In June, SAP made a $4.5 billion (€3.9 billion) bid for accounting platform BlackLine, but was rejected. The German software vendor may make a new bid. This is according to Reuters, based on sources. BlackLine provides cloud software that automates complex accounting processes for finance departments. The tools replace traditional spreadsheets and reduce errors. The company is of interest to SAP because of its existing collaboration. SAP sells BlackLine solutions to its customers, accounting for nearly 30 percent of BlackLine's annual revenue.
The $55 billion sale of Electronic Arts to Saudi Arabia's Public Investment Fund and a group of other private equity investors is a big deal. Some people are going to make a lot of money off it. Others may lose their jobs when the interest bill for the debt-financed portion of the leveraged buyout comes due. CEO Andrew Wilson, who will remain in charge of the Madden and Battlefield publisher even after the sale closes, is thanking his employees.
But here's the nuance: It's not that you can't proactively sell your startup. It's that acquisitions driven by an acquirer's initial interest usually yield better outcomes, given your situation and the state of the market. Our process started with inbound interest from a few companies looking to buy Kraftful for strategic reasons. To ensure the best deal, I also connected directly with CEOs, CTOs, and chief product officers at 25+ companies, leading to serious conversations with more than 10 companies.
"There are some companies that are obviously richly-valued," Kurtz told Fortune. "I think some of these companies don't realize that they are starting to move into zombieland: You look at their last round valuation, and it might be great for them, but it's expensive and it's necessarily actionable for a lot of companies, even ours." To be sure, there have been a couple of notable big-ticket acquisitions in cyber lately: Palo Alto Networks' $25 billion acquisition of CyberArk and Google's proposed $32 billion acquisition of Wiz.
Choosing the right M&A company in Dubai shapes the success of mergers, acquisitions, or business sales, leveraging the city's financial sector and strategic location.
HPE's $14 billion acquisition of Juniper Networks faces renewed scrutiny as a federal judge may review its public interest due to conspiracy theories and political objections.