cowboy, lasso, farm

Superloop knocks back Aussie Broadband’s $466 million takeover bid as ‘opportunistic’

- February 29, 2024 3 MIN READ

Expanding internet service provider Aussie Broadband is weighing its options after fibre infrastructure operator Superloop rejected as “opportunistic” a proposed acquisition that Aussie said would have created a serious market rival to “incumbents” Telstra and Optus. A merger of the companies – which would have created a “scale player” providing a wider product offering to… Read more »

Earlypay CEO James Beeson

ASX-listed Earlypay to acquire Melbourne fintech Timelio for $3 million – a quarter of the $12.5m investors poured into it

- November 7, 2023 2 MIN READ

ASX-listed Earlypay is acquiring invoice financing fintech Timelio in a deal that delivers a major haircut for the startup’s investors. The Melbourne fintech provides invoice and trade financing to Australian SMEs, but appears to have been on a downward trajectory for more than 12 months. Cofounders Charlotte and Andrew Petris left Timelio in mid-2022. Charlotte… Read more »

Atlassian, Mike Cannon-Brookes, Scott Farquhar.

Atlassian to acquire US video messaging startup Loom for $1.5 billion

- October 13, 2023 2 MIN READ

Australian workplace software giant Atlassian is spending US$975 million (A$1.5bn) to acquire seven-year-old US video messaging startup Loom. The deal represents around 2% of Atlassian’s  (NASDAQ: TEAM) current market capital of around US$48 billion. But it’s also something of a bargain, with the price less than two-thirds of Loom’s peak valuation of US$1.53 billion in… Read more »

Nourish Foods cofounder Monica Meldrum

Healthy children’s snack brand Nourish Foods lives on after Tempo Group acquires it from the receivers

- October 12, 2023 2 MIN READ

Nourish Foods, the parent company of organic children’s food brand Whole Kids, has new owners, with the Tempo Group buying the brand’s intellectual property from the company’s administrators. John McInerney and Matt Byrnes from Grant Thornton took charge of the business as receivers in mid-September, a week after it was placed in voluntary administration following… Read more »