Quick Take Internet hosting services provider Wix.com (NASDAQ: WIX) has acquired creative community website DeviantArt for $36 million in cash and assumed liabilities. DeviantArt is considered to be the largest online artist community and represents an expansion of Wix's core focus into bringing its technological efficiencies and marketing capabilities to online communities.
The investment firm that owns Krispy Kreme, Caribou Coffee and other enterprises, is purchasing the Panera Bread Co. for $315 per share in cash - a premium of roughly 30 percent over its recent average trading price. The deal with JAB Holding Co. is valued at around $7.5 billion, Panera said Wednesday.
Hormel ( HRL) has been on a tear since mid-October as prices have spiked from a 52-week low all the way up to a 52-week high by early December. We normally wouldn't expect this kind of volatility from HRL, but after a long downturn, it makes sense that HRL was ultimately oversold.
Wix emerged in 2006 as part of a new generation of startups on a mission to do for website creation what Blogger, WordPress and Tumblr have done for bloggers and content creators. Riding the increasing demand for easy-to-use, DIY website builders, Wix is now one of the largest platforms of its kind on the Web, along with Weebly and SquareSpace.
Microsoft will offer software to track marijuana from "seed to sale"
When it comes to high-powered dealmaking, 2017 may be the year that footwear-and-apparel companies raise the stakes. Digital competition and a rapidly evolving consumer landscape are sending fashion firms to the negotiating table at a quick pace, but experts say those same factors call for an unprecedented level of precision on the part of dealmakers this time around.
Microsoft secured regulatory approval for its $26 billion acquisition of LinkedIn earlier this week, and the software giant is finalizing the deal today. In a LinkedIn note, of course, Microsoft...
Apple has acquired the Workflow automation app, which allows iOS users to trigger a sequence of tasks across apps with a single tap. A spokesman for Apple confirmed on Wednesday the company's acquisition of DeskConnect, the developer of the app, and the Workflow app, but did not provide further details.
The last two months have been busy ones for the marijuana community. Most recently, the Drug Enforcement Administration (DEA) declined to loosen restrictions on medical marijuana, and kept the drug classified in the same 'Schedule 1' category as LSD and heroin.