Streetbeat News

Acquisitions Mergers

BABA

JTEK

NVDA

PGJ

Alibaba is increasing its AI investments in Lazada to compete with Shopee and TikTok Shop in Southeast Asia's e-commerce market. The company aims to enhance personalized shopping and logistics, targeting $100 billion in e-commerce volume by 2030. Alibaba's stock has risen 21% recently due to China's economic measures.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 1:02 pm

PPG

American Industrial Partners is set to acquire PPG's U.S. and Canadian architectural coatings business, which generated $2 billion in revenue in 2023. The deal is expected to close by early 2025, pending customary conditions.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:47 pm

KZR

Kezar Life Sciences' Board has rejected Concentra Biosciences' acquisition proposal, citing undervaluation. The Board also adopted a stockholder rights plan to protect against Concentra's rapid stock accumulation.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:45 pm

NIXX

Nixxy shares are trading higher following updates on its business strategy, including acquisitions in traditional markets and improvements in operations through technology and data analytics.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:38 pm

NIXX

PIXY

TSM

On October 17th, Nixxy announced a strategy to acquire businesses in traditional markets, ShiftPixy acquired TurboScale in a $150M deal, and Taiwan Semiconductor shares rose due to a Q3 earnings beat and strong Q4 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

EXPE

Expedia shares have risen due to a report indicating that Uber considered a takeover bid for the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

ZUO

Zuora, Inc. (NYSE:ZUO) has entered into a definitive agreement to be acquired by Silver Lake and GIC for $1.7 billion. Zuora stockholders will receive $10.00 per share in cash, representing an 18% premium to the company's unaffected closing stock price. The transaction will result in Zuora becoming a privately held company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

EXPE

UBER

Uber has reportedly explored a takeover bid for Expedia, according to the Financial Times. This potential acquisition could have significant implications for both companies in terms of market expansion and strategic alignment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:13 pm

PIXY

ShiftPixy shares rose following the announcement of its acquisition of TurboScale.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:07 pm

PIXY

ShiftPixy has announced a $150 million acquisition of TurboScale, which includes $75 million in stock and $75 million in debt. This acquisition aims to enhance ShiftPixy's AI capabilities and optimize staffing solutions using TurboScale's advanced GPU cloud infrastructure and AI model deployment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm