Big Pharma enters 2026 with an appetite for deals
CEO Mark Goldsmith, whose company might be at the center of what could wind up being the biggest biotech deal of the year, is staying tight-lipped. His company, a California-based startup working on a...
Netflix reportedly considering making its $83 billion Warner Bros. offer all cash
is said to be considering making its $83 billion offer for the studio and streaming assets of all cash, according to Bloomberg. Shares of Netflix and WBD both climbed prior to market close on the rep...
Diageo is considering selling parts of its struggling China business
According to recent Bloomberg reporting , Diageo — the beverage behemoth that counts Guinness, Johnnie Walker whisky, Don Julio tequila, and more in its expansive drinks cabinet — is mulling the optio...
Paramount sues Warner Bros. for more info on its deal with Netflix, says it plans to nominate new directors
It’s a fresh week and that means a fresh bit of escalation in the ongoing merger drama. At an upcoming meeting, plans to “nominate a slate of [WBD] directors who, in accordance with their fiduciary d...
Abivax rises amid report Eli Lilly is preparing a €15 billion bid
French biotech rose more than 20% in premarket trading after French outlet La Lettre reported that is preparing a €15 billion bid (or roughly $17.5 billion) for the company. Lilly has yet to submit...
Allegiant to buy smaller-budget airline Sun Country for $1.5 billion
Low-cost airline on Sunday announced that will acquire fellow low-cost and leisure carrier in a $1.5 billion deal. Allegiant is putting up $1.1 billion in cash and stock, plus assuming about $400 mi...
Barring a crazy development, Netflix will own Warner Bros.
To borrow a phrase you might hear during election night reporting: the path to victory for in its bid for is narrowing. In fact, unless Paramount decides to change its tune, this fight is basically ...
AbbVie says it’s not in talks to buy Revolution Medicines; WSJ reports another suitor may prevail
says it “is not in discussions” to acquire oncology biotech , bucking previous reporting by The Wall Street Journal and sending both stocks slipping in early trading. The Journal reported Wednesday th...
Paramount doesn’t improve its offer for Warner Bros., leaving its fate to a long-shot shareholder appeal
on Thursday reaffirmed its $30-per-share offer to buy , again stating that it believes the offer to be superior to rival . In a press release, Paramount said its last amendment to the offer — which in...
Warner Bros. board spurns Paramount’s latest advance, continuing to support Netflix deal
It’s official: the sixth time was not the charm for Paramount, as the board on Wednesday unanimously, and officially, voted to reject the company’s Larry Ellison-backed offer. latest hostile takeover...
D-Wave Quantum agrees to acquire Quantum Circuits for $550 million to boost gate-model development
announced Wednesday that it has struck a deal to purchase Quantum Circuits for $550 million, as the annealing-centric quantum computing company continues its push to bolster its gate-model capabilitie...
Comcast sinks as it completes the spin-off of most of its cable channels
Shares of cable juggernaut and Peacock parent sank more than 6% in premarket trading on Monday. Driving the move was the completion of a separation of most of its cable channels into a separate entit...
SoftBank becomes OpenAI’s biggest backer after fully funding $40 billion investment
has fully funded its $40 billion investment in OpenAI, overtaking as the company’s largest financial backer, CNBC reports. The deal was contingent on OpenAI transitioning to a for-profit public benef...
Opendoor acquires HomeBuyer.com in bid to boost home flipping and mortgage opportunities
has acquired mortgage services platform HomeBuyer.com, according to a post on X from Chief Growth Officer Morgan Brown. Brown did not disclose financial terms of the deal in the post. There’s an eleme...
ServiceNow strikes deal to buy cybersecurity firm Armis for $7.75 billion in cash
has agreed to acquire cybersecurity startup Armis for $7.75 billion in an all-cash deal, the largest purchase in the company's history. That price tag is $750 million above what Bloomberg suggested wa...
Alphabet acquires data center company Intersect for $4.75 billion
Google parent announced a deal to acquire data center and energy infrastructure builder Intersect. Alphabet already held a minority stake and a partnership with the company. The acquisition is for $...
Three reasons Netflix needs Warner Bros. Discovery and HBO
and are continuing to battle it out over who gets to buy part or all of , with the latest salvo focused on the sources of their financing . Netflix, the world’s largest paid streamer, arguably has th...
Paramount bolsters its Warner Bros. offer with a $40.4 billion personal guarantee from Larry Ellison
$30 per share offer for Warner Bros. Discovery now includes a $40.4 billion personal guarantee from Larry Ellison, the father of Paramount CEO David Ellison, according to a fresh filing on Monday. “La...
Trump Media surges after announcing it is merging with fusion energy company TAE Technologies
Perhaps a strong late candidate for weirdest merger of the year, — owner of Truth Social — is combining with fusion energy company TAE Technologies in a $6 billion all-stock deal. As part of the deal...
Amazon in talks to invest upward of $10 billion in OpenAI at a valuation of more than $500 billion, per reports
is in discussions to invest in OpenAI, according to multiple reports. The e-commerce and cloud computing giant could put $10 billion or more toward an equity position in the ChatGPT maker at a valuati...