Streetbeat News

Acquisitions Mergers

TIGO

Millicom has announced the termination of discussions regarding a potential transaction with Apollo Global Management and Claure Group. The company did not provide further details on the reasons for the termination.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:14 pm

RIVN

Rivian Automotive (NASDAQ:RIVN) is reportedly in advanced talks to acquire Sweden-based EV route planning service, A Better Route Planner (ABRP). The acquisition could enhance ABRP's service with Rivian's resources and data from vehicle experiences and charging stations.

Portfolio Pulse from Benzinga EV Insights

June 15, 2023 | 8:09 pm

GOOGL

SQSP

Squarespace has entered a definitive agreement to acquire assets associated with Google Domains, including approximately 10 million domains. The transaction is expected to close in Q3 2023 and will be accretive to Squarespace's revenue and free cash flow over time.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:06 pm

SQSP

Squarespace has entered into a definitive agreement to acquire Google Domains assets, expanding its offerings and potentially increasing its market share.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 8:05 pm

CNGL

Canna-Global Acquisition Corp (NASDAQ: CNGL) has signed a definitive Bid Implementation and Business Acquisition Agreement with New Quantum Holdings, valuing the latter at $800M. The deal will result in New Quantum becoming a wholly-owned subsidiary of Canna Global and is expected to close in 2H 2023.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 7:04 pm

PARA

PARAA

Rumors suggest that Tyler Perry has finalized a deal to purchase BET and VH1 from Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) for $400 million. However, the reports remain unconfirmed. Paramount has been exploring the sale of BET Media Group to improve its financials and focus on its Paramount+ streaming platform.

Portfolio Pulse from Chris Katje

June 15, 2023 | 6:18 pm

DRI

KeyBanc Capital Markets analyst Eric Gonzalez reiterated an Overweight rating on Darden Restaurants, Inc. (NYSE:DRI) and raised the price target to $185 from $170. The analyst is bullish on Darden's recent acquisition of Ruth's Hospitality Group, Inc, which is expected to add to EPS in FY24 and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 6:12 pm

RIVN

Rivian is set to acquire A Better Route Planner (ABRP), a popular EV route planning app, according to an Electrek report. The acquisition aims to enhance Rivian's navigation system and user experience.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 5:48 pm

AMZN

Investors who bought $1,000 of Amazon (NASDAQ:AMZN) shares at its IPO in 1997 would have 13,334.4 shares today, worth $1,677,600.86. Amazon has grown through new product offerings, international expansion, and acquisitions.

Portfolio Pulse from Chris Katje

June 15, 2023 | 5:08 pm