Food52, the content and commerce destination for those interested in cooking and food that has an active community of over 16M, has been acquired by TCG Capital Management, an affiliate of The Chernin Group, the media holding company founded by broadcast executive Peter Chernin in 2009. The exact terms of the transaction were not disclosed […]
Exits
CTRL-labs Acquired by Facebook
New York Tech is not all about Saas and D2C startups. Deep science bringing in serious returns for early investors.
WeWork Eats Up Restaurant Coworking Startup Spacious
WeWork or The We Company has agreed to acquire Spacious, the coworking outfit that offers space in restaurants during the day. Terms of the transaction were not disclosed but the Information has reported that the transaction was worth $42M; half in stock and half in cash. “In WeWork, we have found much natural alignment across […]
littleBits Acquired by Sphero
littleBits Electronics, the open-source library and maker of electronic modules and kits to foster STEM learning, has been acquired by Boulder-based Sphero. The terms of the transaction were not disclosed. “When I studied engineering, it was top-down, test-based,” said Ayah Bdeir, founder of littleBits. “I hated it and wanted to quit every semester. Then I […]
Good Uncle Gobbled Up by Aramark
Good Uncle, the on-demand food delivery service serving college campuses, has been acquired by food service titan Aramark. The terms of the transaction were not disclosed. “Good Uncle strengthens our ability to offer quality and convenience through services that allow our college consumers to order restaurant-quality food and have it delivered when and where they […]
PromoteIQ Acquired by Microsoft
PromoteIQ, the automated vendor marketing platform for retailers and brands, has been acquired by Microsoft. The terms of the transaction were not disclosed. “Our combined entities have a tremendous opportunity to redefine and deliver the next generation of vendor marketing to retailers and brands. Microsoft brings industry-leading AI and machine-learning capabilities, as well as a […]
American Express is Acquiring Restaurant Reservation Platform Resy
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 […]
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, […]