SurveyMonkey Parent Momentive Sold to Investors for $1.5 Billion
Momentive, which owns SurveyMonkey, is being acquired by a consortium of private investors led by Symphony Technology Group. Rumors began flying about this deal in October.
Momentive, which owns SurveyMonkey, is being acquired by a consortium of private investors led by Symphony Technology Group. Rumors began flying about this deal in October.
Experience management vendor Qualtrics is being purchased by private investment firm Silver Lake for approximately $12.5 billion in cash. Qualtrics was purchased for $8 billion by SAP in 2018, and then spun off as a separate company in 2020. SAP had announced it was exploring a sale of its Qualtrics stake in January, so the deal is not much of a surprise.
“Charm offensive” isn’t in the playbook at Meta, which has announced it will block access to Canadian news sites if the country passes its proposed Online News Act in current form. The law would require Meta to pay news organizations when someone posts a link to their materials. A similar threat failed spectacularly in Australia last year but that isn’t deterring Meta from trying again.
T-Mobile will acquire out-of-home adtech business Vistar Media for $600 million. Vistar Media is managing advertising campaigns across over one million digital screens. Its capabilities will combine with T-Mobile’s customer insights and data and its extensive in-store retail media network.