Mergers and acquisitions
Amazon’s acquisition strategy becomes clear. DA Davidson on who could be next
Amazon’s acquisition strategy has become evident after its two latest deals, according to DA Davidson. The e-commerce giant announced last week it was acquiring Roomba-maker iRobot for $1.7 billion. The news followed last month’s $3.9 billion acquisition of primary health-provider One Medical . In both cases, Amazon is following its historical approach of “build first, […]
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CVS says it plans to get into primary care by year end
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS said Wednesday that it plans to acquire or take a stake in a primary-care company by the end of the year, as competition heats up with Amazon and Walgreens. CEO Karen Lynch said on […]
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Apollo-led investment group in talks to buy Atlas Air
A Boeing 747 cargo freighter belonging to Atlas Air. S3studio | Getty Images An investment group led by Apollo Global Management Inc is in advanced talks to buy air-freight company Atlas Air Worldwide Holdings Inc, a person familiar with the matter told Reuters. No deal has been reached and details of the transaction, including the […]
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PepsiCo takes $550 million stake in energy drink maker Celsius
Celsius Energy Drinks Courtesy: Celsius Holdings PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller company. Shares of Celsius rose 8% in morning trading on the news, bringing its market value to $6.7 billion. Celsius is expecting to gain more shelf […]
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3M will spin off its health care business into a new public company
A 3M logo is seen atop a Versaflo TR-300+ powered air purifying respirator hood as Nurse Evan Brost puts on personal protective equipment (PPE) before entering a patient room in a wing housing coronavirus disease (COVID-19) patients at UW Health University Hospital in Madison, Wisconsin, U.S. November 18, 2020. Daniel Acker | Reuters 3M announced […]
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Sam Bankman-Fried’s FTX is in talks to buy crypto exchange Bithumb, continuing its acquisition spree
Vidente, the owner of South Korean cryptocurrency exchange Bithumb, said on Tuesday it has held discussions about a possible sale of its stake to FTX. Talks of another acquisition are part of FTX and its founder Sam Bankman-Fried’s (above) aggressive acquisition approach amid a major downturn in the cryptocurrency market. Stefani Reynolds | Bloomberg | […]
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Amazon’s deals don’t instill the same fear in rivals as before
June 16, 2017. It’s likely a day many retailers can recall vividly. A sleepy Friday morning was disrupted by the surprising announcement that e-commerce giant Amazon was going to buy organic grocer Whole Foods. The upheaval was immediate. Not only did the news send shares of grocer Kroger into a tailspin, a broad swath of […]
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FaZe Clan goes public in $725 million SPAC, a market bet on Gen Z and the creator economy
Digital entertainment and esports brand FaZe Clan is being listed on the Nasdaq Wednesday after completing a SPAC merger in a deal valued at $725 million, a big step for creator economy companies to be publicly traded. FaZe Clan is an online media company made up of 93 members, consisting primarily of esports competitors and […]
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SoftBank reportedly pauses plan for Arm’s London listing
SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, the Financial Times reported. Akio Kon | Bloomberg | Getty Images SoftBank has stopped working on a London initial public offering for chip designer Arm because of political upheaval in the British government, […]
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Investing on the graveyard shift: Two new ETFs look to capture the ‘night effect’
Two new ETFs out this summer are working the overnight shift. The NightShares 500 [NSPY] and NightShares 2000 ETFs [NIWM] are doing something no ETF has done before: Take advantage of the so-called “night effect.” According to NightShares CEO Bruce Lavine, stocks bought at the market close and sold when markets open again in the […]
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