Betting on upcoming startup markets

Betting on upcoming startup markets

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Sennheiser sells off its consumer brand

Sennheiser sells off its consumer brand

Long-running German audio company Sennheiser today announced that it has found a buyer for its consumer brand. Swiss holding company Sonova — a giant in the hearing aid business — will be acquiring the brand in a deal expected to close by end of year. The deal will...
Why did Bill.com pay $2.5B for Divvy?

Why did Bill.com pay $2.5B for Divvy?

As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially above the company’s roughly $1.6 billion post-money valuation that...