Streetbeat News

Acquisitions Mergers

BLK

GOOG

GOOGL

Google, a subsidiary of Alphabet Inc., has acquired a stake in Taiwan-based solar power company New Green Power, owned by BlackRock. This move is part of Google's strategy to reduce carbon emissions and support renewable energy development in Taiwan. The investment includes the right to purchase up to 300 megawatts of renewable energy and aims to drive the financing for New Green Power's 1 gigawatt pipeline.

Portfolio Pulse from Benzinga Neuro

July 01, 2024 | 3:59 am

NVDA

Lambda Labs, a Silicon Valley startup, is in talks to raise $800 million to expand its AI infrastructure and meet the growing demand for GPUs and cloud services. The company recently secured a $500 million loan using Nvidia chips as collateral. The funding will be used to acquire more Nvidia GPUs and hire additional staff. This move highlights the increasing demand for Nvidia's GPUs, driven by the AI computing boom.

Portfolio Pulse from Benzinga Neuro

July 01, 2024 | 2:14 am

BA

SPR

Reuters reported that Boeing has agreed to acquire Spirit AeroSystems for $37.25 per share in an all-stock deal.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2024 | 9:43 pm

MCAA

Mountain & Co. I Acquisition Corp. has terminated its business combination agreement with FC Barcelona and will now pursue alternative business combination opportunities.

Portfolio Pulse from Bill Haddad

June 28, 2024 | 8:31 pm

ABVE

BITE

Above Food Corp. and Bite Acquisition Corp. have completed their business combination. Above Food's common shares and warrants will begin trading on Nasdaq under the ticker symbols 'ABVE' and 'ABVE.W' on July 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 8:10 pm

LL

Thomas D. Sullivan, representing F9 Investments, has expressed interest in a potential transaction involving LL Flooring's Sandston Distribution Center.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 7:44 pm

INFN

NOK

Infinera (NASDAQ:INFN) shares surged following Nokia's (NYSE:NOK) announcement to acquire the company for $6.65 per share, a 28% premium. The acquisition aims to strengthen Nokia's optical networking market position and is expected to boost its operating profit and EPS from year one.

Portfolio Pulse from Dylan Berman

June 28, 2024 | 4:14 pm

CSCO

HPE

JNPR

The European Commission will decide by August 1 on Hewlett Packard Enterprise's (HPE) $14 billion acquisition of Juniper Networks (JNPR). The deal aims to enhance HPE's AI offerings and expand its networking business. The UK competition authority is also reviewing the deal, with a decision expected by August 14. The acquisition is an all-cash transaction at $40.00 per share, a 32% premium over JNPR's stock price on January 8, 2024. Post-transaction, Juniper CEO Rami Rahim will lead the combined HPE networking business.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2024 | 2:15 pm

SFTBY

TEM

SoftBank Group Corp. (OTC:SFTBY) plans to raise $1.86 billion through bond issuance to repay debt and invest in AI. The funds will be raised via U.S. dollar and euro-denominated bonds. This move aligns with SoftBank's strategic focus on AI, including a planned investment in Perplexity AI and a joint AI-powered medical service with Tempus AI Inc. (NASDAQ:TEM).

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 2:05 pm

AOGO

AYURF

Ayurcann Holdings Corp. and Arogo Capital Acquisition Corporation have entered into a definitive business combination agreement, resulting in a combined entity valued at $210 million. The merger is expected to close in the second half of 2024, subject to regulatory and shareholder approvals.

Portfolio Pulse from Nina Zdinjak

June 28, 2024 | 1:57 pm