April 8, 2024
“Johnson & Johnson on Friday agreed to buy Shockwave Medical for $12.5 billion in a deal that would help broaden its portfolio of medical devices used in treating heart diseases. The acquisition gives J&J access to a device that uses shockwaves to break… Continue Reading…
February 28, 2024
“Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last year. The end-user computing… Continue Reading…
February 23, 2024
“Cloudflare shares rose 21% in extended trading on Thursday after the web security and content distribution network provider issued results and quarterly guidance that proved more robust than analysts had projected. Here’s how the company did, in comparison with estimates from… Continue Reading…
February 22, 2024
“Capital One Financial is set to acquire Discover Financial Services in a $35.3 billion all-stock deal. Under the agreement, Discover shareholders would receive 1.0192 Capital One shares for each Discover share or about a 26% premium from Discover’s Friday closing price of $110.49. The… Continue Reading…
February 19, 2024
“Shale producer Diamondback Energy said on Monday it would buy the largest privately held oil and gas producer in the Permian Basin, Endeavor Energy Partners, in a cash-and-stock deal valued at about $26 billion, including debt. The combined company would be the… Continue Reading…
January 30, 2024
“Amazon said on Monday it would not move forward with a planned acquisition of vacuum-maker iRobot, with the two companies saying in a release there was “no path to regulatory approval for the deal.” The Roomba maker also announced it would lay off 31% of its… Continue Reading…
January 24, 2024
“Netflix (NFLX) and TKO Group Holding’s WWE (TKO) announced a new partnership early Tuesday that will bring WWE’s flagship program Raw to the streaming service, beginning January 2025. The 10-year deal marks Netflix’s first big venture into the world of live sports… Continue Reading…
January 8, 2024
“The NCAA and ESPN have reached a new eight-year media rights deal worth more than $115 million annually, as the value of sports media rights reaches new heights. The new agreement carries an annual value of roughly three times the current 14-year deal,… Continue Reading…
January 1, 2024
“Bristol Myers Squibb on Friday announced it agreed to buy biopharmaceutical company Karuna Therapeutics for $14 billion in cash, or $330 per share. Karuna’s stock closed up more than 47% on the news Friday, hitting $317.85 a share. Bristol Myers Squibb shares closed up 2%…”… Continue Reading…
December 4, 2023
“Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take… Continue Reading…
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