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Nov 15 (Reuters) - Australia's Nitro Software (NTO.AX) said on Tuesday its board had determined the near A$500 million ($335 million) offer from KKR Inc's (KKR.N) Alludo to be "superior" to an earlier bid from major shareholder Potentia Capital Management. In late October, the company took on an offer from Alludo at A$2.00 per share, which it said was an 11% premium to tech-focused private equity firm Potentia's offer of A$1.80 per share. read moreNitro in a statement said it has asked its shareholders to back the North-America based Alludo scheme and accept it, on the condition that no new superior offer prevails. The company expects to hold a shareholders meet related to the Alludo offer in March 2023. ($1 = 1.4930 Australian dollars)Reporting by Roushni Nair in Bengaluru; Editing by Anil D'Silva and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Nov 1 (Reuters) - Australia's ReadyTech Holdings (RDY.AX) said on Tuesday it has received an A$481.4 million ($308.3 million) buyout offer from Pacific Equity Partners (PEP), one of the country's biggest private equity firms. The A$4.50-per-share proposal, at a near 39% premium to the stock's last close, marks the third play for an Australian technology company since last week, highlighting increasing interest in the sector amid cheap valuations. read more read moreELMO Software (ELO.AX) last week agreed to a near-A$500 million takeover from Los Angeles-based K1 Investment Management, while Nitro Software (NTO.AX) on Monday backed a similar offer from KKR Inc's (KKR.N) Alludo. ReadyTech said funds managed by Pemba Capital Partners held 32.01% of its issued shares, and that PEP would seek to obtain the Australian corporate regulator's go-ahead for the company and Pemba to work together on the proposal. ($1 = 1.5615 Australian dollars)Reporting by Upasana Singh in Bengaluru; Editing by Devika SyamnathOur Standards: The Thomson Reuters Trust Principles.
Oct 31 (Reuters) - Australia's Nitro Software (NTO.AX) said on Monday it would back a near A$500 million ($320.15 million) offer from KKR Inc's (KKR.N) Alludo that trumps an earlier bid from major shareholder Potentia Capital Management. Shares of Nitro Software rose as much as 19.1% to A$2.06 in morning trade, the highest point since January. In a statement, Nitro said the Alludo offer was fully funded by "equity sources", without identifying the backers. Potentia has built a 19.8% stake in Nitro and declined to comment on the Alludo offer. Last week, ELMO Software (ELO.AX) agreed a $A500 million takeover from Los Angeles-based K1 Investment Management.
SYDNEY, Oct 28 (Reuters) - Australian investment firm Potentia Capital Management has increased its offer for Nitro Software Ltd (NTO.AX) to $A1.80 per share, valuing the company at A$430 million, according to a statement on Friday. Potentia said the offer would be its final after an indicative $1.58 per share bid was made in August. The deal is the second in the Australian software sector to be announced this week after K1 Investment Management said on Wednesday it had agreed a near $A500 million to buy ELMO Software. Potentia currently owns 19.8% of Nitro, maker of document software, and its stock was halted on Friday. Reporting by Scott Murdoch in Sydney; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
The Starbucks Reserve store will sell hot drinks, cocktails, and food — some of which will be exclusive to the store. The store, set to open on November 16, will be in the Starbucks Reserve format. A Starbucks Reserve store in Shenzhen, China. A barista makes coffee at a Starbucks Reserve coffee store in Shanghai, China. The nearby New York Reserve Roastery, just a five-minute walk away, has a similar menu but at higher prices.
Сервис для видео- и голосовых чатов Discord ведёт переговоры с возможными покупателями, среди которых Microsoft, пишет Bloomberg со ссылкой на источники. По словам одного источника, Discord скорее выйдет на биржу и станет публичной, чем продаст бизнес, пишет vc.ru. У Discord около 140 млн пользователей в месяц, а выручка в 2020 году составила $130 млн, хотя компания пока не прибыльна, сообщала The Wall Street Journal. Discord бесплатный, но компания зарабатывает деньги за счёт подписок Nitro — $9,99 в месяц с пользователя. По словам источников, близких к Microsoft, компания пытается нарастить активы, которые обеспечат ей доступ к большим сообществам пользователей: в 2020 году она хотела купить TikTok и вела переговоры о приобретении Pinterest.
Persons: Джейсон Цитрон, Мэтью Кантерман Organizations: Microsoft, Bloomberg, Epic, Street, Bloomberg Intelligence
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