American Airlines jumps as United CEO floats the idea of a megamerger
was trading up more than 5% in premarket trading on Tuesday after Bloomberg and Reuters reported that CEO Scott Kirby had floated the idea of a possible merger with American Airlines. According to Re...
Credo Technology soars after announcing deal to acquire photonics company
is soaring in premarket trading after announcing an agreement to acquire DustPhotonics, a developer of silicon photonic integrated circuits for optical transceivers (that is, chips that help use light...
Amazon strikes deal to buy Globalstar as it looks to take on SpaceX’s Starlink
is up 11% in premarket trading on Tuesday after announced it has agreed to acquire the satellite company for about $11.6 billion, as it moves to keep up with Elon Musk’s Starlink. The deal would effec...
Music record companies love being “artist-centric” — but how much do they pay out to artists?
Billionaire investor Bill Ackman’s latest big bet is a merger proposal for , a deal with a $64 billion price tag. With the offer coming at a whopping 78% premium to the group’s closing price on Monday...
Paramount surges on bullish options activity, 1 day after $24 billion Gulf backing report
shares surged more than 9% shortly after markets opened on Tuesday, on pace for their best day since news that the company had emerged victorious in the bidding war broke in late February. The entert...
Universal Music jumps on Pershing Square’s $64 billion merger proposal
ADRs rose 11% in premarket trading on Tuesday after Bill Ackman’s Pershing Square Capital offered a deal to combine the world’s largest music company with Pershing Square SPARC Holdings, with the resu...
Paramount reportedly receives $24 billion from Gulf funds to back its Warner Bros. takeover
Three Middle East sovereign wealth funds have agreed to back takeover of to the tune of roughly $24 billion, according to Wall Street Journal reporting.
Space stocks rip during a topsy-turvy day for the equity market
Satellite-services-from-space stocks surged Thursday after reports that is in talks to buy , which provides voice and connectivity services from its satellite network. It also can’t hurt that the gene...
JetBlue surges following report it is exploring potential merger partners
Shares of spiked more than 15% midday Wednesday following a Semafor report that the airline is exploring merger partners. The company has explored Washington’s regulatory temperature around a potenti...
Sony and Honda are scrapping Afeela, their joint EV that you could play PlayStation in
Less than two weeks after said it would take an up to $15.7 billion write-down as it restructures its EV business, the automaker is scrapping an electric vehicle made in a joint venture with . The Af...
Estée Lauder says it’s in talks to buy Puig Brands
fell sharply in the last 30 minutes of trading yesterday, closing down nearly 8% after the company confirmed that it is in talks to purchase Puig Brands, a Spanish competitor with a market value of ov...
Jefferies rises after report of potential takeover from Japan’s SMFG
Jefferies jumped 10% in premarket trading on Tuesday after the Financial Times reported that Japan’s second-largest lender, Sumimoto Mitsui Financial Group, is working on plans for a possible takeover...
Danone acquires meal replacement shake maker Huel for ~$1.2 billion
Very big things are happening today in the world of nutritionally complete products that taste like chalk, as Danone has agreed to buy the celebrity-backed protein bar, powder, meal, and meal replacem...
Synopsys rises on WSJ report of Elliott’s new multibillion-dollar stake
Software company is up 3% in premarket trading on Monday after The Wall Street Journal reported that Elliott Investment Management, a well-known activist fund, has taken a multibillion-dollar stake i...
Bezos seeks $100 billion for AI-enhanced manufacturing fund, WSJ reports
founder Jeff Bezos is seeking to raise a $100 billion fund that would purchase manufacturing companies and use AI to automate their work processes, according to a new report from The Wall Street Journ...
OpenAI acquires Astral, adding talent to Codex team
OpenAI has acquired open-source Python tool developer Astral, bringing aboard additional coding talent for its Codex team. The company said the acquisition will help Codex “expand beyond coding” by he...
Uber will invest $1.25 billion in Rivian in a new robotaxi deal
EV maker surged more than 9% in premarket trading on Thursday following an announcement that will invest up to $1.25 billion in the company through 2031 as part of a robotaxi partnership. The deal w...
Microsoft considers suing Amazon and OpenAI over $50 billion deal
Microsoft may be about to take its biggest AI partner to court, the Financial Times reports . , a longtime backer of OpenAI, is weighing legal action over the latter’s $50 billion deal with tied to i...
Micron rises after closing acquisition of PSMC’s Tongluo P5 site, plans to nearly double clean room manufacturing space
rose 4% in premarket trading on Monday after the memory manufacturer announced that it had closed the acquisition of Powerchip Semiconductor Manufacturing Corporation’s (PSMC) P5 site in Tongluo, Taiw...
How Tesla quietly wound up owning a small piece of SpaceX
is converting its recent $2 billion investment in Elon Musk’s AI company, xAI, into a small ownership stake in SpaceX — just months before the rocket maker’s highly anticipated IPO. Here’s what happen...