You can still be additive in helping fill the funnel of potential acquirers, especially if you've had communication with unlikely acquirers in the past. 6.
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Nonetheless, a few acquirers chose to cast their net overseas.
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Google is one of the largest acquirers of security startups.
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For many acquirers, there is competitive pressure to get involved.
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The acquirers intend to delist the shares, the statement said.
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Acquirers have been giving the gaming startup a long look.
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Has one of tech's most voracious acquirers run off track?
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Both deals are seen to boost the acquirers sports offerings.
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Potential foreign acquirers make a filing for a national security review.
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As a consequence, banks still feature in lists of leading acquirers.
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Others, however, maintain that inflated startup valuations are keeping acquirers away.
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So far Santander has not contacted potential acquirers, the sources added.
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The 2017 AI acquirers' list contains some very well-capitalized buyers.
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Both companies also have been serial acquirers of web hosting businesses.
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Many acquirers pick up companies to help keep their profits aloft.
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Among the potential acquirers cited in the report — Google and … Salesforce?
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The company is one of the largest acquirers of student housing.
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Smelling blood, potential acquirers have been circling the company for months.
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Buzzy startups fall into the hands of foreign acquirers, often American ones.
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Even then, acquirers still often swoop in and make even deeper cuts.
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The explanation is partly that would-be acquirers are awash with cash.
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There also are few deep-pocketed acquirers with interest in the space.
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Acquirers also have continued to snap up autonomous vehicle companies this year.
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The reach of subscription businesses has attracted corporate acquirers in recent years.
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But of all those potential acquirers, Google seems like the best fit.
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These represent competitors and potential partners, or even acquirers, to Geek Plus.
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This type of self-financed debt is the last resort of acquirers.
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Both Logitech and Plantronics have been active acquirers in the past year.
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Slack's growth has made it a darling among investors and potential acquirers.
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That implies that acquirers could could easily boost margins by building scale.
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Until you're in a position of formal exclusivity, keep talking with potential acquirers.
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U.S.-based companies also accounted for all of the 15 most active acquirers.
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Understand what acquirers are looking for and what questions you should be asking.
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However, even transactions involving acquirers with vested interests can experience high execution risks.
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Acquirers have bought gateways; big technology providers have snapped up smaller software firms.
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There are three companies that jump out as both the most likely acquirers.
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Share prices, particularly those of acquirers, tend to slide when mergers are announced.
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S. companies have purchased about four times as many startups as European acquirers.
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It's not easy to get government approval for technology deals with international acquirers.
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It has also talked to potential acquirers, including Spotify, without closing a deal.
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Pandora is looking at potential acquirers beyond SiriusXM as of Wednesday, sources told CNBC.
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Financial acquirers, like PE firms, care a great deal more about revenue and growth.
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There are plenty of reasons why acquirers could be spending more freely this year.
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The market has punished recent acquirers, including Concho, which bought RSP Permian last year.
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That may lead acquirers to move quickly, but not necessarily for the right reasons.
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Setting 227 apart was the willingness of potential acquirers to approach their targets unsolicited.
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Acquirers, as one analyst puts it, only want the family silver, not the dross.
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Investing in companies under pressure from activists or acquirers is not new to Smith.
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Specifically, they'll be looking for both acquirers and institutions ripe to be taken over.
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At least one deal hurdle — Washington's examination of foreign acquirers — has been pre-empted.
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For example, they were early acquirers of works made by inmates in Texas prisons.
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As it grew, Slack also attracted potential acquirers such as Microsoft, Google and Amazon.
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Payments currently run through links between banks, card networks and payments acquirers like Worldpay.
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That compares with a 29 percent premium paid by American acquirers in comparable deals.
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It also helps to have a good amount of operational knowledge about potential acquirers.
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Meanwhile, Cfius, which focuses on national security, is looming large for foreign acquirers of assets.
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She batted away the idea of Facebook or other social media companies as potential acquirers.
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Clients: Citi, Credorax, SafetyPayFeedZai offers AI-powered fraud prevention services to banks, acquirers, and merchants.
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The investment bank has also reached out to potential corporate acquirers, say two people familiar.
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So the real question is whether advertisers and investors and potential acquirers will play along.
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Collectively, it should be mentioned, these acquirers shelled out about $4 billion for the startups.
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In addition, companies like AOL, IBM and Yahoo were also among the acquirers, CB said.
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Many of those larger companies have become active acquirers, fueling VC interest in the space.
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ADT said it solicited proposals from 24 potential acquirers, but no alternative transactions were proposed.
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Other companies have been tweaking their deals with Chinese acquirers lately after U.S. government pushback.
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Grandet specifically cited Molson Coors and private equity firms as potential acquirers for Boston Beer.
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It ended up saddling some of its acquirers with crippling losses that necessitated government bailouts.
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It wasn't long before would-be acquirers came knocking on Spiegel's door to buy Snapchat.
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Since 2018 non-profit hospitals have been the acquirers in three-quarters of the transactions.
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They are eager acquirers of companies, often boutiques that give them skills they cannot develop internally.
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"I always was interested in things like this," he said on "The Acquirers," an investing podcast.
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They also set the complex rules by which the issuers and acquirers they licence must abide.
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Companies dubbed "gateways" now act as multi-socket adapters, connecting acquirers to morphing e-commerce firms.
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Twitter shares plunged 27 percent in the past two weeks as potential acquirers withdrew their interest.
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Those units have already seen interest from potential acquirers, The Wall Street Journal reported on Thursday.
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Lyft solicited other potential strategic acquirers before opting for the new funding round, said The Information.
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For American acquirers delivering credit-and-debit-card acceptance to merchants, offering Alipay too is compelling.
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Siggi's is not the first yogurt brand to tap the interest of corporate acquirers this year.
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There could, perhaps, be more costs to squeeze out – it's common for acquirers to lowball them.
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Or are there structural shifts occurring that explain acquirers' wariness to shell out for big purchases?
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Given its $17 billion market cap, the list of potential acquirers is not a long one.
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The researchers also studied the performance of acquirers before and after they had made a purchase.
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Brazil's largest card acquirers include Cielo SA, Redecard SA, GetNet, PagSeguro Digital Ltd and StoneCo Ltd.
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It's also reported to have attracted the attention of some deep-pocketed potential acquirers, including Amazon.
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And with these billion dollar deals come lucrative fees for services like EY that advise acquirers.
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While newcomers are joining the unicorn board, longstanding members are going public or selling to acquirers.
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In some cases, acquirers and public markets are insisting on a discount from prior private valuations.
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In the past decade, Chinese companies have been some of the leading acquirers of technology companies.
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So from my point of view, every market, up market, down market, flat market, we're acquirers.
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Potential acquirers, meantime, may be weary of walking into a still on-going public relations mess.
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The outcome of AT&T's purchase of Time Warner is being keenly watched by potential acquirers.
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Airbnb has been one of the most active acquirers among highly valued venture-backed tech companies.
|
|
It's also clearly impacting Twitter's business — abuse has driven away numerous celebrity users and even potential acquirers.
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|
While acquirers are doing bigger deals, they don't appear to be buying a larger number of startups.
|
|
Large-cap acquirers seem willing to pay retail price for startups they like, given the competitive environment.
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|
And potential acquirers Allergan and Merck have sniffed around, according to the Wall Street Journal on Tuesday.
|
|
The acquirers' shares underperformed the market (see chart) and those of rival firms in the same industry.
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|
In addition to attracting savvy investors, digital assistant and AI bot startups also hold appeal for acquirers.
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Acquirers, meanwhile, kept up a decent dealmaking pace, but didn't do a lot of really big deals.
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|
All are enthusiastic acquirers of AI firms, often in order to snap up the people they employ.
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So when you talk about high-valuation companies, I think it's unrealistic for banks to be acquirers.
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Non-traditional entrants will also continue to move into the sector through partnerships and as potential acquirers.
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|
Thus, it's not hard to envision popular politically-focused startups in the space attracting attention from acquirers.
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|
Even if the software was ahead of the game, they faced long certification queues at many acquirers.
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|
Nashville-based Envision has asked potential acquirers to submit final offers later this month, the sources said.
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As the number of devices grows rapidly, acquirers will step in to strengthen their own security posture.
|
|
The active presence of private equity acquirers points to the potential for bigger exits down the road.
|
|
Other acquirers also will be revisiting their contracts, most significantly the "material adverse change" clauses, or MACs.
|
|
Pfizer has been one of most active acquirers in an otherwise sluggish year for pharmaceutical M&A.
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"For us, it&aposs really three things have to be there," Wenning said on The Acquirers Podcast.
|
|
That could conceivably help force the country's leaders to consider making life easier for foreign would-be acquirers.
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|
Beyond that, new funding can also increase your visibility, attracting the attention of top talent and potential acquirers.
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|
That's a sign of confidence in the sector and also means there are plenty of deep-pocketed acquirers.
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|
Walmart has long been one of the most active acquirers of startups and hasn't slowed down in 2018.
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Xi's reported comment could embolden some potential acquirers in the semiconductor space to explore transactions, corporate dealmakers said.
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Fifth Third's share price slide was "clearly a wake-up call" for other potential acquirers, said Mr Marinac.
|
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Like Lazada, Zalora has been shopped to investors and potential acquirers for some time, our source told us.
