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.
"Today's browsers weren't built for work; they were built for browsing. This deal is a bold step forward in reimagining the browser for knowledge work in the AI era," Mike Cannon-Brookes, Atlassian's CEO and co-founder, said in a statement. "Together, we'll create an AI-powered browser optimized for the many SaaS applications living in tabs - one that knowledge workers will love to use every day," he added.
Mike Cannon-Brookes, the CEO of enterprise software giant Atlassian, was one of the first users of the Arc browser. Over the last several years, he has been a prolific bug reporter and feature requester. Now he'll own the thing: Atlassian is acquiring The Browser Company, the New York-based startup that makes both Arc and the new AI-focused Dia browser. Atlassian is paying $610 million in cash for The Browser Company, and plans to run it as an independent entity.
In January, I uncovered Good Daily, which in less than a year had quietly expanded to more than 350 towns and cities. Each newsletter included fabricated testimonials and portrayed itself as being run by local community members.
This breaks the Silicon Valley social contract. This is bad for startup employees. They're going to be less likely to join startups. What's the point of joining a startup and working your ass off if you might get screwed?
"Our business is structured around Bitcoin as a core asset," said the CEO of Matador Technologies Deven Soni. "This approach extends beyond treasury management to include infrastructure and operational components aligned with the Bitcoin ecosystem. Execution is subject to financing, market conditions and regulatory approval."