4 Merger and Acquisition Stories Investors Should Check Out
IAC/InterActiveCorp (NASDAQ:IACI): Closing price $46.03
On Monday, IAC reported that it has purchased the online tutoring solution Tutor.com. The latter was founded in 1998, and links up students at any time, any place, with more than 2,500 screened and qualified tutors for immediate one-to-one sessions. Financials of the transaction were not disclosed.
athenahealth (NASDAQ:ATHN): Closing price $77.99
It was announced that athenahealth will purchase Epocrates (NASDAQ:EPOC), a mobile health pioneer that developed the most-widely adopted point-of-care medical application among American physicians. The boards of each party agreed to the cash price of $11.75 per share, for a total amount of roughly $293 million. The aggregate marks a 22 percent premium over the close of Epocrates on NASDAQ on January 4th. The buyer is a leading provider of cloud-based electronic health record, practice management, and care coordination services to medical groups and health systems.
Shutterfly (NASDAQ:SFLY): Closing price $32.45
On Monday, Shutterfly said that it has bought ThisLife, which is a cloud-based solution that offers intuitive photo and video organization, storing, and sharing. Financial terms were not mentioned in the release. The combination of ThisLife with the buyer’s multi-channel platform, seamless creation paths, and robust cloud, which can store 18 billion images, supplies a unified, end-to-end solution for customers to intelligently organize, store, share and create physical and digital products across web and mobile devices.
Sony Corporation (NYSE:SNE): Closing price $10.97
Sony partners with BMG to bid for Parlophone and other EMI labels that are being divested by Universal Music, a move that brings Sony and Bertelsmann back together some four years after they unhooked their Sony BMG joint venture. The linkup should raise the competition for the auction of labels that regulators forced Vivendi’s Universal to sell off, to gain approval for its acquisition of EMI in 2012.