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One factor: A $5 million Facebook video deal was not renewed, scaring away other potential acquirers and investors.
|
|
That'll be a change from the usual acquirers of traditional healthcare companies or even tech giants like Amazon.
|
|
Chinese acquirers announced $111.5 billion worth of deals in 2015 from 632 transactions, according to Thomson Reuters data.
|
|
As a result, Veritas has also been in talks with potential acquirers in recent months, said the person.
|
|
Postmates and Qatalyst have also fielded some interest originating from potential acquirers, people familiar with the matter say.
|
|
Large acquirers will even want to look at information like HR policies, pay scales and other human resources minutiae.
|
|
Are acquirers generally willing to pay up right now, or do they expect maturing companies to settle for less?
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|
Strategic acquirers, like Google and Facebook, likely want you for your tech, team or sometimes even your user traction.
|
|
But consumer products companies and other likely acquirers have shown no signs of losing their appetite for the space.
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|
Yet while they're paying handsomely for self-driving talent, investors and acquirers are cognizant of the risks Stallman says.
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|
But in many of these deals private-equity firms have taken the unfamiliar role of companions to corporate acquirers.
|
|
The dealmaking is particularly good news for investors in consumer packaged goods, where big acquirers have yet to materialize.
|
|
Playfish sold to EA. Both acquirers shut down the titles and laid off the staff within a few years.
|
|
Twitter is trading 2800 percent below its 22.66 IPO price as potential acquirers consider whether to make a bid.
|
|
The unpredictability often lies within who the acquirers will be and from which industries, histories or geographies they originate.
|
|
And every dollar its stock declines only makes it more of a target for potential acquirers or activist investors.
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|
I've done a bit of reporting, trying to talk to other potential acquirers about whether they'll make a bid.
|
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Elliott added it intended to communicate with other shareholders including potential acquirers, service providers and financing sources for Akamai.
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The state of the unicorn Public markets are riding high, and many big tech acquirers are flush with cash.
|
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He added that acquirers may also be waiting on the sidelines to see what happens with proposed tax reforms.
|
|
In particular, Jack Dorsey, Twitter's chief executive, is resistant to selling to some of the potential acquirers, they said.
|
|
SunEdison could not afford the deal, instead resorting to debt instruments that is usually the last resort of acquirers.
|
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And it's a pretty small group of potential acquirers, a handful compared to the reported three dozen expressing interest.
|
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Bumble claimed Match then filed a lawsuit against it to make Bumble appear less attractive to other potential acquirers.
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Bumble says Match Group filed its original lawsuit against it to make it less attractive to other potential acquirers.
|
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There may be a conversation worth having, but the obvious acquirers for Sprint may well keep the company waiting.
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He's a six-time serial entrepreneur whose sold telecom companies to acquirers like American Tower, Sprint and National Grid.
|
|
Breaking this down further: 28 have raised capital from U.S.-based VC firms or exited to U.S.-based acquirers.
|
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Nothing has been confirmed yet, but potential acquirers may be looking for the expertise of the cybersecurity company's CEO.
|
|
That&aposll be a change from the usual acquirers of traditional healthcare companies or even tech giants like Amazon.
|
|
All this back-and-forth with potential acquirers comes amid signs that Postmates could have trouble on Wall Street.
|
|
Twitter was courted by a number of potential acquirers earlier this year, including Salesforce, but talks ended without a deal.
|
|
In each case talks fell through, as Osterhout was convinced that his company was being undervalued by the prospective acquirers.
|
|
In about 17 percent of the cases, activists were able to get better terms for the acquirers in the deal.
|
|
These newer segments will create new opportunities, which in turn will bring new attention by new and traditional acquirers alike.
|
|
Chinese companies are no longer viewed as viable acquirers due to concerns that the deals could be blocked by CFIUS.
|
|
For the founders of U.S. tech start-ups, getting cozy with Chinese acquirers and investors can make good business sense.
|
|
As for the mattress business, Target's reported pursuit of Casper seems to indicate large-cap acquirers see value in newcomers.
|
|
But this does not make them good deals, and this does not relieve the Chinese acquirers of their profit obligation.
|
|
China's life insurance sector could prove more attractive to foreign acquirers, given the industry's low penetration rate and growth potential.
|
|
Bloomberg's sources say that Amazon is going up against other potential acquirers in purchasing the business from Wagner/Cuban Cos.
|
|
An industry downturn with its epicenter in China has, however, put the company on the defensive as potential acquirers circle.
|
|
In the meantime, expect other big acquirers to join them in failing to make good on their corporate-finance calculus.
|
|
In large part, these acquirers succeeded in terminating or renegotiating their deals, with many coming to litigation over the matter.
|
|
The lack of targets with adequate scale beyond Somos is forcing other acquirers to snap up schools or grow organically.
|
|
In the meantime, expect other big acquirers to join them in failing to make good on their corporate finance calculus.
|
|
Unsolicited deals can be a sign of excessive risk-taking, and can leave acquirers stuck with assets they don't understand.
|
|
In large part, the acquirers succeeded in terminating or renegotiating their deals, with many coming to litigation over the matter.
|
|
You'll want to develop relationships with key people at potential acquirers, whether through a formal collaboration or just regular communication.
|
|
Smith declined to say if other bidders emerged, but he said that throughout the company's history potential acquirers have constantly circled.
|
|
People familiar with the company say that move removed a crucial source of revenue and scared away potential acquirers and investors.
|
|
Renesas has said it isn't worried, pointing to a lack of product overlap, but acquirers never express concern on announcement day.
|
|
Twitter's live streaming efforts with companies like the NFL and its own Periscope platform have reportedly sparked interest from some acquirers.
|
|
But rising pressure on Petrobras to cut fuel prices, sparked by the truckers' protest this week, has worried some potential acquirers.
|
|
The tech giants have been avid acquirers: Alphabet, Amazon, Apple, Facebook and Microsoft spent a combined $31.6bn on acquisitions in 2017.
|
|
That said, acquirers are snapping up early-stage companies at a decent clip, with some big tech players entering the fray.
|
|
Stada had opened its books to potential acquirers after coming under pressure from its largest shareholder to consider various takeover approaches.
|
|
Zvooq also says the move by Yandex coincided with its plans for a major transaction, scaring off potential investors or acquirers.
|
|
Founders can handwave past many VCs, but acquirers will be much more focused on your gross profitability rather than grand visions.
|
|
Monday's rules would clamp down on serial acquirers, including inverted companies who then purchase a number of United States-based targets.
|
|
In other words, acquirers can arbitrarily decide to reserve more of the purchase price for management than the cap table dictates.
|
|
Almost half of the acquirers had 50 or fewer lawyers and focused on absorbing firms in the same city or state.
|
|
The issue seems to be that potential acquirers may want either the licensing business or the products business, but not both.
|
|
In fact, many potential acquirers will look at a startup's margins before they even consider metrics like EBITDA or net income.
|
|
And we're gaining recognition by investors and acquirers, with China investing 9x more in Europe than in North America in 2017!
|
|
Mr. Gardner said that Pearl held talks with several potential acquirers in the automotive industry but could not reach an agreement.
|
|
Bloomberg LP delivered $10 billion in revenue in 2018, making any sale a sizable transaction, reducing the number of potential acquirers.
|
|
Potential acquirers could include Burger King-owner Restaurant Brands International or the owner of Buffalo Wild Wings, private equity firm Roark.
|
|
Zuckerberg's announcement kicked up anxiety at Meetup and prompted the company to start seeking new investors or acquirers, several former employees said.
|
|
"There would be way fewer strategic [acquirers] that could acquire us then," said MVMT co-founder and chief operating officer Kramer LaPlante.
|
|
Corporate acquirers have both longer time horizons and the opportunity to extract savings from "synergies", ie, by streamlining and combining overlapping functions.
|
|
Investors and acquirers have put billions into the space over the past couple of years in the race for early mover advantage.
|
|
In fact, at the end of 2016, non-tech acquirers became more common than tech companies in deals for $1 billion+ startups.
|
|
Qatalyst bankers go out and talk to a bunch of would-be acquirers and would-be investors but don't find a deal.
|
|
For example, acquirers provide insurance: they repay customers who, say, have bought tickets from an airline that goes bust before they fly.
|
|
It helps that the volume of transactions, on which acquirers levy a fee, is rocketing, propelled by voracious spending in emerging economies.
|
|
Potential acquirers are likely to include major food and consumer products groups, such as Nestle, Pepsico and Reckitt Benckiser, the sources said.
|
|
In addition to being one of the biggest acquirers in biotech of late, the company has also been an important strategic investor.
|
|
"It's going to drive acquirers into the U.S. from Europe," and that's likely to play into the hands of Wall Street banks.
|
|
Over the past year, many deep-pocketed acquirers have delayed implementing strategic plans, of which M&A is often a big component.
|
|
Boston-based Tesaro has long been seen as a potential takeover target, with other suggested acquirers in the past including Switzerland's Roche.
|
|
Chinese acquirers are filing more transactions with CFIUS and, like transactions from all other countries, a vast majority of them pass muster.
|
|
There is plenty of advice on how to get acqui-hired and, incredibly, even a marketplace for helping you find potential acquirers.
|
|
Other mid-tier Australian miners, Evolution Mining and Northern Star Resources have also been touted by analysts as acquirers of miners overseas.
|
|
"We expect broad interest from potential acquirers," Chief Executive Ian Read said on Tuesday after the company reported its third quarter results.
|
|
In the past, a three-rating has been an effective bar on doing deals, keeping many would-be acquirers on the sidelines.
|
|
Mr. Buffett singled out a driver of the acquisition boom: Acquirers could borrow money at low interest rates to finance their deals.
|
|
"It has worked so well that I think all sorts of acquirers could be salivating over this company at these levels," Cramer said.
