The company said that it would be wholly acquired by its main manufacturer and lender, vacuum cleaner maker Shenzhen PICEA. Picea has R&D and manufacturing facilities in China and Vietnam, per the release. The Picea deal would allow iRobot to continue operating, developing new products, make "timely payments to vendors and creditors," and meet its commitments to employees, the release said.
Spinny, an Indian online marketplace for used cars, is raising around $160 million as it moves to acquire car services startup GoMechanic, TechCrunch has learned. The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation.
Joining forces with REEN is a defining step for both companies. Together, we can scale faster, serve customers better, and lead the transformation of how cities and companies manage resources.
The deal, which is expected to enhance Milliman's own MSR services, expands its mortgage capabilities to include MSR valuation, financing, hedging and brokering. MorVest, founded in 2013, is known for its MSR strategy expertise and client-focused analytics. We are thrilled to welcome MorVest Capital to the Milliman family, Brett Ludden, managing director and head of mortgage solutions at Milliman, said in a statement.
Lluis Faus will serve as strategic advisor and interim chief content officer. As the former CEO of vLex, which he and his brother founded in 2000, he brings decades of experience in legal research and content innovation to his new role overseeing Clio's content strategy. Ed Walters takes on the position of vice president, legal innovation and strategy. Walters was chief strategy officer at vLex and, before that, cofounder and CEO of Fastcase, which he founded in 1999.
MILAN -- The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada's "ugly chic" aesthetic and Miu Miu's youth-driven appeal. The highly anticipated deal is expected to relaunch Versace's fortunes, after middling post-pandemic performance as part of the U.S. luxury group Capri Holdings.
Digital Realty and a consortium of Equinix and Canada Pension Plan Investment Board are both trying to acquire the Scandinavian company atNorth. Partners Group, the owner of atNorth, is reportedly aiming for around €4.5 billion for the pan-Nordic data center operator. This is according to Bloomberg, based on sources. atNorth operates data centers in Iceland, Denmark, Sweden, and Finland. Partners Group acquired the company in January 2022.
SoftBank Group confirmed on Wednesday that it has completed its acquisition of Ampere Computing. Through its subsidiary Silver Bands 6 (US) Corp., the group has acquired all shares in the American semiconductor company. The transaction, valued at $6.5 billion, was announced in March and has now been fully completed. Ampere will become a wholly owned subsidiary of SoftBank and will continue to operate under its own name.
"We are excited to officially welcome the SCI Broadband team into the Midco family," said Midco Chair & CEO Pat McAdaragh. "To our new customers, we are grateful for the opportunity to serve you. Our Midco Customer Commitment extends to each of you, and we look forward to continuing the best-in-class experience the SCI team has provided."
EA Sports has announced that its F1 racing series is undergoing a "strategic reset" and will skip a new release in 2026 before returning in 2027 for a "new and more expansive F1 experience." In lieu of a brand-new release for F1 in 2026, EA Sports and developer Codemasters are releasing a paid expansion for F1 25 that includes new cars, teams, drivers, and more.
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.
SL Green Realty () has agreed to purchase a Midtown Manhattan office building near Park Avenue from Blackstone () for $730M, as part of its bet that New York City will continue to strengthen as the top-performing office market in the U.S., the Wall Street Journal's Peter Grant reports. SL Green intends to announce the deal on Wednesday when it is anticipated to post its Q3 results as well, the author says, citing people familiar with the matter.
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