Category: Acquisition

SAP acquires LeanIX to focus on AI-assisted IT modernization

A long-standing partner of SAP, LeanIX gives enterprises a common language and single source of truth for their entire IT landscape.

Socure’s $70 million acquisition of Berbix: What it means for the identity verification market

Socure, a startup that provides digital identity verification and fraud prevention solutions, has announced its first acquisition: Berbix.

First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B

According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Trust Company, which is based in Raleigh, North…

UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal

After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National Bank, UBS Group AG is reportedly considering acquiring the banking giant. However, UBS…

Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs

With Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and…

Crypto Lender Celsius to Be Acquired by Novawulf, Exiting Chapter 11 

Crypto lender Celsius’ committee of unsecured creditors has chosen the digital asset investment firm Novawulf Digital Management to sponsor the company’s reorganization plan, according to a statement published on Wednesday.…

Napster Expands Into Web3 Music Space With Acquisition of Mint Songs

On Wednesday, Napster, the music streaming service originally launched in 1999, announced that the company has finalized a deal to acquire the Web3 music startup Mint Songs. Napster’s CEO, Jon…

Ebay Expands Into NFT and Web3 Space With New Job Openings

The online marketplace giant, Ebay, is seeking to fill several positions in the area of Web3 and non-fungible token (NFT) technology, according to several Linkedin job postings. Ebay is looking…