Streetbeat News

Partnerships

APO

Apollo Funds is set to make a strategic equity investment in PetSmart. The terms of the deal have not been disclosed. BC Partners, GIC, and the PetSmart management team will remain the majority shareholders and retain control of the board.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 10:01 pm

AMC

AMC Entertainment Holdings Inc's revised deal with Ape Entertainment is set to go back to the judge on an expedited timeline. The details of the revised deal were not disclosed in the article.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:58 pm

GAME

GameSquare Holdings, Inc. (NASDAQ:GAME)(TSXV:GAME) has appointed Lou Schwartz as Board Chairman, effective July 7, 2023. The company has also engaged Infor Financial Inc. to provide services as a market maker, subject to the approval of the TSX Venture Exchange. The agreement is for an initial term of six months and will renew for additional one-month terms unless terminated.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:33 pm

ACHC

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) has formed a joint venture with Nebraska Methodist Health System to build a 96-bed behavioral health hospital in Council Bluffs, Iowa. This partnership will expand Acadia's acute service line into a new state and is the 20th joint venture for Acadia. The new hospital will offer a full range of inpatient and outpatient behavioral healthcare services.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:17 pm

DLR

INDA

Digital Realty (DLR), Brookfield Infrastructure, and Reliance Industries Ltd. (RIL) have announced a joint venture to develop data centers in India. The venture, named 'Digital Connexion: A Brookfield, Jio and Digital Realty Company', will leverage Digital Realty's data center platform, Brookfield's knowledge of the Indian infrastructure market, and Jio's digital and connectivity ecosystem. The Indian data center market is experiencing rapid growth due to the adoption of digital technologies and cloud computing.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 8:16 pm

XPON

Expion360, a provider of advanced battery solutions, has announced that its full lineup of batteries and select accessories are now available for order via the Meyer Dealer Portal. The company did not disclose any financial details related to this announcement.

Portfolio Pulse from Bill Haddad

July 24, 2023 | 8:04 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares hit new 52-week highs last week before pulling back. The stock is still up more than 100% over the last three months, driven by the company's AI exposure and strong demand for its new AI platform. The company also announced a partnership with SpectorOps to provide the government sector with SpectorOps' BloodHound Enterprise solution. Palantir is set to report second-quarter earnings on Aug. 7, with expected earnings of five cents per share and revenue of $530.63 million.

Portfolio Pulse from Ryan Gustafson

July 24, 2023 | 7:33 pm

AMZN

UNVGY

Superplastic, a character design studio, has announced its entry into the music industry in partnership with Universal Music Group's Virgin Records and United Music Group. The company introduced the 3D animated hip-hop duo Ghost Kidz at Rolling Loud Miami 2023. Earlier this year, Superplastic announced a collaboration with Amazon.com, Inc., which includes investment opportunities, a streaming show in development, and a first-look deal with Amazon Studios.

Portfolio Pulse from Franca Quarneti

July 24, 2023 | 7:09 pm

MSFT

SPLK

Splunk Inc's user conference showcased advancements in AI and a strategic collaboration with Microsoft. The event highlighted a change of pace from last year, with a greater number of product announcements and increased internal R&D innovation. Analysts from Needham and JMP maintained a Buy and Market Perform rating respectively, despite expressing caution about Splunk's overall competitive positioning. SPLK shares are trading lower by 1.29% at $103.12.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 6:07 pm

NVDA

VUZI

Vuzix has tweeted about the use of its Blade product in conjunction with an app developed by a senior researcher using NVIDIA's Riva and Riva ASR (Automatic Speech Recognition). This collaboration aims to assist people with hearing problems in having real-time conversations.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 6:06 pm