Streetbeat News

Acquisitions Mergers

DJT

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower in the premarket session, despite a 94% gain over the past six months. The company plans to combat short sellers, explore streaming developments, and potential mergers and acquisitions. It aims to become a comprehensive platform for news and opinions ahead of the 2024 presidential election.

Portfolio Pulse from Nabaparna Bhattacharya

June 18, 2024 | 1:17 pm

SINT

SINTX Technologies' Board of Directors has initiated a process to explore strategic options for the company, which could include potential mergers, acquisitions, or other business combinations.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:05 pm

CBRE

CBRE Group has acquired Direct Line Global from Guardian Capital. The acquisition is expected to be immediately accretive to CBRE's core earnings-per-share.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:04 pm

ZUO

Zuora, Inc. (NYSE:ZUO) announced its acquisition of Sub(x), an AI solution for digital publishing and media companies. This acquisition aims to enhance Zuora's paywall offering with AI capabilities to improve subscriber acquisition and retention. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:03 pm

CLSK

CleanSpark has acquired five turnkey Bitcoin mining facilities in Georgia for $25.8 million. This acquisition is expected to increase their operating hashrate to over 20 EH/s by the end of the month. The facilities will also provide load balancing for local electric municipal cooperatives.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 1:02 pm

FOXO

FOXO Technologies Inc. (NYSE:FOXO) has secured up to $2.8 million in Senior Notes from an institutional investor to fund its acquisition of Myrtle Recovery Centers, Inc. and provide additional working capital.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:34 pm

RELI

Reliance Global Group has announced its pending acquisition of Spetner Associates, which is expected to close in the second half of 2024. The acquisition is projected to double Reliance Global Group's annual revenue to $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:34 pm

JCI

Truelink Capital has entered a definitive agreement to acquire Air Distribution Technologies from Johnson Controls. The transaction is expected to close in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:32 pm

LRHC

La Rosa Holdings has entered a non-binding letter of intent to acquire a controlling interest in Red Door Title. The transaction is expected to be finalized by the end of July, aiming to enhance La Rosa's real estate services with title insurance capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:31 pm

WK

Workiva has acquired Sustain.Life for $100 million, making it a wholly owned subsidiary. Equity awards have been adjusted and an escrow agreement has been established.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 12:25 pm