Industry

Propelled by surging eCommerce, Drizly cashes in on shuttered bars with sale to Uber. It is the second major deal in the last year for Uber after buying Postmates for $2.65 billion in 2020. [more]

WELL Health’s buying spree continues with a major acquisition with C$302.5M financing led by Mr. Li Ka-shing. The acquisition will add annual revenue of US$100M with a run-rate of US$120 million to Well Health’s books. CRH currently has an EBITDA operating margin of 40%. [more]

Historically known as a gold exploration company with a 281,000 gold ounce, NI 43-101 compliant, resource at its Parbec Gold project, Renforth recently announced a new polymetallic discovery at its Surimeau project. [more]

Pocket Gamer Connects conference discusses the market growth in 2020, an uptick in M&A activity, and how revenue models are changing the industry. [more]

Video game developer Electronic Arts announced the acquisition of mobile game developer Glu Mobile for $2.1 billion, a 36% premium to the market. [more]

From LAN parties to stadiums, Esports looks to take the next steps in 2021 with innovative sponsors, expanding revenue streams, and growing viewership. [more]

Plant-based food technology is revolutionizing the way we see food. Texture and flavour innovations combined with lower environmental and health costs support remarkable product growth to meet consumer demand. [more]

Roblox, an online game platform, filed an amended prospectus in preparation for a direct listing on the NYSE in February, under the ticker “RBLX”. The latest financing values the Company at $29.5B, making Roblox one of the most valuable private companies. [more]