Saturday, June 24, 2023

Sources: IBM is close to a deal to acquire cloud-based IT management startup Apptio from Vista Equity Partners for $5B; Vista acquired Apptio for $2B in 2019 (Wall Street Journal)

Wall Street Journal:
Sources: IBM is close to a deal to acquire cloud-based IT management startup Apptio from Vista Equity Partners for ~$5B; Vista acquired Apptio for ~$2B in 2019  —  Purchase of Apptio, owned by private-equity firm Vista Equity Partners, could be finalized over the weekend



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Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shein to cut pre-IPO valuation from $66B to ~$30B (Financial Times)

Financial Times : Sources: Shein's 2024 sales were up 19% YoY to $38B, far below the forecasts made in 2023; some investors push Shei...