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MN-40039

Bloomberg / Canoe IntelligenceMN-40039

View on ACCC

Processing timeline

3

days

Filed

20 Aug 2026

Decision Due

1 Oct 2026

Est decision date: 22 Sept 2026. Based on 74 decided Professional & Business Services notifications.

Type
Notification
Outcome
Pending
Stage
Phase 1 - initial assessment
Status
Under assessment

Parties

Acquirer(s)

Bloomberg Inc. Delaware Secretary of State File Number - 929944

Target(s) or Vendor(s)

Canoe Software Inc. EIN - 82-1936172

Other parties

Clipper Acquisition Inc. Delaware Secretary of State File Number - 10690425

Summary

Bloomberg Inc. proposes to acquire Canoe Software Inc. via a merger, making Canoe a direct subsidiary. Bloomberg provides business and financial news and technology solutions. Canoe offers a data management and intelligence platform for private markets investment information, facilitating data sharing.

Acquisition details

Bloomberg, Inc. ( Bloomberg ) proposes to acquire Canoe Software Inc. ( Canoe ), whereby a newly formed subsidiary of Bloomberg (Clipper Acquisition Inc.) will merge with and into Canoe, following which Canoe will be a direct subsidiary of Bloomberg (the Acquisition ). Bloomberg is a privately owned company and is headquartered in New York, US. Bloomberg provides business and financial news and information along with financial technology solutions including through the Bloomberg Terminal, Bloomberg Enterprise Data License, Enterprise Products, Bloomberg Electronic Trading Solutions and Bloomberg Media. These services are provided to investors and other financial market participants globally, including in Australia. Canoe provides a data management and intelligence platform designed to streamline the collection and organisation of private markets investment information globally and in Australia. Canoe’s platform facilitates the sharing of private funds data between General Partners and Limited Partners, typically on behalf of Limited Partners. General Partners are generally asset managers, while Limited Partners are typically asset owners.

Industry

Broad:Professional & Business Services

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