QL Gaming Group, the sports data and gaming platform that operates RotoQL, BetQL, Accuscore, and Tennis Insight, has been acquired by Entercom, the local sports and news audio broadcaster, for $32M in an all-cash deal
Exits
ShopKeep Acquired by Lightspeed for $440M
ShopKeep, the integrated POS solution provider, has agreed to be acquired by Montreal-based Lightspeed. The acquisition is for $440M in a cash and stock deal based on Lightspeed’s current stock price.
Nestle Acquires Meal Delivery Service Freshly for $950M
Freshly, the meal delivery service for freshly-prepared meals, has agreed to be acquired by global food conglomerate Nestle for $950M with an additional $550M in earnouts possible.
Seamless Docs Acquired by Kofile
SeamlessDocs, the provider of digital software solutions for government agencies, has been acquired by Kofile. The terms of the transaction were not disclosed.
SALIDO Acquired by North American Bancard
SALIDO, the restaurant management platform, has been acquired by Michigan-based North American Bancard, the electronic payment processor. The terms of the transaction were not disclosed.
Lululemon Acquires Mirror for $500M to Move into Hardware
Lululemon, the Vancouver-based athleisure company, has agreed to acquire NYC-based Mirror, the connect fitness system for $500M in an all-cash transaction.
Playbook Raises $3M to Help Fitness Instructors Monetize through Remote Workouts
Playbook is a mobile marketplace enabling top fitness instructors to turn their iPhone content into a subscription income. Instructors can create content (workouts, programs, challenges, nutrition, etc) on their terms. Consumers get access to a world of instructors for a single cost. CEO Jeff Krahel shares more about empowering fitness instructors to build their businesses without depending on studios.
SiriusXM Acquires Simplecast to Bolster Podcasting Advertising
Simplecast, the podcast management and analytics platform, has been acquired by SiriusXM, the satellite radio provider and parent company to Pandora. The terms of the transactions were not disclosed. SiriusXM plans to combine Simplecast with AdsWizz, the podcasting monetization platform that Pandora acquired in 2018.
Zoom Acquires Keybase to Beef up Security on its Platform
Zoom has been under increased scrutiny for privacy vulnerabilities on the platform as the pandemic has forced an accelerated digital transformation with companies scrambling to integrate remote work solutions. One step in addressing these concerns is the company’s recent acquisition of Keybase, an NYC security startup launched by the cofounders of OkCupid and SparkNotes.
AdvisorEngine Acquired by Franklin Templeton
AdvisorEngine, the digital wealth management platform for financial advisors, has been acquired by Franklin Templeton, the global investment management firm founded in New York in 1947. The terms of the transaction were not disclosed.
GIPHY Investors Would Have Been Far Better of Investing in Facebook
On May 15th, 2020 Facebook announced the acquisition of Giphy for $400 million. That sounds like a BIG win for the Giphy investors. Even if it wasn’t a unicorn home run, it most definitely must be considered at least a triple? Let’s take a look at the numbers: According to Crunchbase, GIPHY raised $151 million over […]