News 

Revenue at Nutella maker Ferrero reaches $12 billion after Nestle acquisition

“The group, which was founded by Pietro Ferrero in the Italian town of Alba in 1964, started an aggressive acquisition campaign four years ago under the leadership of Executive Chairman Giovanni Ferrero” reports businessinsider.com. The company said on Wednesday its consolidated revenue rose 2.1 percent to 10.7 billion euros in the fiscal year to end August. Source: businessinsider.com

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Cannabis stocks higher as Tilray unveils biggest acquisition yet

“Cannabis shares were mostly higher Wednesday, with Tilray Inc. in focus after it unveiled a more than $300 million deal that is its biggest acquisition yet” writes Ciara Linnane for marketwatch.com. For more, read: Tilray makes richest deal yet in effort to jump into U.S. CBD market Aurora Cannabis Inc.The California Department of Tax and Fee Administration reported $103.3 million in cannabis tax revenue in the fourth quarter, after a revised $100.8 million in the third quarter.Gavin Newsom is expecting cannabis tax revenues to climb by 45% in the coming…

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Saudi Aramco to decide in first half on financing SABIC buy: CEO

“Saudi Aramco CEO Amin Nasser speaks during the Saudi-India Forum in New Delhi Thomson Reuters NEW DELHI (Reuters) – Saudi Aramco said on Wednesday it expects to decide by mid-2019 how to finance the acquisition of Saudi Arabian Basic Industries Corp (SABIC)” reports businessinsider.com. “The decision on financing the SABIC acquisition is expected to be taken in the first half,” said Amin Nasser, chief executive of Aramco. Source: businessinsider.com

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Principal Financial held takeover talks with fund firm WisdomTree last year, and it shows how ETFs are driving a wave of M&A

“ETF manager WisdomTree held sale talks with asset manager Principal Financial Group late-last year, sources tell Business Insider” writes Bradley Saacks for businessinsider.com. The firm has partnered with distribution platforms like TD Ameritrade to offer model portfolios made up of WisdomTree and other asset managers’ ETFs.The industry is suffering from fee pressures, outflows, and increased market volatility, which has triggered some asset managers to consider striking deals.Shares of WisdomTree cratered in the last 12 months, falling 40% amid a broader sell-off among asset managers. Source: businessinsider.com

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Fiverr acquires content marketing platform ClearVoice

“Fiverr has acquired ClearVoice, a five-year-old Phoenix-based company that helps content writers find new jobs and show off their portfolios” writes Manish Singh for venturebeat.com. Prior to the acquisition, ClearVoice had raised more than $3 million in total.Fiverr did not share how much revenue it generates, but the company has raised more than $110 million to date. Source: venturebeat.com

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Facebook’s foray into eCommerce continues with the acquisition of GrokStyle

“Facebook spokesperson Vanessa Chan confirmed the acquisition saying, “We are excited to welcome GrokStyle to Facebook” writes Karissa Bell for mashable.com. “Our team and technology will live on, and we will continue using our AI to build great visual search experiences for retail.”. The company is known for technology that allows shoppers to search for furniture and other items by taking photos with their phones. Source: mashable.com

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Crypto Futures News Platforms 

NYSE Operator’s Crypto Platform Bakkt Finalizes Its First Acquisition

“By acquiring certain assets in the company, Bakkt said it hopes: Bakkt had announced the acquisition of assets in RCG in mid-January” writes Ana Berman for cointelegraph.com. Bakkt, the much-anticipated digital assets platform operated by the Intercontinental Exchange (ICE), has closed its first acquisition, a tweet from the company revealed Feb. 8. More recently, Bakkt published a list of eight evidently new vacancies at the company, all of which are based in Atlanta and New York City.On Thursday, Feb 7, ICE — the parent company of the New York Stock…

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Meet the jet-setting Goldman Sachs banker who led Qualcomm through a hostile takeover, got stuck in Trump’s trade war, and made magic happen across the semiconductor industry

“Honestly, I never thought I would have been a banker this long but at its core, I really love my job,” Kiely said” writes Becky Peterson for businessinsider.com. But in 2018, the trade war between the US and China put semiconductor deals in the region on hold.Not every advisory role is an M&A job, and sometimes long-term endeavors, such as Qualcomm’s attempted $44 billion acquisition of NXP, fall through. Source: businessinsider.com

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Spotify bets big on podcasts with acquisition of Gimlet and Anchor

“The music-streaming giant has bought Gimlet Media Inc., a popular podcast producer, and Anchor, a platform that helps creators produce and publish their podcasts” writes Matt Binder for mashable.com. The company on Wednesday that it has made two huge acquisitions that firmly plant Spotify in the podcasting business.Spotify has only been in the podcasting business for about , when it first rolled out podcasts onto its already very popular music streaming service.The company is looking to spend up to $500 million this year to bolster its podcasting business. Source: mashable.com

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