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Mergers And Acquisition

Grail spins back into Illumina for $8bn
Two weeks after filing to go public, Grail has instead accepted an $8bn acquisition offer from Illumina, which had spun off the cancer diagnostics technology developer five years ago.
Roche fires up $448m Inflazome acquisition
Novartis-backed Inflazome, which advances University of Queensland and Trinity College Dublin research to develop treatments for inflammation, has been bought by Roche for $448m.
Pure Storage organises $370m Portworx purchase
The data services software provider had raised more than $55m from investors including NetApp, Cisco Investments, Hewlett Packard Enterprise and GE Ventures.
Singlife clings on to Aviva Singapore
The Sumitomo and Aflac-backed digital insurance and savings product provider has merged with Aviva Singapore to form a business valued above $2.3bn.
Esri absorbs nFrames
Vector Venture Capital has exited nFrames, a developer of 3D surface reconstruction software that has been bought by Esri for an undisclosed amount.
PolyTech pulls in Fos4X
Equinor has exited wind power technology provider Fos4X in an acquisition by PolyTech that followed at least $12.5m in venture funding.
NinthDecimal gets Kiip in acquisition deal
American Express, Interpublic, US Cellular and Verizon exited the advertising platform developer last year in an acquisition by NinthDecimal.
DCG loops back for Luno acquisition
Naspers and Rand Merchant Investment both exited digital asset marketplace and wallet Luno, which has been bought by fellow investor Digital Currency Group.

Other News

Omnitracs to take SmartDrive in $450m deal
Wabco and Michelin North America are set to exit video telematics system developer SmartDrive, which has agreed to be purchased after raising at least $265m.
BacklotCars parks in KAR in $425m acquisition
KAR Auction Services has agreed to pay $425m to buy the online used vehicle marketplace, which had raised about $50m from investors including Renren.
Progress leads to $220m Chef acquisition
Progress intends to buy software development technology producer Chef for $220m in cash, following $105m in funding from backers including HPE and Citi.
Telefónica sweeps up iHackLabs
Telefónica-owned ElevenPaths has bought cybersecurity training service iHackLabs, which received funding from Telefónica's Wayra unit in 2018.
Alkahest aligns with Grifols for $146m acquisition
Grifols agreed the deal five years after supplying $50m in equity and development financing for the neurodegenerative disease therapy developer.
Episerver applies itself to Optimizely acquisition
Digital marketing platform developer Optimizely has agreed to be bought after raising $200m from investors including Citi, Salesforce, Accenture and Alphabet.

Editor's Picks

Desktop Metal irons out $2.5bn reverse merger
Desktop Metal, backed by a large consortium of corporates, will merge with special purpose acquisition company Trine to list on the NYSE at a $2.5bn valuation.
Letgo links to OfferUp in merger deal
Naspers subsidiary OLX Group led a $120m round for the e-commerce app developers, which have agreed to merge, and will own 40% of the combined entity.
Visa to pay $5.3bn for Plaid
Visa is buying Plaid four months after investing in it, at a price that doubles the financial data technology provider's 2018 valuation.
F5 finds Shape in $1bn acquisition
Alphabet, Hewlett Packard Enterprise, JetBlue and SingTel are exiting the cybersecurity software producer in a $1bn purchase.
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