Workday rallies on positive comments from new investor Elliott, buyback boost, and analyst upgrade
shares jumped 8% Wednesday morning, leading S&P 500 gainers, as a slew of positive news pumped up the stock. Activist investor Elliott Management revealed a $2 billion stake in the HR software giant, ...
VF Corp. is shedding its century-old workwear icon, Dickies, after years of struggle
Apparel giant , the owner of The North Face, Vans, and Timberland, is offloading its largest workwear brand, Dickies, to Bluestar Alliance for $600 million — ending its ownership of the 103-year-old l...
Warner Bros. Discovery dips after TD Cowen downgrade cools deal frenzy
shares were down over 8% after TD Cowen downgraded the stock from “buy” to “hold,” even as it kept its $14 price target. The dip comes on the heels of a sharp rally sparked by reports that may bid for...
Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”
shares jumped 36% in premarket trading Tuesday after said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century...
Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring
is preparing a majority cash bid for , The Wall Street Journal reported , sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David El...
Warner Bros. Discovery jumps after Wells Fargo ups price target on dealmaking buzz
shares popped 7% Tuesday after Wells Fargo raised its price target on the media giant to $14 from $13 while keeping an equal-weight rating. The bank’s optimism stemmed largely from the media giant’s p...
Asset Entities to merge with Ramaswamy’s Strive and launch bitcoin treasury
Asset Entities’ shareholders have approved a merger with Strive, founded by Vivek Ramaswamy, to launch a treasury. Shares of jumped 145% in premarket trading on Wednesday and were up 50% as of 12:00...
Corporate breakups and spinoffs are back on Wall Street — but are investors up for the ride?
Bankers love to put companies together, pitching acquisitions all day long to corporate executives in the pursuit of scale, synergies, and seriously huge banking fees. But they also don’t mind doing t...
The Tesla directors who just proposed giving Elon Musk a trillion dollars say it’s “critical” he stay out of politics
Tesla’s board just laid out a plan that could eventually make Elon Musk a trillionaire . They also made it clear that they don’t want him involved in politics. In the same filing that outlined the CE...
Pepsi pops on report Elliott has taken a $4 billion stake in the soda and snack giant
stock jumped nearly 5% in premarket trading Monday after The Wall Street Journal reported that Elliott Investment Management has quietly taken a roughly $4 billion stake in the company — one of its bi...
Celsius hits a 52-week high after Pepsi boosts its stake in the caffeine peddler
is hiking its stake in energy drink maker to 11% in a $585 million deal, sending shares of both companies up. Celsius reached a fresh 52-week high on the agreement, which will also see it acquire Pep...
Prospective buyers are flocking to Canada Goose with take-private bids worth almost $1.4 billion
As summer comes to an end, people are starting to pull cold-weather clothes from the backs of their wardrobes… and now, it looks like several private equity firms are following suit, eyeing up . Follo...
Apple has reportedly considered buying Mistral AI and Perplexity
The chorus of voices urging to make a major AI acquisition to rectify its lagging position among its peers is getting louder, and it appears that Apple is at least listening. Apple executives have d...
Keurig Dr Pepper tumbles after announcing $18 billion acquisition and planned split-up of coffee business from other drinks
is admitting that soft drinks and coffee don’t mix. The beverage company announced a plan to buy Dutch-based JDE Peet’s NV for 15.7 billion euros (or roughly $18.4 billion) in an all-stock deal and th...
Tesla CEO Elon Musk asked Meta CEO Mark Zuckerberg to help buy OpenAI
When Elon Musk, the CEO of a combined social media and AI company (xAI), unsuccessfully tried to buy OpenAI earlier this year, he turned to Mark Zuckerberg, the CEO of a combined social media and AI c...
Paramount Skydance soars as call-buying heats up
shares jumped 14% in Tuesday trading as call option activity surged. As of 1:05 p.m. ET, roughly 126,000 calls had traded — well above the daily average and one of the most active single sessions sinc...
After an insane ride, Carvana is finally back on top — now Amazon is muscling further into its territory
Whatever industry you’re in, whether it’s beauty or electronics, toys or groceries, there’s one phrase you never want to hear: is getting into your line of business. So, on Wednesday, when car rental...
Online used car sellers fall as Amazon expands into the market in deal with Hertz
Online used car sellers and are sinking on Wednesday, seemingly on the rule that when becomes interested in your industry, your future gets bleak. On Wednesday, the tech giant partnered with to s...
Hertz looks to bring in more cash selling used cars on Amazon
Rental car giant announced it will begin selling some of its more than 540,000 used vehicles on . The program will start in four cities (Dallas, Houston, Los Angeles, and Seattle) before eventually e...
Nexstar, the US’s largest local TV broadcaster, is looking to get bigger with a $6.2 billion megamerger
The country’s biggest TV broadcaster, Nexstar, isn’t satisfied with 200 stations. On Tuesday, the company announced a multibillion-dollar deal to acquire a smaller rival. , the owner of NewsNation and...