{"id":27713,"date":"2023-06-26T14:39:23","date_gmt":"2023-06-26T18:39:23","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/4-big-deal-reports-ibm-to-buy-out-apptio-for-5b-per-media-reports\/"},"modified":"2023-06-26T14:39:24","modified_gmt":"2023-06-26T18:39:24","slug":"4-big-deal-reports-ibm-to-buy-out-apptio-for-5b-per-media-reports","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=27713","title":{"rendered":"4 big deal reports: IBM to buy out Apptio for $5B, per media reports"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: IBM and Apptio merger rumors, Eli Lilly acquires Dice Therapeutics, Amazon’s iRobot acquisition faces EU antitrust investigation, and Stratasys <\/span><\/span> determines 3D Systems’ offer not a ‘Superior Proposal’ to Desktop Metal agreement.<\/p>\n

InvestingPro subscribers got this news first. Never miss another market-moving headline.<\/p>\n

IBM to acquire Apptio for $5 billion, says WSJ<\/strong><\/h2>\n

IBM <\/span><\/span> (NYSE:) is close to buying cloud-focused software firm Apptio for around $5 billion, per the Wall Street Journal – and the deal could be finalized over the weekend, according to the people familiar with the matter. Neither IBM nor Apptio have commented on the matter.<\/p>\n

The acquisition aligns with IBM’s recent trend of software purchases like Turbonomic in 2021 and Red Hat in 2019.<\/p>\n

IBM is expected to report Q2 earnings next month, with analysts looking for a slight rise in revenue but a drop in earnings per share to $2.01 from last year’s $2.31<\/p>\n

\"InvestingPro<\/p>\n

Eli Lilly to acquire Dice Therapeutics for $2.4B<\/strong><\/h2>\n

Dice Therapeutics (NASDAQ:) shares jumped more than 37% on Tuesday after Eli Lilly (NYSE:) said it has agreed to acquire the biotech company for $48 per share in cash, an aggregate of approximately $2.4B.<\/p>\n

Amazon’s iRobot acquisition to face EU antitrust investigation<\/strong><\/h2>\n

Amazon’s (NASDAQ:) $1.7B acquisition of iRobot (NASDAQ:) is set to undergo an EU antitrust investigation, Reuters reported on Thursday. According to the sources familiar with the matter, the European Commission is planning to undertake a four-month investigation into the deal after the end of its preliminary review acquisition on July 6. Reuters sources suggest Amazon may yet convince the EU of the deal’s pro-competitive nature, but the odds are high against it.<\/p>\n

iRobot shares fell around 15% this week.<\/p>\n

Another report on Thursday led to a surge in Ocado (LON:) share prices by around 43%. The catalyst was rumors of a potential takeover by Amazon. The Times suggested that Amazon, in collaboration with investment banks JP Morgan and Goldman Sachs, could make an offer, valuing Ocado at around \u00a36.6B ($7.67B).<\/p>\n

Stratasys says 3D Systems’ offer not a ‘Superior Proposal’ to Desktop Metal agreement <\/strong><\/h2>\n

Stratasys (NASDAQ:) announced that its Board of Directors determined that the May 30 unsolicited non-binding indicative proposal from 3D Systems (NYSE:) to acquire Stratasys does not constitute a \u201cSuperior Proposal\u201d and does not provide a basis upon which to enter into discussions with 3D Systems, pursuant to the terms of the merger agreement with Desktop Metal Inc (NYSE:).<\/p>\n

Stratasys saw a surge in shares prices since the start of the month after it announced it had received an unsolicited cash-and-stock offer from 3D Systems to acquire the company: $7.50 in cash and 1.2507 newly issued 3D Systems shares per ordinary Stratasys share.<\/p>\n

Jeffrey Graves, CEO of 3D Systems, voiced his disappointment over Stratasys’ decision, stating that they remain undeterred in the belief that a transaction between 3D Systems and Stratasys on the terms proposed constitutes a \u2018Superior Proposal.\u2019<\/p>\n

Get ready to supercharge your investment strategy with our exclusive discounts.<\/p>\n

Don’t miss out on this limited-time opportunity to access cutting-edge tools, real-time market analysis, and expert insights. Join InvestingPro today and unlock your investing potential. Hurry, the Summer Sale won’t last forever!<\/p>\n

\"summer<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Here is your Pro Recap of four head-turning deal dispatches you may have missed this week: IBM and Apptio merger rumors, Eli Lilly acquires Dice Therapeutics, Amazon’s iRobot acquisition faces EU antitrust investigation, and Stratasys determines 3D Systems’ offer not a ‘Superior Proposal’ to Desktop Metal agreement. InvestingPro subscribers got this news first. […]<\/p>\n","protected":false},"author":1,"featured_media":27714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-27713","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\n4 big deal reports: IBM to buy out Apptio for $5B, per media reports | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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