Streetbeat News

Acquisitions Mergers

BURU

NUBURU, Inc. (NYSE:BURU) announced a $3 million investment from strategic investors and initial orders from new customers in new markets. The investment, led by fintech leader Alessandro Zamboni, aims to accelerate NUBURU's growth and revenue generation. The company received an order to supply BL-300s for EV battery module production, highlighting its expansion into the sustainable energy market. NUBURU plans to call a special stockholders meeting to approve additional common stock issuance for strategic acquisitions.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 2:22 pm

GOOG

GOOGL

HUBS

HubSpot Inc (NYSE:HUBS) shares surged after reports that Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) is considering an acquisition offer. The news follows HubSpot's reported revenue increase and its anticipation of higher revenues in 2024. HubSpot's stock was briefly halted due to volatility but continued to rise after trading resumed.

Portfolio Pulse from Adam Eckert

April 04, 2024 | 2:09 pm

ALUR

EFTR

KWE

KYCH

TCBP

TVGN

U.S. stocks traded higher with the Dow Jones gaining over 100 points. Real estate shares led gains, while U.S. jobless claims rose to 221,000. TCBP surged 118% after announcing a letter of intent for an acquisition. ALUR jumped 61% following the commercial availability of its Virtual Care Suite and a positive analyst rating. TVGN gained 55% after a new executive appointment. EFTR, KYCH, and KWE saw significant drops due to various company-specific news.

Portfolio Pulse from Avi Kapoor

April 04, 2024 | 2:02 pm

PARA

Paramount Global's stock price is declining after reports emerged that the Ellison-led bid for the company would necessitate raising new equity. This development could potentially dilute existing shareholders' equity and is likely causing concern among investors.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:51 pm

GOOGL

HUBS

Hubspot shares have seen an increase following rumors that Alphabet is considering a potential acquisition of the company. This development suggests Alphabet is actively seeking advice on this potential deal.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:47 pm

NEM

Deep-pocketed investors have shown unusual options activity in Newmont (NYSE:NEM), with a bearish sentiment prevailing despite some bullish positions. The activity involves significant trades in both calls and puts, aiming for a price range of $30.0 to $42.5 over the next three months. Newmont, the world's largest gold miner, has recently acquired Newcrest and is expected to sell some higher cost mines. The stock is slightly up with a potential overbought RSI, and earnings are anticipated in 21 days.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 1:47 pm

CRRFY

PEP

Carrefour SA (OTC:CRRFY) and PepsiCo Inc (NASDAQ:PEP) have resolved their three-month dispute over grocery prices, leading to the restocking of PepsiCo products, including Cheetos, in Carrefour stores in France. Negotiations for returns in four other countries are ongoing. The disagreement began in early January when Carrefour stopped carrying PepsiCo products due to unacceptable price increases. This dispute affected about 10,000 Carrefour stores across Europe, with these stores accounting for approximately 0.27% of PepsiCo's global revenue.

Portfolio Pulse from Shivani Kumaresan

April 04, 2024 | 1:39 pm

GOOG

GOOGL

HUBS

Alphabet is reportedly consulting with advisers regarding a possible acquisition offer for Hubspot, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:39 pm

KSCP

Knightscope, Inc. (NASDAQ:KSCP), a leader in robotics and AI technologies for public safety, celebrates its 11th anniversary by securing 18 new contracts and 5 renewal agreements valued at over $1 million. These contracts, spanning across various fast-growing markets like transportation, healthcare, education, and local government, underscore Knightscope's continued growth and expansion across the United States, including multiple states and Puerto Rico.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:36 pm

GROM

Grom Social Enterprises, Inc. (NASDAQ:GROM) and Arctic7 are forming a synergy council to explore gaming production and ancillary revenue growth opportunities following GROM's LOI to acquire Arctic7. This collaboration aims to leverage Arctic7's expertise in game development with GROM's family-friendly entertainment offerings. Arctic7, having achieved significant growth and attended the successful GDC 2024 conference, anticipates reaching $14 million in revenue in FY24. The partnership seeks to expand GROM's properties into games and create original content.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 1:33 pm