Internal memo: TikTok has signed a deal to sell its US unit; Oracle, Silver Lake, MGX will collectively own 45% of the US entity, and ByteDance will retain ~20%
TikTok has signed a deal to divest its U.S. entity to a joint venture controlled by American investors, per an internal memo seen by Axios.
Apollo Global reaches a deal to sell AOL to Bending Spoons, sources say in a deal valued at ~$1.5B; AOL has about 30M MAUs across its email and web properties
Apollo Global Management has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios has learned.
API-based background check provider Checkr acquires income and employment verification startup Truework, which had raised $125M+ and was last valued at ~$480M
Checkr, an API-based background check provider, is acquiring income and employment verification startup Truework, Checkr CEO Daniel Yanisse tells Axios exclusively.
Yahoo strikes a deal to sell TechCrunch to media investment firm Regent, which acquired PCWorld publisher Foundry earlier this week
Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm. Bluesky: @amanda.omg.lol , @karlbode.com , and @niedermeyer.onli...
Donald Trump's Truth Social is going public via a SPAC merger after DWAC shareholders approved the move; TMTG will be listed on the Nasdaq as early as next week
- As Axios reported earlier today, this ends a multiyear saga that's included civil lawsuits, criminal lawsuits, closing extensions and vote postponements.
Carta plans to close its liquidity services business, which matched private company stock buyers and sellers, as people will “worry that we are using the data”
Carta has decided to close its liquidity services business, which matched buyers and sellers of private company stock, Axios has learned.
Sources: crypto payments startup Wyre told staff that it is shutting down; Bolt planned to acquire Wyre for ~$1.5B but canceled the deal in September 2022
Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs, Axios has learned.
Sources: OnlyFans has held conversations with multiple SPACs about going public, after failing to raise funds last year due to its adult content
OnlyFans has held talks with multiple blank check companies, or SPACs, about a merger to take it public, sources tell Axios. Tweets: @alplicable , @alex , @sarafischer , @jamestitcomb , @sarafischer ,...
Sources: IBM has restarted attempts to sell its unprofitable Watson Health division, potentially for over $1B; IBM has spent $4B on M&A to build Watson Health
IBM has resurrected its sale process for IBM Watson Health, with hopes of fetching more than $1 billion, people familiar with the situation tell Axios.
Sources: AT&T is in discussions to sell Xandr to Indian ad tech company InMobi; the mismanaged ad unit has annual revenue of ~$300-$380M and losses of $50-$90M
AT&T is in discussions to sell its ad unit to Indian ad tech giant InMobi, sources tell Axios. Tweets: @sarafischer , @aripap , @loupas , @awolk , @loudmouthjulia , @reckless , and @karlbode Tweets: S...