PayPal might not be looking to sell itself, report
PayPal may not be in talks to be acquired, sources have told Semafor, after a previous news report that Stripe was sniffing around.
M&A
Reddit says it’s looking for more acquisitions in adtech and elsewhere
Reddit said during earnings it’s looking to buy ‘capabilities’ and ‘companies.’
AI data labeler Handshake buys Cleanlab, an acquisition target of multiple others
The deal is structured as an acquihire of nine key Cleanlab’s researchers.
OpenAI to acquire the team behind executive coaching AI tool Convogo
OpenAI is acquiring the team behind executive coaching AI tool Convogo in an all-stock deal, adding to the firm’s M&A spree.
ServiceNow to acquire cybersecurity startup Armis for $7.75B
The deal is expected to yield significant returns for Armis investors, including Sequoia, CapitalG, and Insight Partners.
Alphabet to buy Intersect Power to bypass energy grid bottlenecks
Alphabet is set to pay $4.75 billion in cash, plus debt, for the data center and clean energy developer.
Cursor continues acquisition Spree with Graphite deal
Graphite is an AI code review assistant that was last valued at $290 million.
Bending Spoons agrees to buy Eventbrite for $500M to revive stalled brand
The acquisition price for the events marketplace is a fraction of the $1.76 billion valuation it achieved during its 2018 IPO.
Sources: Gusto paid $600M to acquire Guideline, plans to divest customers linked to rivals
While the HR Tech Guideline was last valued at $1.15 billion, the sale will likely yield a profit for most investors.
OpenAI acquires product testing startup Statsig and shakes up its leadership team
OpenAI is bringing on the founder of Statsig as its CTO of Applications, and making changes to other leadership roles at the company.