M&A
PE Now Pays 11.7x EBITDA for SaaS, Barely Above Non-SaaS Deals
Forvis Mazars and PitchBook put the median PE multiple for SaaS at 11.7x EBITDA in the first half, down from 20.4x across 2025. Non-SaaS PE deals priced at 11x.
Section
Playbooks
Reported, numbers-first breakdowns of how modern revenue teams actually get built — and where the old motions are breaking.
M&A
Salesforce's Listen Labs and ZoomInfo's DoubleO Deals Put Agents in Your Renewal
Salesforce agreed to buy Listen Labs for AI customer research, and ZoomInfo acquired DoubleO to run GTM plays. Both incumbents paid for agents that do a job, which previews next year's upsell.
M&A
AMD Buys World Labs for $8.2B as Meta Hires MongoDB's CEO for Enterprise AI
AMD paid $8.2B for Fei-Fei Li's World Labs. Meta hired MongoDB's CJ Desai for its new Enterprise Platform. Both moves say the same thing: shipping enterprise AI now runs through the org chart.
M&A
Akamai Gave Anthropic a 5% Warrant. AI Infra Is Now a Corp-Dev Question.
Akamai gave Anthropic a warrant for up to 5% of its stock to win an $11.6 billion compute deal. Databricks bought Row Zero, a spreadsheet its own finance team used.
