Australian Super has sold holding in logistics software giant WiseTech Global in recent weeks as founder Richard White returned to the business as chairman. The superannuation fund had more than 2.2% of WiseTech (ASX: WTC) shares and had backed the business since its 2016 float. But governance concerns amid board resignations and White’s elevation to… Read more »
Wisetech Global’s former CEO, Richard White, finally has a new job at the logistics software company he founded 30 years ago – executive chairman. The appointment follows the resignation of former chair Richard Dammery and three other non-executive directors, Lisa Brock, Michael Malone and Fiona Pak-Poy, on Monday in a battle for control of the… Read more »
A week after Atlassian announced it would be lead sponsor of the Williams Racing Formula One team, ASX-listed Airtasker is slapping its name on the Visa Cash App Racing Bulls (VCARB) F1 team. It’s not that VCARB is going to be post “Wanted: someone to change 4 tyres in under 2 seconds” on the casual… Read more »
Brag Media cofounder and former CEO Luke Girgis has launched legal action in the NSW Supreme Court against the company that bought his business, ASX-listed Vinyl Group. The acquisition deal dates back to December 2023, when Vinyl (ASX: VNL) announced it would pay $8 million in cash to acquire 100% of The Brag Media and… Read more »
Car subscription startup Carbar could be a little more public after nine years, having made a takeover bid for ASX-listed rival Carly. The non-binding agreement to merge was announced just before market close on Friday. It will see Carbar acquire all of Carly Holdings Ltd (ASX: CL8) for $160,000 in cash and around $3.64 million worth… Read more »
Bunnings may be a goldmine for Wesfarmers, but ecommerce site Catch has been a millstone since the ASX-listed retail conglomerate bought the tech startup for $230 million in 2019. Today, Wesfarmers announced it will shut down Catch at the end of April, blaming increased competition in Australian ecommerce. They expect Catch to post a loss… Read more »
Billionaire Richard White topped up his bank account in the December quarter, selling more than $440 million worth of shares in WiseTech, the logistics software company he founded 30 years ago. The sale represents less than 1.5% of his holding in WiseTech (ASX: WTC). White sold 3,564,742 shares across 31 days of on-market trading between… Read more »
A month after making its ASX debut in a reverse takeover, startup investor, advisor and accelerator Scalare Partners has seen its share price slide 28%, wiping around $6.5 million from its market capitalisation. As tech listings go, it’s been a less than auspicious start as a public company for Scalare (ASX: SCP), which bills itself… Read more »
ASX-listed music and media company Vinyl Group is broadening its publishing portfolio yet again, acquiring the city guides site Concrete Playground in a deal worth $5 million. Vinyl (ASX: VNL) has signed binding Heads of Agreement to acquire the 15-year-old digital lifestyle brand for $3.5 million in cash and $1.5 million in Vinyl shares, with… Read more »
Zip cofounder Larry Diamond has called time on his board roles at the ASX-listed buy-now-pay-later fintech, stepping down as a director and US chairman, effective immediately. “Now is the right time for me to step back from my day-to-day role at Zip,” he said in a statement to the ASX. “I’m very proud of what… Read more »
WiseTech Global director and cofounder Maree Isaacs has sold her 8.17% stake in RealWise Holdings, the company that owns more than a third of ASX-listed logistics company (ASX: WTC), to the man she launched the business with 30 years ago, Richard White. White already owns the other 92% of RealWise Holdings, meaning he now owns… Read more »
Startup investor, advisor and accelerator Scalare Partners made its ASX debut today, finishing the day as it began at $0.25 cents a share. The business (ASX: SCP) went public via a reverse takeover of former confectionary maker Candy Club, after banking $4.301 million of an $8 million share offer $0.25 cents a share. The raise… Read more »
Startup advisory and investment business Scalare Partners has raised just over half the $8 million it was hoping to raise as part of a backdoor listing on the ASX. The public offer raised $4.301 million at $0.25 cents a share issuing 17.2044 million fully paid ordinary shares in its reverse takeover of former confectionary maker… Read more »
WiseTech Global’s billionaire former CEO Richard White may be on leave from the company he founded 30 years ago, but he’s keeping busy on the business front, increasing his stake in ASX-listed Vinyl Group via a deal involving another one of his investments, the music licensing startup Songtradr. White stepped down as WiseTech’s boss last… Read more »
WiseTech founder Richard White has stepped down as CEO of WiseTech Global, resigned from its board and also as a director of industry lobby group the TechCouncil of Australia. The billionaire fell on his sword late on Thursday afternoon following a fortnight of media reports about his private life, including legal action, settled on Monday,… Read more »
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