Deals of the day: Mergers and acquisitions
AMZN•Steris will buy privately held Xodus Medical for $2.1 billion, while IonQ agreed to acquire cybersecurity firm Elisity in an all-stock deal valued at up to $1.3 billion. Amazon was reportedly in talks to acquire AI startup Decart for around $7 billion; Starbucks said it is not buying Chipotle.
1. Healthcare and quantum deals
Steris will buy privately held Xodus Medical for $2.1 billion, adding surgical products designed to improve safety for patients and operating-room staff. IonQ said it would buy cybersecurity firm Elisity in an all-stock deal valued at up to $1.3 billion as it looks to expand its quantum security business.
2. Other reported negotiations
Amazon was reportedly in talks to acquire AI startup Decart in a deal valued at around $7 billion. Nvidia was reportedly in talks to deepen its investment in open-source startup Reflection AI or acquire it, while GTCR and Elliott Investment Management were in advanced talks to acquire CCC Intelligent Solutions.
3. Other M&A activity
Starbucks said it is not buying Chipotle Mexican Grill, quashing speculation about a potential restaurant deal. The leading shareholders in INWIT were arranging financing for a potential take-private deal, and hospitality investment firm TKO LLC submitted a $2 billion all-cash offer for Service Properties Trust's hospitality portfolio.
