Streetbeat News

Acquisitions Mergers

WBD

Warner Bros. Games, a division of Warner Bros. Discovery Inc. (NASDAQ: WBD), has acquired Player First Games, the developer behind the popular game MultiVersus. The acquisition aims to enhance the game's development and player experience. The announcement coincides with the launch of MultiVersus Season 2, which includes new features and characters.

Portfolio Pulse from Franca Quarneti

July 23, 2024 | 8:48 pm

RIOT

Riot Platforms, Inc. (NASDAQ:RIOT) has acquired Block Mining, Inc. for $92.5 million, adding 60 MW of operational capacity with potential expansion to 110 MW this year and over 300 MW in Kentucky. The acquisition immediately increases Riot's hash rate and expands its geographic footprint.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:46 pm

NIVF

NewGenlvf Group shares are trading higher following the announcement of steady progress in its due diligence efforts for a proposed reverse merger with COVIRIX Medical, expected to be completed by the end of August 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:39 pm

NIVF

NewGenIvf Group has provided an update on its proposed reverse merger with COVIRIX Medical. The due diligence process is progressing, and the merger is anticipated to be completed by the end of August 2024. Additionally, COVIRIX has engaged a U.S. university for an antiviral drug study and holds 80,000 Zucoins in its treasury.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:32 pm

MTDR

Matador Resources has raised its full-year 2024 production guidance for total oil and natural gas equivalent production by 3.2%. The new guidance does not include expected production from the anticipated acquisition of a subsidiary of Ameredev II Parent, LLC, which is expected to close late in the third quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:17 pm

KKR

KKR and Penn Mutual have announced a definitive agreement for KKR-managed funds to acquire Janney Montgomery Scott LLC. The terms of the deal have not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:17 pm

FLS

Flowserve Corporation (NYSE:FLS) has acquired LNG pumping technology from NexGen Cryo. The purchase price and associated expenses are expected to reduce Flowserve's adjusted EPS by $0.05 in Q3 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 8:13 pm

CRWD

GOOG

GOOGL

The recent crash of CrowdStrike's stock was a significant factor in the failure of acquisition talks between Google and Wiz, according to sources cited by Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 7:19 pm

BDX

EMBC

NVO

Embecta Corp (NASDAQ:EMBC), a manufacturer of insulin devices, is considering a potential sale after a 70% share decline since its spin-off from Becton Dickinson (NYSE:BDX). The decline is attributed to the impact of GLP-1 drugs like Novo Nordisk's (NYSE:NVO) Ozempic, reducing demand for traditional insulin treatments. Embecta has engaged Centerview Partners to explore a sale. Despite challenges, CEO Devdatt Kurdikar remains optimistic about future growth opportunities.

Portfolio Pulse from Vandana Singh

July 23, 2024 | 7:05 pm

CLF

SLX

XME

Cleveland-Cliffs Inc. (NYSE:CLF) shares are trading higher after reporting Q2 financial results. Despite missing revenue estimates, the company beat earnings expectations and lowered its full-year 2024 capital expenditures. Additionally, Cleveland-Cliffs announced an acquisition of Stelco Holdings Inc. (OTC:STZHF), expected to boost EPS for 2024 and 2025. Investors can gain exposure via SPDR S&P Metals & Mining ETF (NYSE:XME) and VanEck Steel ETF (NYSE:SLX).

Portfolio Pulse from Lekha Gupta

July 23, 2024 | 6:47 pm