Netflix may have paid $600 million for Ben Affleck’s AI startup
This deal could rank as among the streaming giant’s largest acquisitions ever.
Mergers and Acquisitions
Google wraps up $32B acquisition of cloud cybersecurity startup Wiz
Google has officially acquired Israeli cybersecurity firm Wiz for $32 billion in all-cash, a full year after the companies announced the deal. This marks Google’s biggest acquisition in its history.
Meta acquired Moltbook, the AI agent social network that went viral because of fake posts
Meta says that Moltbook’s approach to “connecting agents through an always-on-directory” is novel.
Life EV officially owns Rad Power Bikes now
The Rad Power brand is expected to live on.
Oura acquires Doublepoint, a startup that specializes in gesture recognition technology
The company believes its next phase of wearable AI will be powered by a combination of voice and gesture.
Paramount+ and HBO Max to merge into one streaming service after WBD deal closes
If the Warner Bros. Discovery deal were to close, Paramount CEO David Ellison revealed that Paramount+ and HBO Max would combine into one platform.
What to know about the landmark Warner Bros. Discovery sale
Learn more about Paramount’s planned acquisition of Warner Bros. Discovery — a historic Hollywood megadeal valued at $111 billion — as it continues to develop.
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Etsy sells secondhand clothing marketplace Depop to eBay for $1.2B
The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.
Activist investor Ancora publicly opposes the WBD-Netflix deal
An investment group is trying to sway Netflix shareholders to reject the WBD deal in favor of Paramount.