Streetbeat News

Acquisitions Mergers

PSQH

PublicSquare (NYSE:PSQH) has launched a new payments platform and secured a $5.35M investment to drive growth. The company aims to reach $1B in GMV by the holiday season and has implemented a strategic plan to streamline operations, including a 35% staff reduction. The investment was made through a PIPE transaction, with shares purchased at a slight premium to the average closing price.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 10:35 am

HCTI

Healthcare Triangle has acquired the cloud and technology domain business of Securekloud Technologies, enhancing its capabilities in this sector.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:27 am

DBRG

DigitalBridge Group, Inc. (NYSE:DBRG) is set to acquire Yondr Group, a global developer of hyperscale data centers, to expand its digital infrastructure portfolio. This acquisition aims to capitalize on the growing demand for data centers driven by AI and cloud computing. The deal is expected to close in early 2025.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 9:05 am

GFI

Gold Fields Limited has completed the acquisition of Osisko Mining, gaining full ownership of the Windfall project in Northern Quebec. This strategic move enhances Gold Fields' presence in a key mining region.

Portfolio Pulse from Benzinga Newsdesk

October 28, 2024 | 8:02 am

GOOG

GOOGL

Waymo, backed by Alphabet Inc., has closed a $5.6 billion investment round to expand its robotaxi operations in San Francisco, Phoenix, and Los Angeles, with plans to include Austin and Atlanta by 2025. The funds will also enhance its autonomous driving system.

Portfolio Pulse from Anan Ashraf

October 28, 2024 | 7:36 am

Boeing is considering selling its Starliner spacecraft and NASA business to reduce losses, amid ongoing technical issues and financial struggles. The company is in early talks, including with Blue Origin, but no deals are confirmed. Boeing's financial losses have increased significantly, and its stock has declined.

Portfolio Pulse from Anan Ashraf

October 27, 2024 | 2:21 am

EDR

PPG

SJM

TKO

WOLF

Endeavor Group Holdings is considering selling IMG tennis assets, while TKO Group Holdings, parent of UFC and WWE, acquired IMG's sports marketing agency in a $3.25 billion deal. TKO also announced a $2 billion share-repurchase program. PPG sold its architectural coatings business for $550 million, and J.M. Smucker sold its cookie brand for $305 million. Wolfspeed paused plans for a German plant, and Verizon offered to buy Frontier Communications.

Portfolio Pulse from Anthony Noto

October 26, 2024 | 6:31 pm

AYRWF

CURLF

GTBIF

ITHUF

SNDL

TCNNF

Florida's cannabis market is poised for significant changes with the upcoming recreational cannabis vote. The market is experiencing deflation, with sales dropping despite volume growth, and a competitive landscape is emerging. Key players like Trulieve, Verano, and AYR are expanding retail operations, while M&A activity is expected to increase. Companies like AYR and iAnthus may become acquisition targets due to financial challenges, while others like Green Thumb and Curaleaf are positioned to acquire assets. If recreational cannabis is legalized, the market could triple, offering substantial growth opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

October 26, 2024 | 6:15 pm

DAL

IYT

JBLU

JETS

LUV

SAVE

SPR

ULCC

The DOJ and DOT have launched a public inquiry into airline competition, focusing on mergers, pricing, and rewards practices. This follows the DOJ's recent blocking of the JetBlue-Spirit merger. Spirit Airlines is in financial trouble and may merge with Frontier. The inquiry could impact major airlines and related companies.

Portfolio Pulse from Erica Kollmann

October 26, 2024 | 3:30 pm

PFIS

Peoples Financial Services Corp. announced that CEO Craig W. Best will step down by the end of 2024, with Gerard A. Champi set to succeed him. This leadership change follows the successful integration of FNCB Bancorp, Inc. after their merger.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 8:07 pm