Acquiry analysis
Deal Intelligence
Transaction-level analysis of the acquisitions that move digital markets: who bought, what they paid, how the deal was structured and what it signals for the next buyer.
44 published pieces

Latest · Deal Intelligence · Gaming
Caesars Shareholders Approve Fertitta’s $17.6bn Take-Private
Acquiry analysis of Caesars Entertainment shareholders’ approval of Tilman Fertitta’s ~$17.6bn take-private: the $31.00 cash price, the ticking fee, the vote tally and the FTC review that now decides whether it closes.
Gaming

Deal Intelligence · Gaming
Winvia To Buy Online Lottery Cos. For Up To £19.1M
Winvia is paying £19.1m in disclosed cash for The Giveaway Guys and Win Life, then trying to run two more UK prize-draw brands through a platform it already owns.

Deal Intelligence · Gaming
Gaming1 Acquires Pac-Man NV: Full Ownership of Belgian Operator Carousel
Gaming1 acquired 100% of Pac-Man NV, the company behind Belgian online casino operator Carousel / Carousel Group. The long-standing partnership since 2012 becomes full ownership, with Pac-Man NV's Belgian licence and digital portfolio integrated immediately and no employees transferred.

Deal Intelligence · Gaming
Barry Diller Drops Bid to Acquire MGM Resorts: 'We Didn't Feel the Mix Was Coming Together'
People Incorporated withdrew its proposal to purchase the remaining public shares of MGM Resorts International. Barry Diller cited a mix that was not coming together. People keeps about 27% of MGM while the board commits to a standalone strategy.

Deal Intelligence · Gaming
BetMGM acquires online casino rights for The Traitors
BetMGM's exclusive online casino rights partnership with All3Media International turns The Traitors into a planned multi-title iGaming franchise. The first title is live across six named U.S. and Canadian regions inside BetMGM Casino and Borgata Online.

Deal Intelligence · Gaming
Merkur to Take Control of Société Française de Casinos at €6.19 a Share
Merkur Spielbanken Beteiligungs GmbH signed on 17 September 2026 to buy 95% of Casigrangi, which holds 81.21% of Société Française de Casinos, at a transparency price of €6.19 a share. Close is targeted for Q1 2027.

Deal Intelligence · Gaming
Kakao Games to Take Control of ME2ON: Why Social Casino Fits Its Overseas Strategy
Kakao Games will become ME2ON's largest shareholder for ₩98.0bn cash, pairing a founder control block with a ₩27.9bn capital injection into a profitable social-casino operator.

Deal Intelligence · Gaming
Betsson Acquires Rhino Entertainment Canada and Brings a Licensed iGaming Platform In-House
Betsson completed its €64.5m acquisition of Rhino Entertainment Group's Canadian B2C business and technology assets. Acquiry examines the regulated-market footprint, B2B technology rationale, funding and integration agenda.

Deal Intelligence · Gaming
OpenBet to Acquire OmniLogic: Why the Deal Strengthens Its Lottery Sportsbook Strategy
OpenBet is acquiring OmniLogic to add specialist lottery and retail sportsbook technology it can take into accounts it already serves.

Deal Intelligence · Gaming
CIRSA Acquires Slots del Sol and Opens a Paraguay Route for Omnichannel Gaming
CIRSA has acquired a majority stake in Slots del Sol, adding a Paraguay online casino and land-based footprint. Acquiry Deal Intelligence examines the disclosed facts, platform logic and execution agenda.

Deal Intelligence · Gaming
Banijay Gaming Acquires Groupe JOA to Build France’s Omnichannel Gaming Platform
Acquiry Deal Intelligence analysis of Banijay Gaming’s acquisition of Groupe JOA, covering the French casino estate, omnichannel strategy, regulatory path and operating footprint.

Deal Intelligence · Gaming
GiG Buys Control of 888AFRICA and Brings a B2C Growth Engine Into a Leaner iGaming Platform
GiG Software has proposed a €16.4m acquisition of 80% of 888AFRICA, backed by €8.5m of completed equity and convertible funding. Acquiry Deal Intelligence examines the disclosed terms, target operating metrics, integration agenda and source record.

