Streetbeat News

Acquisitions Mergers

PLTR

TSLA

Palantir co-founder Joe Lonsdale supports Elon Musk's acquisition of Twitter, now X, emphasizing its importance for free speech. Despite revenue declines due to brand withdrawals, Lonsdale criticizes the coordination against X. Meanwhile, Palantir shares hit a 52-week high after securing a $99.8 million U.S. Army contract.

Portfolio Pulse from Ananya Gairola

September 20, 2024 | 6:18 am

MSFT

Krafton has acquired Tango Gameworks from Microsoft, focusing on preserving creative talent rather than financial gain. The acquisition includes the Hi-Fi Rush IP, with Krafton aiming to continue its legacy. Around 50 Tango employees will join Krafton, with no immediate plans for staff reduction.

Portfolio Pulse from Franca Quarneti

September 19, 2024 | 9:52 pm

INTC

MBLY

Mobileye's stock surged nearly 15% after Intel announced it would retain its majority stake in the company, emphasizing Mobileye's potential in autonomous driving technology. Intel's decision reflects confidence in Mobileye's growth prospects and its role in the autonomous driving sector.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 9:37 pm

AGBA

AGBA Group shares are rising following the announcement that all conditions for the AGBA/Triller merger have been met, except for the final Nasdaq listing regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:34 pm

AGBA

AGBA Group Holding Limited is finalizing its merger with Triller Corp., pending final Nasdaq listing approval. The merger involves re-domiciling to Delaware, a forward and reverse share split, and allocating 70% of economic interests to Triller stakeholders.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:30 pm

CAPNU

Cayson Acquisition Corp has announced the pricing of its $60 million IPO, with units priced at $10 each. Trading will begin on Nasdaq under the symbol 'CAPNU'.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:28 pm

OMIC

Singular Genomics Systems, Inc. (NASDAQ:OMIC) has received a non-binding acquisition proposal from Concentra Biosciences and Tang Capital to acquire all outstanding shares for $12.00 per share in cash. Alternatively, stockholders may opt for a contingent value right to participate in future business value.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:25 pm

ALTM

Arcadium Lithium, a global lithium chemicals producer, shared its strategic vision at the 2024 Investor Day, highlighting plans to achieve $1.3B in adjusted EBITDA by 2028 and accelerate $125M in merger-related cost savings. The company aims to double sales volumes and has signed an MoU with Toyota Tsusho.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 9:02 pm

BATL

Battalion Oil Corp shares rise following the amendment of its Merger Agreement with Fury Resources, which involves the acquisition of all outstanding shares of Battalion at $7.00 per share in cash.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:50 pm

BATL

Battalion Oil Corporation (NYSE:BATL) has amended its merger agreement with Fury Resources, Inc., with Fury acquiring all outstanding shares of Battalion for $7.00 per share in cash. The transaction, expected to close in Q4 2024, involves significant capital commitments and requires Battalion stockholder approval.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 8:46 pm