Tech, Media & Telecommunication

SpaceX's $250bn Acquisition of xAI

By Arthus Marande, Nehir Yanmaz, and Christopher Putnis (ESCP); Aman Prasad, Oliver Greenhalgh and Jiaqi Tang (University of Birmingham) Photo: SpaceX (Unsplash) Overview of the deal Acquirer: SpaceX Target: xAI Implied Equity Value : $250B (target evaluation)/ $1.25T (combined entity valuation) Closing Date: 2nd Feb Target Advisor: Sullivan & Cromwell LLP Acquirer Advisor: Gibson, Dunn and Crutcher LLP SpaceX’s acquisition of xAI represents a seminal moment in corporate

akshib27

2 days ago5 min read

UltraGreen’s IPO

By Aikie Davoren, Charlie Mercuri and Daniel Blitenhall (University of Melbourne); Nikhil Freiherr Raitz Von Frentz, Max Fischer, Daniel Barker and Moritz Ibe (University of St Andrews) Photo: Suryadhityas (Unsplash) Summary of IPO Fluorescent-guided surgery (FGS) has been gaining momentum as hospitals look to improve surgical precision, reduce complications, and shorten recovery times. Within this niche, UltraGreen has built a strong position selling the dye used in these su

akshib27

7 days ago5 min read

Hg Capital's $6.4bn Acquisition of OneStream

By Edoardo Roveda and Cooper Wu (UCL); Sophie Zhang, Dominic Alino, Jordan Zhao and Joey Zhang (Columbia University) Photo: Slava Denisov (Unsplash) Overview of the deal Acquirer: Hg Capital Target: OneStream Inc. Implied Equity Value: $ 24 per share Total Transaction Size: $6.4 billion Closing Date: Expected first half of 2026 Target Advisor: Wilson Sonsini Goodrich & Rosati (financial) Acquirer Advisor: Information not publicly available, N/A Hg Capital’s acquisiti

akshib27

Feb 255 min read

Amagi Media Labs' IPO

By Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE); Alvaro Aguilar De Nalda (ESADE); Shahmir Ahmed, Alp Ceylan, Francesco Del Sesto (Bocconi) Photo: 1981 Digital (Unsplash) Summary of IPO Amagi Media Labs Ltd is a Bengaluru-based software-as-a-service (SaaS) technology company founded in 2008 that provides cloud-native broadcast, content distribution and advertising monetisation solutions for the media and entertainment industry. It enables broadcasters, conte

Álvaro Aguilar de Nalda

Feb 205 min read

IBM’s $11bn Acquisition of Confluent

By Aman Prasad, Jiaqi Tang, Oliver Greenhalgh (University of Birmingham), Alvaro Aguilar De Nalda (ESADE); Freya ZHANG, Akshi Bansal, Jacky CHAN, Sharon Liu, Chak Li (HKUST) Photo: Adi Goldstein (Unsplash) Overview of the deal Acquirer: IBM Target: Confluent Implied Equity Value: $ 31 per share Total Transaction Size: $11.9 billion Closing Date: Expected mid-2026 Target Advisor: Morgan Stanley (financial), Cooley LLP (legal) Acquirer Advisor: Centerview Partners (fina

Álvaro Aguilar de Nalda

Feb 96 min read

Atlassian’s $1bn Acquisition of DX

By Gilles Michaud and Marc Bellon (HEC Paris), Alvaro Aguilar De Nalda (ESADE); Edoardo Roveda, Alesha Jaswal, Mikhail Sinev, and Cooper Wu (University College London) Photo: Stephen Dawson (Unsplash) Overview of the deal Acquirer: Atlassian Corporation Target: DX Implied Equity Value: Approximately $1 billion in cash and restricted stock Total Transaction Size: ~ $1 billion Closed date: Announced September 18, 2025 and completed on November 10, 2025 Target advisor: Fenw

Álvaro Aguilar de Nalda

Feb 25 min read

TMobile's $4.3bn Acquisition of UScellular

By Rasmus Sjögren, Alexander Henje, Haris Jasarevic, Nikolas Kakona (Stockholm School of Economics), Shivam Gujral (University of Cambridge) Photo: Brett Jordan (Unsplash) Overview of the deal Acquirer: T-Mobile US, Inc. – a leading American wireless carrier and subsidiary of Deutsche Telekom Target: Uscellular’s Wireless Operations – a regional wireless business of United States Cellular Implied Equity Value: US$4.3 billion Total Transaction Size: ~US$4.3 billion, includ

amansp2006

Jan 305 min read

Meesho's IPO

By Shahmir Ahmed, Alp Ceylan, and Francesco del Sesto (Bocconi University); Alvaro Aguilar De Nalda (ESADE); Nikhil Freiherr Raitz Von Frentz, Max Fischer, Daniel Barker, Moritz Ibe (University of St Andrews) Photo: Farzad (Unsplash) Summary of IPO Meesho is a Bangalore-based start-up that was founded by two IIT Delhi graduates in December 2015. It went public on the BSE and NSE the 10th of December 2025. It is a mobile-app-based e-commerce marketplace that lets small busines

Álvaro Aguilar de Nalda

Jan 286 min read

Omnicom’s $9bn Acquisition of Interpublic Group

By Alexander Svanidze, Ava Singer, Ryan Leo, Julianna Zelnhefer (Boston University); Alvaro Aguilar De Nalda (ESADE); Rasmus Sjögren, Alexander Henje, Haris Jasarevic, Nikolas Kakona (SSE) Photo: Quick PS (Unsplash) Overview of the deal Acquirer: Omnicom Group Target: Interpublic Group Implied Equity Value : $13.25 billion USD Total Transaction Size: $13.25 billion USD Closing Date: November 26, 2025 Target Advisor: Morgan Stanley (Financial), Willkie Farr & Gallagher L

Álvaro Aguilar de Nalda

Jan 234 min read

Affinity Partners, PIF, and Silver Lake’s $55bn Acquisition of Electronic Arts

By Anastasia Malikova, Dennis Malaj, Gauri Khanna, Sarah Lee (LSE); Aman Prasad, Ibrahim Demir, Jiaqi Tang, Oli Greenhalgh (University of Birmingham) Photo: Florian Olivo Overview of the deal Acquirer: PIF, Silver Lake, and Affinity Partners Target: Electronic Arts (EA) Total Transaction Size: $55 billion Closed Date : Expected in Q1 FY27 Target Advisors: Goldman Sachs & Co. LLC (Financial); Wachtell, Lipton, Rosen & Katz (Legal) Acquirer Advisors : J.P. Morgan Securities LL

amansp2006

Nov 16, 20256 min read