Oracle Buys NetSuite

| Tim Parry

Oracle has announced that it has entered into a definitive agreement to acquire NetSuite for approximately $9.3 billion. The proposed transaction is expected to close in 2016, and until the transaction closes, Oracle and NetSuite will continue to operate independently.

Flipkart Acquires Online Fashion Store Jabong

| Tim Parry

According to Flipkart’s Facebook page, the Indian ecommerce marketplace is “in a relationship” with Jabong. And it’s not complicated: Flipkart-owned Myntra Designs has agreed to buy Rocket Internet-backed online fashion retailer Jabong for $70 million in cash.

G-III to Acquire Donna Karan International

| Tim Parry

G-III will acquire Donna Karan International, Inc., parent of the Donna Karan and DKNY brands and owned by LVMH, in a transaction with an enterprise value of $650 million. The transaction is expected to close in late 2016 or early 2017.

For U.S. Merchants, Brexit is Much Ado About Nothing

| Tim Parry

U.S.-based merchants should not need to worry about selling to U.K. customers in a post-Brexit world.
Although U.K. voters chose to leave the European Union on June 24, and the decision had a major negative impact on the world’s financial markets, at least one U.K. businessman says it’s steady-as-she-goes for cross-border ecommerce.

Unilever Gets a Billion Dollar Shave Club

| Tim Parry

Unilever has signed an agreement to purchase Dollar Shave Club, which is worth a reported $1 billion cash. Here’s what the deal means to both parties, and why Dollar Shave Club founder and CEO Michael Dubin’s handsome-ass grandfather would be proud.