Salesforce has agreed to acquire Braze for about $5.66 billion in enterprise value. Holders of Braze Class A stock will receive $47.50 per share in cash, and the deal is expected to close in Salesforce’s fiscal 2028, subject to shareholder and regulatory approvals.
Shares rose sharply on Tuesday and closed at $45.57 after a brief premarket halt.
The company announced the purchase of AI customer service platform Fin for about $3.6 billion just months earlier.
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Visa announced it will acquire Israeli fraud-detection startup BioCatch for $2.4 billion in cash from Permira and other investors. The purchase centers on behavioral biometrics technology and expands the payments company’s fast-growing value-added services business as global fraud losses surpass $1 trillion a year.
Payward Inc., Kraken's parent, agreed to acquire Hong Kong stablecoin payments firm Reap Technologies for $600 million in cash and stock. The deal expands the company into Asian cross-border payments and marks its second major acquisition in a month after buying Bitnomial.
GE Vernova agreed to buy high-voltage grid equipment maker Trench Group from Triton Partners for $9.0 billion (about €8.0 billion), funded equally with cash and debt. The deal is expected to close in late 2027, subject to regulatory approvals.
ADT and Thrive Holdings announced an all-cash deal that values ADT at about $7.6 billion in equity value and $15.3 billion in enterprise value, according to the companies. ADT stockholders would get $10.00 per share, and the companies expect the deal to close in the first quarter of 2027, pending stockholder and US antitrust approval.
Marvell is in advanced talks to acquire optics maker Lumentum, Bloomberg News reported Oct 28, citing people familiar, and a source told Reuters the same. A deal could be announced as soon as next week, though talks are private and no agreement has been reached. Lumentum rose about 9% after hours and Marvell fell more than 8%, per Reuters.
