Salesforce acquires Slack for $27.7 billion

Introduction In December 2020, Salesforce announced it would be acquiring the workplace chat app Slack for $27.7 billion. Companies Overview Salesforce.com, Inc (NYSE: CRM) Founded in 1999, Salesforce is an American cloud-based solutions provider headquartered in San Francisco, California. Salesforces offers a Customer Relationship Management (CRM) solution that provides insight into customer habits based on … Continue reading Salesforce acquires Slack for $27.7 billion

Bristol Myers Squibb acquires MyoKardia, expanding its cardiovascular portfolio

Introduction: On October 5th, Bristol Myers Squibb announced a definitive agreement to acquire MyoKardia for $225 per share, totaling the deal value to approximately $13.1bn in cash. The transaction was unanimously approved by the Boards of Directors of both companies and was successfully completed on November 17th. With the completion of the acquisition, MyoKardia was … Continue reading Bristol Myers Squibb acquires MyoKardia, expanding its cardiovascular portfolio

Morgan Stanley’s consolidation within the Asset Management industry: the acquisition of Eaton Vance Corp

Introduction: On the 8th of October 2020 Morgan Stanley announced the acquisition of the investment management firm Eaton Vance for approximately $7 billion. This deal marks the second bout of expansion for the investment bank’s strategic strengthening within Institutional Securities, Wealth Management and Investment Management after it acquired E*Trade in October 2020. Amongst other reasons, Morgan Stanley’s main purpose is to take advantage of more structured fee-based revenue streams.  Companies’ Overview:  Morgan Stanley  Founded in 1935, … Continue reading Morgan Stanley’s consolidation within the Asset Management industry: the acquisition of Eaton Vance Corp

Uber enters the alcohol delivery business in a $1.1bn deal

Introduction: On the 2nd of February 2021, it was announced that Uber Technologies Inc agreed to acquire Drizly Inc for $1.1 billion. The deal is expected to be completed within the first half of 2021 after regulatory approval and other closing conditions. Consequently, Drizly will eventually be integrated into Uber Eats. Companies' overview: Target: Drizly … Continue reading Uber enters the alcohol delivery business in a $1.1bn deal

Just Eat Takeaway.com acquires US-based Grubhub for $7.3bn

Introduction:  On June 10th 2020, Europe’s Just Eat Takeaway.com acquired US-based Grubhub for $7.3bn, in a deal that creates one of the largest food delivery companies in the world.   Industry Overview:  The Online Food Delivery refers to the mechanism of ordering and delivering food to customers through different websites and applications by using computers or smartphones. This industry is becoming more and … Continue reading Just Eat Takeaway.com acquires US-based Grubhub for $7.3bn

Pioneer Natural Resources to acquire rival Parsley Energy

Introduction:     Pioneer Natural Resources Co. will acquire rival Parsley Energy Inc. in an all-stock transaction marking the fourth large acquisition to be announced in the US shale patch since oil prices crashed earlier this year. At the time of the announcement, the equity of Parsley is valued at US$4.5 billion. Its total enterprise value (equity value and net … Continue reading Pioneer Natural Resources to acquire rival Parsley Energy

PNC – America’s largest regional bank after the acquisition of BBVA U.S.

Introduction: BBVA has reached an agreement for the sale to PNC Financial Services Group of 100% of the capital stock of its subsidiary BBVA USA Bancshares. The transaction is considered the largest US banking acquisition since the 2008 financial crisis and will allow PNC to become America’s largest regional bank. The deal (approved by both … Continue reading PNC – America’s largest regional bank after the acquisition of BBVA U.S.

A milestone transaction to define the future of Aerospace and Defense

Introduction:  The $90bn merger between United Technologies Corp. and Raytheon Co. constitutes the largest ever merger in the Aerospace and Defense sector, resulting in a creation of among the largest company of its industry. The merger has resulted in a very diversified group, operating in both the commercial aerospace and the Defense industry. Due to the diversification, the deal was heavily criticized. On the other hand, the combined group will use the core competencies of Raytheon and United Technologies to develop new solutions consistent with the most recent technology trends in the sector.  Companies … Continue reading A milestone transaction to define the future of Aerospace and Defense

Siemens Healthineers’ acquisition of Varian Medical Systems for $16.4bn

Introduction:  On August 2nd, Siemens Healthineers announced a definitive agreement to acquire all shares of Varian Medical Systems for $177.5 per share, which corresponds to a purchase price of approximately $16.4bn in cash. This transaction builds on the long-standing collaboration between Siemens Healthineers and Varian to develop improved cancer therapy solutions. Since 2012, they have been working together successfully … Continue reading Siemens Healthineers’ acquisition of Varian Medical Systems for $16.4bn