Sunday, July 25

Acquisition

Acquisition, China, gaming, Sumo, Tech, Tech Insider, Tencent, video game

China’s Tencent is buying the video game developer behind Hitman 2, Team Sonic Racing, and LittleBigPlanet 3 for $1.3 billion

Tencent said it's buying video game developer Sumo for $1.27 billion. The Chinese tech firm already has an 8.75% stake in Sumo. Sumo's titles include Team Sonic Racing and LittleBigPlanet 3. See more stories on Insider's business page. LoadingSomething is loading. ...
Acquisition, Markets, Mergers, MI Exclusive, Mover, Movers, Stamps.com, stock market, stock market 2021, Thoma Bravo

Stamps.com soars 65% after Thoma Bravo announces it will buy the online postage company for $6.6 billion in cash

Xinhua/Wang Ying/ Getty Images Stamps.com soared 65% on Friday after Thoma Bravo said it would acquire the online postage company.Shareholders of Stamps.com will receive $330 per share, representing a 67% premium from Thursday's closing price.The deal ends a volatile history for Stamps.com as a public company, in which it was often the target of short-sellers.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Stamps.com soared as much as 65% on Friday after it agreed to be acquired by Thoma Bravo for $6.6 billion in cash.Shareholders of the online postage company popular with e-commerce store owners will receive $330 per share, representing a 67% premium from Thursday's closing price of $197.72.The deal ends a volatile history for Stamps.com as a p...