Turns out the rumors [https://www.forbes.com/sites/elizahaverstock/2021/05/04/billcom-is-set-to-acquire-utah-billion-dollar-software-startup-divvy/?sh=1f7bd0d63915] were true: Divvy [https://getdivvy.com/] is getting acquired for $2.5 billion in cash and stock by Bill.com (NYSE:BILL [https://finance.yahoo.com/quote/BILL?p=BILL&.tsrc=fin-srch]). Downloaded

Back on March 30th I wrapped-up a Deseret Business Watch feature story this way: “… congrats to CEO, Chris Gibson and the entire [https://davidpolitis.substack.com/p/recursion-pharma-is-going-public]Recursion [https://davidpolitis.substack.com/p/recursion-pharma-is-going-public] team for its forthcoming IPO. [https://davidpolitis.substack.com/p/recursion-pharma-is-going-public] “Should be a fun

First thing Monday morning the news release shot out across PR Newswire: > Larry H. Miller Real Estate had purchased Daybreak [https://www.prnewswire.com/news-releases/larry-h-miller-real-estate-acquires-daybreak-from-varde-partners-301266430.html] . As far as major news announcements go for Utah’s business community, this was up there with all of the other big

From nutraceuticals to a business unit within a strategic investment arm: The journey of Nu Skin from network marketing behemoth into growing dairy/cattle feed indoors via Grōv Technologies. Some 30 months ago (in late 2018), I had the interesting pleasure of visiting a colleague at his new employer, a

UTAH'S TOP BUSINESS NEWS THIS WEEK: Utah’s “Iron Man company” is going public; HealthEquity announces $500 million acquisition; a plea deal in a $135 million fraud case; and more. By my estimation, there are few indications of any slacking-off within the Utah’s economy. As evidence I

First disclosed in December 2020, Pluralsight announced on Tuesday, April 6 it had been formally acquired by Vista Equity Partners for $22.50 per share. This placed the valuation of Draper, Utah-based Pluralsight at $3.8 billion. As a result of the acquisition, Pluralsight shares stopped trading and are no

Here’s our breakdown of the top 11 business stories in the “State of Deseret” during the first quarter of 2021. It’s hard to imagine, but Deseret Business Watch is now just shy of being three months old. Thank you to everyone even remotely involved with helping to make

Utah’s top business news this week: Shareholders of Sportsman’s Warehouse approved the $765 million offer to sell their shares; two other acquisitions were completed; and more.