|Banzai Acquires High Attendance
As reported by Yahoo Finance, FE International client High Attendance formally announced its acquisition by venture-backed, leading event SaaS platform, Banzai.
In total, High Attendance adds 10 team members to Banzai’s rapidly growing headcount of more than 80 employees.
On Wednesday, the Security and Exchange Commission (SEC) adopted amendments to the definition of “accredited investor,” which historically determined the eligibility for participation in their private capital markets. This move is aimed at growing the pool of Americans who can invest with a broader range of options. “For the first time, individuals will be permitted to participate in our private capital markets not only based on their income or net worth, but also based on established, clear measures of financial sophistication,” says Chairman Jay Clayton.
Previously, Apple had strong-armed WordPress on iOS into implementing premium plans and in-app purchases, so Apple could collect a generous 30%. Following a public backlash, Apple has pulled back and issued an apology: “…it is now a free, stand-alone app and does not have to offer in-app purchases. We have informed the developer and apologize for any confusion that we have caused.”
This week, the IRS released drafts of the 2020 tax form with the question, “at any time during 2020, did you receive, sell, send, exchange, or otherwise acquire any financial interest in any virtual currency?” front and center. This move suggests the IRS is taking more serious measures in making sure that crypto users are taxed on transactions.
|DocuSign’s Tom Gonser cover story now live on SaaS Mag blog
Ahead of the new issue’s publication, a previous SaaS Mag cover story is now available in full on the blog. Read about how Tom Gonser created a document-signing platform and built it into a $6.8 billion SaaS giant.
|New Business For Sale
A fast-growing content authority business in the home, house, and garden niche with c.8 million page views over the LTM.
Some key highlights:
Request a prospectus from the link above to learn more.
|For more updates throughout the week on the financial world of online business M&A, follow our team on Facebook, LinkedIn, Twitter, and Instagram.|
OTHER NEW LISTINGS
- Firm foothold in the Shopify upselling and conversion optimization software niche
- Impressive usage statistics with c.3,000 installs since inception
- Rapid revenue growth with c.$13,500 generated in the LTM
- Strong customer following attracting an LTV of c.$30 and MRR of c.$2.3K over the LTM
Yearly net profit: $25,500
Asking price: $120,000
Until next week!
The FE International Team