Google confirmed on Tuesday that it is has acquired the Canadian smart glasses company North. Terms of the deal were undisclosed, though a report last week said Google was set to pay $180 million for the roughly 300-person startup. In a blog post announcing the acquisition, Google’s head of hardware Rick Osterloh said North’s expertise would help the company in its effort to create...
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DEALS startups Finance
What Deals Drought? Founders Without Backing Are Still Selling Their Businesses
Merger and acquisition activity has been anemic for more than a year, with buyers and sellers often far apart on price after valuations have taken a beating. But one corner of the M&A market has held up much better than others during the doldrums: the sale of companies owned by a founder with neither venture capital nor private equity backers. The number of deals of that type declined just...
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