Following almost two years of trying to sell themselves, Cabela's has finally been purchased by fellow outdoor goods rival Bass Pro Shops for about $4 billion dollars. Meanwhile, furniture giant Ikea announced that they have fully bought out on-demand services platform company TaskRabbit.

Cabela's finally sold for a hefty price tag

Back in November 2015, Cabela's announced that following a 21% stock decline and an attempt to restructure itself in order to lower expenses, they would put themselves on the market. Now, after a year of negotiations with Bass Pro Shops, Cabela's has finally been purchased for a hefty sum of money.

As part of the merger, Cabela's shareholders will receive $61.50 per share.

In a separate deal, the Cabela's credit card has been sold to Capital One through Synovus Bank, which is acting as an intermediary. For their role, Synovous received $75 million dollars along with $1.1 billion in deposits.

According to the Omaha World-Herald, the new combined company headquarters will relocate to Springfield, Missouri where Bass Pro Shops is based. Due to this the future of around 2,000 employees at Cabela's headquarters in Sidney, Nebraska remains unclear. Both companies released a video that strongly emphasized their similarities and shared roots following the merger.

IKEA buys TaskRabbit in a move to stay relevant

Today, IKEA announced that they signed a conditional agreement to acquire all of the shares of TaskRabbit, Inc., with the news first being reported by Recode. This comes six months after their CEO said that the company was listening to sales interest from strategic buyers.

The price of the deal is not yet known at this time but it has been confirmed by IKEA that TaskRabbit will continue to operate as an independent company within them.

Also, the company's CEO, Stacy Brown-Philpot, and its staff will remain in place.

TaskRabbit is one of the most notable startup companies that operates in the gig economy, which helps link freelance workers with various jobs. They only have around 60 official employees but more than 60,000 independent workers across America and the U.K.

use the platform.

IKEA's purchase shows that they are getting more deeply involved in the digital world in order to compete with the likes of Amazon. It also shows that they are clearly happy with TaskRabbit, as the two previously struck a pilot partnership deal last year in the United Kingdom.
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