Streetbeat News

Acquisitions Mergers

BA

QABSY

Boeing Co is expected to secure a deal for more of its 787 Dreamliner aircraft from Qantas Airways Ltd in Australia. The order, which is expected to be announced this month, will be the first order of the 787-10 model for Qantas. The deal is still subject to airline board approval. Qantas last placed a Dreamliner order in 2018 and in 2022, it ordered a dozen A350-1000s.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 10:25 am

MTSI

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has announced a definitive agreement to acquire the radio frequency business of Wolfspeed, Inc. for $125 million. The acquisition includes a portfolio of Gallium Nitride products used in high performance RF and microwave applications. The business generated annualized revenues of approximately $150 million and is expected to be immediately accretive to MACOM's non-GAAP earnings.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 10:08 am

S

Cybersecurity firm SentinelOne Inc (NYSE:S) is reportedly exploring a potential sale after its shares lost 80% of their value in the last two years. The company has hired investment bank Qatalyst Partners for advice on discussions with potential buyers. However, initial expressions of interest did not meet SentinelOne's valuation expectations, and the company may end the talks without a deal. SentinelOne recently reported Q1 FY24 revenue of $133.4 million, missing estimates, and cut its FY24 guidance for annual revenue growth.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 9:40 am

NUTX

Nutex Health Inc. (NASDAQ:NUTX) has acquired Population Health Associates, Inc. and Managed Care Insurance Consultants, Inc. The acquired companies are independent practice associations that provide coordinated care to approximately 4400 managed care patients through a network of approximately 112 primary care physicians in Florida. Victor Behar, Founder and CEO of the acquired companies, will lead all Florida IPA operations for Nutex Health.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 9:36 am

NUTX

Nutex Health Inc. (NASDAQ:NUTX) has announced the acquisition of Population Health Associates, Inc. and Managed Care Insurance Consultants, Inc. The terms of the deal were not disclosed.

Portfolio Pulse from Charles Gross

August 22, 2023 | 9:35 am

ATVI

MSFT

UBSFY

Ubisoft has signed an agreement to acquire cloud streaming rights to Activision Blizzard games, effective upon the completion of Microsoft's acquisition of Activision Blizzard. The deal includes all current and new titles launching in the next 15 years. The games will be available on Ubisoft+, and Ubisoft will also be able to license them to cloud gaming companies, service providers, and console makers.

Portfolio Pulse from Charles Gross

August 22, 2023 | 8:52 am

TSLA

Colin Campbell, a key engineering figure at Tesla Inc (NASDAQ:TSLA), is leaving the company after 17 years to join Redwood Materials, a company founded by Tesla’s co-founder and former CTO, J.B. Straubel. Campbell played a significant role in Tesla's growth and was part of the team that developed Tesla’s first electric sports car, the Roadster. His move follows the recent departure of Tesla's CFO, Zachary Kirkhorn.

Portfolio Pulse from Ramakrishnan M

August 22, 2023 | 7:51 am

ATVI

MSFT

Microsoft has submitted a new deal to U.K. regulators for the takeover of Activision Blizzard, following the initial rejection of the proposal.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 6:27 am

BTCUSD

COIN

DOGEUSD

ETHUSD

USDCUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline after Ethereum co-founder Vitalik Buterin deposited 600 ETH, worth approximately $1 million, to crypto exchange Coinbase. This comes amidst a wider market downturn, with ether experiencing a 10% decline over the last seven days. Coinbase is set to acquire a minority stake in Circle Internet Financial and dissolve their Centre Consortium partnership. Analysts warn that BNB is dragging down the entire crypto market.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 2:31 am

PYPL

Reid Hoffman, former COO of PayPal Inc (NASDAQ:PYPL), criticized Elon Musk's handling of the merger that led to the creation of PayPal. Musk's internet banking firm, X.com, merged with Confinity, a security software company co-founded by Peter Thiel, in 2000. Hoffman accused Musk of pushing for the merger by highlighting the talents of X.com’s leading executive, only to later force out that executive and assume the top position himself.

Portfolio Pulse from Benzinga Neuro

August 22, 2023 | 1:26 am