Square, a US-based financial services and digital payments company, announced its plans to acquire Afterpay, an Australian Buy-Now-Pay-Later (BNPL) company for US$29 billion in an all-stock deal. [more]
DCM is a Canadian-based communications and marketing solutions provider that offers comprehensive online and offline communications and marketing solutions to businesses. The Company is implementing a “Digital-First” strategy and leveraging its existing platforms for direct-to-print applications, marketing and workflow management, and Digital Asset Management (DAM) solutions. We are Initiating Coverage on DCM with a Buy rating and one-year price target of $3.60/share. [more]
In a cash and stock transaction, Penn National to acquire Score Media and Gaming for $2.0 billion. The deal creates a leading digital sports content, gaming, and technology company in North America. [more]
With higher commodity prices, mining deals and M&A remained strong this summer with some of the larger deals earmarked to get companies closer to production. [more]
With significant expertise in the automotive and technology industries Lucid Motors merges with a SPAC from Churchill Capital, and raises $4.4 billion to boost its growth and manufacturing capacity to launch its EV later this year. [more]
Taboola, a leading content discovery and native advertising platform, entered into an agreement to acquire Connexity, a performance-marketing technology company, for $800 million. [more]
Zoom entered into two definitive agreements to acquire Five9, a leading contact center software based on cloud technology, for $14.7B and Kites, which provides real-time Machine Translation solutions. [more]
The easing of COVID pandemic restrictions has improved access to customer sites, and the pace of customer onboarding for mCloud is expected to accelerate in the US and Canada. The partnership with URBSOFT should help bring AssetCare™ to the oil & gas, retail, and real estate markets in the Middle East. [more]
Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]
Shareholders of Proofpoint (NASDAQ: PFPT), a leading cybersecurity and compliance company, approved the $12.3B all-cash offer from Thoma Bravo. The deal values Proofpoint at 8.3x EV to Revenue (2021 consensus estimate). [more]
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