On 9th November, the online food delivery company DoorDash announced the acquisition of Finnish food delivery company Wolt for 7 billion EUR. The all-stock transaction is expected to be completed in the second half of 2022 and represents DoorDash’s largest purchase to date. The announcement received a positive reaction from investors, with the price of…

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On 3rd November 2021, the world’s fourth-largest renewable energy producer, EDP Renewables (EDPR), agreed to acquire a majority stake in the Singapore-based energy system developer Sunseap for a total of 810 million USD. The deal will result in EDPR owning at least 87.4% of shareholdings, which could potentially increase to 91.4%, depending on the willingness…

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In early October, Clayton Dubilier & Rice (CD&R) completed a successful bid for WM Morrison’s group, beating Softbank-owned Fortress Investment Group in a fiercely competitive process. With the deal expected to be completed in the coming weeks, the transaction values the grocery business at 9.95 billion GBP. The completed takeover will mark the end of…

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Earlier this month (February 2, 2021) the rideshare and delivery giant Uber announced its 1.1 billion USD acquisition of Drizly, an on-demand alcohol marketplace. Despite the modest size of the transaction, representing roughly 1% of Uber’s total market value, Uber’s shares rose around 7% upon announcement. As for Drizly, with a modest valuation of 73 million…

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On the 5th of August 2020, one of the largest healthcare deals in 2020 was announced: multinational healthcare giant Teladoc’s 18.5 billion USD acquisition of digital health-management company Livongo, with American Investment Bank Piper Sandler valuing the joint firm at a reported 37 billion USD. Throughout the deal process, Teladoc and Livongo’s financial advisers were…

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‘A match made in heaven’: these were the words of Salesforce CEO Marc Benioff following the completion of his company’s acquisition of the enterprise communication platform, Slack. The deal, announced on the 15th December 2020, is set to cost Salesforce approximately 27.7 billion USD. Relating to Slack, a company that is currently valued at around…

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The London Stock Exchange Group (LSEG) initially agreed to purchase Refinitiv back in August 2019 when it was cheered by shareholders who believed it would allow the LSEG to compete with larger rivals such as Bloomberg, Intercontinental Exchange and S&P Global in providing a range of services. Despite this, LSEG faced significant hurdles as a…

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Anglo-Swedish pharmaceutical giant AstraZeneca is set to acquire the US-based rare diseases firm Alexion for $39 billion in the 3rd quarter of 2021, making it the largest pharmaceutical transaction worldwide since the start of the COVID-19 pandemic. Alexion shareholders are estimated to receive $175 per share: a value which represents a 45% premium over Alexion’s…

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