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AMZN

DIS

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Amazon.com Inc (NASDAQ:AMZN) has agreed to purchase certain assets of Indian video streaming service MX Player from Times Internet for under $100 million. This acquisition aims to enhance Amazon's presence in smaller Indian cities and towns. The deal concludes nearly two years of discussions and is part of Amazon's strategy to expand its video streaming offerings in India. MX Player holds a 15% market share in India's video streaming market, which is dominated by Reliance and Walt Disney Company (NYSE:DIS).

Portfolio Pulse from Shivani Kumaresan

June 06, 2024 | 12:17 pm

VNDA

Vanda Pharmaceuticals shares are trading higher after Cycle Pharmaceuticals confirmed a proposal to buy the company.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:16 pm

VNDA

Vanda Pharmaceuticals shares are trading lower after Cycle Pharmaceuticals confirmed a proposal to buy the company.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:14 pm

CORZ

Core Scientific has rejected a $5.75 per share acquisition proposal from CoreWeave, stating that the offer undervalues the company.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:11 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) has entered into a share purchase agreement to acquire Desiweminer for 20 million Class A ordinary shares. The shares will vest over five to seven years, with transfer restrictions for certain sellers.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:09 pm

VNDA

Cycle Pharmaceuticals has proposed to acquire 100% of Vanda Pharmaceuticals' shares for $8 per share, totaling $466 million in cash.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 12:08 pm

FSV

Firstservice's subsidiary, Roofing Corp Of America, has acquired Crowther Roofing And Cooling and Hamilton Roofing. The acquisitions will add more than $150M in annual revenues. Existing management teams will retain minority equity interests and continue operations.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:54 am

VSH

Vishay Intertechnology has acquired Ametherm, a leader in inrush current limiters and sensing thermistors, for approximately $31.5 million in cash. This acquisition is expected to expand Vishay's resistor product portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:40 am

ALOT

AstroNova has reiterated its fiscal 2025 outlook, expecting mid-single digit organic revenue growth and adjusted EBITDA margins of 13% to 14%. The company has strengthened its position in the color digital printing market through the acquisition of MTEX NS and showcased its expanded product range at drupa 2024. AstroNova is also making progress in its T&M segment with key defense programs and the ToughWriter transition.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:35 am

BTG

B2Gold has agreed to sell its portfolio of 10 precious and base metals royalties to Sandbox Royalties Corp. In return, B2Gold will receive a $90 million equity interest in Sandbox, which will be renamed Versamet Royalties.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2024 | 11:27 am