PowerSchool, provider of K-12 education software, to go private in $5.6B deal

June 7, 2024

Cloud-based education software vendor PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal. The announcement comes amid a swathe of take-private deals led by private equity firms seeking a bargain on under-performing enterprise software firms. Founded in 1997, PowerSchool is a web-based platform that helps educational institutions manage areas […]

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Shopify acquires Threads (no, not that one)

June 7, 2024

Shopify has acquired Threads.com, the Seqiuoa-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join Shopify. Threads added that after the launch of Meta’s social network with the same name last year, the startup had “the opportunity to sell our […]

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This AI-powered “black box” could make surgery safer

June 7, 2024
The first time Teodor Grantcharov sat down to watch himself perform surgery, he wanted to throw the VHS tape out the window.   “My perception was that my performance was spectacular,” Grantcharov says, and then pauses—“until the moment I saw the video.” Reflecting on this operation from 25 years ago, he remembers the roughness of…

Carta’s valuation to be cut by billions in an upcoming secondary sale

June 7, 2024

Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the offering […]

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