PetSmart buys online pet retailer Chewy
PetSmart is buying online pet supply retailer Chewy in what is reportedly one of the largest e-commerce acquisitions ever. PetSmart did not disclose terms, but Recode reported the purchase price as $3.5 billion. After the purchase, Dania, Florida-based Chewy will continue to be led by its current CEO, Ryan Cohen, and will operate largely as an independent subsidiary.
Oracle acquires Moat
In other acquisition news, Oracle announced that it is buying Moat, a provider of marketing data and analytics. New York-based Moat, founded in 2010, previously raised about $68 million in venture funding.
Female founder numbers stay flat
The percentage of startups that have at least one female founder was flat in the first quarter of 2017, according to a Crunchbase analysis. Overall, just 17 percent of startups had a female founder in Q1, a level that hasn’t changed much over the past five years. In other news from Crunchbase, we look at why Cloudera plans to go public at a lower valuation than its last private funding round.
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