SoundCloud announced on Wednesday that it acquired Nina Protocol, a decentralized music platform that allowed independent artists to sell music directly to their fans while keeping 100% of their revenue. Financial terms of the deal were not disclosed. It’s also unclear if any members of Nina’s team will join SoundCloud. The company has not yet
Stripe and private equity firm Advent International have reportedly made a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. Reuters reports that the offer was submitted earlier this month and is backed by approximately $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal,
A coalition of 12 state attorneys general is suing to block the merger of Paramount Skydance and Warner Bros. Discovery (WBD), alleging the deal would harm movie theaters, basic cable distributors and audiences. The coalition, led by California Attorney General Rob Bonta, maintains that the acquisition violates the Clayton Act, which prohibits mergers that could
Bending Spoons, the Milan-based tech conglomerate that made headlines for acquiring companies like AOL and Vimeo, went public on the Nasdaq this week with a bang, briefly reaching a market capitalization of more than $25 billion. While Bending Spoons’ shares have fallen slightly since then, its market capitalization remains double its previous private valuation of