Streetbeat News

Acquisitions Mergers

NIXX

Nixxy shares are trading higher following updates on its business strategy, including acquisitions in traditional markets and improvements in operations through technology and data analytics.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:38 pm

NIXX

PIXY

TSM

On October 17th, Nixxy announced a strategy to acquire businesses in traditional markets, ShiftPixy acquired TurboScale in a $150M deal, and Taiwan Semiconductor shares rose due to a Q3 earnings beat and strong Q4 guidance.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

EXPE

Expedia shares have risen due to a report indicating that Uber considered a takeover bid for the company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

ZUO

Zuora, Inc. (NYSE:ZUO) has entered into a definitive agreement to be acquired by Silver Lake and GIC for $1.7 billion. Zuora stockholders will receive $10.00 per share in cash, representing an 18% premium to the company's unaffected closing stock price. The transaction will result in Zuora becoming a privately held company.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:36 pm

EXPE

UBER

Uber has reportedly explored a takeover bid for Expedia, according to the Financial Times. This potential acquisition could have significant implications for both companies in terms of market expansion and strategic alignment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:13 pm

PIXY

ShiftPixy shares rose following the announcement of its acquisition of TurboScale.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:07 pm

PIXY

ShiftPixy has announced a $150 million acquisition of TurboScale, which includes $75 million in stock and $75 million in debt. This acquisition aims to enhance ShiftPixy's AI capabilities and optimize staffing solutions using TurboScale's advanced GPU cloud infrastructure and AI model deployment.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm

PIXY

ShiftPixy has acquired TurboScale in a $150 million deal, which is structured with $75 million in stock and $75 million in debt.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm

GAME

GameSquare Holdings, Inc. (NASDAQ:GAME) announced preliminary Q3 2024 revenue of $26.5M and increased its 2024 annual proforma revenue guidance to $105M-$110M. The company reported a significant improvement in adjusted EBITDA loss and expects further profitability improvements due to strategic initiatives and cost savings from the FaZe Clan acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:06 pm

PRPH

ProPhase Labs has announced strategic updates, projecting Pharmaloz Manufacturing's 2025 revenue at $16-17M and pre-tax earnings at $6-7M. The company targets a sale of PMI in early 2025 valued over $40M and is in talks for a strategic partnership for its BE-Smart Esophageal Cancer Test, with potential upfront payments of $30-50M.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 12:03 pm