Press release content from Globe Newswire. The AP news staff was not involved in its creation.
NewLake Capital Partners Announces Acquisition in Massachusetts and Definitive Purchase .
NewLake CapitalApril 12, 2021 GMT
NEW CANAAN, Conn., April 12, 2021 (GLOBE NEWSWIRE) NewLake Capital Partners, Inc. (“NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced the acquisition of an approximately 40,000-square-foot industrial property in Palmer, Massachusetts. Concurrent with the closing of the acquisition, NewLake entered into a long-term, triple-net lease agreement with The Mint, a multi-state cannabis operator based in Tempe, Arizona, which intends to operate the property as a licensed cultivation and processing facility.
Satya Nadella On TikTok, Pinterest Interest: Microsoft Will Continue To Invest in Consumer Businesses
‘There’s partner opportunity, whether it’s retailers or others, in those businesses, and we’ll always continue to look even for the intersection between B2B2C,’ Nadella says. By Donna Goodison April 12, 2021, 10:00 AM EDT
In the wake of Microsoft’s failed attempts to add TikTok to its portfolio and reports that it also pursued a Pinterest acquisition CEO Satya Nadella said the technology giant will continue to invest in and grow its consumer business base.
Redmond, Wash.-based Microsoft last year acknowledged it was in discussions with ByteDance, TikTok’s Chinese parent company, to purchase the video-sharing app’s U.S. operations, but in September said that ByteDance had nixed a deal. There have been subsequent reports that Microsoft also has targeted $52 billion image-sharing social media site Pinterest and the Discord voice,
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Avantor® to Acquire Ritter GmbH and its Affiliates; Expands Proprietary Offering for Diagnostic and Drug Discovery Workflows
April 12, 2021 GMT
Avantor introduces new brand identity (PRNewsfoto/Avantor)
RADNOR, Pa. and SCHWABMÜNCHEN, Germany, April 12, 2021 /PRNewswire/ Avantor, Inc. (NYSE: AVTR), a leading global provider of mission-critical products and services to customers in the life sciences and advanced technologies & applied materials industries, announced today that it has entered into a definitive agreement to acquire privately held Ritter GmbH and its affiliates in an all-cash transaction with an upfront equity purchase price of approximately €890 million subject to final adjustments at closing and additional payments based on achieving future business performance milestones.
When Microsoft buys a company, its executives typically believe they can leverage its technology better than the company it is buying can, a model that fits the Nuance deal, said Brad Reback, an analyst at the investment bank Stifel. That Nuance has proved itself in health care, with its technical and complex vocabulary, means Microsoft could introduce other types of businesses.
“Being able to solve that problem makes it that much easier to handle other industries’ terminology,” he said.
Microsoft’s profitable business means it has money to spend. It ended 2020 with $132 billion in cash, and has been actively looking for big deals to put that money to use. Some have come together, like the deal announced in September to spent $7.5 billion on buying ZeniMax Media, the parent company of gaming studios that make major titles like Doom and Quake.