Streetbeat News

Acquisitions Mergers

PHUN

Phunware, Inc. (NASDAQ:PHUN) has announced the immediate wind down of operations of its subsidiary gaming PC Manufacturer, Lyte Technology. The decision follows an extensive assessment of strategic alternatives and may be followed by the sale or disposition of remaining Lyte assets. The move is expected to reduce Phunware's cash burn by about $2MM annually.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 10:05 pm

BOC

InfoWest, a subsidiary of Boston Omaha Corporation (NYSE:BOC), has acquired the assets of SunRiver Fiber Network from Cable Systems of Nevada. The acquisition includes all fiber internet assets and the internet and VoIP subscriber agreements, expanding InfoWest's fiber footprint in St. George.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:59 pm

CMCSA

DIS

Walt Disney Co. (NYSE:DIS) has announced plans to acquire the remaining 33% stake in Hulu from NBC Universal, a unit of Comcast Corporation (NASDAQ:CMCSA), for an expected price of $8.61 billion. The deal, expected to be completed in 2024, will give Disney full ownership of Hulu, which could boost its streaming plans. Disney's shares have struggled in 2023, but this acquisition could serve as a catalyst for the company.

Portfolio Pulse from Chris Katje

November 01, 2023 | 9:42 pm

PNTG

Pennant Group, Inc. (PNTG) has acquired a hospice provider in Northern Texas and Southern Oklahoma. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:36 pm

SITM

SiTime Corporation (NASDAQ:SITM) has announced an agreement to acquire clock products and license all clock IP from Aura Semiconductor in an all-cash transaction totaling $148 million, with earnouts capped at $120 million. The deal is expected to close by the end of 2023. This acquisition will allow SiTime to offer both clock and oscillator products, targeting the communications, datacenter, and AI markets. The company will also open an office in Bengaluru, India as part of the transaction.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:30 pm

DBRG

DigitalBridge Group, Inc. (NYSE:DBRG) announced that a subsidiary of the Abu Dhabi Investment Authority (ADIA) will acquire a 40% stake in Landmark Dividend LLC. The investment includes a commitment from ADIA and DigitalBridge to support Landmark's growth. The transaction requires regulatory approvals and is expected to close in the first half of 2024.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:26 pm

AZEK

The AZEK Company Inc. (NYSE:AZEK) has completed the sale of its Vycom business, a division of its Commercial segment, to Plaskolite, LLC. In connection with the sale, Jonathan Skelly has been appointed President for Residential and Commercial Businesses. Scott Van Winter will continue leading operations in Scranton as President of Scranton Products.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:17 pm

NARI

Inari Medical (NASDAQ:NARI) has agreed to acquire LimFlow SA, a developer of minimally-invasive technology for the treatment of chronic limb-threatening ischemia. The deal is worth up to $415 million, with $250 million in cash at closing and up to $165 million in additional payments based on certain milestones. The transaction is expected to close in Q4 2023. The acquisition is expected to increase patient access to LimFlow's FDA-approved system for Transcatheter Arterialization of the Deep Veins.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:08 pm

AGL

Agilon Health (NYSE:AGL) has sold its wholly owned subsidiary, MDX Hawaii, to a private buyer. The sale will allow Agilon to focus on its core partner markets in the continental United States. MDX Hawaii is a provider network supporting approximately 600 physicians. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 9:06 pm

F

Ford Motor Company has acquired an EV power startup to enhance its electric vehicle charging technology. The move is part of Ford's strategy to strengthen its position in the EV market.

Portfolio Pulse from Charles Gross

November 01, 2023 | 8:59 pm