Tag: technology

S&P500 Becoming a Marionette for MAGA?

Introduction Trading ideas and strategies are heavily affected by the decision makers’ overall view on the market. One of the main indicators of the US market strength is the S&P500 index, which is praised for its broad scope compared to other indices such as The Dow Jones Industrial Average. Many investors use this index as […]

Waiting paid off: Elliott and Veritas to jointly acquire Athenahealth for $5.7bn

Athenahealth (NASDAQ: ATHN) – market cap as of 11/22/2018: $5.36bn Introduction On the 12th of November 2018, private equity firm Veritas Capital and hedge fund Elliot Management announced their plan to buy Athenahealth Inc. for $5.7bn in an all-cash deal. The deal values Athenahealth at $135 per share, thus offering a 12.2% premium compared to […]

Rush for OTT dominance heats up: Deltatre acquires Massive Interactive

Introduction On November 7, Massive Interactive, a London-based OTT software provider, announced that it had signed an agreement to be acquired by Deltatre, a global provider of sports media services and technology in a transaction worth up to $127m. This transaction is an attempt by Deltratre to enter the entertainment sector, as well as to […]

Time to enter the game: UK’s Playtech acquires Italy’s Snaitech

Playtech PLC (LSE:PTEC) – market cap as of 27/04/2018: £2.50bn Snaitech SpA (BIT:SNA) – market cap as of 27/04/2018: €409.8m Introduction On April 12, the world’s largest online gaming software supplier announced it had agreed to acquire a 70.6% stake in Snaitech, the Italian gaming and betting market leader. Subject to completion of this €846m […]

The Rise Of User-Based Valuation In Tech

Introduction When we look at the biggest companies by market cap, many of them are Tech firms, capable of leveraging innovative technologies to create new types of businesses. Most times they offer business models that are so different from the companies we are used to, that we struggle in finding the best way to give […]

Broadcom bids $130bn for Qualcomm in the largest pure technology deal

Broadcom Ltd (NASDAQ:AVGO) – market cap as of 11/11/2017: $108.10bn Qualcomm Inc (NASDAQ:QCOM) – market cap as of 11/11/2017: $95.19bn Introduction On November 3, 2017, Broadcom publicly announced an unsolicited $130bn offer to acquire Qualcomm, its California chip-making rival, which is backed by a strong portfolio of intellectual property that underpins cellular communications in most […]

ABB and GE Industrial Services merger: a $2.6bn deal to revamp GE division

General Electric Company (NYSE:GE) – market cap as of 06/10/2017: $211.2bn ABB Ltd (SWX: ABBN) – market cap as of 06/10/2017: $53.3bn Introduction On September 25, 2017, ABB announced the acquisition of GE Industrial Solutions for a cash consideration of $2.6bn. The transaction is a further move in an industry stepping towards consolidation. ABB, in […]

At Long Last: Toshiba to Sell its Memory Chip Unit to a Bain-led Consortium in a $17.7bn Deal

Toshiba Corporation (TYO: 6502) – market cap as of 30/09/2017: ¥1.33 trillion Introduction On September 28, 2017, Toshiba announced an agreement with Bain Capital to sell its memory chip business for $17.7bn. It was also announced that Bain Capital will create a special purpose entity to buy Toshiba’s division, which will be called Pangea. This […]

Aerospace is Flying High: US United Technology and Rockwell Collins to Merge in a New Giant

United Technology Corp. (UTX:NYSE) – market cap as of 16/09/2017: $90.33bn Rockwell Collins Inc. (COL:NYSE) – market cap as of 16/09/2017: $21.30bn Introduction On September 4, 2017, United Technology Corp. announced the definitive agreement to acquire the aviation system and cabin equipment maker Rockwell Collins Inc. for a total transaction value of $30bn ($140 per […]

Market Recap 07-05-2017

United States The S&P 500 closed the week at $2,399.29, a record high and up 0.63% when compared with the close of the previous week. During the week several important announcements have been released; first of all the Federal Reserve decided to leave interest rate unchanged at 0.75%-1.00% following the slowdown in growth experienced by […]

Siemens Doubles Down on its Software Business with the $4.5bn Acquisition of Mentor Graphics

Siemens AG (ETR: SIE)—market cap as of 28/04/2017: €111.86bn Introduction On November 14, 2016, Siemens, Europe’s largest manufacturing and electronics conglomerate, announced that it had entered into an agreement to acquire the electronic design automation company Mentor Graphics, in a transaction valued at c. $4.5bn. The cash offer of $37.25 per share represents a 21% […]

Intel Joins the Race of Self-Driving Cars with a $14.7bn Cash Bet on Mobileye

Mobileye NV (NYSE: MBLY) – market cap as of 30/03/2017: $13.63bn Intel Corporation (NASDAQ: INTC) — market cap as of 30/03/2017: $171.80bn Introduction On March 13, 2017, Intel Corporation announced the acquisition of the Israeli tech company Mobileye NV for $14.7bn. The U.S. chipmaker is paying one of the highest takeover premiums of the century, […]

The Semiconductor Industry Goes Big: Qualcomm to Acquire NXP for $47bn

Qualcomm Inc. (NASDAQ: QCOM) – market cap as of 04/11/2016: $96.54bn NXP Semiconductors NV (NASDAQ: NXPI) – market cap as of 04/11/2016: $34.15bn Introduction On October 27, 2016, Qualcomm Incorporated and NXP Semiconductors N.V. announced a $47bn agreement in which Qualcomm is to acquire all of the outstanding shares of NXP. This is the largest […]

Disruptive Trends in Tech M&A: The Cases of Microsoft and Snapchat

Introduction Over the past years, the technology industry experienced an overwhelming volume of M&A activity. The following article aims at outlining the motivations behind this phenomenon and at identifying numerous disrupting factors. Microsoft’s acquisition of the professional social network LinkedIn, as well as Snapchat’s rebranding strategy and potential IPO in 2017 will serve as examples […]

Micro Focus and HPE Software to Give Birth to One of the World’s Largest Software Companies

HP Inc. (HPQ) – Market cap as of 30/09/2016: $26.57bn Hewlett Packard Enterprise Co. (HPE) – Market cap as of 30/09/2016: $23.08bn Micro Focus International plc (MCRO) – Market cap as of 30/09/2016: $5.04bn Introduction On September 7, 2016, Micro Focus and Hewlett Packard Enterprise (HPE) announced an $8.8bn “spin-merge”, where Micro Focus will acquire […]

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