Alibaba will merge its online food delivery subsidiary Ele.me with its local services spinoff Koubei, following earlier reports that SoftBank was joining Alibaba to invest about $3bn of funding in the new business.

UC Berkeley’s SkyDeck accelerator has secured an exit as schoolwork assessment technology developer Gradescope was acquired by Turnitin.

Dell Technologies Capital will exit Redlock in an acquisition by Palo Alto Networks, five months after it bought another cloud security software developer.

Anju Software has paid an undisclosed sum to acquire healthcare data provider Zephyr Health, which had raised $33.5m from investors including GV.

Alphabet subsidiary Google has bought RGA-backed customer service chatbot developer Onward to integrate the latter's AI tools with its own technology.

Holiday accommodation booking service Oasis Collections has been picked up by Vacasa after raising $35m in funding from investors including Hyatt and AccorHotels.

Alexion will pay $400m upfront for Baxalta-backed Syntimmune, with up to an additional $800m on offer if the autoimmune disease drug developer hits all its milestones.

Grubhub agreed to acquire student-focused food delivery app Tapingo, which had raised $36m from investors including Qualcomm Ventures.

Salesforce Ventures will exit cloud communications software provider NewVoiceMedia, which had raised more than $140m in venture funding.

Expense management platform Captio has been acquired by Certify for an undisclosed sum, providing exits to Bankinter and Banco Sabadell.