Tech-Internet M&A and Investment Database

Be kept informed of the latest tech deals. Get up-to-the-minute analysis about the day’s most interesting fundings and exits. Internet DealBook is a database that tracks the latest angel, VC, private-equity investment and M&A activities across Internet- and technology-related private companies all around the world.

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Verizon agrees to acquire Yahoo for $4.8 billion

Commentary

Verizon Communications has agreed to acquire Yahoo for $4.8 billion. The deal is said to include Yahoo’s internet business and some real estate. The acquisition marks the incredible fall of one of the Internet’s most iconic companies that once had a market capitalization of more than $125 billion. Marissa Mayer is expected to stay following the acquisition, though it is unclear at this stage if she will remain as CEO.  For Verizon, Yahoo is another addition to its growing digital media business that now includes TechCrunch, The Huffington Post, Moviefone, Weblogs, Inc., among others.

Samsung invests $450 million in Chinese automaker BYD

Commentary

In 2015, Samsung Electronics announced its interest in developing futuristic vehicles, including self-driving and electric cars. Today, the company has advanced its push into the automotive segment by investing $450 million in Chinese automaker BYD Company. Backed by Warren Buffett’s Berkshire Hathaway, BYD manufactures gas-powered, hybrid and electric cars as well as rechargeable batteries. According to BYD, Samsung’s investment will be used to further its research and development activities and boost its battery production. For Samsung, the investment enables it to enter the futuristic automotive market that is presently led by Google, Tesla, Uber and Apple, all of whom are developing their own next-generation cars.

Unilever to acquire Dollar Shave Club for $1billion

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Unilever has reportedly agreed to acquire subscription service Dollar Shave Club for $1 billion. Dollar Shave Club is the popular LA-based membership service that delivers affordable fresh razors to customers by mail. According to analysts, the move provides Unilever with a foothold in the competitive shaving market, which is traditionally dominated by Gillette, a brand owned by rival Procter & Gamble. While it is reported that Gillette enjoys a 65% global market share, the acquisition will give Unilever a chance to further expand Dollar Shave Club’s growing millennial market. Currently, the startup has three million online customers and is the clear winner in the digital realm with more than 58,000 followers on Instagram and 2.8 million likes on its Facebook page.

Pixie raises $18.5M

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Pixie Technology, a “location of things” startup has raised $18.5 million in a Series B round from Spark Capital, Cedar Fund, OurCrowd and other private investors. Pixie offers smart tags called Pixie Points that can be attached to items like wallets, laptops, gadgets and keys so these easily can be tracked if they get lost. Each Pixie contains an innovative signaling technology, which enables the Pixie to communicate with its app and other Pixies. The platform can locate any object even through walls and down to inches of their location. According to the company, the funding will be used to develop and launch new functionalities, including augmented reality.