Food-delivery company Wonder announced a deal to acquire independent media firm Tastemade, which produces original content spanning food, travel, and home and design. Financial terms of the deal weren’t disclosed. Wonder is buying Tastemade for about $90 million, according to sources, as first reported by the Wall Street Journal. Tastemade had raised $131 million from investors including Amazon, …
Tag Archives: Mergers & Acquisitions
Uber ends Foodpanda Taiwan acquisition after regulatory hurdles
March 11 (Reuters) – Uber has terminated its $950 million bid for Delivery Hero’s Foodpanda business in Taiwan, the food delivery company said on Tuesday, owing to regulatory hurdles. Taiwan had in December blocked the deal on anti-competitive concerns. Its Fair Trade Commission argued the buyout of Uber’s main rival, Foodpanda, would increase the combined market share to 90% …
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Olo vs Toast: $2B vs $25B – The Strategic Tale of Two Tech Giants
Here’s a concise tweet summarizing the Olo vs Toast analysis: 🧵 Olo vs Toast: A $2B vs $25B tale of strategic choices Both restaurant tech companies IPO’d in 2021, but chose radically different paths: 🎯 Olo: Enterprise-first (300k locations) → Higher margins (61% vs 25%) → $339M revenue (2025E) → Acquired for $2B 🚀 Toast: …
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Olo to be Acquired by Thoma Bravo in $2B All-Cash Deal
In a major move in restaurant tech, Olo will be acquired by Thoma Bravo in a $2 billion cash deal. Olo says this will support growth and product expansion for the over 750 restaurant brands it currently works with. Founded in 2005, Olo has grown into a widely used platform for restaurants looking to manage …
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How DoorDash is evolving its retail media arm as ad revenue grows
Delivery giant DoorDash last week announced the first acquisition to strengthen its advertising division with a $175 million deal for the ad-tech startup Symbiosys. Uniting the two companies, which have worked together for the better part of two years, highlights the growing importance of offsite ads for retail media networks that are reaching fresh levels of maturity and grappling more …
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Introducing the New DoorDash Ads: AI-Powered Tools and Acquisition of Ad Tech Platform Symbiosys to Help Restaurants and Brands Grow
Key Takeaways DoorDash (NASDAQ: DASH), one of the world’s leading local commerce platforms, is launching its most significant update to its advertising platform to date, introducing a new suite of AI-powered tools and announcing the acquisition of ad tech platform Symbiosys to expand offsite advertising capabilities. Symbiosys is a next-generation retail media platform that helps brands expand …
DoorDash CEO Tony Xu is taking on the role of industry consolidator in food delivery
During the depths of the Covid pandemic, with restaurants around the country facing an existential crisis, DoorDash CEO Tony Xu had an unconventional proposal. He wanted to cut commissions. Chief Business Officer Keith Yandell worried that such a move would result in a massive hit to profits ahead of the company’s planned IPO. But Xu made a …
Thoma Bravo to buy Olo in deal valuing restaurant tech firm at $2 billion
July 3 (Reuters) – Buyout firm Thoma Bravo has agreed to acquire Olo (OLO.N), opens new tab in an all-cash deal valuing the company at about $2 billion, the restaurant software provider said on Thursday, sending its shares up more than 13% in early trading. Olo shareholders will receive $10.25 per share in cash under the terms …
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Olo sells itself for $2B
Dive Brief: Dive Insight: Despite having a successful IPO, the chain has struggled in recent quarters, laying off 9% of its corporate staff in September to position the company for balanced growth. That was in addition to an 11% cut to its staff in June 2023. Tech companies have struggled on the stock market in the past few years. …
Giftify, Inc. Announces Strategic Acquisition of TakeOut7 to Expand Restaurant Technology and Digital Marketing Platform
Acquisition adds comprehensive restaurant ordering and AI-powered marketing solutions to Giftify’s digital commerce ecosystem Combined platform connects over 185,000 restaurants with enhanced technology suite for independent operators SCHAUMBURG, IL, June 05, 2025 (GLOBE NEWSWIRE) — Giftify, Inc. (NASDAQ: GIFT) (the “Company”), the owner and operator of CardCash.com and Restaurant.com, and a leader in the incentives and …