Streetbeat News

Acquisitions Mergers

AAPL

DIS

Disney is set to announce its latest quarterly earnings, with analysts keen to hear CEO Bob Iger's thoughts on mergers and acquisitions. Iger has retained former executives Kevin Mayer and Tom Staggs to help decide the future of ESPN. This follows Iger's recent comments suggesting Disney may shed some of its assets.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:56 pm

SAGA

Sagaliam Acquisition has confirmed funding and extended the deadline to complete its business combination. The company has deposited $57,380.22 in a trust account for its public stockholders.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:29 pm

TRI

Thomson Reuters (TSX:TRI) has announced a definitive agreement to acquire full ownership of the Westlaw Japan business, currently a joint venture with Shin Nippon. The deal is subject to regulatory approval and is expected to close in Q4 2023. Post-acquisition, Shin Nippon will continue to be a strategic partner for Westlaw Japan.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:27 pm

LIBY

Liberty Resources Acquisition Corp. (NASDAQ:LIBY) has deposited $150,000 into its trust account for public stockholders, extending the time it has to consummate its initial business combination by one month to September 8, 2023.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:12 pm

AJG

Arthur J. Gallagher & Co. has acquired Wigmore Insurance Agency, Inc., a retail insurance broker based in Costa Mesa, California. The terms of the transaction were not disclosed. Wigmore provides a range of commercial and personal insurance services to clients throughout Southern California. The Wigmore team will continue to operate from their current location under the direction of Scott Firestone, head of Gallagher's Southwest region retail property/casualty brokerage operations.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:08 pm

VLD

Schoeller-Bleckmann Oilfield Technology (SBOT) has purchased a Sapphire XC large-format printer from Velo3D, Inc. (VLD) to expand its additive manufacturing capabilities. The new printer will support the growing demand for 3D-printed parts from SBOT customers, enhancing production capabilities and delivering high-volume parts at a reduced cost. SBOT became the first Velo3D contract manufacturer in Europe in November 2021. The partnership with SBOT strengthens Velo3D's position as a global leader in advanced metal 3D printing.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:03 pm

COF

ISPO

Capital One Ventures has entered into an agreement for a $25 million convertible note investment in Inspirato, a luxury travel subscription service.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:02 pm

AAPL

INTC

NVDA

SFTBY

SoftBank Group Corp. is reportedly planning to list its Arm chip design unit in an IPO in mid-to-late September. The market capitalization at the listing is expected to be over $60 billion. Tech giants Apple, Intel, Nvidia, and Samsung are said to be investing in Arm immediately after its listing. SoftBank currently owns 75% of Arm shares, with the remainder held by the SoftBank Vision Fund, which plans to sell 10-15% of its stake.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 1:00 pm

JTAI

OXAC

Oxbridge Acquisition Corp (OXAC) and Jet Token inc. (JTAI) have announced that their previously proposed business combination has been approved by Oxbridge's shareholders, with 99.99% of votes in favor. The companies will now work towards completing the merger as soon as possible, subject to satisfying all remaining closing conditions.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:54 pm

JEWL

Adamas One Corp. (Nasdaq: JEWL) has announced its intention to acquire Flawless Allure Grown Diamonds, LLP (FAGD), a key lab-grown diamond manufacturer. The acquisition includes all patents, trademarks, know-how, trade secrets, supply lists and other assets of intellectual property, as well as all material assets, including property and property rights currently held by FAGD. The acquisition will allow Adamas One to control all aspects of production of lab-grown diamonds.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:53 pm