DigitalOcean shares are trading higher after the company announced it acquired Paperspace for $111 million.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean has announced the acquisition of Paperspace for $111 million, leading to a rise in its share prices.
July 06, 2023 | 7:48 pm
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DigitalOcean's acquisition of Paperspace for $111 million has led to an increase in its share prices.
The acquisition of Paperspace by DigitalOcean is a significant move that has been positively received by the market, leading to a rise in its share prices. This suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100