|
|
Visa is working with banks, building societies, merchant acquirers and card providers to return to a normal service and will provide regular updates.
|
|
Acquirers in similar auctions in Italy and Spain have included Pimco, Fortress, Cerberus, Apollo Global Management, Anacap Financial Partners and Bain Capital Credit.
|
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It's like a coin offering, without the upside, and without any legal ramifications, because there's actually nothing of value that acquirers are buying.
|
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Websites and apps can upgrade their software daily; acquirers might do so every quarter or two, says Chris Jones of PSE, a consultancy.
|
|
Goldman had historically avoided putting its balance sheet to work to support deals because the bank usually represented acquisition targets rather than acquirers.
|
|
Larger B, C and D rounds are hard to find in the region, and local acquirers that anchor an entrepreneurial ecosystem are limited.
|
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Neos will work with investment bank Jefferies LLC to explore its options and discuss a deal with other potential acquirers, the sources said.
|
|
U.S. tech companies continue to be the most active acquirers in the world, says a new report from Crunchbase and Mind the Bridge.
|
|
Global Payments and TSYS have been active acquirers in recent years — looking to build up in-house technology and expand their customer bases.
|
|
Rumors are swirling about potential acquirers for Twitter right now, but meanwhile the company is still seeing departures in some key staffing areas.
|
|
It may not be the desired ending for Pebble, which is said to have had early stage conversations with other potential acquirers before.
|
|
Some analysts also expect the drop in the pound to make British mid-cap companies cheaper and more attractive for potential overseas acquirers.
|
|
Twitter has told potential acquirers it wants to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct.
|
|
And Chinese acquirers routinely bid far more on a multiple of EBITDA (earnings before interest, taxes, depreciation, and amortization) basis than is prudent.
|
|
Despite that high-purchase profile, it's one of the more mysterious Chinese acquirers, as the leadership at the company is unclear to outsiders.
|
|
Despite the price tag, the deal was well-received, suggesting that we might see more acquirers paying a premium for the right target.
|
|
The combination would have Callon relinquish its status as a Permian Basin pure-play, Paulson said, making it less attractive to potential acquirers.
|
|
Perhaps now, with Twitter shaping itself up a little better and making more incremental changes, it looks more attractive to its original acquirers.
|
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Last year Chinese acquirers paid a total of €9.1 billion ($10.4 billion) across 35 deals for German targets, according to data from mergermarket.
|
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Founders also bring an emotional investment and creative élan to self-named companies that many corporate acquirers struggle to recreate, Ms. Brown said.
|
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Reuters reported in June that Chinese banking regulators were concerned about high-profile acquirers, including Anbang, Dalian Wanda, HNA and the Fosun Group.
|
|
One thing that could favor this trend, they say, are lower deal prices driven by moderating growth in corporate earnings by potential acquirers.
|
|
The Merchant Services Industry ExplainedMSPs sell payment processing services to merchants on behalf of acquirers and processors, but they are not actual banks.
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Potential acquirers include Telefonica Brasil SA, the country's largest telecom company, and Access Industries, which already has a 13 percent stake, the sources added.
|
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"You will see new names coming up, especially from the private sector, while in the past we only had some serial acquirers," he added.
|
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The idea, says managing director Thiago Olson, is to ensure Engage's portfolio companies have as many potential partners, as well as acquirers, as possible.
|
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The acquisition of the parking operators was opportunistic, according to a source, who adds that the companies were also talking to other possible acquirers.
|
|
So far this year, acquirers have spent just over $22018 billion in disclosed-price purchases of U.S. VC-funded companies, according to Crunchbase data.
|
|
The buyers likeliest to do well, Mr Sweeny believes, will be acquirers that cut their teeth on smaller deals before taking on larger ones.
|
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This is because many of the larger banks, traditional acquirers of other banks, are capital constrained, making it more difficult to fund sizeable deals.
|
|
Although Suntrust's Robert Peck doesn't see Twitter getting bought, he put together a list of most likely acquirers because his clients asked him to.
|
|
The two potential acquirers have exchanged retorts about the viability of Origin's offer since the privately held company proposed to acquire Affymetrix last week.
|
|
Still, the Petrobras process has stalled as acquirers wait for a decision by Odebrecht about a possible sale of the 38 percent it owns.
|
|
The share of global deals by European acquirers fell from a third before the financial crisis to a fifth after it (see chart 20153).
|
|
In 215, acquirers snapped up five tech unicorns at prices that were higher or about the same as their private valuations (here's the list).
|
|
Returns on the acquirers' stocks were calculated through April 2016 and were compared with the performance of the Russell 3000 index over the period.
|
|
In addition to looking for acquirers, Bove said focusing on geography has worked well, with banks in the Southwest and Midwest performing especially well.
|
|
While expenses are also declining, it is not nearly enough to offset what is a troubling landscape that Yahoo is painting for possible acquirers.
|
|
A person close to the company said Brit + Co was in constant talk with possible acquirers, but also frequently maintained a thin cash cushion.
|
|
While an older startup like Warby Parker fits the mold, its valuation north of $1 billion means the pool of potential acquirers is small.
|
|
Traditionally, the acquirers of venture-backed startups have been other, independent companies in the same industry, whether they are established players or other startups.
|
|
The deal talks highlight the opportunity potential acquirers see in improving Papa John's technology and scaling up in a still fragmented pizza chain industry.
|
|
"It's pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus," the "Mad Money " host said.
|
|
EVO said in its IPO filing that it competes with independent merchant acquirers and payment processors including First Data, Global Payments, Vantiv and TSYS.
|
|
It has a sizable user base, but little to no revenue —a stage where consumer companies often get serious interest from would-be acquirers.
|
|
Immediately following Yahoo's acquisition, we undertook a lengthy, multi-month process to seek assurances from Yahoo and its acquirers with respect to those factors.
|
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And with that dramatic a stock price drop, that also led it to be a more palatable target for larger acquirers like Microsoft and Salesforce.
|
|
The study looked at about 6,000 acquisitions by European and U.S. companies since 2012 and found that U.S. acquirers completed 82 percent of the deals.
|
|
Other technology deals with Chinese acquirers are awaiting CFIUS approval, including China's Unic Capital Management's $580 million acquisition of U.S. semiconductor testing company Xcerra Corp.
|
|
Among the respondents, 60 percent said that U.K. businesses would be less attractive to overseas acquirers in the short term if Britain votes to leave.
|
|
And unlike with Sprint, there are no natural acquirers of WeWork — certainly not at a price that would put SoftBank's $18.5 billion investment above water.
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Back in March, Recode reported that delivery startup Postmates had hired Qatalyst, the famed Silicon Valley investment bank known for helping internet companies find acquirers.
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It is not only strategic acquirers looking at deals but all the dollars the private equity firms have now, and corporate venture arms as well.
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Eventually, Peck told CNBC's "Squawk on the Street" earlier in July, logical acquirers include large media or data companies such as Google, Facebook, or Apple.
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Record-low interest rates this year may favor financial acquirers such as buyout firms instead of strategic investors and M&A deal financing, Miranda added.
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Marketers need direct responses in the form of trackable sales, leads, downloads and installations as quickly as possible to satisfy impatient investors and potential acquirers.
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Some are currently trading at below book-market valuations, but potential acquirers would also need to consider the extent of these off-balance-sheet activities.
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Should Origin's offer reopen the bidding process, other potential acquirers could be drawn into the process, Leerink Partners analyst Dan Leonard wrote in a note.
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One suggestion therefore being that Opera's ad-blocking push might in fact be an attempt to provoke its potential acquirers and perhaps sabotage the deal.
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The firm has maintained its dominance by becoming one of the tech industry's most active acquirers, buying other services that might have lured users away.
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"The more acquirers in the marketplace, the better," said DeVoe, who said he is now fielding calls from private equity investors every week or so.
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CHX has been looking for acquirers and earlier this month said in a statement that it was exploring "strategic alternatives" which could include a sale.
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The sale of Anadarko could likely change that for potential acquirers, including ConocoPhillips and Occidental Petroleum Corp, the two largest U.S. independents behind the majors.
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Tegna — Shares of the media company plummeted more than 255% after the company announced that the coronavirus crisis led two potential acquirers to end discussions.
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According to Retail Dive, the top acquirers include Sycamore, Leonard Green, Feeman Spogli, Golden Gate Capital, Sun Capital, Bain Capital, Ares, Apax Partners, and Apollo.
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It is also connecting startups with channel partners and corporations that may become clients, or eventually, acquirers or investors like Airbus, Boeing, or Northrop Grumman.
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CFIUS, which reviews deals by foreign acquirers for potential national security risks, is looking into ByteDance&aposs $1 billion acquisition of social media app Musical.
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Cerberus Chief Executive Stephen Feinberg also considered a bid for Remington to stoke interest in the gunmaker from other potential acquirers, Reuters reported in 2012.
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Until a few years ago, explains Ali Farid Khwaja of Autonomous, an investment-research firm, acquirers in both America and Europe had to have banking licences.
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The dollar has "strengthened considerably year-to-date, which is increasing the cost of funding for a number of potential acquirers from the region," Biller said.
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AX until it finds a buyer, the TV broadcaster's administrator said, adding that there had been "quite a number" of expressions of interest from potential acquirers.
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Second quarter inbound deals into the U.K. plummeted by more than half from the first quarter, amounting to just $13.1 billion as foreign acquirers delayed transactions.
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But greater activism might not imply that all deals involving chips or Chinese acquirers are doomed, says Joseph Falcone, from Herbert Smith Freehills, a law firm.
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Where banks can be acquirers, and this is what we've seen, is where you have a company valued at $60 million, maybe a $100 million, etc.
