Streetbeat News

Acquisitions Mergers

LLY

Eli Lilly and Company (LLY) has announced plans to acquire Versanis for $1.925 billion in cash. The acquisition is expected to strengthen Lilly's position in the pharmaceutical industry.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 12:01 pm

ATVI

MSFT

Microsoft Corp (MSFT) and Activision Blizzard, Inc (ATVI) are reportedly considering giving up some control of their cloud-gaming business in the U.K. to appease regulators and complete their $69 billion merger by July 18. This could involve selling off the cloud-based market rights for games in the U.K. Both companies believe the deal can be closed before the deadline, despite opposition from U.S. and U.K. regulators fearing anticompetitive repercussions.

Portfolio Pulse from Anusuya Lahiri

July 14, 2023 | 11:41 am

CWH

Camping World has acquired a dealership in Yuba City, California, marking the opening of its 198th RV dealership. The SuperCenter offers a range of new and used RVs from top manufacturers, RV and outdoor products and accessories, and the entire portfolio of Good Sam products and services.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:32 am

FREQ

Frequency Therapeutics has agreed to merge with Korro Bio in an all-stock transaction. This has led to an increase in Frequency Therapeutics' share prices.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 11:14 am

FREQ

Korro Bio and Frequency Therapeutics have entered into a definitive merger agreement to combine in an all-stock transaction. The combined company will focus on the advancement of Korro Bio's portfolio of RNA editing programs and will operate under Korro Bio, Inc. It will apply to trade on Nasdaq under the ticker symbol 'KRRO'.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 10:32 am

TSLA

Malaysian Prime Minister Anwar Ibrahim has held discussions with Tesla Inc. and SpaceX CEO Elon Musk regarding potential investments in Malaysia. The talks included Tesla's decision to invest in Malaysia and the potential of SpaceX's Starlink service in the country. Tesla's operations in Malaysia are set to commence this year.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 9:19 am

ATVI

MSFT

The UK Competition and Markets Authority (CMA) has extended the statutory period to make an order on the merger between Microsoft and Activision Blizzard by six weeks.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 9:17 am

ROIV

Roivant Sciences is reportedly in talks with Roche over a $7 billion deal for a stomach disease drug. This news has led to an increase in Roivant's share price.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 8:44 am

BRKA

BYDDF

TSLA

China’s largest EV maker, BYD Co Ltd, backed by Warren Buffett's Berkshire Hathaway, has proposed a $1 billion investment to build electric cars and batteries in India through a joint venture with a local engineering company. This move could challenge Tesla Inc’s dominance in the EV market and expand BYD's global presence. BYD has already invested $200 million in India and plans to manufacture 100,000 EVs annually in India over the next few years.

Portfolio Pulse from Arpit Nayak

July 14, 2023 | 8:36 am

DWAC

Former President Donald Trump disclosed his post-presidency earnings, totaling approximately $1 billion. The revised financial filing includes earnings from foreign ventures, speaking fees, and a Florida golf course. Trump Media & Technology Group, the company behind Truth Social, which is set to merge with Digital World Acquisition Corp (NASDAQ:DWAC), received only $1.2 million in advertising revenue.

Portfolio Pulse from Benzinga Neuro

July 14, 2023 | 12:53 am