Deal Intelligence · Gaming
Allwyn Acquires OPAP for €16 Billion: The Making of the World's Second-Largest Lottery Operator
Karel Komarek's Allwyn is consolidating its 51.78% stake in OPAP into a full business combination valued at €16 billion. The result is a lottery-led gaming empire spanning 13 markets, 50 million customers, and €2.8 billion in pro forma EBITDA. This is not a conventional acquisition. It is a public market listing engineered through a reverse merger.
SaaS

Deal Intelligence · SaaS
Motorola Solutions Acquires D-Fend and Brings Airspace Control Into the Public-Safety Stack
Acquiry Deal Intelligence analysis of Motorola Solutions' completed $1.5bn acquisition of D-Fend Solutions, covering valuation, counter-drone technology, distribution, regulation and integration.

Deal Intelligence · SaaS
R1 Acquires Humata Health and Moves Prior Authorisation Into the Revenue-Cycle Operating System
Acquiry Deal Intelligence analysis of R1's acquisition of Humata Health, prior-authorisation automation for Phare OS. Terms undisclosed.

Deal Intelligence · SaaS
osapiens Acquires Nasdaq Metrio: Why a Reporting Platform Fits Its Hub
osapiens has completed the acquisition of Nasdaq Metrio's platform and customers. Price is undisclosed. The logic is a North American reporting foothold on a shared compliance data layer.

Deal Intelligence · SaaS
Bending Spoons puts $1.285bn on Airtable and turns its roll-up on enterprise software
Milan-listed Bending Spoons signed an all-cash definitive agreement for 100% of Airtable at $1.285 billion enterprise value. Equity value is roughly $2.25 billion once net cash is included, the roll-up's largest disclosed bet and first major workflow platform acquisition since listing on Nasdaq.

Deal Intelligence · SaaS
Francisco Partners puts ~$650m on Weave and takes healthcare's AI engagement platform private
Francisco Partners signed a definitive agreement on 18 August 2026 to acquire Weave Communications (NYSE: WEAV) at approximately $650 million aggregate equity value and $7.40 per share in cash. The ~34% premium take-private folds a 40,000-location AI patient engagement and payments platform into PE ownership with a Q4 2026 close target.

Deal Intelligence · SaaS
ServiceNow Completes $7.75 Billion Armis Deal to Own Cyber-Physical Visibility
News Analysis · Cybersecurity

Deal Intelligence · SaaS
NetApp Acquires JetStream to Reach VMware Workloads Beyond Its Own Storage
News Analysis · Data Infrastructure
Fintech

Deal Intelligence · Fintech
Goldman in Talks to Buy $37 Billion Credit Firm Palmer Square
Goldman Sachs has emerged as the reported lead bidder for Palmer Square Capital Management. The $37bn figure is AUM, not purchase price; deal terms remain undisclosed.

Deal Intelligence · Fintech
Grab to Take Control of Atome Financial: Why Lending Fits Its Superapp
Grab is paying $1.49bn in cash for 60% of Atome Financial, including $0.26bn of primary growth capital, and has agreed a formula to buy the rest about two years after close.

Deal Intelligence · Fintech
The Baldwin Group $7.7 Billion Take-Private: Deal Terms, Valuation and Strategic Analysis
An in-depth institutional M&A deal intelligence report covering the transaction terms, financial baseline, and core valuation metrics of the Baldwin buyout.

Deal Intelligence · Fintech
Munich Re puts $575m on At-Bay and bets the cyber market belongs to InsurSec
Germany's reinsurance giant signed a definitive agreement for US InsurSec leader At-Bay at $575 million enterprise value on 19 August 2026. The deal folds a top-ten US cyber insurer, and the security platform behind it, into Hartford Steam Boiler, Munich Re's specialty line that has backed At-Bay since day one.

Deal Intelligence · Fintech
Visa Agrees to Buy BioCatch for $2.4 Billion to Stop Fraud Upstream of Payment
News Analysis · Payments & Risk

Deal Intelligence · Fintech
Global Payments Acquires Worldpay for $24.25 Billion: The Three-Way Deal That Reshaped Payments
Acquiry analysis of Global Payments’ $24.25bn acquisition of Worldpay from GTCR and FIS, and the $13.5bn sale of Issuer Solutions to FIS: structure, flow of funds, valuation, synergies, risks and lessons.
Industrials

Deal Intelligence · Industrials
GE Aerospace to Buy CPP: $11.75bn for Mission-Critical Castings
GE Aerospace agreed to acquire Consolidated Precision Products for a $11.75bn cash purchase price, financed with $7bn cash and the remainder in new debt, with close aimed at the second half of 2027.

