The “bid-ask spread” in software just became unbridgeable. According to over a dozen top dealmakers, the violent rout in software stocks—the worst three-month performance since May 2002—is bringing M&A and IPO activity to a grinding halt. With the sector down ~25% from its October peak, volatility has made valuations unreliable, leaving buyers afraid to catch...
The race to deploy humanoids is heating up, but the valuations are wildly divergent. Apptronik, the Austin-based humanoid startup, has secured a $520 million Series A extension backed by industry titans Google, Mercedes-Benz, B Capital, and the Qatar Investment Authority. The round values the company at approximately $5 billion—a significant sum, yet a stark contrast...
The Brazilian IPO window is open, but the draft is chilly. Agibank (AGBK) successfully priced its U.S. initial public offering on Wednesday, raising $240 million by selling 20 million shares at $12.00 each. However, the deal reflects a cautious market: the company had to sharply reduce both its deal size and price range (originally $12-$13)...
David Ellison isn’t walking away. Paramount Skydance (PSKY) has enhanced its bid for Warner Bros. Discovery (WBD), attempting to disrupt Netflix’s rival $82.7 billion offer. While the headline price remains unchanged ($30/share or $108.4B total), Paramount is now offering significant “risk insurance” to sway shareholders worried about regulatory hurdles. 🍬 THE SWEETENERS: ⚔️ THE STRATEGIC...
The “wait and see” era is over. The “forced to sell” era has begun. Speaking at the UBS Financial Services Conference on Tuesday, Goldman Sachs (GS) CEO David Solomon delivered a blunt assessment of the private equity landscape: Financial sponsors are under increasing pressure to return capital to Limited Partners (LPs) before they can raise...
The biggest acquisition in Google’s history just cleared its final major hurdle. Alphabet (GOOGL) has received unconditional EU antitrust approval for its $32 billion acquisition of cybersecurity firm Wiz. In a rare swift decision for Big Tech M&A, regulators concluded that the deal does not harm competition, effectively giving Google a pass to bolster its...