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Acquisitions Mergers

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies slightly tumbled on Thursday evening following BitGo’s decision to halt the acquisition of rival Prime Trust. The price of Bitcoin seems to have hit a standstill after rallying for two days on news of spot Bitcoin ETFs. Analysts predict a 420% surge for Bitcoin by 2025.

Portfolio Pulse from Mehab Qureshi

June 23, 2023 | 2:33 am

ARKF

ARKK

ARKW

DKNG

HOOD

Cathie Wood's ARK Investment Management bought a $5.3 million stake in Robinhood Markets Inc (HOOD) while offloading over 163,000 shares of DraftKings Inc (DKNG) worth an estimated $4.1 million. The Robinhood purchase was conducted via ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF).

Portfolio Pulse from Bhavik Nair

June 23, 2023 | 1:19 am

TMKR

Tastemaker Acquisition Corp. (NASDAQ:TMKR) has announced the termination of its proposed business combination with Quality Gold, Inc. due to challenging market conditions. The SEC has not declared the S-4 registration statement for the business combination effective.

Portfolio Pulse from Charles Gross

June 22, 2023 | 9:31 pm

HEXO

TLRY

HEXO has completed its acquisition by Tilray Brands and has submitted a voluntary delisting application to the Toronto Stock Exchange and the Nasdaq Stock Market. The company expects its common shares to be delisted from the TSX and the Nasdaq shortly.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:07 pm

SRPT

Sarepta Therapeutics announced the wholesale acquisition cost or gross price of its gene therapy Elevidys for Duchenne Muscular Dystrophy at $3.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:02 pm

SRPT

Sarepta Therapeutics announced the wholesale acquisition cost or gross price of its gene therapy Elevidys for Duchenne Muscular Dystrophy at $3.2 million.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:01 pm

AMGN

HOTH

California, Minnesota, and Wisconsin have joined the FTC lawsuit to stop Amgen's $27.8 billion acquisition of Horizon Therapeutics, according to a Reuters report citing a court filing.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:45 pm

FCPT

Four Corners Property Trust (NYSE:FCPT) has acquired three Mo'Bettahs properties for $6.6 million. The properties are located in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:06 pm

OSTK

Overstock.com has won an auction to acquire some of Bed Bath & Beyond's assets for over $20 million, causing Overstock's shares to soar by 20%. The deal includes Bed Bath & Beyond's intellectual property and digital assets, but will not keep its stores open.

Portfolio Pulse from Aaron Bry

June 22, 2023 | 7:33 pm

ATVI

MSFT

SONY

Sony Interactive Entertainment CEO Jim Ryan expressed concerns about Microsoft's proposed acquisition of Activision Blizzard, stating that Sony could not risk sharing PlayStation 6 details with Activision if the buyout goes through. Ryan's remarks were made during a hearing with the U.S. Federal Trade Commission in April.

Portfolio Pulse from Franca Quarneti

June 22, 2023 | 7:21 pm