Deal Intelligence · Industrials
Schneider to Buy Smart Device Firm Shelly in $1.4 Billion Deal
Schneider Electric, via SE 2026 A SAS, intends a voluntary public takeover of Shelly Group at EUR 70.00 per share, with a 95% acceptance threshold and Bulgarian FSC clearance still ahead.

Deal Intelligence · Industrials
Telix to Acquire ITM for $1.65bn and Own the Radioisotope Stack
Telix will acquire 100% of ITM for US$1.65bn cash-free/debt-free, mostly in shares, plus up to US$700m of ITM-11 milestones. Close is targeted by the end of 2026.

Deal Intelligence · Industrials
Madison Air Acquires ebm-papst and Builds a Global Airflow Platform From the Component Up
Madison Air’s acquisition of ebm-papst: €5.1bn enterprise value, 14.6x forecast 2026 adjusted EBITDA, $160m run-rate synergy plan and the industrial logic behind a cross-border airflow platform.

Deal Intelligence · Industrials
Veralto puts $465m on Cleanwater1 and extends its Water Quality franchise
NYSE-listed Veralto signed a definitive agreement to acquire Cleanwater1 for $465 million on 19 August 2026. Net of estimated tax benefits the price is about $452 million, or roughly 17× LTM adjusted EBITDA, bringing an installed base of ~25,000 disinfection and solids units into Veralto's Water Quality segment beside Trojan Technologies.
AI

Deal Intelligence · AI
Salesforce Acquires Fin and Brings a Scaled Customer Agent Into Agentforce
Acquiry Deal Intelligence analysis of Salesforce’s proposed acquisition of Fin, covering the announced $3.6bn consideration, customer-agent economics, product strategy, integration priorities and source disclosures.

Deal Intelligence · AI
Fleetx.ai Acquires Pando.ai and Extends From Fleet Visibility Into Freight Execution
Acquiry Deal Intelligence analysis of Fleetx.ai’s acquisition of Pando.ai, covering disclosed terms, product logic, capital history, integration, risks and source disclosures.

Deal Intelligence · AI
Stripe Acquires OpenRouter and Moves Into the Layer That Decides Which Model Gets the Request
Stripe has agreed to acquire OpenRouter, the model gateway routing 400+ models from 80+ providers. Neither company disclosed a price; the New York Times reported $7.5bn. Acquiry analysis of the implied 53.6x revenue multiple, the 5.5 per cent fee model, the token deflation question, and what is not in the public record.

Deal Intelligence · AI
Adobe Acquires Semrush for $1.9 Billion: GEO, AI Search, and the Future of Brand Visibility
Adobe's all-cash acquisition of Semrush is not a conventional SaaS bolt-on. It is a direct bet that generative AI is dismantling the economics of traditional search, and that whoever controls brand visibility data in the LLM era controls the next layer of digital marketing infrastructure.
Media

Deal Intelligence · Media
Hearst Moves to Full Ownership of A+E Global Media in $1.2 Billion Disney Deal
News Analysis · Media & Entertainment

Deal Intelligence · Media
Paramount Skydance wins legal battle over $110 billion Warner Bros. acquisition
Paramount Skydance and Warner Bros. Discovery have settled the final major litigation over their reported $110 billion enterprise-value merger, but court approval and dissolution of the no-close order remained pending on 22 September 2026.

Deal Intelligence · Media
The End of an Era: Deconstructing the $110 Billion Paramount-Warner Bros. Discovery Megadeal
The largest media M&A transaction in nearly a decade is not just a deal. It is a structural realignment of the entire media landscape. Acquiry breaks down the financing, the bidding war, the regulatory chess match, and what happens next.
Healthcare

Deal Intelligence · Healthcare
Roche Acquires Foundation Medicine and Brings Precision Oncology’s Data Layer Fully In-House
Acquiry Deal Intelligence analysis of Roche’s acquisition of the remaining Foundation Medicine stake, covering terms, valuation, rationale, integration and source disclosures.

Deal Intelligence · Healthcare
BioMarin puts $275m upfront on Alesta to secure ALE1, a potential first oral therapy for HPP
Nasdaq-listed BioMarin signed a definitive agreement on 18 August 2026 to acquire Alesta Therapeutics for $275 million upfront plus up to $215 million in milestones, gaining the Phase 1/2a oral HPP candidate ALE1 while Alesta spins out everything else before close.
Data & AI software
Gaming & interactive entertainment
Crypto
Cybersecurity
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