Streetbeat News

Acquisitions Mergers

CLSK

CleanSpark Inc. (NASDAQ:CLSK) has entered into definitive agreements to acquire two turnkey bitcoin mining campuses in Dalton, Georgia, for $9.3 million in cash. The facilities are expected to add just under 1 exahash per second (EH/s) to CleanSpark's hashrate and host over 6,000 Antminer S19 XPs and S19J Pro+s.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 1:00 pm

INTC

Intel has agreed to sell a 20% stake in its IMS Nanofabrication business to Bain Capital, valuing IMS at approximately $4.3 billion.

Portfolio Pulse from Bill Haddad

June 21, 2023 | 11:31 am

LAD

Lithia & Driveway has announced the acquisition of Wade Ford in Smyrna, Georgia, which is expected to expand its reach in the Southeast Region and add an estimated $285 million in annualized revenue. The acquisition was financed using existing on-balance sheet capacity.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 11:09 am

ATVI

MSFT

Microsoft is preparing to defend its acquisition of Activision Blizzard against the US Federal Trade Commission's (FTC) attempt to block the deal. Top executives, including Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick, will appear in court to argue against the FTC's concerns about consumer choice and competition.

Portfolio Pulse from Rounak Jain

June 21, 2023 | 10:44 am

DDD

SSYS

3D Systems (DDD) expressed disappointment in Stratasys' (SSYS) rejection of its business combination proposal, stating that it remains undeterred in pursuing the combination. 3D Systems believes the combination offers the best blend of immediate value, long-term growth, and certainty to close.

Portfolio Pulse from Charles Gross

June 20, 2023 | 11:12 pm

AWK

Illinois American Water has acquired the Village of Tolono's water and wastewater systems for $9.416 million.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:45 pm

ATVI

MSFT

Microsoft CEO Satya Nadella and other Xbox executives will defend the company's proposed $68.7 billion acquisition of Activision Blizzard in an FTC case. If the FTC wins an injunction, the deal could be over. Sony's PlayStation chief, Jim Ryan, will also testify via video link.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 8:42 pm

NVEE

NV5 Global is reportedly exploring a sale, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 7:58 pm

PARAA

Tyler Perry is reportedly refusing to pay the $3 billion asking price for Paramount's Black Entertainment Television (BET) Group, putting the sale in doubt. Perry, who already owns a 25% stake in BET and BET+, has private equity backing for his offer. Paramount Global, which bought BET for $2.7 billion in 2000, is seeking a sale price of roughly 10 times BET Group's current $325 million Ebitda.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:44 pm

AJRD

LHX

LMT

Lockheed Martin has raised concerns over L3Harris Technologies' acquisition of Aerojet Rocketdyne Holdings, citing lack of response to requests for access to rocket motors, fair pricing, and IP protections. Lockheed has approached the U.S. Defense Department and Federal Trade Commission for intervention.

Portfolio Pulse from Akanksha Bakshi

June 20, 2023 | 7:23 pm