Streetbeat News

Acquisitions Mergers

FBGL

FBS Global Limited is set to IPO on NASDAQ under the ticker FBGL, with shares priced between $4.50 and $5.00. The insider lock-up period is 180 days, ending March 26, 2025. The company specializes in green building and interior fit-out projects.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 3:00 pm

BX

LBO

WBIL

Blackstone Inc. is investing $13.3 billion in a new AI data center in the UK, expected to create 4,000 jobs. This move aligns with UK Prime Minister Keir Starmer's economic growth plans. Blackstone also announced an $8.4 billion acquisition of Smartsheet with Vista Equity Partners.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 2:22 pm

IYG

V

XLF

Visa Inc. is acquiring AI fraud specialist Featurespace to enhance its payment security solutions. This acquisition aims to bolster Visa's fraud detection capabilities and support global clients. The deal is expected to close in fiscal year 2025. Visa shares rose 1.21% following the announcement.

Portfolio Pulse from Lekha Gupta

September 26, 2024 | 2:02 pm

GOOG

GOOGL

Google's venture capital arm, GV, has invested $11 million in Finnish startup Distance Technologies, which is developing mixed-reality tech for car windshields and airplane cockpits. This move aligns with Google's strategic interest in the AR/VR market.

Portfolio Pulse from Benzinga Neuro

September 26, 2024 | 1:36 pm

AGR

Avangrid shareholders have approved a merger agreement at the 2024 annual meeting, allowing Iberdrola to acquire the remaining 18.4% of Avangrid and take the company private.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:27 pm

SHOT

Safety Shot has announced the spin-off of its Caring Brands business to concentrate on the commercialization of its Safety Shot supplement. The company also plans to issue a dividend of two million shares to its shareholders.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:18 pm

CMGEF

CMGE Technology is expanding its global presence by acquiring international rights to 'The Legend of Sword and Fairy' from Softstar Entertainment. This move aims to offset domestic competition and capitalize on the success of 'Black Myth: Wukong'.

Portfolio Pulse from The Bamboo Works

September 26, 2024 | 1:10 pm

XTKG

X3 Holdings (NASDAQ:XTKG) is acquiring Xpic Games Co., Ltd, marking a strategic entry into the high-growth game service industry. This move aims to leverage Xpic Games' expertise in game development and publishing to expand X3 Holdings' presence in digital game entertainment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:07 pm

SPRC

SciSparc has signed a non-binding letter of intent to sell its stake in MitoCareX at a 47% increased valuation since its initial investment. This move could positively impact SciSparc's financial position.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:06 pm

V

Visa is set to acquire Featurespace, a developer of real-time AI payments protection technology. The financial details of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 1:06 pm