Sources: Databricks is in advanced talks to acquire startup Neon, which makes a serverless open-source alternative to AWS Aurora Postgres, for ~$1B
Alex Konrad / Upstarts Media :
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
report X: Alex Konrad / @alexrkonrad : Scoop: Stripe is in talks to acquire crypto startup Bridge for $1 billion, sources tell @DavidJeans2 and me in @Forbes. The deal would likely be the fintech unic...
Cisco plans to acquire cybersecurity company Splunk in cash for $157 per share, a 31% premium on Splunk's September 20 closing price, in a deal valued at ~$28B
https://www.reuters.com/... Chris Merkel / @chrismerkel@infosec.exchange : Scoop: Anonymous has hacked the neuralinks of the leadership teams at Splunk and Cisco. While I can't identify the specific ...
A profile of Wiz co-founder and CEO Assaf Rappaport, who sold Adallom to Microsoft for $320M in 2015 before building the $10B Israeli cloud security startup
$200 million in sales. A $10 billion valuation. New billionaire Assaf Rappaport has built Wiz into one of software's fastest-growing startups ever. X: @alexrkonrad , @alexrkonrad , and @alexrkonrad ...
Adobe's Figma retention package may be the biggest since Facebook bought WhatsApp in 2014, exceeding deal packages from Auth0, LinkedIn, Mobileye, and Slack
a key player in the Figma deal, now on the Adobe side. Salesforce couldn't hold on to Tableau's Adam Selipsky, back as CEO at AWS. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @ale...
Sources: Salesforce has held talks about acquiring Slack, although a deal is not guaranteed
they've kind of become the tech acquirer of choice. Big enough to buy $20b businesses, small enough to avoid regulatory scrutiny. https://twitter.com/... Will Oremus / @willoremus : just a stray thoug...
StubHub's co-founder Eric Baker bought back the company for $4B just days before the pandemic brought the live events business to a halt
Fifteen years after Eric Baker was fired from StubHub, the ticketing giant he cofounded, he bought it back for $4 billion—weeks before coronavirus utterly wrecked the business. Tweets: @tonyknopp , @f...
Qualtrics had 2017 revenue of $289.9M; with the $8B acquisition, Accel and IVP's stakes are each worth $1B+, and the Smith family's stake is ~$2.6B after taxes
Alex Konrad / Forbes :
Sources: online bulk-order wholesaler Boxed has received acquisition interest of up to $500M from Kroger and some other major retailers
Alex Konrad / Forbes :
General Atlantic invests $50M in cloud app management firm Turbonomic; a source says the deal values the startup at $800M+
Alex Konrad / Forbes :