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Acquisitions Mergers

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

DLTR

Dollar Tree's Q3 2024 outlook reveals lower-than-expected EPS and sales estimates, with adjusted EPS projected between $1.05 and $1.15, below the $1.32 estimate. Sales are expected to be between $7.4B and $7.6B, slightly below the $7.59B estimate. The outlook is impacted by costs related to acquisitions and higher project expenses.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:37 am

DLTR

Dollar Tree has lowered its fiscal year 2024 outlook, adjusting its EPS to $5.20-$5.60 from $6.50-$7.00 and sales to $30.6B-$30.9B from $31B-$32B. This reflects second quarter results, a conservative sales outlook, and costs from the acquisition of 99 Cents Only Stores leases.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 10:35 am

BX

Blackstone has announced a deal to acquire AirTrunk, a data center operator, for an implied enterprise value of over A$24 billion. This acquisition highlights Blackstone's strategic expansion in the data center sector.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:51 am

NXPI

Vanguard International Semiconductor Corporation and NXP Semiconductors have secured approvals for their $7.8 billion joint venture to establish a 300mm wafer fab in Singapore.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 9:03 am

NVDA

Nvidia is investing $137 million in Tokyo-based startup Sakana AI, becoming a major shareholder. This investment is part of Sakana AI's Series A funding round, which raised approximately 20 billion yen. Nvidia's involvement includes collaboration in AI research and development in Japan. Despite recent stock declines, Nvidia continues to focus on AI advancements.

Portfolio Pulse from Benzinga Neuro

September 04, 2024 | 8:41 am

WISA

WiSA Technologies (NASDAQ:WISA) plans to acquire Datavault assets for $210M, enhancing its Web 3.0 and sound transmission solutions. The deal involves issuing 40 million shares and a $10M note, with closing expected by December 31, 2024. This acquisition aims to expand WiSA's offerings in data and acoustic sciences.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 8:09 am

BFST

Business First Bancshares' merger with Oakwood Bancshares has been approved, expanding b1BANK's presence in Texas with five new branches. The merger will increase b1BANK's assets to $7.6 billion and is expected to complete by October 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 7:26 am

DKS

DLTR

HPE

NVDA

SGRP

U.S. stocks fell on Tuesday, with the Dow dropping over 600 points and the Nasdaq down 3%, driven by a significant decline in Nvidia shares. Despite the downturn, the CNN Money Fear and Greed index remains in the 'Greed' zone. SPAR Group shares surged over 65% following an acquisition announcement. Investors are anticipating earnings from Dollar Tree, DICK'S Sporting Goods, and Hewlett Packard Enterprise.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 7:13 am

MSFT

OpenAI CEO Sam Altman is planning a major AI infrastructure project in the U.S., potentially costing tens of billions of dollars. The project aims to form a global coalition of investors, including those from Canada, Korea, Japan, and the UAE. Microsoft, OpenAI's largest investor, is expected to participate. The project may attract scrutiny from the Committee on Foreign Investment in the U.S.

Portfolio Pulse from Ananya Gairola

September 04, 2024 | 6:29 am