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WiseTech’s biggest acquisition ever comes with $3 billion in debt and serious side-eye from investors who want it to focus on its own backyard first

WiseTech has made its biggest acquisition of all time and acquired a US-publicly-listed supply chain management company called E2open.

Flux team
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1
min read
· Posted on
May 28, 2025

OpenAI just blew $6.5 billion on a startup that hasn’t launched a product yet... but it's a small price to pay for the potential of the future Ai-Phone

OpenAI will acquire io in a $6.5 billion USD all-stock deal.

Flux team
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1
min read
· Posted on
May 26, 2025

Kmart plans to grow from $10 billion to $20 billion in sales by selling a whole lot more Anko airfryers... and deep-frying its competition as well

Kmart announced grand plans to double Kmart’s sales to $20 billion in 10 years.

Flux team
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1
min read
· Posted on
May 26, 2025

Myer’s new era is off to a wonky start after a 3.9% dip in its new brands' sales and $12 million down the drain

Just 16 weeks into the year after the merger, Myer's store sales were up just 1.9%, but Apparel Brands saw their revenue fall 3.9%.

Flux team
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1
min read
· Posted on
May 26, 2025

Bitcoin breaks $110,000 USD and is now worth more than Amazon and Google - not bad for a currency with no CEO and an unclear origin story

After series of ups and downs, Bitcoin has hit its all-time high of $110,000 USD.

Flux team
~
1
min read
· Posted on
May 23, 2025

Contraception maker Mayne Pharma might need its own protection after its buyer Cosette tries to renege on its $672 million takeover offer

Cosette’s trying to walk away from the Mayne Pharma deal, claiming there’s been a “material adverse change” since their offer.

Flux team
~
1
min read
· Posted on
May 23, 2025
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Disclaimer: Flux Technologies Pty Ltd (ABN 86 634 507 172) is an authorised representative (Representative No. 1283166) of Mozo Pty Ltd who is the holder of AFSL No. 328141. We also provide general advice on credit products under our own Australian Credit Licence No. 530103. The product information presented does not constitute an offer and we are not recommending or suggesting any particular product. Any product advice presented is of a general nature only, and is not to be taken as any sort of advice as it has not taken into account your personal circumstances, objectives, financial situation or needs. Flux may not cover all products available to you. Check out our Credit Guide and Financial Services Guide for more information.

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