Friday, August 26, 2022

Open Text plans to buy UK-based enterprise software company Micro Focus for ~$6B including debt, a 99% premium on Thursday's close; Micro Focus stock jumps 90%+ (Derek Decloet/Bloomberg)

Derek Decloet / Bloomberg:
Open Text plans to buy UK-based enterprise software company Micro Focus for ~$6B including debt, a 99% premium on Thursday's close; Micro Focus stock jumps 90%+  —  Canada's Open Text Corp. struck a deal to buy UK software firm Micro Focus International Plc for about $6 billion including debt …



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Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...