Streetbeat News

Acquisitions Mergers

SCSC

ScanSource, Inc. (NASDAQ:SCSC) has acquired Resourcive, a technology advisor specializing in IT sourcing solutions. The acquisition aims to create a new Channel Advisory business, separate from ScanSource's existing Intelisys business. No financial terms were disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:44 pm

FIVN

Five9 (NASDAQ:FIVN) announced its acquisition of Acqueon, a real-time revenue execution platform, to enhance its Intelligent CX Platform. The deal is expected to close in the second half of 2024. This strategic move aims to improve AI-driven, omnichannel customer engagement, helping businesses maximize revenue and deliver better customer experiences.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:40 pm

EXAI

RXRX

Exscientia plc (NASDAQ:EXAI) will merge with Recursion Pharmaceuticals Inc. (NASDAQ:RXRX), with Exscientia shareholders receiving 0.7729 Recursion shares for each Exscientia share. The combined entity will be named Recursion, headquartered in Salt Lake City, and will trade on NASDAQ. The merger aims to enhance drug discovery capabilities and expects significant synergies and clinical trial readouts in the next 18 months.

Portfolio Pulse from Vandana Singh

August 08, 2024 | 9:37 pm

HZO

Marinemax has entered an asset exchange agreement with Mastercraft. Cruisers Yachts, a subsidiary of Marinemax, will assume the Aviara brand of luxury dayboats. Marinemax will receive assets including molds, tooling, and inventory, and will administer manufacturer warranties and market the brand. The agreement excludes Aviara production facilities and personnel.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:26 pm

JBT

JBT Corporation shareholders have approved the issuance of shares for the pending combination with Marel HF, following a vote held at a special meeting.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:23 pm

CPRI

Capri Holdings announced that it will not provide financial guidance or host a conference call due to its pending merger with Tapestry.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:44 pm

SOUN

SoundHound has raised its FY24 revenue guidance to exceed $80 million and its FY25 revenue guidance to exceed $150 million, following the incorporation of the Amelia acquisition.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:22 pm

SGAMY

Sega Sammy Holdings Inc (OTC:SGAMY) reported mixed Q1 2024 results with strong video game sales but an overall revenue decline. The Entertainment Contents division saw a 34% increase in net sales, driven by full-game sales and back catalogue titles. However, the pachislot and pachinko segment struggled, with a 43% drop in net sales. Sega's acquisition of Rovio and upcoming game releases are expected to bolster future performance.

Portfolio Pulse from Franca Quarneti

August 08, 2024 | 6:42 pm

SOUN

SoundHound AI shares are trading higher following the company's announcement of its acquisition of Amelia AI.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 5:45 pm

SOUN

SoundHound AI, Inc. (NASDAQ:SOUN) shares are trading higher as the company is set to release its second-quarter earnings and has announced the acquisition of Amelia, an enterprise AI software company. The acquisition aims to enhance SoundHound's customer service offerings and expand into healthcare, financial services, and retail. Analysts expect the company to report losses of 9 cents per share and quarterly revenue of $13.083 million. Shares are up 17.8% at $5.06.

Portfolio Pulse from Erica Kollmann

August 08, 2024 | 5:43 pm