Streetbeat News

Acquisitions Mergers

AMZN

Amazon's $4 billion investment in AI startup Anthropic will not face a formal antitrust investigation by U.K. authorities, providing relief to U.S. tech companies regarding their AI startup investments.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 1:41 pm

MVPA

OCTA

TTE

TotalEnergies has acquired a 45% stake in Lewis Energy Group's dry gas-producing assets in Texas' Eagle Ford basin, enhancing its U.S. gas value chain presence. This follows a previous acquisition in the same region and strengthens its upstream gas position. TotalEnergies shares are trading higher premarket.

Portfolio Pulse from Lekha Gupta

September 27, 2024 | 1:29 pm

AVGO

GOOGL

INTC

MSFT

NVDA

SMH

SOXX

The article discusses the ongoing expansion in AI investments by major tech companies like Microsoft, Google, and Meta, and the benefits reaped by Nvidia and Broadcom. Microsoft is investing heavily in AI infrastructure in Brazil and Mexico, while Google is expanding its data centers in South Carolina. Intel is seeking government funding and exploring stake sales, which could impact its subsidy chances. Semiconductor ETFs have seen recent gains.

Portfolio Pulse from Anusuya Lahiri

September 27, 2024 | 1:23 pm

OMC

Omnicom's precision marketing division, OPMG, has acquired LeapPoint, a digital advisory firm, to enhance its marketing lifecycle orchestration and performance. This acquisition aims to provide a comprehensive end-to-end content solution, leveraging LeapPoint's expertise in Adobe technology to streamline workflows and improve team collaboration.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:38 pm

KFS

Kingsway Financial Services Inc. (NYSE:KFS) has acquired Image Solutions LLC for $19.5 million in an all-cash transaction, partially funded by $7.75 million in debt. The acquisition is expected to be immediately accretive, adding $9.8 million in annual revenue and $3.1 million in adjusted EBITDA.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:37 pm

NFLX

SATS

TPG

DirecTV and Dish Network are in advanced talks to merge, potentially forming the largest U.S. pay-TV provider. The merger aims to help both companies compete with streaming services and address Dish's debt. DirecTV, owned by AT&T and TPG, will control the new entity. Regulatory concerns remain.

Portfolio Pulse from Vandana Singh

September 27, 2024 | 12:20 pm

WW International, Inc. (NASDAQ:WW) announced a leadership change with Tara Comonte appointed as Interim CEO, succeeding Sima Sistani. Sistani led the company's digital transformation and telehealth expansion.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 12:05 pm

PRMW

Primo Water and an affiliate of Bluetriton Brands have received regulatory approval under the Investment Canada Act for their previously announced all-stock combination.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 10:35 am

CVX

HES

XOM

The FTC is blocking John Hess from joining Chevron's board as part of the $53 billion Chevron-Hess merger deal. This condition is set to secure antitrust approval. The merger still faces arbitration issues involving Exxon Mobil and China National Offshore Oil Corporation over a project in Guyana.

Portfolio Pulse from Benzinga Neuro

September 27, 2024 | 10:06 am

SATS

TPG

DirecTV is reportedly nearing a deal to acquire EchoStar's Dish and Sling businesses, a merger that has been in discussion for years. This potential acquisition could significantly impact the satellite TV market.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 9:14 am