Streetbeat News

Acquisitions Mergers

ATVI

MSFT

The FTC has submitted a document emphasizing Microsoft's post-acquisition conduct involving ZeniMax and Bethesda as evidence against its intended acquisition of Activision Blizzard. The filing points to Microsoft's willingness to make games Xbox exclusive as a key argument against the $68.7 billion acquisition.

Portfolio Pulse from Franca Quarneti

June 21, 2023 | 9:28 pm

RIVN

Rivian has acquired Swedish mapping company Iternio, the developer of the 'A Better Routeplanner' (ABRP) app, which is an industry leader in EV trip planning. The acquisition will enhance Rivian's trip planning capabilities for its EV drivers.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 9:02 pm

TSLA

Tesla is reportedly interested in acquiring German company Wiferion, known for its specialized wireless charging systems for industrial EVs. The potential acquisition comes after Tesla hinted at a wireless home charging system for their EVs during a corporate presentation.

Portfolio Pulse from Benzinga EV Insights

June 21, 2023 | 8:40 pm

CSCO

Cisco announces its intent to acquire Accedian, a network performance monitoring partner that enables seamless operation of service provider transport and 5G networks. The acquisition is expected to close during the first quarter of Cisco's FY24.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:27 pm

TMPO

Tempo Automation Holdings (NASDAQ: TMPO) has secured a $7 million unsecured subordinated convertible promissory note from Asia-IO Advanced Manufacturing Partners. The financing will strengthen Tempo's financial position and provide capital for the acquisition of Optimum Design Associates.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 8:04 pm

ROOT

Car-insurance firm Root has received a takeover bid at $19.34 per share, but has not yet managed to negotiate a deal, according to the Wall Street Journal.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 7:29 pm

ROOT

Root Inc. shares are trading higher after the company reportedly received a takeover bid.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 7:29 pm

VIAC

Simon & Schuster has received a bid from an investor backed by Abu Dhabi-based sovereign fund Mubadala Investment Company. The investor is seeking to acquire the publishing company from ViacomCBS.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 7:13 pm

CLSK

CleanSpark Inc (NASDAQ:CLSK) shares are trading higher after the company announced it will acquire two turnkey bitcoin mining campuses in Georgia for $9.3 million. The all-cash deal is expected to close later this week and add just under one exahash per second (EH/s) to CleanSpark's hashrate. The company aims to reach a year-end target of 16 EH/s.

Portfolio Pulse from Adam Eckert

June 21, 2023 | 7:08 pm

SLP

Oppenheimer analyst Francois Brisebois reiterated an Outperform rating on Simulations Plus (SLP) and raised the price target to $67 from $65, following the acquisition of Immunetrics. The acquisition is expected to strengthen SLP's quantitative systems pharmacology offering and provide immediate synergy and accretion.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2023 | 6:56 pm