DigitalOcean Acquires Paperspace For $111M In Cash
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean has acquired Paperspace for $111 million in cash. The deal is expected to enhance DigitalOcean's capabilities in the cloud computing space.
July 06, 2023 | 12:02 pm
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DigitalOcean's acquisition of Paperspace for $111M could strengthen its position in the cloud computing market.
The acquisition of Paperspace, a cloud computing company, by DigitalOcean is likely to enhance its capabilities in this space. This could potentially lead to increased market share and revenues, which may positively impact its stock price in the short term.
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