XERO ORD
Xero to acquire US payments firm Melio in $3.9b push into American SMB market
Technology company Xero (ASX: XRO) will acquire US payments processor Melio in a $3.9 billion deal that forms part of its US value proposition and global high-growth aspirations. Melio services small-to-medium-sized business (SMB) clients and their advisors by integrating accounting and payments functions into one platform, with easy-to-use accounts payable workflows and a wide choice […]
TPG Global bids for InvoCare, Xero culls workforce and Myer posts record half sales
Private equity firm TPG Global has taken advantage of beleaguered funeral services company InvoCare’s (ASX: IVC) lacklustre FY2022 results, with a non-binding cash takeover offer valuing it at $12.64 per share. Under the non-binding indicative offer, which was made on Tuesday, TPG is proposing to give InvoCare shareholders $12.65 cash for each share held. This […]
WAAAXing and waning tech valuations show danger of treating sector as an amorphous lump
The founder of one of the ASX’s most unusual tech companies is scathing about the business model of tech stocks with billion dollar-plus valuations, with the current climate redolent of the dot-com era. “I find it hard to understand why companies stampede into these businesses,” says David Dicker, founder, chief executive officer and chairman of […]
Xero to acquire invoice financing platform Waddle for up to $80 million
Accounting software giant Xero (ASX: XRO) has announced the acquisition of cloud-based invoice lending platform Waddle in a bid to grow its small business offering. Invoice financing is a form of short-term lending in which a business receives an advance of funds it has already invoiced to customers. It is considered a business loan with […]
