Streetbeat News

Acquisitions Mergers

SOUN

SoundHound AI has acquired Amelia, enhancing its position as a leading provider of voice and conversational AI across various industries such as retail, financial services, healthcare, and automotive. The acquisition also brings new customer service contracts from multinational clients.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 1:01 pm

MRCC

SOUN

SoundHound AI (NASDAQ:SOUN) has acquired Amelia, an enterprise AI software company, for $80 million. This acquisition expands SoundHound's reach into new verticals such as healthcare, financial services, and retail, and brings new partnerships and cross-selling opportunities. Amelia, backed by BuildGroup and Monroe Capital (NASDAQ:MRCC), will now enter the publicly accessible market. The combined company is expected to generate $150 million in revenue by 2025.

Portfolio Pulse from Stjepan Kalinic

August 08, 2024 | 1:00 pm

HLI

Houlihan Lokey (HLI) is set to acquire Waller Helms Advisors, which will double the size of its Financial Services Group and enhance its coverage in the insurance and wealth management sectors. The deal is expected to close by December 31, 2024, with terms not disclosed.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:37 pm

AXP

MRMD

MariMed reported a 10.7% QoQ revenue growth for Q2 2024, reaching $40.4 million. The company also appointed Mario Pinho as the new CFO and closed the acquisition of Allgreens Dispensary in Illinois. Despite a net loss of $1.64 million, MariMed remains confident in achieving its 2024 financial targets.

Portfolio Pulse from Nina Zdinjak

August 08, 2024 | 12:07 pm

ICON

Icon Energy has announced the acquisition of a Kamsarmax dry bulk carrier for $17.57 million. The purchase will be financed through cash on hand and a new senior secured facility.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 12:00 pm

HHH

Howard Hughes Corporation (HHH) has acknowledged Pershing Square Capital Management's regulatory filing and has formed a special committee to review any proposals. Pershing Square, HHH's largest stockholder with 37.5% ownership, is evaluating various potential alternatives, including a possible transaction.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:43 am

KKR

KKR plans to acquire FUJI SOFT at ¥8,800 per share, representing a 110.3% premium over the average closing price for the past 12 months. The acquisition aims to expand IT and OT services and is expected to commence in the second half of 2024, pending regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 8:39 am

AMD

AMZN

HOOD

RDDT

Cathie Wood's Ark Invest made significant trades in Amazon, Robinhood, Reddit, and AMD. Amazon showed strong AWS growth but weak retail revenues. Robinhood surpassed Q2 revenue estimates with a 40% YoY increase. Reddit impressed with 91 million DAUs but faced potential volatility. AMD exceeded earnings expectations.

Portfolio Pulse from Benzinga Neuro

August 08, 2024 | 3:17 am

AFYA

Afya Limited (NASDAQ:AFYA) has secured a loan of up to R$500 million from the International Finance Corporation (IFC) to support its expansion program through acquisitions.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 9:48 pm

JOBY

Joby Aviation, Inc. (NYSE:JOBY) shares rose after the company reported its Q2 financial results. The company met analyst expectations with a GAAP loss of 18 cents per share and reported a net loss of $123.3 million. Joby highlighted progress in aircraft certification and flew a hydrogen-electric air taxi demonstrator 561 miles. The company also acquired the autonomy division of Xwing.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 9:44 pm