Top Ten Tech M&A Transactions This Week by Ascento Capital Invest

Deal of the Week

8/12/25 Perplexity offers to buy Google Chrome for $35bn

Perplexity has made an unsolicited $34.5bn offer for Google’s Chrome, as the artificial intelligence start-up positions itself as a bidder should a US court force the search giant to sell the web browser.

In a letter sent on Tuesday to Sundar Pichai, chief executive of Google parent Alphabet, Perplexity co-founder Aravind Srinivas said the offer was “designed to satisfy an antitrust remedy . . . by placing Chrome with a capable, independent operator”.

Perplexity, whose AI search tool is a rival to Google’s core product, made a similarly high-profile offer to buy TikTok for a reported $50bn earlier this year — which has not come to anything.

Financial Times

8/15/25 Fitch Learning To Acquire Moody’s Analytics Solutions And Canadian Securities

Fitch Learning, a global provider of financial training and professional certifications, has signed an agreement with Moody’s to acquire two of its education businesses — Moody’s Analytics Learning Solutions (MALS) and the Canadian Securities Institute (CSI).

MALS is a global provider of credit training, while CSI is a leading certification body for the Canadian financial services industry. Fitch Learning said the acquisition will significantly expand its offerings, covering commercial and consumer banking as well as investment management, and provide a more comprehensive suite of career development solutions for finance professionals worldwide.

Business Today

8/13/25 Infosys to buy 75% stake in Telstra unit for $153 million

Indian IT services company Infosys said on Wednesday that it would take a 75% stake in Versent Group, a wholly owned unit of Australia's Telstra Group , for A$233.3 million ($153 million).

Versent Group provides cloud services to Australian organisations in sectors such as finance, energy, utilities, government and education, Infosys said in a statement.

The deal, which Infosys says will boost its local presence, is expected to close by the second half of fiscal 2026, subject to approvals from Foreign Investment Review Board of Australia and Australian Competition and Consumer Commission.

The Economic Times

8/13/25 US Fintech MeridianLink to be acquired by Centerbridge in $2bn deal

US financial services software provider MeridianLink has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners, a global investment firm managing approximately $43 billion in assets.

Under the terms of the all-cash transaction, which values MeridianLink at around $2 billion, shareholders will receive $20 for each share of common stock, representing a 26% premium over MeridianLink's closing price as of 8 August 2025.

Founded in 1998, MeridianLink provides cloud-based digital lending, account opening, point-of-sale, collections, background screening, and data verification software solutions to nearly 2,000 community financial institutions and reporting agencies.

FinTech Futures

8/12/25 PwC expands fintech capabilities with Kunai acquisition

PwC US says it has agreed to acquire "substantially all the assets" of California-based software consultancy Kunai as it looks to expand its presence in the financial services space. 

The proposed acquisition remains subject to customary closing conditions while the financial terms of the agreement have not been disclosed.

Led by CEO Sandeep Kumar Sood, Kunai helps financial institutions and payment networks build and deploy custom solutions focused on AI, cloud and data engineering, and core banking. The boutique consultancy claims to have worked with five of the top 10 banks in the US, as well fintech unicorns Plaid and Nubank, since being founded in 2015.

FinTech Futures

8/12/25 Ecolab to acquire Ovivo unit for $1.8 billion to enhance water tech amid AI-driven cooling demand

A single semiconductor fab can consume as much water annually as 17 million people, Ecolab said. Ovivo Electronics is expected to generate $500 million in sales in 2025.

"Combined, we expect our $800 million global high-tech business to grow strong double-digits, with an attractive operating income margin," said the CEO of Ecolab Christophe Beck.

The acquisition is expected to generate double-digit returns and is anticipated to be immediately accretive to Ecolab's sales growth, Ecolab said in a statement.

Reuters

8/12/25 V2X to acquire QinetiQ's US data, services business

V2X has agreed to acquire a data and cybersecurity solutions business unit from QinetiQ Group in a move to further extend across the U.S. intelligence community.

In a regulatory filing Tuesday, QinetiQ said it expects to complete the sale of its U.S. federal IT services unit before the end of September.

V2X did not name the unit being acquired in its Monday announcement, but said the transaction is valued at around $24 million net of estimated tax benefits

Washington Technology

8/11/25 Salesforce to acquire Waii to enhance SQL analytics in Agentforce 

Waii’s core technology for translating natural language questions into complex, production-ready SQL queries to be integrated into Data Cloud.

Salesforce has signed a definitive agreement to acquire San Francisco-based startup Waii for an undisclosed sum to enhance SQL analytics within Agentforce, its suite of tools aimed at helping enterprises build autonomous AI agents for sales, service, marketing, and commerce use cases.

CIO

8/11/25 Truth Social host Rumble weighs near $1.2 billion deal for Northern Data

Video platform Rumble (RUM.O), which hosts U.S. President Donald Trump's Truth Social, is weighing boosting its global AI cloud capabilities by acquiring Germany's Northern Data (NB2.DE), the companies said.

Rumble said it was considering making an offer for the company which would give it control of Northern Data's cloud business, Taiga, and its large-scale data center arm, Ardent, with plans to integrate both into its own operations.

Reuters

8/11/25 Meta acquires AI audio startup WaveForms

Meta has acquired AI voice startup WaveForms for an undisclosed sum, The Information reports. It’s the company’s latest buy to strengthen its new AI unit, Superintelligence Labs, and Meta’s second major AI audio acquisition in the last month after it bought PlayAI.

WaveForms, founded just eight months ago, raised $40 million from Andreessen Horowitz in a round that valued the company at $160 million pre-money, per PitchBook data.

Tech Crunch