Streetbeat News

Acquisitions Mergers

QCOM

SQNS

Sequans has agreed to sell its 4G IoT technology to Qualcomm for $200 million. The deal includes $185 million in cash, with $175 million payable at closing and an additional $10 million after a one-year warranty period. Sequans retains a license for ongoing use and development.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:08 am

QCOM

SQNS

Qualcomm has strengthened its industrial IoT portfolio by acquiring Sequans' 4G IoT technology. Sequans retains full ownership of its 5G technology.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:05 am

QCOM

SQNS

Qualcomm has entered a definitive agreement to acquire Sequans' 4G IoT technologies, including certain employees, assets, and licenses. The deal is subject to French regulatory approval. Sequans retains rights to use the technology commercially.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 10:03 am

VLVLY

Volvo Group is investing $700 million in a new heavy-duty truck plant in Monterrey, Mexico, to support growth in the U.S., Canadian, and Latin American markets. The plant will be operational by 2026.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2024 | 6:30 am

VEXTF

VRNOF

Arizona's cannabis market is experiencing a decline in sales despite strong asset valuations. Sales have dropped significantly from their peak in March 2023, with both adult-use and medical marijuana sectors affected. Increased competition and falling prices due to market saturation are contributing factors. Vext Science Inc. reported a steep decline in dispensary net sales, while Verano Holdings Corp. acquired three Arizona subsidiaries, indicating continued interest in the market.

Portfolio Pulse from Juan Spínelli

August 23, 2024 | 2:56 am

BABA

JD

TCEHY

WMT

Alibaba Group Holding Ltd. (NYSE:BABA) is changing its listing status in Hong Kong to allow mainland Chinese investors to trade its shares through the Stock Connect program. This move is expected to increase liquidity and trading volume for Alibaba's shares. The decision comes amid a challenging environment for Chinese tech companies, with Alibaba's recent earnings showing mixed results. Alibaba's ADR in the U.S. saw a slight decline, while its Hong Kong shares have risen this year.

Portfolio Pulse from Benzinga Neuro

August 23, 2024 | 2:53 am

VSAC

Vision Sensing Acquisition Corp (VSAC) has terminated its merger agreement with Mediforum and entered a non-binding letter of intent for a business combination with Convergence CT, a company specializing in smart hospital information systems.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 8:37 pm

ABVE

Above Food Ingredients' stock is trading lower following the announcement of its acquisition of TRG's specialty crop food ingredient division.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 7:52 pm

AMZN

DIS

NFLX

SONY

The $8.5 billion merger between Walt Disney Co. and India's Reliance Industries media assets faces antitrust concerns from the Indian regulator over cricket broadcasting rights. The companies are exploring remedies but are reluctant to part with these rights, which are crucial for the merger's success.

Portfolio Pulse from Vandana Singh

August 22, 2024 | 6:16 pm

EVH

Evolent Health shares have risen due to reports that the company is exploring a potential sale.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 5:23 pm