Amaze () Holdings completed the acquisition of the assets of The Food Channel. The purchase price for the assets was $650,000 payable in the form of a convertible promissory note issued by Amaze. The purchase marks a key step in Amaze's strategy to expand into new creator verticals. The acquisition enables Amaaze to combine its network of food creators with The Food Channel's established digital brand to power a next-generation social commerce and entertainment platform.
The San Mateo, Calif.-based company late Monday said it earned 11 cents a share under generally accepted accounting principles, or GAAP, in the third quarter. In the year-earlier period, it earned 9 cents a share. On an adjusted basis, Life360 earned 28 cents a share on sales of $124.5 million in the September quarter. Analysts polled by FactSet had expected adjusted earnings of 17 cents a share on sales of $119.8 million.
On November 6, Sweetgreen announced that it was selling Spyce, its division that developed and made its Infinite Kitchen technology to automate the assembly of its bowls and salads. The acquirer is Wonder, the " restaurant and mealtime superapp," as Fast Company dubbed it earlier this year. With that, it's time to eulogize Sweetgreen's star-crossed life as a tech company. No more dreams of AI, blockchain, or robots.
"Luciano still roasts occasionally," Haas recently told Daily Coffee News. "He comes in in the mornings and will roast and will run the register. At 81 years young, he's certainly earned his retirement, but he's a fixture here."
Modernization isn't about replacing professionals, it's about enabling them to deliver more value, said Chris Knight, CEO at Opteon. By bringing EVP into the Opteon family, we further accelerate our strategy of combining the best people with the best technology to deliver faster cycle times, higher quality, and a better experience for lenders, appraisers, and consumers. Equity Valuation Partners provides residential and commercial appraisal services across the country.
PartnerOne's investment philosophy and operational excellence will enable us to evolve our platform, deepen our customer relationships, and continue delivering exceptional solutions across the mortgage lifecycle. Mortgage Cadence's platform, which includes its Enterprise and Essentials products, is designed to streamline loan originations and lower operational costs. The company said that joining PartnerOne will support the development of new capabilities, integrations and automation tools for financial institutions, credit unions and independent mortgage banks.
The move brings together two quality platforms to create a unified, enhanced learning ecosystem, combining Learning Pool's strength in analytics and platform capabilities with Elucidat's innovation in scalable content creation and AI-powered authoring. This expansion follows the recent addition of WorkRamp to Learning Pool's expanding portfolio. WorkRamp is a next-generation Learning Management System (LMS) designed for mid-market and extended enterprise use cases, that aims to provide an intuitive, high-impact experience for employees and customers.
Modern Treasury, a payments infrastructure company valued at $2.1 billion, has acquired the stablecoin startup Beam, the companies announced Wednesday. The acquisition was an all-stock transaction worth about $40 million, according to a source familiar with the deal, who asked to remain anonymous while discussing private business discussions. Founded in 2022, Beam provides banks and other corporations with software to send and receive stablecoins, or cryptocurrencies pegged to underlying assets like the U.S. dollar.
The acquisition sees a gutting of key leadership at the auction house: Chabi Nouri has left as chief executive officer and Céline Assimon has stepped down as chief commercial officer. Nouri was appointed to the role only last year, while Assimon joined in 2023. Meanwhile, Alex Lejeune, currently Bonham's chief financial officer, will leave at the end of the year.
Edison Founder and President Larry Rosin publicized the news with a promise that the transition will be smooth sailing for Edison clients. "The most important thing to know about this transaction is that nothing will change for Edison clients," Rosin asserts. "The entire Edison team is joining SSRS, including me, and clients will have total continuity in their experience with us." Edison Research was founded 31 years ago by Rosin and Joe Lenski. Both Lenski and Rosin were an election research specialists before Edison.
Smartphone processor and modem maker Qualcomm is acquiring Arduino, the Italian company known mainly for its open-source ecosystem of microcontrollers and the software that makes them function.
The all-stock deal will see Strive buying Semler shares at roughly $90.52 apiece, a more than 200% premium to its Friday closing price of $29.18. The two firms will together own nearly 11,000 Bitcoin after the merger, according to a press release on Monday. Strive will explore ways to "monetizing" or distributing Semler's "historically profitable diagnostics business at a future date," the announcement said.
Sandwich maker Potbelly is being acquired by the gas station and convenience store chain RaceTrac for $566 million. Potbelly, which was founded in Chicago in 1977, has 445 restaurants across the U.S. company said the deal with RaceTrac will help it reach its goal of quadrupling in size to 2,000 locations. Potbelly stores are both company- and franchise-owned.
"I guess I got a little bit disillusioned with only having one string to your bow," he reflects. "If you're given a whole set of marketing and business challenges, there are a gazillion ways of solving those problems. But a media agency will always say you need to buy some advertising, which, of course, is part of the mix, but is only a very small part that usually takes up a big part of the budget."
Barnes & Noble Booksellers, a retailer that itself has closed some stores, has emerged as the sole candidate to buy Books Inc., according to documents on file with the U.S. Bankruptcy Court. Barnes & Noble agreed to pay $3.25 million, according to a letter of intent dated July 7. The potential purchase appears to be an all-or-nothing gambit to survive, a court filing by Books Inc. Chief Executive Officer Andrew Perham indicates. Books Inc. filed for bankruptcy in January.