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Britain's vote to leave the European Union, uncertainty over the American presidential election and a fall in equity-capital raising may have discouraged would-be acquirers.
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Beyond well-documented economic and political risks, there is another obstacle that foreign acquirers often overlook that is especially pronounced in Sino-Western deals — cultural risk.
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While Cisco is known as one of Silicon Valley's most aggressive acquirers, Jasper marks only the seventh billion dollar plus deal since 2000, according to FactSet.
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Factoring in all of the fees collected when a credit card is swiped, those acquirers, like Vantiv, get 2 to 8003 percent of the total transaction.
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"We talked to a lot of more conventional acquirers but ended up working with Tiny because of their strong values in design and community," Schmidt explained.
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But Cramer wouldn't recommend shorting Wayfair either, because any fundamental decline in the stock price could attract potential acquirers to take over the e-commerce giant.
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The U.S. company has signed non-disclosure agreements to share confidential information with other potential acquirers, including Pfizer and Amgen, sources told Reuters earlier this month.
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Credit Suisse said the plan increases the "possibility of strategic investment or acquisition" in the near term and that "potential investors or acquirers" include China or Intel.
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It's recouped most of its value, thanks largely to the big premiums that acquirers agreed to pay, but is still down more than 227 percent this year.
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Binding acquisition offers are due in the next two weeks, and Twitter has already whittled down the field of potential acquirers, the people said this week. Salesforce.
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"With respect to acquirers, I want to point out that Texas Instruments has been probably the one large company that hasn't done a deal yet, " Caso said.
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I haven't seen that play out in the numbers yet, but I would be long on fintech in London just because of all of the local acquirers.
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Potential acquirers include Telefonica Brasil SA, the country's largest telecom company, and Access Industries, which already has a 30 percent stake in Nextel Brazil, the sources added.
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I'm not saying that Blue Apron's IPO rumor is merely bait for potential acquirers, but let's not rule out the possibility that it might intrigue a suitor.
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That said, corporate acquirers did make a few big Q20193 purchases, snapping up VC-funded companies in sectors ranging from medical devices to enterprise software to beverages.
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One set of potential acquirers are corporations that aren't yet in the particular market in which the startup is operating but are in related ones, Thorne said.
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The country was again the top target in Asia for both domestic and foreign acquirers and accounted for 46 percent of all deals targeting an Asian company.
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That's particularly interesting given that the company's headquarters is in Mountain View, California, and a lot of Valley acquirers prefer to roll acquisitions into their existing offices.
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Acquirers using the highest percentage of stock underperform industry peers by 3.3 percent one year after the deal is done and by 8.1 percent after three years.
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Tobias Carlisle, the founder and portfolio manager of The Acquirers Fund — a long/short deep-value exchange-traded fund — thinks Netflix's stock could get cut in half.
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"We expect that any such review, to be considered truly comprehensive, will be conducted with shareholder input and will include full engagement with interested acquirers," it said.
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A company can use a shareholder rights plan – also known as a "poison pill" provision -- to prevent a hostile takeover, and make its shares unattractive to acquirers.
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The certainty of hard cash generally beats the fluctuating value of a stock offer, and there is no risk of financial acquirers running afoul of competition regulators.
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Reuters reported the company has not received any formal expressions of interest from potential acquirers a day after buyout reports sent the stock up more than 252 percent.
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There had been rumors that Birchbox had courted Walmart (WMT) and QVC (QRTEA) as possible acquirers in 2017 but that the talks did not lead to a deal.
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O, a U.S. data analytics software company, has hired a financial adviser after receiving expressions of interest from potential acquirers, sources familiar with the matter said on Thursday.
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The London-based startup offers its products to payments players like banks, e-commerce companies, and merchant acquirers (financial institutions that maintain a merchant's account to accept payments).
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"It leaves the option on the table, whereas Bunge management previously had been resistant to being acquired or even wanting to discuss that with potential acquirers," Goldstein said.
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Antares Capital, a lender to medium-sized corporate acquirers, dominated its market before it was bought in 2015 by Canada Pension Plan Investment Board (CPPIB) for $12 billion.
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The likely acquirers will include traditional vulnerability management vendors, security services vendors, fintech companies, and insurance companies, Gonzalez, a partner at Momentum Cyber, a cybersecurity advisory firm, said.
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Investors, employees, prospective acquirers and others should see a more immediate impact from tax code changes, which could, in turn, affect their decision-making in startup-related matters.
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As we've previously stated, we know of multiple buyers who would be interested, and we believe these potential acquirers would be eager to participate in such a process.
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Additionally, acquirers and entrepreneurs alike are re-focusing on novel chemistries — from new small-molecule discovery platforms to "biologicals" that provide alternatives to traditional crop and soil products.
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The scale of China's larger banks could be a constraint for potential acquirers, and it is not yet clear how the strategic benefits would compare against the costs.
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Even as Brazil braces for the longest and deepest recession since 1901, bargains are scarce, BTG Pactual's Gonçalves said, pointing to the multiples paid by acquirers last year.
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Tesaro is not actively exploring a sale, the people said this week, noting that there is a significant gap over the company's valuation between Tesaro and potential acquirers.
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LHC3 is the holding company set up by the acquirers to buy AFB, which includes plans to issue seven-year senior secured PIK toggle notes totalling EUR575 million.
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If you're considering the M&A path for your company, my advice would be to start developing senior relationships at a number of these non-traditional acquirers today.
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Startups like Climate Corporation, Trunk Club, and MyFitnessPal have given these acquirers an edge in emerging categories, bringing in fresh talent, modern technology stacks, and new business models.
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Years ago, Lanng said, the LinkedIn and PayPal entrepreneur told him that companies should never sell if they think their long-term market is bigger than the acquirers.
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Germany has reacted to last year's foreign dealmaking frenzy by raising the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries.
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"Often there's no one on the board who can oppose the president," said Nobuo Sayama, a former investment banker who has advised both Japanese acquirers and foreign targets.
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If the speculations are correct, Ms Redstone's deal, which has long seemed inevitable, may also prove an inadequate defence against potential acquirers with a lot more financial firepower.
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Some acquirers brushed off the political uncertainty, and often got around disagreements over the cash value of a company by using their stock as currency to pay for deals.
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If such a pattern continues, we can expect to see potential declines in valuations for technology companies, which will no longer have deep-pocketed Chinese buyers as potential acquirers.
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Investors would understandably like the company to be sold, but all the would-be acquirers were chased away by the toxic users who have marred the service by association.
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The targeted deals are likely to be those that use stock as currency and those with acquirers that have a track record of poor returns on their invested capital.
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With acquirers better able to utilize existing tax offsets, startups should benefit from higher purchase prices from the inclusion of NOL balances in valuations, helping founder and VC returns.
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Twitter lost bids from two potential acquirers because of the site's reputation for allowing bullying, trolling, racism, sexism and other forms of lewd communication, according to a Bloomberg report.
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The spectre of Yelp and Groupon are interesting, given these seem like they would be obvious competitors or potentially acquirers, along with the likes of Amazon or even Facebook.
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But administrator KordaMentha said last month that they plan to financially support the network, adding that there had been "quite a number" of expressions of interest from potential acquirers.
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This has also meant that Razorpay is attracting the attention of companies that are interested in doing more payments business in India, both as partners and as potential acquirers.
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The report cites Amazon and Toyota as potential acquirers, and notes that this would signal a big retreat from robotics, a field beloved by former Google executive Andy Rubin.
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An examination of the most significant deals pending provides a nice lesson not only in how hostile takeovers work but in how would-be acquirers often make common mistakes.
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What to watch: The top acquirers of cybersecurity firms will likely be big tech companies like Symantec, Cisco, Microsoft, and Raytheon, which have been snatching up cybersecurity startups lately.
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The three-year-old company is younger than most other potential acquirers but has also amassed venture funding, debt financing, and a valuation more common of much older companies.
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It's not unusual for acquirers, whether they are large, independent enterprises, other startups or private equity-backed conglomerates, to pay for their purchases with shares of their own stock.
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A total of 601 announced deals marked the most active first nine month period on record for Chinese acquirers, compared to 441 deals in the same period in 2015.
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Vantiv and Worldpay are "merchant acquirers": companies that have contracts with sellers of goods and services, and licences from credit- and debit-card companies, to accept and process card payments.
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All four of the acquirers have released their own apps already, but buying Pocket Casts should give them another way to become more involved in distribution and reach listeners directly.
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"With deals being struck at higher multiples, and buybacks executed at higher prices, acquirers have underperformed this year, and share buybacks have lagged for over two years," the note said.
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As Chasen, who sadly declined to divulge the purchase price, told me, the company talked to a number of potential acquirers after it launched its mapping SDK earlier this year.
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"In the past, many Chinese acquirers assumed that they would need to take full control of, or at least strongly influence, the management of an acquired business," said the report.
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For smaller companies, trying to find a buyer could prove more difficult as acquirers remain cautious due to high levels of investment these require to generate growth or become profitable.
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In the past three months, shares of Twitter have rallied nearly 45 percent driven by M&A reports, which pointed to Salesforce, Microsoft, Alphabet, Disney, among others, as potential acquirers.
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Another set of potential acquirers are private equity firms, which have had increasing amounts of capital at their disposal and have become increasingly active in buying up startups, he said.
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And a third Israeli company in the space – EverCompliant – offers a range of solutions that give acquirers and PSPs the necessary relevant information to check ongoing and newly boarded merchants.
