E.W. Scripps explores selling Bounce TV, potentially fetching hundreds of millions; shares rise as interest from potential buyers emerges.
The Federal Trade Commission filed a lawsuit to block Capri Holdings' $8.5 billion sale to Tapestry, alleging it would eliminate competition between Coach, Kate Spade, and Michael Kors, despite Tapestry's insistence that the deal is pro-competitive and Capri Holdings' disagreement with the FTC's decision, with both companies affirming the transaction's benefits and market realities.
Savvy Games Group, backed by Saudi Arabia’s Public Investment Fund, aims to bolster its mobile game presence through strategic investments like the $4.9 billion acquisition of Scopely, leveraging the success of Monopoly Go, while diversifying from previous esports ventures.
The iconic Brick Alley Pub, a Newport landmark known for its familial ambiance and accolades, is set to be acquired by The Heritage Restaurant Group, ensuring continuity with existing management and staff under the leadership of Matt Plumb.
HubSpot's (NYSE:HUBS) stock rose 1% amid takeover rumors, fueled by reports suggesting Google (GOOGL) and other potential suitors are considering acquisition, though no formal offer has been made yet.
Bentley Systems (BSY) surged 4.4% following reports of potential sale amid takeover interest, with Schneider Electric (OTCPK:SBGSF) and Cadence Design (CDNS) expressing interest, as Bentley explores options with a market cap of around $15 billion, controlled by the Bentley family through a special class of shares, forming a special committee to consider sale or joint venture.
Altair acquired Cambridge Semantics, bolstering its data expertise and analytics team with advanced graph-powered data fabric technology for comprehensive enterprise knowledge graphs.
Kona Gold Beverages plans to acquire Surge Distribution from Loud Beverage for $1.5 million in preferred stock.
APi Group's acquisition of Elevated Facility Services for $570 million in cash expands its market reach by $10 billion, enhances cross-selling opportunities, and is expected to contribute $220 million in annual revenue, driving growth in its shareholder value creation framework, with Q1 net revenues expected between $1.590 - $1.610 billion and shares rising +2.23% to $39.42.
Edison Lithium acquires alkali disposition A-4593 in Saskatchewan from Globex Mining, part of its sodium brine claims expansion, for $200,000 cash, $50,000 in common shares, and a 2% royalty on gross revenue.
