Take-Two Interactive Software (NASDAQ:TTWO) will acquire The Gearbox Entertainment Company for $460M in newly issued shares, based on the average closing price over the last five days, expected to be finalized in Q1 of Fiscal Year 2025, excluding non-core assets.
Xos (NASDAQ:XOS) has finalized its acquisition of ElectraMeccanica Vehicles (NASDAQ:SOLO), boosting its balance sheet by approximately $48 million and providing growth capital, following the terms announced on January 11 in an all-stock transaction.
Vimeo's (NASDAQ: VMEO) 28% stock drop coincides with speculation of potential acquisition by Bending Spoons SpA amid its market cap of $912 million and a significant decline since its spin-off from IAC/Interactive Corp.
Blackstone explores £1.5 billion sale of The Office Group, aiming for gains amid WeWork's collapse, eyeing deal by Q1 2025 amidst rising demand for flexible office space.
Cartica Acquisition Corp plans to extend its initial business combination deadline, with the Sponsor committing to contribute $40,000 monthly until January 7, 2025, contingent on shareholder approval, impacting per-share amounts and potential redemptions.
The FDA grants full approval for AbbVie's Elahere, a drug for treating ovarian cancer, following its initial accelerated approval in November 2022, based on data from the MIRASOL Phase 3 study, after AbbVie's acquisition of ImmunoGen for approximately $10 billion.
Capital One assures regulators that its acquisition of Discover will not stifle credit card competition, as the combined entity will only represent 13% of purchasing volume, emphasizing the deal's potential to enhance financial stability and create a competitive alternative to Visa and Mastercard.
Capri Holdings (NYSE:CPRI) saw a partial recovery in stock value amid speculation as the Federal Trade Commission removed a scheduled closed-door meeting from its website, raising concerns about potential FTC actions regarding Capri's planned acquisition by Tapestry (NYSE:TPR).
Franworth sells its holdings in The Lash Lounge to Riverside Capital, marking the growth journey from a 6-unit business in Dallas, TX, to over 130 open and another 140 units sold, as Franworth re-capitalizes and transforms into a leader-led organization, with a mission to create brighter futures for founders, franchisor teams, and entrepreneurs.
PGTI shareholders approve merger with MIWD, MITER Brands acquiring PGTI shares at $42.00 per share with financing from Koch Equity Development, transitioning PGTI to a privately held company, delisting from public markets expected later this month.