Sotheby’s Gets Acquired
The auction house announced that it has signed a definitive merger agreement to be acquired by BidFair USA, an entity that’s wholly owned by Patrick Drahi, a media and telecom entrepreneur.
As part of the deal, investors will receive $57 in cash per share of Sotheby’s common stock in a transaction valued at $3.7 billion.
The transaction makes Sotheby’s a private company after 31 years as a publicly traded company on the New York Stock Exchange.
Accenture Acquires Deja vu Security
The professional services firm announced that it’s acquiring Deja vu, a Seattle-based security design, enterprise software and Internet of Things testing company.
Deja vu helps firms increase their cyber security by integrating security throughout the product development process.
The deal will help Accenture boost its expertise in connected devices and Internet of Things space, while also helping provide end-to-end cybersecurity solutions for its clients. Terms of the transaction were not disclosed.
Collective Health Secures New Funding
The employer health benefits platform announced that it has raised $205 million in new funding led by the Softbank Vision Fund.
The new funding looks to accelerate the adoption of its platform in the United States, deepen strategic partnerships, and invest in its technology capabilities “to address fundamental health insurance service”.
The company, which was founded in 2013, has over 45 enterprise clients in various industries including entertainment, agriculture, and technology.