HomeAcquisitionsBig acquisition rumours: Sociomantic, Lieferando, ReadMill

Big acquisition rumours: Sociomantic, Lieferando, ReadMill

Rumours can be fun – especially if they involve a lot of cash for European startups. In the last two weeks alone, there were three interesting rumours about some upcoming acquisitions in Berlin.

The first one was about Sociomantic (Update – May 2023: The startup seems to be no longer in business under this website, and we therefore deactivated the original link). The successfully bootstrapped company, which operates in the field of programmatic advertising, was rumoured to soon be acquired  by Dunnhumby – a data and customer insights company owned by Tesco. Business Insider was the first publication reporting of the rumour and has estimated the deal size to be between $175 million to $200 million. Wow!

The second rumour was about Takeaway.com acquiring the Berlin-based food delivery startup Lieferando. Sources at Deutsche-Startups.de stated that the paid sum was more than €50 million. Neither companies has confirmed nor denied this acquisition yet.

The third and most recent acquisition rumour is about ReadMill (Update – May 2023: The startup seems to be no longer in business under this website, and we therefore deactivated the original link). The social and shareable reading platform could be sold to Dropbox soon. TechCrunch today reported that the deal value could be around $8 million (paid mostly in stock). An acqui-hire, an acquisition or a rumour? We’ll soon find out!

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Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).
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