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Articles tagged: acquisition

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AI

Vercel acquires Stakpak, its second African acquisition in a month

Vercel acquires another African startup, Stakpak in its bid to build an infrastructure layer for AI-powered software.

AI

Vercel acquires Ethiopian-founded Better Auth 

Vercel has acquired Ethiopian-founded Better Auth for an undisclosed amount, bringing founder Bereket Engida and his team onboard to accelerate secure identity infrastructure for AI agents.

Fintech

Flutterwave acquires Mono for $30 million in all-stock deal. Here is some backstory.

Under the terms of the acquisition, Mono will continue to operate independently, with no changes. Go deeper.

News

Bending Spoons acquires Eventbrite for $500 million in all-cash deal

Bending Spoons is acquiring Eventbrite for $500m, a deal that could intensify competition for platforms like Tix Africa and Luma in Africa.

Financial Services

Access Bank will conclude South Africa’s Bidvest acquistion for $133 million

The cash consideration is significantly lower than the 2.8 billion rand ($159 million) valuation sources put forward when the deal was first announced.

News

Coca-Cola HBC to acquire 75% of Coca-Cola Beverages Africa for $3.4 billion

Coca-Cola HBC will acquire a 75% stake in Coca-Cola Beverages Africa for $3.4B, gaining control of two-thirds of Africa’s Coca-Cola system by 2026

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