31 per share in a deal valued at £9.48 billion (nearly $11 billion).
Schneider Electric said its offer represents a 41 precent premium on Aveva's share price of £21.... Read more
Sage teams up with point-of-sale provider Square
Sage announced a partnership with Square. The partnership aims to integrate Sage's accounting solutions and Square's point-of-sale (POS) systems to assist small businesses in making payments using Square.
The new, joint application for Sage customers is available in the Sage marketplace. Transac... Read more
FTC investigates Amazon’s acquisition of One Medical
Amazon wants to acquire One Medical for $3.9 billion, but the FTC is investigating the deal before agreeing to move forward.
Amazon recently announced the $3.9 billion acquisition of One Medical. The Federal Trade Commission (FTC) has requested Amazon for further data as they investigate the ac... Read more
Accenture scales up sustainability by acquiring Carbon Intelligence
The acquisition marks the fifth sustainability-centered acquisition of Accenture since 2021. Carbon Intelligence is a carbon and climate change strategy consultant. The acquisition price is unknown.
Carbon Intelligence is based in London and specializes in innovative technologies and strategies... Read more