Streetbeat News

Acquisitions Mergers

BREA

Brera Holdings has signed a letter of intent to acquire an Italian Serie B football club. The financial details of the acquisition have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:04 pm

HPQ

HP Inc. has acquired Vyopta to enhance its Workforce Experience Platform, aiming to improve employee experience and IT management. The acquisition will provide HP with more insights and capabilities, setting it apart from competitors.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 12:01 pm

GS

GSK

JNJ

MS

SNY

Sanofi plans to spin off its consumer healthcare business to focus on drug development and cost-cutting. Private equity firms are interested, and the unit could be valued at over $20 billion. Goldman Sachs and Morgan Stanley are preparing financing for potential buyers.

Portfolio Pulse from Vandana Singh

September 25, 2024 | 11:18 am

TH

Target Hospitality has announced its commitment to focusing on high return initiatives, including in-organic growth, and has reaffirmed its 2024 guidance outlook.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:50 am

AMZN

GOOGL

MSFT

NVDA

Microsoft is investing $1.3 billion in AI skills and infrastructure in Mexico over the next three years. This move aims to democratize AI access and improve connectivity for small and medium-sized businesses. Despite this, Microsoft faces increased competition in AI from Amazon and Alphabet, leading to a downgrade by DA Davidson analyst Gil Luria.

Portfolio Pulse from Anusuya Lahiri

September 25, 2024 | 10:42 am

NWS

NWSA

RTMVY

REA Group, a subsidiary of News Corporation, expressed disappointment over Rightmove's board rejecting its proposals. REA is eager to engage with Rightmove's board for further discussions.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 10:39 am

CHTR

LBRDA

LBRDK

Liberty Broadband shares surged after announcing a counterproposal for a merger with Charter Communications. The all-stock transaction would see Liberty shareholders receive Charter shares, with Charter assuming Liberty's debt. The proposal aims to simplify corporate structure and enhance liquidity.

Portfolio Pulse from Erica Kollmann

September 24, 2024 | 9:23 pm

PRGS

Progress Software Corp (NASDAQ:PRGS) reported strong Q3 earnings, surpassing revenue and EPS estimates. The company raised its full-year guidance and announced a proposed acquisition of ShareFile. PRGS shares rose 4.29% in after-hours trading.

Portfolio Pulse from Adam Eckert

September 24, 2024 | 9:13 pm

DSGR

Distribution Solutions Group's subsidiary, Gexpro Services, plans to acquire Singapore-based Tech-Component Resources. The acquisition will be funded through existing cash and is expected to close in Q4 2024. It is not expected to materially impact DSG's financial results.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:50 pm

ENV

Envestnet, Inc. (NYSE:ENV) stockholders have approved the company's acquisition by Bain Capital. This marks a significant step in the merger process.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 8:38 pm