The acquisition of one of Indianapolis’ largest public companies came after months-long negotiations between Duke and San Francisco-based Prologis and broadens the firm’s logistics and industrial holdings in key locations, including Southern California, New Jersey, South Florida, Chicago, Dallas and Atlanta.
Indianapolis-based Mi-Tech Tungsten Metals LLC has been acquired by Towanda, Pennsylvania-based Global Tungsten & Powders Corp.
Rangeline Solutions, a Microsoft partner that offers supply-chain consulting services, has been acquired by Sweden-based Nexer, which plans to grow Rangeline’s Carmel office as part of its broader U.S. expansion plans.
Megadeals announced early in the year were soon replaced by jitters about getting mergers and acquisitions over the finish line, with monthly deal activity plummeting by almost half from May to June. The volumes have yet to recover.
At least 80 special-purpose acquisition companies, which have raised $24 billion in total, face a wall of investor meetings that will give clients the chance to exit ahead of a new U.S. tax that could hurt their returns.
The Indianapolis-based digital marketing agency announced Wednesday it has acquired Fishers-based Statwax, a performance marketing agency that focuses on data science and analytics.
Indianapolis-based Sharpen, which was founded in 2011, topped IBJ’s list of fastest-growing private companies last year.
Xbox maker Microsoft has faced months of resistance from Sony, which makes the competing PlayStation console and has raised concerns with antitrust watchdogs around the world about losing access to popular game franchises such as Call of Duty.
UN Communications Group, founded in 1975, will retain its staff and continue to operate in Carmel.
Founded in 1977 and originally known as Indianapolis Home & Garden, Indianapolis Monthly magazine was purchased by Emmis in 1988.
The acquisition is designed to accelerate Indianapolis-based Corteva’s biologicals business and make it one of the largest players in the market.
Decimal, a software-as-a-service firm based in Indianapolis, has acquired the cloud-based bookkeeping business formerly owned by Big Four accounting firm KPMG.
Carmel-based accounting firm Blue & Co. LLC has acquired Alerding CPA Group in Indianapolis.
Paramount Global says it still plans to sell Simon & Schuster, a nearly century-old company where authors include Stephen King, Colleen Hoover and Bob Woodward.
The combined firm will have more than 575 attorneys in 17 offices across nine states and Washington, D.C.
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.
The deal would make Binance, which is already the biggest cryptocurrency exchange by daily volume, an even more dominant player in the cryptocurrency industry.
The lawsuit asks the court to block the payment until the attorneys general have reviewed Albertsons’ proposed merger with Kroger Co.
The judge issued a brief ruling Monday, agreeing with the Justice Department that the joining of two of the world’s biggest publishers could “lessen competition” for “top-selling books.”
Follett, an educational services company with about 6,000 employees nationwide, said it plans to keep Willo’s employees, local Indianapolis presence and brand name. Plans also call for expanding Willo’s 15-person staff.
