Swedish Fashion Brand Twist & Tango Undergoes Ownership Restructure as Founder Acquires Majority Stake
Gertrude Tornvall, former PR chief and creator of the fashion brand, becomes a 50% owner by purchasing the co-founder’s stake.
Acquisition
Romanian Marketing Platform theMarketer Acquires Conectoo Email Marketing Service
theMarketer acquires Conectoo, an email marketing platform from Conversion Marketing SRL, part of eMAG Group
Chelsea FC Set to Acquire Midfielder Marco Palestra from Atalanta for €55 Million
Chelsea FC is close to signing Marco Palestra from Atalanta with a 5-year contract worth 5 million euros per season and a transfer fee of 55 million euros
Walmart Acquires French Adtech Startup Vibe to Strengthen Advertising Platform
Walmart acquired Vibe, an adtech startup founded by two French entrepreneurs
Romanian IT Company Bittnet Systems Divests Majority Stake in Elian Solutions to Latvian Buyer
Bittnet Systems sold a 61.68% stake in Elian Solutions to Latvian company Digmatix for 6 million EUR
Hyundai pursues acquisition of SoftBank’s stake in Boston Dynamics for $325 million
Hyundai wants to buy SoftBank’s 9.65% stake in Boston Dynamics for $325 million
Rakuten explores sale of French marketplace as e-commerce challenges mount in Europe
Rakuten is seeking a buyer for its French marketplace, which was previously known as PriceMinister. If no buyer is found, the Japanese company may shut down the platform.
Swedish E-Commerce Company Ellos Rejects Acquisition Offer
Swedish e-commerce company Ellos rejects acquisition offer
American Express to Acquire TheFork for $700 Million
American Express has made a proposal to acquire TheFork, a European restaurant booking platform, for $700 million.
Belfius Insurance Acquires Leocare to Strengthen European Digital Insurance Position
Belfius Insurance acquired Leocare, aiming to build a European champion in digital insurance