Restaurant reservation and management platform Resy, which calls itself the largest private reservation service in the US, is being acquired by American Express. Terms of the transaction were not disclosed. “American Express is a brand that we have admired and sought to partner with from our inception. There are myriad points of synergy between Resy […]
Exits
Harry’s Acquired for $1.37B by Edgewell, the Parent Company to Schick
Direct-to-consumer shaving startup Harry’s has agreed to be acquired by Edgewell Personal Care, the parent company to Schick and other personal care brands that include Edge, Wilkinson Sword, Banana Boat, Playtex, Stayfree, and Hawaiian Tropic. The transaction is a combination of cash and stock with over $1.08B or 79% coming in cash. “When we launched […]
Cheddar Acquired By Altice USA for $200M in Cash
Cheddar, the digital-first video news network, has been acquired by Altice USA, the US unit of Dutch cable provider Altice, for $200M in an all-cash transaction. Altice USA was formed when Altice acquired Optimum from Cablevision. Altice had been a distribution partner for, and investor in, Cheddar. “The Altice team and Altice Way are as […]
YieldStreet Acquires Athena Art Finance for $170M
YieldStreet, the alternative investment platform for retail investors, has agreed to acquire Athena Art Finance from the Carlyle Group and its co-investors for $170M. “Athena is the leading provider of credit solutions for the global art market and has scaled the business with strong growth and asset performance. Art financing is an attractive asset class […]
Trilogy Education Acquired by 2U for $750M
Trilogy Education, a white-label platform for universities to offer educational bootcamps for coding, data analytics, UX/UI, and cybersecurity, has been acquired by 2U, a diversified education technology company, for $750M. The deal is a combination of cash ($400M) and stock ($350M). “By joining forces with 2U, Trilogy Education can empower universities to reach more students, […]
LonelyPlanet Acquires NYC Startup TRILL Travel to Unlock Influencer Marketing
Lonely Planet has agreed to acquire TRILL Travel, the visual technology that makes photographs on Instagram instant bookable travel experiences. Terms of the transaction were not disclosed. “Lonely Planet is the perfect platform to fully realize the potential of TRILL. I’m extremely excited to be part of this new chapter at Lonely Planet and look […]
WeWork Acquires Office Management Platform Managed by Q
WeWork has agreed to acquire Managed by Q, the platform for office management. Terms of the transaction were not disclosed but sources indicate that the deal is a combination of equity and cash.
Bustle Digital Group Acquires The Outline in its Latest String of Acquisitions
Bryan Goldberg and Bustle have scooped up The Outline, a digital news publication launched in 2016 by Joshua Topolosky. Terms of the transaction were not disclosed but all signs point to this being an acquihire as The Outline shed the majority of its staff in the Fall of 2018.
McDonald’s Acquires Dynamic Yield for $300M+
AI-powered personalization platform Dynamic Yield has been acquired by McDonald’s. The terms of the deal were not publicly disclosed but sources with knowledge of the transaction have pegged the total amount to be north of $300M. “We started Dynamic Yield seven years ago with the premise that customer-centric brands must make personalization a core activity. We’re […]
Fullstack Academy Acquired by Bridgepoint Education for ~$50M
Coding bootcamp Full Stack Academy has been acquired by higher education company Bridgepoint Education in a transaction that has a potential value of approximately $50M. The terms of the deal include $17.5M in cash along with 2.5M shares of Bridgepoint, which is currently trading at $6.74 as of this writing (an additional $16.85M). The acquisition […]
Spotify Acquires Gimlet Media and Anchor as it Embarks on a Podcasting Buying Spree
Streaming music service Spotify has acquired two NYC podcasting startups – Gimlet Media and Anchor. Terms of the transactions were not disclosed but reports pegged Gimlet’s acquisition price to be north of $200M