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One of the best ways to create value is to break up a business into separate public companies that are easier for investors to understand and potential acquirers to digest.
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The company is still dealing with slow user growth and revenue problems, and just went through a month-long process where numerous possible acquirers took a look at the company.
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The variety of these possible acquirers, though, underlines peculiar quandaries that have dogged Twitter most of its life: What exactly is this social network about, and what might it become?
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Bill Gates is adding his heft to the trucking startup Convoy, injecting his cash into a company that is already winning interest from other A-list investors and potential acquirers.
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That&aposs partly because it gets harder to scale and raise money in later rounds, and partly because acquirers are more interested in buying at lower valuations, according to TechCrunch.
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The downturn, which was triggered in part by concerns about heightened pressure on drug prices, has renewed interest among acquirers in companies with novel drugs that can justify higher prices.
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The bank's decision came days after reports that a Chinese banking regulator had asked domestic banks to examine their exposure to some of China's biggest overseas acquirers, including HNA Group.
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Thompson said ad-supported streaming services and measurement firms would be hot acquisition targets in 2020 and that adtech firms trying to make the pivot to OTT are likely acquirers.
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Over the past five years, U.S. companies have purchased about four times as many startups as European acquirers, according to a new report from CrunchBase and entrepreneurship foundation Mind the Bridge.
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Acquirers have struck $28.4 billion of deals for U.S. companies through April 21.9, the highest level on record and exceeding the $20 billion agreed to through the same period in 2007.
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It helps, too, that Heetch has had its share of interest from acquirers over the years, including — our sources tell us — an approach from one of the world's biggest ridesharing platforms.
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No matter how Boilesen and Wium Lie feel about the prospect of the acquisition closing soon (and their acquirers), it's clear that they have lots of plans for the company's future.
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Simultaneously, the government initiated talks for consolidation of state lenders and has picked big players including Punjab National Bank, Bank of Baroda, Bank of India and Canara Bank as possible acquirers.
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"Navigators does have a lot of structural things that make it look attractive to not just one acquirer but a lot of acquirers," said Paul Newsome, analyst at Sandler O'Neill & Partners.
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The founders shopped the startup around "to pretty much everyone" Goel says, though they refused to name names when I asked if that included natural acquirers like Uber and Google's Waymo.
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And in the realm of national security, the interagency Committee on Foreign Investment in the United States has been actively challenging deals, putting a chill on the ardor of Chinese acquirers.
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Still, Anatel's official mandate only allows it to bar a bidder that already owns an existing telecom operator in Brazil, which is not true of any of the known potential acquirers.
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In addition, future acquirers will be more interested in acquiring your company (and pay a higher premium) because they can more efficiently move your company's intellectual property into their global structure.
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The pain spread to potential acquirers like Broadcom, Intel and Texas Instruments, potential takeover targets like Analog Devices, Integrated Device Technologies and Skyworks Solutions, and in-betweeners like Nvidia and Micron.
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Startups will gladly store, manage and deliver your items What technology is popular with acquirers, helps save enterprises from expensive breaches, and could even curtail the third-leading cause of death?
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The unraveling of the Grindr deal also highlights the pitfalls facing Chinese acquirers of U.S. companies seeking to bypass the CFIUS review system, which is based mostly on voluntary deal submissions.
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Acquirers announced 123 transactions valued at more than $5 billion in 2018, worth a total of $1.5 trillion — a 70 percent increase from 2017 and the second-highest level on record.
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It really hit home for me when my company, Polyvore, went through the M&A process and it suddenly hit me that all the acquirers were not using funny VC math.
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The U.S. is not alone in concerns about foreign dealmaking: Germany, for one, raised the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries.
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All these companies may benefit from the perception that there are natural partners — and potentially acquirers — that they can peel away from Instacart given the complicated relationship it now has with Amazon.
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We put together a list of a dozen undisclosed price M&A transactions this year involving companies snapped up by large-cap acquirers after raising more than $20 million in venture funding.
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According to investment bank Qatalyst Partners, both changes could leave a group of the largest traditional tech-company acquirers with an additional $400 billion to spend, if they repatriate money from overseas.
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"Immediately following Yahoo's acquisition, we undertook a lengthy, multi-month process to seek assurances from Yahoo and its acquirers with respect to those factors," the company explained in a blog post yesterday.
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While Twitter's anemic user base and flattening revenue growth would be enough to scare off many potential acquirers, there's something else that makes Twitter a tough pill for any buyer to swallow.
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Since 22014 the share prices of acquirers have outperformed the stockmarket by a median of 20163% in the quarter when the deal was announced, according to Willis Towers Watson, a financial firm.
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Value = Post money of the last round Revenues + Growth rate + "X" As the markets soften and consolidations start, acquirers are not looking just at the post-money of the last financing round.
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If Anbang's offer is successful, it would boost the company's reputation as one of China's top corporate acquirers, adding Starwood to its stable with its nearly 1,300 hotels in about 100 countries.
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Last year, it was reported that Comscore had engaged Goldman Sachs to reach out to parties potentially interested in acquiring it, including strategic acquirers operating in a similar space and buyout firms.
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As I pointed out in my previous blog on this, this makes Uber one of the largest acquirers of small business, entrepreneur bank accounts in the United States today—a phenomenal statistic.
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Paulson, which has a 9.5% stake in Callon, in a letter to the company's board said adding Carrizo's "inferior Eagle Ford assets will permanently reduce the attractiveness of Callon to potential acquirers".
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"We believed both firms were likely to be acquirers of smaller asset managers as opposed to either one being an acquisition target," Greggory Warren, an analyst at Morningstar, said in a report.
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In the S&P Global sample acquirers with the highest pre-acquisition asset growth lag the market by 5.8 percent one year after the deal and by 13.3 percent over three years.
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But several acquirers have expressed interest in buying the company in recent months if the CEO, Jason Citron, can be convinced the price is right, people with knowledge of the situation said.
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Bumble has also shown its willing to expand beyond the dating world and start chipping away at legacy job networking sites like LinkedIn, which if successful would also be attractive to potential acquirers.
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Worldpay, which is advised by Goldman Sachs, wants to make the deal palatable to the British government, which has recently taken a more protectionist stance on takeovers by foreign acquirers, the sources said.
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Smart & Final, based in Commerce, California, is working with investment banks on a sale process, and has reached out to private equity firms that could be potential acquirers, the sources said on Monday.
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Ascena Retail Group Inc, one of the few serial acquirers in U.S. apparel, has been laid low by its roughly $2.1 billion acquisition of Ann Inc, parent of work-wear line Ann Taylor.
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The Chinese aviation-to-financial services firm, which struck M&A deals worth about $97.33 billion in 297.3 and 22017, is faced with soaring debt and a Beijing crackdown on aggressive Chinese acquirers.
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Acquirers and merchants are responsible for ensuring that all Visa transactions are properly coded in the Visa payment system, so that issuers can rely on accurate and consistent coding when making authorization decisions.
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Potential acquirers "will more likely be the traditional tech companies that have a declared interest in the automotive sector rather than car companies themselves, but the latter wouldn't surprise me either," Fisher said.
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Buyout firms closed only one transaction valued at more than $2.5 billion in the first three months of this year, while strategic acquirers closed 20 deals of that size or more, Pitchbook said.
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The Chinese aviation-to-financial services firm, which struck M&A deals worth about $22016 billion in 207.84 and 297.3, is faced with soaring debt and a Beijing crackdown on aggressive Chinese acquirers.
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Banks also might not be the only acquirers, as insurance or tech companies could be in the market as they look to jump start their digital strategy or expand deeper into consumer finance.
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With the private market in the midst of a cooling and public investors unwilling to pay up for risky, money-losing businesses, venture capitalists are hoping that cash continues to pour in from acquirers.
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At the end of the day, hype, trends, p/e multiple ratios, big potential acquirers, luck and good looks all come and go, but a business with sustainable positive cash flow will eventually win.
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Energy industry deals declined in the first quarter from a year ago, as would-be acquirers remained locked out of capital markets and others saw little they wanted to buy, a new report shows.
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In an interview, Herd declined to comment on any specific deal discussions, but flicked at Match Group while confirming that Bumble is indeed talking to possible acquirers, including private companies and private equity firms.
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If entrepreneurs think Kleiner can fund their mid-stage rounds like some seed funds can't, or hook them up with potential acquirers whether things go peachy or pear-shaped, they'll open their cap table.
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Many of these deals had stock as part of the purchase price, with acquirers emboldened to use their own shares as currency given their high stock market valuations, as opposed to offering just cash.
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"Brexit is causing EU insurers to look at their structures and this brings non-core lines into focus, leading to opportunities for the acquirers," said Andrew Ward, a director for insurance deals at PwC.
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"Brexit is causing EU insurers to look at their structures and this brings non-core lines into focus, leading to opportunities for the acquirers," said Andrew Ward, a director for insurance deals at PwC.
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Symantec has been one of the most serial acquirers in security companies in recent years, gobbling up Lifelock Inc for $2.3 billion earlier this year and Blue Coat Inc for $4.65 billion in 2015.
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When Amazon agreed to buy all of Whole Foods Market in June, it paid a healthy premium, but one that fell short of what acquirers typically shell out, according to Boston Consulting Group research.
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CFIUS reviews deals by foreign acquirers for potential national security risks and has tightened its oversight of deals involving Chinese entities as Beijing and Washington remain locked in a heated trade and technology dispute.
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"The last, best hope of the bulls in a market like this is you get some sort of cutting from the Fed," said Tobias Carlisle, founder and portfolio manager at Acquirers Funds in Los Angeles.
