Usually around tax time you hear the name Intuit (News - Alert) a lot. Commercials concerning preparing your taxes usually run endlessly starting near the end of January. The company was formed because its founder was looking for a better way to balance the family checkbook. It has come a long way since 1983! This week Intuit is making its name heard again as it works on a deal to acquire Check Inc. This is a company whose focus is on tracking personal finances and paying bills through the use of mobile phones.
Beats Electronics, is a company that was co-founded by Dr. Dre in 2008. It seems that in just six short years it has sewn up the entire high-end consumer headphones market. Back in January, Beats also launched Beats Music, a streaming music service that’s similar to Spotify. So why am I telling you all this? The reason is that this week Apple (News - Alert) has confirmed its acquisition of Beats Electronics for $2.6 billion in cash and $400 million in stock that will vest over time, bringing the total for this transaction to $3 billion.
Mind Your Own Business, or MYOB as it known in Australia, is a multinational corporation that provides tax, accounting, as well as other services to small and medium businesses (SMB). Dovetail is an innovative start-up that provides online document collaboration solutions to accountants. This week, MYOB purchased Dovetail. According to MYOB, this acquisition should deliver substantial value to both accountants and their clients.
Every day companies all over the world make deals, raise funds and form partnerships. We try to keep an eye on these Wheelings & Dealings. Whether it is an acquisition or a joint partnership that benefits several companies, we will keep you apprised of all of the important details.