Streetbeat News

Acquisitions Mergers

GETY

Getty Images (NYSE:GETY), a leading global visual content creator and marketplace, has acquired Motorsport Images, a specialist motorsport archive. The acquisition includes Motorsport Images' operative arm LAT Images and its Sutton, Schlegelmilch, Colombo, and Dukes Video archives. The terms of the acquisition were not disclosed.

Portfolio Pulse from Charles Gross

April 02, 2024 | 10:05 am

CALM

CURV

DOMA

PAYX

PLAY

U.S. stocks closed mostly lower with the Dow Jones falling over 200 points despite an improvement in the CNN Money Fear and Greed index, which remained in the 'Greed' zone. Inflation rates and personal spending rose, while U.S. construction spending fell. Torrid Holdings and Doma Holdings saw significant movements with Doma entering a merger to go private. Most S&P 500 sectors closed lower except for communication services and energy. Investors await earnings from Cal-Maine Foods, Dave & Buster's, and Paychex.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 8:19 am

ANGH

Anghami and OSN+ have successfully closed a milestone transaction, with OSN Group acquiring a majority stake in Anghami at a valuation of $3.69 per share. The deal has received all necessary regulatory approvals.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:14 am

ACKAF

WHR

Whirlpool Corporation has completed a strategic transaction with Arçelik A.Ş, creating Beko Europe B.V., a new European appliance company. Whirlpool now owns 25% of Beko Europe, while Arçelik holds 75%. Whirlpool retains ownership of InSinkErator and its EMEA KitchenAid businesses. Additionally, Whirlpool finalized the sale of its Middle East and North Africa business to Arçelik.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:11 am

UBS

UBS Group AG (NYSE:UBS) has announced a new $2 billion share buyback program set to start in 2024, aiming to enhance investor returns amid its acquisition of Credit Suisse. This initiative follows a $1 billion buyback after a strong Q4 performance and is part of UBS's strategy to reassure investors and demonstrate confidence in its financial position and future post-acquisition.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 7:11 am

SNDL

SNDL and Nova Cannabis have announced the assignment of Dutch Love stores to Nova Cannabis and the extension of their credit facility. This strategic move aims to strengthen their market position and financial flexibility.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:03 am

GEHC

GE HealthCare has acquired MIM Software to enhance precision care through AI-enabled imaging analytics. This acquisition adds to GE HealthCare's portfolio AI-enabled image analysis and workflow tools across various care areas such as oncology, urology, neurology, and cardiology, aiming to provide clinicians and healthcare systems with more integrated and automated solutions.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:45 am

AAPL

Charlie Deets, a lead designer for Apple Inc.'s Safari browser, has left the company to join The Browser Company, known for the Arc web browser. Deets, who contributed to Safari's design for five years, is expected to enhance The Browser Company's innovative efforts in the browser market. This move comes as The Browser Company, which recently raised $50 million at a $550 million valuation, plans to expand its Arc browser across multiple platforms.

Portfolio Pulse from Ananya Gairola

April 02, 2024 | 6:32 am

IPSEY

STRO

Ipsen and Sutro Biopharma have entered into an exclusive global licensing agreement for STRO-003, an antibody-drug conjugate targeting solid tumors. Ipsen will have global rights for the development and commercialization of STRO-003, which is in the final stages of pre-clinical development and targets ROR1. STRO-003 has demonstrated strong efficacy and a potential for a differentiated safety profile in preclinical studies.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 5:49 am

ARKK

COIN

HOOD

NVDA

TSLA

Cathie Wood's Ark Invest purchased nearly $15M worth of Tesla (TSLA) shares, despite a potential Q1 delivery miss causing a temporary drop in Tesla's stock price. Ark also continued selling shares of Nvidia (NVDA), Coinbase (COIN), and Robinhood (HOOD), with Coinbase remaining ARKK's top holding. Tesla's Q1 deliveries are anticipated to be lower than previous quarters, but Ark remains bullish on Tesla, expecting it to reach $2,000 by 2027.

Portfolio Pulse from Shanthi Rexaline

April 02, 2024 | 2:53 am