Streetbeat News

Acquisitions Mergers

AMZN

Jeff Bezos is reportedly a finalist in the bidding to buy the Boston Celtics, contradicting earlier reports that he had no plans to purchase the team. The bidding is down to Bezos, Fenway Sports Group, and Wynn Resorts. Bezos has previously shown interest in other sports teams.

Portfolio Pulse from Michael Juliano

September 07, 2024 | 4:03 pm

HBAN

Huntington Bancshares has expanded its commercial banking operations by adding a corporate mortgage finance business. This move is expected to enhance their service offerings and potentially increase their market share in the commercial banking sector.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:20 pm

TPG

TPG is reportedly in discussions to acquire a stake in the resale platform Vinted. This move could potentially expand TPG's investment portfolio in the e-commerce sector.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 8:00 pm

SQSP

Proxy advisory firm ISS has recommended that Squarespace investors vote against the proposed take-private transaction by Permira. This recommendation could influence investor decisions and impact the stock price of Squarespace.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 6:51 pm

ORCL

PARA

PARAA

Larry Ellison will gain a controlling interest in Paramount Global through a merger with Skydance Media, expected to finalize in 2025. Ellison will own 77.5% of National Amusements, which controls Paramount, while RedBird Capital Partners will own the remaining 22.5%. The merger aims to improve Paramount's balance sheet and deliver public interest benefits.

Portfolio Pulse from Chris Katje

September 06, 2024 | 6:06 pm

SRM

SRM Entertainment is set to acquire assets related to the movie 'The Kid' from Suretone Entertainment for $3 million.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:47 pm

FYBR

VZ

The article discusses the potential for a topping bid for Frontier Communications, indicating that Verizon's current deal is not guaranteed. This opens the possibility for other bidders to enter the fray.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:51 pm

ACON

Aclarion, Inc. (NASDAQ:ACON) has been added to the PRISM Emerging Medical Devices Index, highlighting its innovative AI-driven solutions for chronic low back pain. The company secured its first commercial agreement with Sheridan Community Hospital, marking a significant milestone in its market presence.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:29 pm

SRCL

WM

Stericycle announced that its merger with Waste Management has received UK Foreign Direct Investment approval. The merger is expected to close as early as Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:25 pm

MCRB

Traders are circulating unconfirmed blog comments suggesting that Nestle has offered to acquire Seres Therapeutics for $750 million, or $6-$6.50 per share. This potential acquisition could impact Seres Therapeutics' stock price.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:43 pm