acquisition

Crypto Payment Firm Simplex Acquired by Publicly-Listed Canadian Firm Nuvei for $250 Million

<div class=”featured_image_container”> </div> <strong>The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative payment method solutions.</strong> Nuvei Acquires Crypto Payments Provider Simplex On May 6, the …

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Coinbase Buys Data Firm Skew, Company’s First Acquisition Since the Nasdaq Direct Listing

<div class=”featured_image_container”> </div> <strong>On April 30, the crypto-focused data analytics company Skew announced the firm has been acquired by the San Francisco company Coinbase. The exchange will leverage Skew’s data with the firm’s institutional subsidiary Coinbase Prime. The goal is to make “cryptocurrency markets more transparent and accessible for institutional investors.”</strong> Coinbase Acquires Analytics Company …

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Cryptocurrency and Stock Trading Platform Etoro Aims to Go Public Through a $10.4 Billion SPAC Deal

<div class=”featured_image_container”> </div> <strong>The online cryptocurrency and stock brokerage platform Etoro has announced the company is going public via a deal with a special purpose acquisition company called Fintech Acquisition Corp V. The Etoro merger is a $10.4 billion deal, backed by the banking entrepreneur and Fintech Acquisition Corp V chair Betsy Cohen.</strong> Etoro Enters …

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Nvidia wants to buy CPU designer Arm—Qualcomm is not happy about it

Enlarge / Some current Arm licensees view the proposed acquisition as highly toxic. Aurich Lawson / Nvidia In September 2020, Nvidia announced its intention to buy Arm, the license holder for the CPU technology that powers the vast majority of mobile and high-powered embedded systems around the world. Nvidia’s proposed deal would acquire Arm from Japanese conglomerate SoftBank for …

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Visa abandons $5.3 billion acquisition after DOJ objections

hatchapong via Getty Images Visa has abandoned its $5.3 billion bid to acquire fintech startup Plaid. In an announcement on Tuesday, the US Department of Justice said the two companies have agreed to call off their merger. The agency filed a lawsuit to block the deal last November, alleging at the time that, had it …

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Top crypto mergers and acquisitions of 2020

The blockchain industry shrugged off the craziness of the 2020 pandemic, with many companies thriving in the “remote” working environments brought about by COVID-19. Almost $700 million in mergers and acquisitions took place in 2020 across 83 transactions. That’s the largest number ever and a sizeable increase from the previous record of 69 M&A transactions …

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Twitter is buying a podcast app to help build its audio Spaces

Last month Twitter publicly announced it’s testing Spaces, which operate as audio-enabled chat rooms within the social networking site. Now it’s acquired the team behind Breaker, a podcast app that focused on community and social elements since it started in 2016 (1.0 versions of its apps launched in early 2020 on iOS and Android). According …

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Salesforce acquires Slack for $27.7 billion

Enlarge / Slack is evaporating into the Salesforce cloud, you could say. Aurich Lawson Salesforce, a cloud-services company that targets businesses, has announced that it will acquire workplace communication service Slack for $27.7 billion. The announcement follows a week of rumors and a steep bump in Slack’s value on the stock market in anticipation of …

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Dark Sky on Android shuts down following Apple deal

Artur Debat via Getty Images Like it or not, you’ll have to move on from Dark Sky if you’re an Android user. The 9to5Google reports that Apple has shut down Dark Sky on Android and Wear OS as promised, leaving users without the app’s highly localized weather. Apple had initially planned to shutter these versions …

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Apple’s latest acquisition could turn iPhones into payment terminals

grinvalds via Getty Images iPhone users may be able to accept credit card payments from other people without needing extra hardware in the future. According to Bloomberg, Apple has acquired a startup called Mobeewave Inc., which is behind a technology that can turn iPhones into payment terminals. The tech giant reportedly paid $100 million for …

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