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Amazon to sell bonds to pay for Whole Foods purchase

Amazon.com said Tuesday that it plans to sell $16 billion in bonds to fund “all or a portion” of its pending $13.7 billion acquisition of Austin-based Whole Foods Market.  News of the bond offering comes as Whole Foods shareholders prepared to vote...

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Austin biotech firm Molecular Templates raises $60 million, goes public

Austin-based biotechnology firm Molecular Templates is now a publicly traded company, thanks to a reverse-merger with California-based Threshold Pharmaceuticals. The company now trades under the stock ticker “MTEM” on the Nasdaq stock exchange. It’s...

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With new $30M investment, medical device maker Acessa Health left California to start new chapter in Austin

It’s been a whirlwind few months for medical device maker Acessa Health. In June, the company announced it had acquired a noninvasive treatment for uterine fibroids from a California medical device company. At the same time, the company said it had...

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Open Source

With a new $200M credit facility, Austin’s Upland Software is ready for more acquisitions

More acquisitions are on the way for Austin-based Upland Software. The company, which has grown by buying small software companies, has closed a $200 million credit facility to do more deals. Wells Fargo Capital Finance and CIT Bank, N.A. are joint...

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Open Source

Who's investing in Austin startups? New VC report has the answer

Who’s doing deals in Austin? A new report by two tech industry veterans provides a comprehensive look.  The study was conducted by David Altounian, assistant professor of entrepreneurship at St. Edward’s University and the former founder and CEO of...

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Open Source

Ahead of Amazon deal, Austin’s Whole Foods sees dip in profit, same-store sales 

In what could have been its final quarterly earnings report as a public company as it awaits approval of the $13.7 billion merger with Amazon, Whole Foods Market on Wednesday reported earnings in line with Wall Street’s expectations, though it saw...

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Austin VC funding bounces back, jumps 182 percent in 2nd quarter

After a slow start to the year, venture capital activity in Austin bounced back in the second quarter, with internet companies leading the charge. A total of $330 million was raised by 43 companies during the quarter, according to a survey by PricewaterhouseCoopers...

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Whole Foods executives set to make millions after deal with Amazon closes 

When Amazon.com completes its $13.7 billion purchase of Austin-based Whole Foods Market -- likely before the end of the year, the companies have said - some of the Austin-based organic grocer’s executives  are expected to leave the company.  But if...

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Open Source

Ahead of Amazon deal closing, major shareholder Jana Partners sells entire stake in Whole Foods

Investment firm Jana Partners LLC has sold its entire stake in Austin-based Whole Foods Market just months after purchasing it, a move that is estimated to have netted the firm hundreds of millions of dollars. Jana Partners’ sell-off comes on the...

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Kahoot, edutainment company with Austin ties, gets $10 million in new funding and a Disney Accelerator FastPass

Kahoot, an Oslo, Norway-based learning company with an Austin office and roots here, has landed a $10 million Series A funding round just a week after it was announced the company has been accepted into the three-month Disney Accelerator program....

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