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The acquisition of SolarCity was agreed upon after a special committee the two companies formed, which consisted of SolarCity board members Donald Kendall and Nancy Pfund, made outbound inquiries to other potential acquirers and partners.
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Run by Chief Executive Hock Tan, the company formerly known as Avago is one of the chip sector's most prolific acquirers, having completed a $37 billion takeover this year and changing its name to Broadcom.
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The big tech acquirers are tracking all the great young private tech companies, and when an IPO is imminent, it can motivate them into action to acquire a company that is a great strategic fit.
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What Brand sees as the young company's competitive advantage is its ability to communicate more directly with a new audience of offset acquirers — engaging them more in the process by providing updates on the project.
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"The last, best hope of the bulls in a market like this is you get some sort of cutting from the Fed," said Tobias Carlisle, founder and portfolio manager at Acquirers Funds in Los Angeles.
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This could partly be because the average premium paid has been below that of prior cycles, too – suggesting perhaps that middling deal volumes and upbeat investor reception are partly a matter of more disciplined acquirers.
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NEW YORK (Reuters) - Twitter users mostly disliked the largest executive exodus at the online social media company announced late on Sunday, with some notable tweets criticizing CEO Jack Dorsey and even speculating on potential acquirers.
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Private equity firms closed only one transaction valued at more than $2.5 billion in the first three months of this year, while strategic acquirers closed 20 deals of that size or more, the report showed.
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Run by chief executive Hock Tan, the company formerly known as Avago is one of the chip sector's most prolific acquirers, having completed a $37 billion takeover this year and changing its name to Broadcom.
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According to a study by Cass Business School for investment adviser Willis Towers Watson, shares in European acquirers have bucked a negative global trend by outperforming their regional index by 2.8 percentage points this quarter.
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Both Microsoft and HPE would make logical acquirers for Mesosphere — and there have been reports that Microsoft was interested in acquiring the company last year — but so far, it seems Mesosphere has resisted these advances.
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The chip industry is becoming more concentrated as companies try to capture market share, much of it related to connected devices and cars, and Avago/Broadcom has been one of the sector's most prolific acquirers.
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"All these names demonstrate one salient fact: if the acquirers' stocks move up after news of a deal, well, then a heck of a lot more companies will make acquisitions," the "Mad Money" host said.
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On average, acquirers are paying 120 percent above where the target biotech and pharmaceutical company's shares had traded over the previous 30 days, the largest average premium in at least two decades, according to Dealogic.
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This year's 4443 percent share of foreign acquirers is by far the highest in all the data going back to 1998: Europe ranks as the top purchasing region, with an aggregate deal value of $155 billion.
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Also weighing on M&A is the rush of technology companies such as Uber, Lyft, Slack and Pinterest to get ahead of a potential economic rout by launching initial public offerings rather than seeking potential acquirers.
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In a securities filing, Renova, owned by Companhia Eletrica de Minas Gerais SA and Light SA, said the potential acquirers are in the due diligence phase, and exclusivity has not yet been granted to any party.
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The chip industry has been undergoing rapid consolidation as companies try to capture market share, much of it related to connected devices and cars, and Avago/Broadcom has been one of the sector's most prolific acquirers.
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Here's one reason why: Traditional acquirers like Oracle, IBM and Salesforce now find themselves in an increasingly crowded field of potential buyers that includes non-software companies attempting to deepen their value proposition within vertical industries.
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In the most extreme market distortions, rapacious acquirers often domiciled offshore have affected hostile takeovers of US pharmaceutical companies, fired entire R&D enterprises, and harvested the profits from in-line drugs with remaining patent life.
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Chris Marinac, co-founder of FIG Partners, an Atlanta-based research and advisory boutique, said Fifth Third may have been bounced into a deal, following rumours of interest in MB from other potential acquirers last week.
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The investor has teamed up with an investment bank to work out strategic options for the company and has already held talks with several potential acquirers, the people said, adding no official auction process was underway.
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"Usually, the wakeup call comes by way of litigation, investigation, or when the people strategy is not completely sound and investors or potential acquirers look at the operating model and it impacts their evaluation," Schaefer said.
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On that last one: It would seem that the "staying private longer" trend has artificially reduced the number of potential tech startup acquirers, since the next-gen of tech buyers doesn't yet have a public currency.
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Steve Fletcher, a managing director at the global investment bank GCA, notes that it's "hard to say" whether it's universally the case that management teams are getting locked into longer contracts with acquirers in this market.
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"So along come some willing acquirers who have no choice but to try to break out of their not-so-hot areas and broaden distribution because, ultimately, their markets are challenged by new buyers," Cramer said.
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Also weighing on M&A is the rush of technology companies such as Uber, Lyft, Slack and Pinterest to get ahead of a potential economic rout by launching initial public offerings rather than seeking potential acquirers.
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In the review, which began in September, Forest City reached out to more than 50 potential acquirers and entered into exclusive talks with a large financial institution, but the talks broke down over price and closing conditions.
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"Two very attractive acquirers that I would have put high up on my list have shown up," the Overstock (OSTBP) CEO said on Thursday from the sidelines of the Fortune Brainstorm Finance conference in Montauk, New York.
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Meanwhile, other beloved API management platforms have also disappeared into big acquirers in recent years, including Apigee, bought in September by Google for $625 million, and Mashery, acquired by Intel before being sold last year to Tibco.
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While Cramer could not find an obvious reason why the deal would be blocked, he said the people to advise these potential acquirers must understand that the old form of due process has gone out the window.
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But what happens when they raise a Series C or D round of financing and actually need to reach a broader audience — like really big, potential business partners, potential acquirers, public investors or high-level business reporters?
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Alibaba and IAC have been floated as potential acquirers in the past — Alibaba because it bought a nearly 6 percent stake in the company in 2016 and IAC because its CEO Joey Levin sits on Groupon's board.
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With stagnant user growth and continuing losses, Twitter's board agreed last month to consider a sale, and has told potential acquirers it wants such deliberations to conclude by the time it reports third-quarter earnings on Oct.
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Calsonic provides private equity firms a rare opportunity to do a large-sized transaction in Japan, where they have traditionally been unwelcome as domestic companies are loathe to the drastic restructuring typically undertaken by private equity acquirers.
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I think what shifted recently was that the appetite for acquisitions, or the likely acquirers, they've all been buying each other and they don't have interest or cash to go buy more to add to those platforms.
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"You can look at Netflix on a valuation basis, and on any ratio or multiple it's extremely expensive," Tobias Carlisle, the founder and portfolio manager of The Acquirers Fund, said on "We Study Billionaires," an investing podcast.
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Private equity firms closed only one transaction valued at more than $2.5 billion in the first three months of this year, while strategic acquirers closed 20 deals of that size or more, according to a PitchBook report.
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NEW YORK, Feb 28 (Reuters) - Many companies negotiating mergers and acquisitions (M&A) contracts are haggling over whether the global coronavirus outbreak should offer legal grounds for the acquirers to walk away from their agreements, dealmakers say.
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Multiple sources close to the company told TechCrunch that its business in Indonesia, the world's fourth-most populous country, is available to potential acquirers for less than $1 million — and an all-cash deal isn't even a requirement.
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Energy industry deals worth $50 million or more declined in the first quarter from a year ago, as would-be acquirers remained locked out of capital markets and others saw little they wanted to buy, according to PricewaterhouseCoopers.
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Specialist closed-fund managers, such Phoenix and the Admin Re division of Swiss Re, would be the likely acquirers, although the amount potential buyers are willing to pay will reflect the regulatory risks the funds may still contain.
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Ahold has a legal structure known as a "stichting", or foundation, which is favored by many Dutch companies and effectively gives a holding vehicle the voting power to fend off unwanted acquirers, often to the frustration of investors.
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Making a case for breaking up these companies will rely on showing a different type of harm than high consumer prices — something like anticompetitive practices, or that innovative businesses get suffocated when they're absorbed by their gigantic acquirers.
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When the acquirers' finances look shaky, bankers say they find solace in two things: that the deals themselves will generate returns and that the political pedigree of the buyers, especially that of state-owned companies, will protect them.
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It has also talked to potential acquirers, including Spotify, without closing a deal — and is now at a point where it may sell for less than the $700 million investors thought it was worth a few years ago.
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The judge said in the opinion that synergies in deals should be taken into account when the acquirer is a private equity firm, a notion that has so far only applied to strategic acquirers in the Delaware court.
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There is also a concern that U.S. companies are disadvantaged in buying foreign companies and/or assets, as U.S. tax rules may allow foreign acquirers of those assets to enjoy higher after-tax returns than a U.S. company.
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As a transaction attorney clients want to call me, I help get deals done and what I do means they make money, have solid contracts that will diligence well down the road with investors and potential acquirers, etc.
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Acquirers have floated early figures, sources say, but you'd think Discord would only entertain sale conversations for somewhere in the $3 billion to $5 billion range given that it raised at a $1.6 billion valuation just in April.
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Since most acquirers pay a premium over the target's trading price, Laster's methodology suggested it would be idiotic for shareholders bring appraisal actions: They'd be awarded less for their shares than they'd have gotten by participating in the deal.
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But TechCrunch has learned that the level of support and mourning for Vine from the internet community boosted the interest of potential acquirers willing to endure the operation costs to own one of the most culturally impactful video platforms.
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KC: Netmarble bought our most profitable studio, but we have another two studios in the business and we're talking [with potential acquirers about those], so it'll be another couple of months before we wrap up and are truly done.
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"The crushing oligopoly of Google and Facebook leaves so little room for perceived future growth and innovation, that VCs and acquirers no longer value either revenue or tech as upside in the ad space," one observer said to me.
