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Acquisitions Mergers

AAPL

FTTUSD

Apple Inc. has reportedly spent $5 million to acquire the rights to Michael Lewis' upcoming book about the journey of FTX's co-founder and former CEO Sam Bankman-Fried. The book, titled 'Going Infinite: The Rise and Fall of a New Tycoon,' is set to be published on October 3, coinciding with the start of Bankman-Fried's trial in New York. There are also discussions about a potential documentary by director Nanette Burstein.

Portfolio Pulse from Murtuza Merchant

September 08, 2023 | 8:14 pm

TGAA

Target Global Acquisition I Corp. (NASDAQ:TGAA) has announced an extension of the deadline to complete its initial business combination from September 13, 2023, to October 13, 2023. This extension was requested by Target Global Sponsor Ltd and approved by the company's board of directors. The company also announced that the Sponsor will deposit $90,000 into the company's trust account in connection with the extension.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 8:04 pm

LNW

SCPL

Truist Securities analyst Barry Jonas has reiterated a Buy rating on Light & Wonder, Inc. (NASDAQ:LNW), raising the price target to $86 from $78. This follows a robust Q2 beat and the expected acquisition of SciPlay Corporation (NASDAQ:SCPL) in Q4. Despite industry headwinds, SciPlay continues to see growth. LNW's management also reiterated its $1.4 billion 2025 AEBITDA target, citing expansion into adjacent markets and attracting top game design talent as key contributors.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 6:54 pm

HAIA

Healthcare AI Acquisition Corp has appointed Xiaocheng Peng as CFO and a non-independent director of the company. The board has also accepted the resignation of Weiyi Zheng as a director of the company.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:20 pm

TCOA

Zalatoris Acquisition Corp. has entered into a definitive Business Combination Agreement and Plan of Merger with Millymont Limited, AnyTech365 Merger Sub, J. Streicher Technical Services, Anteco Systems, and their representatives. The agreement was signed on September 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 5:12 pm

CBDD

CBD of Denver, Inc. (OTC:CBDD) has acquired HOLISTICH GmbH, a Swiss-based company focused on cannabis tissue cultures. This acquisition will allow CBDD to access the European market, particularly in the DACH region (Germany, Austria, and Switzerland). HOLISTICH has a portfolio of over 240 cannabis strains and will add 30 new exclusive strains with the help of Luxora. The acquisition comes after Germany's cabinet approved marijuana legalization in August.

Portfolio Pulse from Jelena Martinovic

September 08, 2023 | 5:05 pm

AAPL

NVDA

QQQ

SFTBF

SFTBY

SPY

Nvidia Corp's stock remained unstable after a two-day slide due to rising Treasury yields and China's retaliatory move against Apple Inc's iPhone. Broader indexes represented by SPDR S&P 500 and Invesco QQQ Trust lost close to 2% this week. Nvidia's former acquisition target Arm Ltd shared ambitious forecasts driven by the demand for chips in data centers and AI. Nvidia also collaborated with Mukesh Ambani's Reliance Industries, marking Reliance Jio Infocomm and Reliance Industries' telecom's foray into AI.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 3:36 pm

ACI

Albertsons Companies Inc. (ACI) has announced a divestiture agreement with C&S Wholesale Grocers for 413 stores and other assets. This has led to a rise in Albertsons' share prices.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:29 pm

BERY

Berry Global Group, Inc. (NYSE:BERY) is exploring strategic alternatives for its Health, Hygiene, and Specialties (HH&S) segment due to weaker demand and unfavorable price-cost spread. Options include a sale, strategic partnership, joint venture, spin-off to shareholders, or other separation transaction. The segment saw a 7% volume decline in Q3, primarily due to weaker demand in specialty markets. The segment also experienced a $20 million unfavorable impact from the price cost spread in Q3.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 3:21 pm

XRPUSD

Ripple, a leading enterprise blockchain and crypto solutions company, has announced its acquisition of Fortress Trust, a subsidiary of Fortress Blockchain Technologies. Fortress Trust provides licensed Web3 financial, regulatory, and technology infrastructure for blockchain innovators. This acquisition follows Ripple's recent purchase of crypto custody provider Metaco for $250M. The acquisition of Fortress Trust expands Ripple's portfolio of regulatory licenses, as Fortress Trust holds a Nevada Trust license. Ripple plans to invest in parent company, Fortress Blockchain Technologies and its FortressPay services after the deal closure.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:07 pm