Monday, June 17, 2024
spot_img

B2B News for December 3: Salesforce + Slack, Intelsat; MiddleGround Capital

Salesforce will acquire Slack for $27.7 billion. Slack shareholders will be paid $26.79 in cash and 0.0776 shares of Salesforce common stock for each of their shares. This represents an enterprise value of approximately $27.7 billion in consideration of Salesforce’s common stock price at closing on November 30, 2020.

Media report: https://www.nytimes.com/2020/12/01/technology/salesforce-slack-deal.html

Salesforce press release: https://slack.com/intl/en-ca/blog/news/salesforce-signs-definitive-agreement-to-acquire-slack

Intelsat acquired inflight Internet provider GOGO for a cash payout of $400 million yesterday. Intelsat is world’s largest satellite operator with the leading provider of commercial inflight internet service. With this acquisition Intelsat will provide broadband connectivity to nine of the top 20 global airlines. Now part of the satellite provider’s portfolio of services is an installed base of more than 3,000 commercial aircraft.

Media report: https://paxex.aero/2020/12/intelsat-closes-on-gogo-commercial-aviation-buyout/

Intelsat press release: https://www.intelsat.com/newsroom/intelsat-completes-acquisition-of-gogo-commercial-aviation-announces-leadership-appointments/

 

There’s been a shake-up in the international sport betting suppliers realm. BetMakers will pay $56.2 million Australian dollars to acquire Tote betting supplier Sportech PLC. The deal will accelerate BetMakers US expansion plans.

Media report: https://egr.global/intel/news/betmakers-seals-31m-sportech-acquisition-in-supercharged-us-drive/

Sportech’s micro site about the deal: https://www.sportechplc.com/strategic-review/

 

MiddleGround Capital acquired majority ownership of Shiloh Industries, Inc. Shiloh is a light weighting solutions provider for the automotive industry. The deal is MiddleGround’s seventh platform acquisition and its fifth in 2020 alone. It is also the private equity firm’s second automotive deal during the pandemic. The firm is actively investing in lower middle market B2B industrial businesses headquartered in North America.

Media report: https://www.businesswire.com/news/home/20201201005831/en/MiddleGround-Capital-Acquires-Shiloh-Industries-Inc.

Shiloh Industries, Inc press release: https://shiloh.com/2020/12/01/middleground-capital-acquires-shiloh-industries-inc/

 

Featured

Unleashing the Power of AI in B2B Marketing: Strategies for 2023

The digital marketing landscape is evolving rapidly, with artificial...

How To Check if a Backlink is Indexed

Backlinks are an essential aspect of building a good...

How to Find Any Business Owner’s Name

Have you ever wondered how to find the owner...

Do You Have the Right Attributes for a Career in Software Engineering?

Software engineers are in high demand these days. With...

6 Strategies to Make Sure Your Business Survives a Recession

Small businesses are always hit the hardest during an...
Kate Baggott
Kate Baggott
Kate Baggott is a former Managing Editor of B2BNN. Her technology and business journalism has appeared in the Technology Review, the Globe and Mail, Canada Computes, the Vancouver Sun and the Bay Street Bull. She is the author of the short story collections Love from Planet Wine Cooler and Dry Stories. Find links to recent articles by following her on LinkedIn https://www.linkedin.com/in/kate-baggott-9a0306/