Streetbeat News

Acquisitions Mergers

AAPL

Apple has announced the acquisition of Pixelmator Team, known for their Pixelmator and Photomator apps. No immediate changes are planned, but updates are expected after regulatory approval.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:41 pm

CRM

Marc Benioff is in early talks to sell Time to Antenna Group. The discussions are preliminary, and no deal is assured. Benioff acquired Time for $190 million in 2018, and current talks suggest a price of $150 million. This comes amid challenges for legacy media companies.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 3:12 pm

ASML

TSM

Taiwan Semiconductor Manufacturing Co (TSM) is set to acquire high-precision equipment from ASML Holding NV (ASML) by year-end, enhancing its chipmaking capabilities. ASML will supply high NA EUV lithography machines, each valued at $350 million. Analyst Ming-Chi Kuo predicts a potential pricing standoff between the two companies. ASML faces geopolitical tensions as the U.S. pressures it to limit technology sales to China. ASML's 2025 sales forecast has been adjusted due to weaker demand.

Portfolio Pulse from Anusuya Lahiri

November 01, 2024 | 2:58 pm

AAPL

GSAT

Globalstar has amended its services agreement with Apple to launch an extended MSS network, involving new satellites and infrastructure. Apple will provide a $1.1 billion infrastructure prepayment and purchase a 20% stake in Globalstar for $400 million. The agreement includes equity repurchase provisions, performance-based service fees, and revised debt repayment terms.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:37 pm

NRIM

Northrim BanCorp has acquired Sallyport Commercial Finance in an all-cash transaction valued at $53.9 million. This acquisition is expected to enhance Northrim's financial services offerings.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:17 pm

AON

Aon plc has announced its acquisition of UK-based insurance broker Griffiths & Armour. The acquisition aligns with Aon's strategy to expand in the UK and Ireland, enhancing its service offerings and growth potential.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:17 pm

AMZN

ARM

GOOGL

MSFT

NVDA

Nvidia's acquisition of Run:ai is under scrutiny by the European Commission due to competition concerns in the AI and data center markets. The acquisition, valued at $600-$700 million, could impact competition in the European Economic Area. Nvidia's dominance in AI chips is also being investigated by U.S. antitrust authorities.

Portfolio Pulse from Anusuya Lahiri

November 01, 2024 | 1:06 pm

FORA

Forian Inc. (NASDAQ:FORA) has acquired Kyber Data Science LLC to enhance its data analytics capabilities, particularly in healthcare and financial services. This acquisition strengthens Forian's position in the healthcare information market and expands its reach into financial services.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:05 pm

MIDD

Middleby Corporation has acquired JC Ford, a leader in tortilla production systems with $70M in annual revenues. The acquisition aims to capitalize on the growing demand for tortilla products. Financial terms were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:05 pm

CELH

Celsius Holdings, Inc. has acquired Big Beverages Contract Manufacturing for $75 million, enhancing its production capabilities and supply chain control. The acquisition was completed using cash on hand and includes a modern manufacturing facility dedicated to Celsius products.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:03 pm