Streetbeat News

Acquisitions Mergers

MSFT

Microsoft reported strong Q1 earnings, beating revenue and EPS estimates. The company's revenue grew 16% year-over-year, driven by AI-driven transformation across its segments. Key growth areas include Intelligent Cloud and Xbox content, boosted by the Activision acquisition.

Portfolio Pulse from Chris Katje

October 30, 2024 | 8:21 pm

RYAN

Ryan Specialty is in final discussions to acquire Innovisk Capital Partners, which will become part of Ryan Specialty Underwriting Managers. The acquisition is expected to close early next month.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:08 pm

ABBV

AMGN

BIIB

BMY

CATX

INCY

KYMR

LLY

NVS

REGN

YMAB

Novartis AG reported strong Q3 sales and raised its 2024 guidance, indicating growth in various treatment areas. The company faces an impairment charge due to a delayed filing but sees opportunities in radioligand therapy and other markets. The news also mentions potential impacts on other pharmaceutical companies.

Portfolio Pulse from Vandana Singh

October 30, 2024 | 7:12 pm

BNAI

Brand Engagement Network's shares are declining following the announcement of a $19.5 million acquisition, which will be financed through a combination of cash and stock.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:46 pm

TTWO

Take-Two Interactive is reportedly in discussions to sell its Chartboost adtech division, which it acquired through the Zynga acquisition in 2022.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 6:43 pm

BMY

GILD

LYEL

NVS

Lyell Immunopharma (NASDAQ:LYEL) has been downgraded by BofA Securities from Buy to Underperform, with a price target reduced from $6 to $1. This follows Lyell's acquisition of ImmPACT Bio and the discontinuation of several programs to focus on its CAR T-cell clinical programs. The acquisition introduces complexities and potential distractions, with competition from established players like Gilead Sciences, Bristol Myers Squibb, and Novartis.

Portfolio Pulse from Vandana Singh

October 30, 2024 | 6:31 pm

BLK

BlackRock Inc. is in advanced talks to acquire HPS Investment Partners, aiming to strengthen its position in the private credit industry.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 5:49 pm

DATS

DatChat's subsidiary, Dragon Interact, has acquired RPM Interactive in a deal involving 3.5 million shares, gaining full ownership. The company plans to rebrand as RPM Interactive with a new AI-focused strategy. Michael Mathews, an industry veteran, has been appointed as Chairman.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:47 pm

JFBR

Jeffs' Brands shares rise following the announcement of a non-binding letter of intent to sell a subsidiary valued at approximately $13.5 million.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:10 pm

DATS

DatChat's stock is trading lower following the announcement that its subsidiary acquired RPM Interactive using 3.5 million units of stock.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 3:09 pm