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The rich valuations could discourage acquirers, who also have to assume the risk that antitrust regulators may look askance at more consolidation in the sector after a wave of mergers in recent years, investment bankers and industry experts say.
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Singapore's sovereign wealth fund GIC has been one of the most prolific acquirers this year, mopping up stakes in Norwegian software firm Visma, Swedish home alarms maker Verisure and financial news and data company Acuris, formerly known as Mergermarket.
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"We excluded local competitors and in-state acquirers from the control group to reduce potential bias from effects of diminished local competition for patients or diminished system-level competition for inclusion in insurers' state hospital networks," the researchers said.
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Both the FCC and Justice Department want to create a fourth wireless competitor and Dish, Altice USA Inc and Charter Communications Inc are potential acquirers of Boost and potentially some spectrum, the person, who spoke on condition of anonymity, said.
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At Mastercard, safety and security of payments is a top priority for us and we are working on the investigations with the regulators, issuers, acquirers, global and local law enforcement agencies and third party payment networks to assess the current situation.
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Privately owned Anbang, established in 2004 as an auto insurer, has emerged as one of China's most aggressive acquirers of overseas assets in the past two years, spending more than $30 billion buying luxury hotels, insurers and other property assets.
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The traditional tech acquirers could be more receptive to acquisitions than ever these days, given that the easy, low-cost cloud business model has allowed a range of young tech upstarts to attack many parts of their businesses from all angles.
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During the strategic review, which began in September, Forest City reached out to more than 50 potential acquirers and entered into exclusive talks with a large financial institution, but the talks broke down over price and closing conditions, the company said.
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SAO PAULO (Reuters) - Bankers and lawyers expect the pipeline of big deals in Brazil to shrink in coming months as financial and strategic acquirers avoid taking risks due to market volatility during a presidential campaign and doubts about the economy's recovery.
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After a relatively subdued 2017, there is a renewed sense of confidence about M&A among acquirers who are hungry for promising assets to replenish drug pipelines, helped by U.S. tax cuts that have made it easier to deploy overseas cash.
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A source close to the now-combined companies tells me the Capshare team is heavily incentivized to stick around and grow the business, and it received a premium on its asking price as there were multiple acquirers at the table.
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SAO PAULO, April 2 (Reuters) - Brazilian companies are driving big deals after several quarters on the sidelines, as record-low lowest interest rates and a rebounding economy ease financing for local acquirers, according to bankers and lawyers in the country.
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The Committee on Foreign Investment in the United States, which vets foreign acquirers, still wouldn't approve the deal more than 11 months after Ant first bid, according to the companies, and they have scrapped it in favor of less concrete cooperation.
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Dan Barton's no-expense-spared dog salon chain Splash and Dash Groomerie, headquartered in Florida, still has only 18 franchises generating $14 million in annual revenues across the network, but receives approaches on average every few months from prospective acquirers.
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A few of those sold to acquirers in recent years, including security provider Blue Coat Systems, which Symantec bought last year for $0003 billion, and network infrastructure provider Aruba Networks, which sold to HP two years ago for $3 billion.
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Privately-owned Anbang, established in 2004 as an auto insurer, has emerged as one of China's most aggressive acquirers of overseas assets in the past two years, spending more than $30 billion buying luxury hotels, insurers and other property assets.
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Kik's defense hinges on who used the company's cryptocurrency to make purchases through its messaging service versus which of the 10,000 acquirers of Kin currency at the time of the token offering were speculating on the cryptocurrency's potential rise in value.
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Perhaps there's a greater premium in the market for the strategic value of a company as opposed to its underlying financial value, which means strategic acquirers are willing to pay a lot more than the public market would value a company.
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Waterland bought Attero for 170 million euros in 2013 and decided on a faster-than-planned exit this summer after receiving inquiries from several would-be acquirers following the sale of Germany's Energy from Waste which generated a lot of interest.
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In March 2017, AFB's ultimate majority shareholders (Banco Santander S.A. rated A-/Stable and Intesa SanPaolo rated BBB/Stable) agreed to sell AFB to Hellman & Friedman (H&F, a private equity firm) and GIC, Singapore's sovereign wealth fund (together the acquirers).
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"The more government interference in an industry... the more likely acquirers and banks will want to avoid transacting with it to avoid any reputation risk," explained Maria Sparagis of DirectPayNet, a payment service specializing in "high-risk" clients like pornographers.
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The Oxford team focused on verisimilitude, with the idea that if you can confuse buyers, the price of horn will eventually crater as potential acquirers either sate their desires with cheaper wares or grow skittish of buying the wrong thing.
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Greg Roumeliotis, Yingzhi Yang, Echo Wang, and Alexandra Alper had the exclusive at Reuters: The Committee on Foreign Investment in the United States (CFIUS), which reviews deals by foreign acquirers for potential national security risks, has started to review the Musical.
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The 10 "No, thank you"s can be explained in two ways: Either the potential acquirers truly didn't see a fit for a highly profitably $45 million media platform or, more likely, they were distracted by the legal issues surrounding Gawker.
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Walmart to acquire Mexico & Chile-focused grocery delivery service Cornershop for $225M International acquirers are making serious moves in the Latin American market, with Walmart only one example of the types of companies that are shopping for technology startups in the region.
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It could help Atlassian — which competes with other big acquirers in the enterprise tech space like IBM, Microsoft and Salesforce — look like a better destination for founders who are ready to sell, and that could help the company win good assets more often.
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On average, so-called activist arbitrageurs create an extra, risk-adjusted, 5.7 percent bounce in the shares of acquirers in the 20 days following the activists' disclosures, according to a new study by researchers at Columbia University and the University of Florida.
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In a letter sent Wednesday to Campbell's corporate secretary, Third Point called the strategic review process a "sham," saying the company did not contact potential acquirers of "all or a meaningful portion of the company" and did not pursue a sale process.
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That said, it poses a new challenge for entrepreneurs, VCs and, ultimately, the acquirers and IPO buyers who provide us liquidity: How do we value these new types of companies that bring a new set of toys to an old set of sandboxes?
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"There's just so much money going into these late-stage rounds that the public markets can't take them all and acquirers can't acquire them all," said Barry Eggers, a partner at Lightspeed Venture Partners, which invests at early through late-stage rounds.
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"From a pure market view there is absolutely room for M&A," he said, and most acquirers are taking the Buffett approach of building a portfolio of companies to gain synergies, and deal with the patchwork of regulations that vary by state.
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" When asked for comment a spokesperson for Mastercard had this to say: "Over the past few weeks, we have clarified to acquirers — or the merchant's bank — the right transaction or merchant category code to use for these type of transactions (cryptocurrency purchases).
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Approaching 245:303 minutes: I've just asked Andreessen why, despite an uptick in M&A by nontraditional tech acquirers (think General Motors and the many private equity firms to go shopping this year), we aren't seeing more acquisitions by Google, Facebook, or Amazon.
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The Times - The Swedish company Recipharm seeking to complete the 25 million pounds takeover of Consort Medical Plc has said its latest offer is final, prompting its British target to confirm that it was not in talks with other potential acquirers. bit.
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Thinking about "the acquirers, the state of the public markets, how a business is being valued — that's an essential way to understand the overall ecosystem" of start-ups, said Ms. Green, whose little-known venture firm, Forerunner Ventures, is based in San Francisco.
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Providence has not yet made a final decision on whether to sell or float the business and will first test the appetite of potential acquirers of the company, the people said, adding that private equity firms usually favor an outright sale to an IPO.
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Two key components of the new law — the reduced rate charged to companies to repatriate cash from overseas and the lowering of the corporate tax rate to 21 percent from 35 percent — could leave many big tech acquirers with new war chests, analysts believe.
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"There's been a gap between what acquirers and shareholders are willing to pay for a biotech company and what the company's board thinks it's worth," said one investment banker, who asked not to be named because he was not authorized to talk to media.
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Groupon has made it known for some time to potential acquirers that the company is open to the idea of a sale, but representatives for the company were especially aggressive last month in attempting to create interest among potential suitors, one of these people said.
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In the chart below, we look at who topped the rankings: The grand tally of 2018 exits provides a clear counterpoint to skeptics (your author included), who questioned whether fast-growing unicorn populations and valuations would hold up with acquirers and public market investors.
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However, if you're in a business that's more likely to be acquired than IPO, you need to start thinking carefully about who the acquirers in your business are, what their track record of acquisitions look like and what kinds of prices they tend to pay.
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Both potential users and would-be acquirers seem turned off by its complexity, its ugliness (Twitter has become a haven for misogynists, racists and other trolls), and most deeply its apparent uselessness for people who aren't clustered in the bubbles of tech, politics and media.
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On the one hand, it could be that the company has not yet reached the scale that would appeal to public-market investors and acquirers — or that the business needs more time and capital to prove it works as a standalone business long-term.
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Some companies that Credit Suisse said could be appealing to acquirers are: Galapagos, focused on inflammation and immunology; Portola Pharmaceuticals, a company in the cardiovascular space; Ironwood Pharmaceuticals, who deals with gastrointestinal and metabolic disorders; and Corvus Pharmaceuticals, whose main therapeutic area is oncology.
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The process to sell Yahoo has been churning on as a variety of potential acquirers and just plain rubberneckers get briefed by management, either by video, phone or in person (only the chosen strategic ones like Verizon and AT&T get that royal treatment).
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The Committee on Foreign Investment in the United States, which reviews deals by foreign acquirers for potential national security risks, is looking into ByteDance's $1 billion purchase of social media app in 2017 that laid the foundations for TikTok's rapid growth, Reuters has reported.
