Amazon is acquiring PillPack, the internet pharmacy, in a deal worth approximately $1 billion. PillPack and Walmart were in discussions for weeks about a buy for less than a billion, but Walmart pulled its feet on a last deal, permitting Amazon to swoop in. Walmart’s stock lost about $3 billion in value on Thursday after Amazon announced it was buying the startup. PillPack had increased around $117 million in partnership funding from firms including Accel, Founder Collective, Atlas Venture and the partnership company founded by hip Nas, QueensBridge Venture Partners.
Twitter acquired Smyte at a $6 million deal. The safety startup, based on former Instagram along with Google engineers, examines information and prevents unwanted online behavior that occurs regularly on popular apps and internet platforms, including cyberbullying, hate speech, adware, malware and spam. Investors in Smyte comprised Y Combinator, Founder Collective, Harrison Metal along with many others.
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