Streetbeat News

Partnerships

KLIC

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) has announced a collaboration with Taiwan Surface Mounting Technology Corp (TSMT) to advance mini LED backlight and direct emissive displays for high-volume adoption. The collaboration aims to overcome process challenges and accelerate the mass adoption of advanced display technology. The company's advanced display solutions, PIXALUX™ and LUMINEX™, support demanding market requirements with high throughput and high-accuracy placement capabilities.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 10:05 pm

LPTV

MSFT

Loop Media has announced a strategic alignment with Microsoft Advertising, creating a new advertising inventory category for SSP Partnership: CTV Out of Home.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 9:51 pm

DUK

MNTK

Montauk Renewables, Inc. (NASDAQ:MNTK) has signed a Renewable Energy Certificates (REC) Agreement with Duke Energy (NYSE:DUK) for a proposed waste-to-renewable energy facility in North Carolina. The facility, expected to be operational by 2025, will convert swine waste into renewable electricity, natural gas, and other commodities. The 15-year agreement calls for Duke to buy the electricity and associated RECs from the conversion.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:40 pm

DIS

DKNG

PENN

DraftKings Inc (NASDAQ:DKNG) shares dropped following an exclusive online sports betting deal between PENN Entertainment Inc (NASDAQ:PENN) and ESPN. The deal gives Penn exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term. Penn also sold 100% of the Barstool Sports common stock back to Dave Portnoy. Penn will pay ESPN, which is 80% owned by Walt Disney Co (NYSE:DIS), $1.5 billion for the initial 10-year term and grant ESPN approximately $500 million in warrants to purchase 31.8 million shares of Penn common stock.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 9:38 pm

BSKY

RKLB

Rocket Lab USA, Inc (NASDAQ:RKLB) has signed another block buy deal for five Electron launches with BlackSky (NYSE:BSKY), a provider of real-time geospatial intelligence and global monitoring services. This brings the total number of Rocket Lab missions contracted by BlackSky to eleven. The launches are expected to begin in 2024 from Rocket Lab's Launch Complex 1 in New Zealand. BlackSky's next-generation Gen-3 satellites are designed to produce images with up to 35-centimeter resolution.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:30 pm

BKSY

RKLB

BlackSky Technology Inc. (NYSE:BKSY) and Rocket Lab USA, Inc. (NASDAQ:RKLB) have signed a five-launch deal to increase capacity and introduce new capabilities into BlackSky's rapid-revisit, high-res constellation. The launches, which will commence in 2024, will support BlackSky's Gen-3 satellites designed to produce images with up to 35-centimeter resolution. Rocket Lab has launched six successful Electron missions for BlackSky since 2019.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:29 pm

RKLB

Rocket Lab USA, Inc. (NASDAQ:RKLB) has signed a new launch services agreement for a HASTE (Hypersonic Accelerator Suborbital Test Electron) mission from Launch Complex 2 at Virginia's Mid-Atlantic Regional Spaceport within NASA's Wallops Flight Facility in 2024. This comes after the successful launch of the first HASTE mission for Leidos under the Multi-Service Advanced Capability Hypersonic Test Bed (MACH-TB) program.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 9:28 pm

DIS

PENN

PENN Entertainment Inc has entered into an exclusive U.S. online sports betting agreement with Walt Disney Co's ESPN. As part of the deal, Penn has secured exclusive rights to the ESPN Bet trademark for online sports betting in the U.S. for an initial 10-year term. Penn will pay ESPN $1.5 billion for the initial 10-year term and grant ESPN approximately $500 million in warrants to purchase 31.8 million shares of Penn common stock. Penn also sold 100% of the Barstool Sports Inc common stock back to Dave Portnoy.

Portfolio Pulse from Adam Eckert

August 08, 2023 | 8:51 pm

PENN

Penn National Gaming (PENN) has divested 100% of its Barstool Sports common stock to founder David Portnoy in exchange for certain non-compete and other restrictive covenants. PENN also retains the right to receive 50% of the gross proceeds from any future sale or monetization event of Barstool.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:27 pm

DIS

PENN

Penn National Gaming has secured exclusive rights to the ESPN Bet trademark for OSN in the US for an initial 10-year term. The agreement can be extended for an additional 10 years upon mutual agreement.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 8:21 pm