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Potential buyers of Tenet would need to contend with the company's $15 billion debt load, which could be a potential hindrance to private equity acquirers, said an investment banker, who asked not to be named because he was not authorized to speak with the media.
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Staring at a public market that has been unkind toward consumer IPOs like Lyft and Uber, Postmates in recent months has had persistent talks with many of the likeliest acquirers in the space, including DoorDash, Walmart, and Uber, which operates UberEats, according to multiple sources.
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They include standalone services from popular startups like Slack, Quip, Trello and Asana; as well as those offered by large companies like Microsoft and Citrix, which not only build their own solutions but have been aggressive acquirers of those startups that have built popular enterprise productivity tools.
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The Committee on Foreign Investment in the United States (CFIUS), which scrutinizes deals by foreign acquirers for potential national security concerns, has not disclosed why it asked Pamplona to sell its 47% stake in Leesburg, Virginia-based Cofense, which helps protect email users from phishing attacks.
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"The weakening renminbi also pushes Chinese deep pocket acquirers to speed up splashing billions of dollars overseas before their currency further depreciate," But amid increasingly tight scrutiny from regulatory authorities in both China and abroad, it remains to be seen whether this year's record pace can continue.
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Particularly hit have been investments into foreign property, sports and entertainment targets – all areas which have been singled out by officials as industries where Chinese acquirers may not be investing "for the best motivations", in the words of the PBOC's Zhou, echoed by Pan on Monday.
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PEOPLE CAN GIVE SOME EFFECT TO THEIR STRATEGY BY LOOKING AND MAKING SOME ACQUISITIONS HERE AND DECIDE REALLY WHAT BUSINESSES THEY WANT TO BE IN AND WHAT BUSINESS THEY DON'T WANT TO BE IN. THERE WILL BE SOME SELLERS OF BUSINESSES AND SOME ACQUIRERS OF BUSINESSES.
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While Honest wasn't the first consumer products outfit to market itself as safer than its predecessors, it has garnered a lot of attention from customers, investors and acquirers — as well as been a target for critics, it says — because of its star co-founder, actress Jessica Alba.
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Host: Tobias Carlisle, the founder and managing director of Acquirers Funds"Listeners will hear conversations with hedge-fund managers, shareholder activists, buyout-stage private equity investors, and activist shorts about how they find undervalued stocks, manage risk, deal with bad luck, and maximize success," Carlisle said.
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Polycom, based out of San Jose, will continue to keep its branding, Mitel said, with the overall company headquartered in Ottawa, in Mitel's current HQ. Both companies are publicly traded and have been acquirers of smaller companies themselves, but not on the prolific level of some rivals like Cisco.
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About five years ago, Britton said he saw the changing tech landscape and made a conscious decision to focus more on subscription software, bulking up Goldman's software banking team and learning as much as he could about what acquirers like Salesforce, Oracle, Cisco, HPE and IBM would be pursuing.
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Still, it would have been more productive to focus on why's it's where he wants to work, how founders actually get to touch the lives of billions and how other acquirers like Twitter and Google frequently dissolve the companies they buy and often see their founders leave even sooner.
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Scale helps with the buying power of food and cash to invest in increasingly important digital capabilities and mobile payment systems To date, corporate acquirers have spent $11.7 billion on restaurant acquisitions, compared to the average of $2 billion they had spent yearly since 2008, according to Dealogic.
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"We are seeing a stock component becoming a bigger portion of the offers being made, perhaps because the deals are bigger and transformative, and acquirers are looking to offer targets additional upside in these transactions," said Stephen Arcano, an M&A partner at law firm Skadden, Arps, Slate, Meagher & Flom LLP.
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In a securities filing, Petrobras, as the company is known, said the acquirers were Alpek's subsidiaries Grupo Petrotemex SA de CV and Dak Americas Exterior SL. The deal was one of five authorized by Brazil's audit court, which asked Petrobras to temporarily suspend its asset sale program on December 7.
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Although there are no U.S. companies currently interested in the deal, some of the possible acquirers of Petrobras' stake in Braskem in a wider sale process could be worried about possible impacts of an association with Odebrecht considering the Foreign Corrupt Practices Act (FCPA), according to one of the sources.
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Facebook and the founders of its former acquisitions are making a strong case against getting bought by Mark Zuckerberg and Co. After a half-decade of being seen as one of the most respectful and desired acquirers, a series of scandals has destroyed the image of Facebook's M&A division.
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The startup's San Francisco-based engineering team was too pricey for civic tech companies to afford, but those that could pay the steep price didn't need Brigade's IP. So after approaching a half-dozen potential acquirers, Mahan split the company, selling the team to Pinterest and the tech to Countable.
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With over $1.4 trillion trillion sitting on the balance sheets of the S&P 500, and demand for liquidity among venture capitalists, we can expect the industrialists to become far bigger acquirers in the tech world over the coming years, perhaps even outpacing traditional technology companies in tech M&A.
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Top Merchant Services ProvidersThe following are some of the major merchant services providers on the market today:Flagship Merchant Services SquareChaseProMerchant Braintree Payment SolutionsPowerpayTSYS Merchant SolutionsFlow Payments CayanAmazon PayMore to LearnMerchant service providers are just one piece of the broader payments ecosystem, which now includes acquirers, processors, merchants, card networks, and more.
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"Cleantech companies developing new materials, hardware, chemicals, or processes were poorly suited for VC investment because they required significant capital, had long development timelines, were uncompetitive in commodity markets, and were unable to attract corporate acquirers," the authors of "Venture Capital and Cleantech: The Wrong Model for Clean Energy Innovation" wrote in 2016.
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"The fact is, there are simply too many drug companies out there that can be more valuable to potential acquirers than they are to the stock market itself," Cramer explained, pointing to the numerous companies that have whittled down their drugmaking franchises to cover only one illness or produce just one type of medication.
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"Conditions remain very conducive for financing investment grade M&A transactions – sufficient liquidity in capital markets, strong interest from banks to support their customers, banks having capital to support bridges and term loan funding needs of the acquirers," said Art de Pena, managing director and head of distribution, trading & agency for MUFG's syndications group.
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Its customers include not just mortgage lenders and property acquirers, but those who work in the property industry in a more hands-on way, such as roofers who might want to get a list of buildings developed in a certain range of years as a way of building a list of leads for properties that might need a roof replacement.
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One of Magic Leap's early renderings of what it could supposedly do One of Magic Leap's early renderings of what it could supposedly do With all their money and plenty of time before widespread demand for AR headsets materializes, potential acquirers could likely hire away the talent and make up the development time in cheaper ways than buying Magic Leap.
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"In a frothy IPO market, when public market valuations are high, it is more challenging for acquirers to justify the prices required to acquire public companies, or to present a compelling enough alternative to private companies to take them off what they may perceive as a very attractive IPO path," said George Boutros, CEO of Qatalyst Partners, a technology-focused investment bank.
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" Asked about the government's overarching aim of prevent promising homegrown startups from being bought by overseas acquirers before they have a chance to get really big she described it as a "noble aim", but added: "I see it all as good activity (acquisitions, mergers) and that it's a good thing the world recognises Britain as a place to scout for great talent, innovation and technology.
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Carving a place out for itself as a faster, easier way to integrate payments infrastructure into websites and apps, by way of a few lines of code, Stripe's pitch is that it replaces the more laborious, and often more expensive route, of working with banks and other payment providers in a complicated chain of players that includes gateway providers, credit card processors, merchant acquirers, specialized payment methods, wallets and more.
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"For the second part of the year, the performance in B&A (the Banks & Acquirers business unit) is expected to normalize whilst Retail will continue to deliver solid double-digit growth with operating leverage," Nicolas Huss, Chief Executive of Ingenico, said in a statement The group also raised its guidance for the free cash flow conversion rate of around 50%, up from a previous forecast for around 47%.
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Potential acquirers include grocers like Kroger, which could seek to diversify or further consolidate the grocery industry; Walmart, which has been building its coterie of digitally native brands; Target, which has been struggling to find its place; Nordstrom, which may need another route if its leveraged buyout falls through; and sit-down restaurant companies like Dinequity or Bloomin Brands, who may look to buy more on-trend, faster-serve concepts.
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"With price-to-earnings multiples at historic highs, deals are more likely to happen when there is lower growth in a sector, high potential for synergies, and potential acquirers enjoy a healthy stock price," said Paul Parker, chairman of global M&A at Goldman Sachs Group Inc GS.N. The stock market is hovering at record highs, while the S&P 500 Index's price-to-earnings ratio is at its highest level since the 2008 financial crisis.
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The second is the ongoing interest among tech investors and tech companies to expand their horizons and explore companies and ideas that might prove to be disruptive in the same way that tech has been, further down the line; or whose solutions could prove to be a helpful boost to their more direct tech interests — for example by becoming acquirers of data systems to run these services better, or by making the cost of electricity to run other services (like internet, or maybe, these days, bitcoin mining) less expensive.
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Today, a New York-based startup that is building a database that helps bring all of that together is raising a round of growth funding to help it expand outside of the U.S. Reonomy — a startup that ingests some 100 sources of data, including multiple public and proprietary data feeds and crowdsourced information, and then uses artificial intelligence to crunch it to provide market intelligence that is used by developers, investors, acquirers and anyone else who works in the area of commercial property (otherwise known as commercial real estate, CRE, ranging from buildings zoned for business through to multi-dwelling units, but not single private homes) — has closed a Series D round of $60 million.
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