Tag: acquisition

  • Alaska Air Group acquires Hawaiian Airlines

    Alaska Air Group has announced a significant acquisition of Hawaiian Airlines for $1.9 billion. This deal, which includes taking on $900 million of Hawaiian’s debt, represents a major shift in the airline industry, marking the second proposed merger in less than two years. Hawaiian Airlines, facing multiple challenges including competition from Southwest and a slow…

  • Elon Musk agrees to buy Twitter

    Major day for Twitter shareholders, Elon Musk agrees to purchase Twitter at the premium price of $54.20. Twitter shares surge 22% after Elon Musk revives deal to buy company at original price Tesla CEO Elon Musk changed course and agreed to buy Twitter for the agreed upon price, according to a filing on Tuesday. The…

  • Adobe plans to acquire Figma

    Adobe plans to acquire Figma

    I see this as Adobe is fading into irrelevance with product engineers. Today hardly almost all designers I know of are using Figma. Smart defensive play there Adobe. Adobe makes $20B bet on a collaborative future with Figma acquisition Prior to announcing its intent to buy Figma for $20 billion on Thursday, Adobe’s largest deal…

  • PayPal is exploring Pinterest acquisition

    San Jose, California-based PayPal has recently approached Pinterest about a potential deal, the people said, asking not to be identified because the talks are private. The companies have discussed a potential price of around $70 a share, the people said. Bloomberg Pinterest suffered user decline in the last year and I don’t think their management…

  • Facebook fined $69.6 million in the UK for Giphy takeover

    After Facebook acquired the popular GIF repository Giphy (reportedly for $400 million), the UK’s Competition and Markets Authority (CMA) launched an investigation to determine if the merger would lessen competition. As part of that probe, it said Facebook couldn’t continue with activities related to the merger (integrating products, merging teams and so on) without prior approval from…

  • Uber completes Drizly acquisition

    Uber completes Drizly acquisition

    Uber Technologies, Inc. today announced that it has completed its acquisition of Drizly and that the two companies will begin integrating their complementary delivery apps and services. The purchase consideration was approximately $1.1 billion, consisting of approximately 18.7 million newly issued shares of Uber common stock plus cash. Uber On other new, cannabis marketplace Lantern…