SANTA CLARA, CA, US – MARCH 13: People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s colla...
Tag: mergers and acquisitions
China formalizes rules for overseas IPOs
China Securities Regulatory Commission headquarters in Beijing. Visual China Group | Getty Images BEIJING – China-based companies now have more clarity on whether they can list overseas in the U.S. Th...
Microsoft Stock Leaps After Topping Earnings Forecast On Cloud Gains
Updated at 4:46 pm EST Microsoft (MSFT) – Get Free Report posted better-than-expected second quarter earnings late Tuesday, with stable growth rates for its key cloud computing division, sendin...
CoinDesk explores full or partial sale to attract growth capital, CEO says
Crypto media outlet CoinDesk may pursue a full or partial sale to fuel future growth, CoinDesk confirmed to The Block. CoinDesk is seeking advisory services from Lazard, a firm specializing in m...
TaxBit acquires rival crypto accounting platform Tactic
TaxBit, a crypto tax and accounting software provider, has acquired rival Tactic to expand its offerings. The acquisition, TaxBit’s first, will help expand its existing corporate accountin...
Oak Street Health Stock Soars On $10 Billion CVS Takeover Report
Oak Street Health (OSH) – Get Free Report shares soared higher Tuesday following a report that suggested the primary care center operator is ready to agree a $10 billion takeover by CVS Health ...
BofA’s Rick Sherlund predicts software comeback
Bank of America top banker Rick Sherlund sees a major market shift ahead. According to Sherlund, optimism surrounding technology stocks will make a comeback this year — but the key is to weather the u...
How BofA came back from the brink of collapse
The 2008 financial crisis had a devastating impact on Bank of America. Shares of the bank were trading for as low as $2.53 in 2009 and net income dropped from a high of $21 billion in 2006, to just $4...
Elon Musk Loses More Money Than Gates and Bezos
The net worth of billionaire Elon Musk continues to plummet, exceeding the amount of money that both Bill Gates and Jeff Bezos have lost in 2022. As shares of Tesla (TSLA) – Get Free Report, th...
Ferrero to buy Halo Top owner Wells to further U.S. expansion
Halo Top pints of ice cream in Los Angeles, California. Kirk Mckoy | Los Angeles Times | Getty Images Candy maker Ferrero is buying Wells Enterprises, the ice cream giant that owns Blue Bunny, Blue Ri...
Las Vegas Strip Leader Sells Key Casino
Liquidity is the name of the game in the current economic environment, and Wynn Resorts (WYNN) – Get Free Report is being proactive with its properties. The Las Vegas-based casino operator ann...
Trading Microsoft and Activision as Buyout Remains in Limbo
Shares of Activision Blizzard (ATVI) – Get Free Report fell just over 4% on Friday, while Microsoft (MSFT) – Get Free Report stock ended slightly lower. That’s as there are questions beg...
Activision Stock Higher As Call of Duty Powers Q3 Earnings Beat
Activision Blizzard (ATVI) posted stronger-than-expected third quarter earnings Monday and said its planned $69 billion takeover by Microsoft (MSFT) is expected to be completed by the middle of ne...
Twitter Employees Laid Off Via Email, Slack
Employees were laid off from Twitter (TWTR) globally starting on Nov. 3 and abruptly learned their individual fates by email or being logged off their laptops and Slack, a messaging app. Twitter emp...
Twitter Stock Tumbles On Report Musk Takeover Subject To US Review
Updated at 8:43 am EST Twitter (TWTR) shares slumped lower Thursday as the impact of Snap’s SNAP ad-spend warning rippled through social media stocks and Bloomberg reported that Elon Musk̵...
News Corp. stock up, Fox shares down as investors weigh merger
A person walks past Fox News Headquarters at the News Corporation building on May 03, 2022 in New York City. Alexi Rosenfeld | Getty Images Shares of News Corp. rose while Fox Corp. shares fell Monday...
Viasat takeover of UK rival Inmarsat faces in-depth competition probe
The offices of satellite operator Inmarsat in central London. Leon Neal | AFP | Getty Images The U.K.’s competition regulator launched an in-depth probe into American satellite internet company ...
BofA predicts breakout in mergers due to downcycle
Mergers in software may be about to break out. Top investment banker Rick Sherlund of Bank of America sees a wave of struggling companies putting themselves up for sale at cheaper prices due to the ec...