Deals/IPOs/M&A

Existing investor Supercell lends Helsinki developer Metacore €150 ($180) million to scale its mobile puzzle game Merge Mansion, currently booking revenue at an annualized rate of over $50 million. Gaming industry investment and M&A hit record levels in 2020 and continues to be strong in 2021. [more]

Recent public listings by Canadian tech companies providing eCommerce and SaaS expertise show the potential to disrupt the online shopping and services ecosystem. WeCommerce, Emerge Commerce and Vendasta are targeting different areas and seek to capture a part of the trillion-dollar market. [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]

The cannabis industry recently saw heightened activity as the United States moved closer towards federal regulation while several M&A deals were announced. In addition, the cannabis edibles market sharply increased as more consumers tried edibles for the first time. [more]

Last month, Real Luck Group, the parent company of LuckBox, an eSports betting platform, listed publicly and opened at C$0.80 per share. Global eSports betting market forecasted to reach $18B by 2026. [more]

Equinox Gold and Premier Gold announced that Equinox Gold will acquire Premier Gold and concurrently, Premier Gold will spin-out its Nevada-based assets into a new company to be called i-80 Gold Corp. Transaction values assets at ~US$160 per reserve ounce and ~US$50 per resource ounce. [more]

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]

Salesforce, a leading CRM platform, announced the acquisition of Slack, an enterprise communications platform. The transaction provided Slack with an enterprise value of $28 billion and an EV/Revenue of 32x based on Slack’s forecasted revenue for 2021. [more]