Business
Calm meditation app doubles value in pandemic as financial backers pile in – Sydney Morning Herald
The maker of the meditation, sleep and relaxation app Calm has boosted its market valuation to $US2 billion ($2.7 billion) as private equity fund TPG, Goldman Sachs…
“We’re interested in acquisitions of other businesses and growing Calm through M&A,” said co-founder and co-CEO Michael Acton Smith, declining to provide specifics. He said that the company — which has partnered with the likes of singer Harry Styles, actor Matthew McConaughey and musician Moby — will pursue deals with new talent and continue its international expansion. This week, it’s adding content in Japanese, its seventh language, after English, German, French, Spanish, Korean and Portuguese.
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