Tuesday, July 17th, 2018

Walmart Establishes a Strategic Partnership with Microsoft
Microsoft Press Release
Walmart Press Release

Walmart announced on Monday that the partnership will help accelerate its digital transformation in retail.

The deal will help Walmart utilize the full range of Microsoft’s solutions in the cloud, artificial intelligence, and the internet of things technology.

The five-year agreement plans to assist Walmart in enhancing its performance ranging from its supply chain to its shopping experience online and in stores.

La-Z Boy Acquires an eCommerce Furniture Retailer
La-Z Boy Press Release

The company announced on Monday that it has entered into a definitive agreement to acquire Joybird, an e-commerce retailer, and manufacturer of upholstered furniture.

Joybird was founded in 2014 and is headquartered in California with manufacturing operations in Mexico. According to a company press release, its revenue was approximately $55 million in 2017.

The deal is expected to close by June 2019. It will become a wholly-owned subsidiary of La-Z Boy. Terms of the deal were not disclosed.

Salesforce Acquires Datorama
Salesforce Press Release

The company announced on Monday that it has signed a definitive agreement to acquire the cloud-based, AI-powered marketing intelligence and analytics platform that services enterprises, agencies, and publishers.

Datorama enables more than 3,000 global agencies and brands to optimize marketing campaigns, automate reporting and make data-driven decisions faster. Its clients include PepsiCo, Ticketmaster, and Unilever.

Terms of the deal were not disclosed.

Papa John’s Cuts Ties with its Founder
Company Press Release

The company stated that it’s ending its relationship with its founder John Schnatter after he reportedly used a racial slur.

The company discontinued his access to office space in its headquarters and has specifically requested that he ceases all media appearances, and not make any further statements to the media regarding the company, its business or employees.

Schnatter owns approximately 30% of the company and remains on its board.

Goldman Sachs has Reportedly Chosen its Next CEO
Financial Times
New York Times

CNBC reports that Goldman Sachs is expected to make an announcement on Tuesday regarding the appointment of its new CEO, citing sources familiar with the matter.

Multiple reports state that David Solomon is reportedly expected to be the successor to current CEO Lloyd Blankfein.

The company will also be releasing its second-quarter earnings on Tuesday.