Streetbeat News

Acquisitions Mergers

MSFT

Microsoft's recent layoffs have impacted Activision Blizzard's mobile game teams, particularly those working on Call of Duty: Warzone Mobile and Warcraft Rumble. Despite high expectations, Warzone Mobile has underperformed, leading to team reductions. Warcraft Rumble also faces waning interest. These developments raise questions about Microsoft's mobile gaming strategy post its $69 billion acquisition of Activision Blizzard.

Portfolio Pulse from Franca Quarneti

September 13, 2024 | 6:08 pm

SMAR

Smartsheet shares are rising due to a report that Vista and Blackstone are seeking $3.2 billion in private debt to support a proposed acquisition.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 6:02 pm

KKR

KKR & Co. Inc. (NYSE:KKR) shares are trading higher as the company aims to replicate its European private equity success. KKR's assets under management have doubled in five years, reaching over $37 billion. The firm is optimistic about future growth, focusing on sustainable investments. Despite a cautious outlook for 2025, KKR has been active this year, with significant deals like acquiring Telecom Italia's landline network.

Portfolio Pulse from Nabaparna Bhattacharya

September 13, 2024 | 5:28 pm

E

Italy's Eni is in discussions with several funds to potentially sell another minority stake in its low-carbon unit, Plenitude. The talks are based on a valuation of over €10 billion for Plenitude.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 4:41 pm

MSFT

Microsoft is cutting 650 jobs in its gaming division following its $69 billion acquisition of Activision-Blizzard. Despite these layoffs, Microsoft's stock has grown 13% year-to-date, reflecting a strategic realignment to manage its expanded gaming portfolio.

Portfolio Pulse from Zaheer Anwari

September 13, 2024 | 4:10 pm

BX

SMAR

Vista Equity Partners and Blackstone are seeking $3.2 billion in private debt financing for Smartsheet, a work management software company. This move indicates a significant investment and potential growth for Smartsheet.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:30 pm

X

United States Steel shares rose as reports indicate President Biden is not blocking Nippon Steel's acquisition bid.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:28 pm

EWJ

X

The White House has indicated a delay in the decision regarding the takeover of U.S. Steel by Nippon Steel. This delay is due to political considerations ahead of the upcoming election. The decision could impact the steel industry and related stocks.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 3:25 pm

OMIC

Singular Genomics Systems, Inc. (NASDAQ:OMIC) shares surged after receiving a non-binding acquisition proposal from Deerfield, offering $10 per share for outstanding shares. The proposal is under evaluation by Singular Genomics' Special Committee.

Portfolio Pulse from Dylan Berman

September 13, 2024 | 3:21 pm

AMT

ASTS

GV

MSTR

SNAP

Benzinga's Stock Whisper Index highlights five stocks with increased investor interest: AST SpaceMobile, Snap Inc, MicroStrategy, American Tower Corporation, and Visionary Holdings. AST SpaceMobile launched satellites, Snap faces a lawsuit, MicroStrategy increased Bitcoin holdings, American Tower sold its India business, and Visionary Holdings received investment from Saudi Arabia's PIF.

Portfolio Pulse from Chris Katje

September 13, 2024 | 2:53 pm