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From Hoosuite's $60 million deal to buy AI startup Heyday to Square's $29 billion all-stock purchase of Afterpay, the tech deals are leading the market Calgary’s Bow office tower sold in $1.67 billion deal. H&R REIT sold the 58-storey downtown property to affiliates of Chicago-based Oak Street Real Estate Capital at a time when office vacancy in Calgary is at all-time highs, with downtown towers almost 30 per cent empty.
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Montreal-based software startup WorkJam raised $35 million led by Silver Lake Waterman, a division of California global investment firm Silver Lake. WorkJam provides a mobile platform to help employers manage frontline workforces.
U.S. fintech company Square Inc. bought Australian buy now/pay later giant Afterpay Ltd. in an all-stock deal worth about US$29 billion, the largest ever acquisition by Twitter founder Jack Dorsey’s firm.
Vancouver-based Hootsuite acquired artificial intelligence (AI) chatbot startup Heyday in a $60 million deal, its second this year. The takeover deepens Hootsuite’s push into e-commerce and customer service software.
Billionaire entrepreneur Elon Musk’s brain-chip startup, Neuralink, raised US$205 million, with participation from Alphabet Inc’s Google Ventures. The company aims to help cure neurological conditions including Alzheimer’s, dementia and spinal cord injuries by implanting wireless brain computer chips.
Robinhood Markets Inc.’s shares soared more than 50 per cent on Wednesday, its second day of wild trading this week. At one point the stock traded as high as US$85 in New York before closing at US$70.39. The frenzied share buying pushed the company’s market value to a peak of US$65 billion after a poorly received debut last week.
U.S. delivery startup Gopuff raised US$1 billion, valuing the company at US$15 billion. The new valuation of the startup — which delivers goods including food, alcohol and medicines in North America and the U.K. — is a 69 per cent jump from the US$8.9 billion after its previous raise in March.
Media venture Hello Sunshine, founded by Academy actor Reese Witherspoon, is set to be acquired by a Blackstone Group Inc.-backed firm.
• Email: smarotta@postmedia.com | Twitter:
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