Virgin Orbit in January took 10 small satellites to Earth's orbit for NASA in its first successful launch.
Zoom said purchasing Five9 will boost its presence with enterprise customers. The deal is expected to close in the first half of 2022.
The combined company will operate 20,000 miles of rail, employ close to 20,000 people, and generate total revenues of about $8.7 billion.
Shares of Michaels traded slightly above the offer price, suggesting that investors believe a higher bidder could make an offer for the retailer.
Pandion is a clinical-stage biotechnology company that is developing therapeutics for patients living with autoimmune diseases.
M&T will fund the entire deal with stock, issuing 0.118 shares for each People's United share, representing a 13% premium to Friday's closing price.
Semiconductor firm Inphi leapt as much as 33% in premarket trading on Thursday, after the Wall Street Journal reported that Marvell Technology could buy the company for as much as $US10 billion. A deal could come as soon as next week, sources told the Journal. The potential agreement would add […]
Twilio surged to record highs on Monday after it agreed to acquire Segment for $US3.2 billion in an all-stock deal. “Segment lets developers and companies break down those [data] silos and build a complete picture of their customer,” Twilio co-founder Jeff Lawson said. The deal is expected to close in […]
TikTok’s owner ByteDance is reportedly seeking a valuation of $US60 billion for its US operations. ByteDance reached an agreement with Oracle and Walmart this weekend, under which both companies will take a 12.5% and 7.5% share respectively in the Chinese firm. Both companies will pay a combined $US12 billion if […]
Social Capital Hedosophia Holdings Corp. II, a SPAC led by billionaire investor Chamath Palihapitiya, surged 25% on Tuesday after it confirmed it was merging with Opendoor. Opendoor is a property technology company that directly buys homes from sellers, makes necessary repairs to the homes, and then resells them. The transaction […]
Gilead said on Sunday it agreed to acquire cancer-drug company Immunomedics for $US21 billion. Shares of Immunomedic soared as much as 106% on Monday following the news. Immunomedics sells Trodelvy, a drug used to treat different forms of breast cancer and that is being evaluated for a number of other […]
Nvidia surged on Monday after it agreed to acquire UK-based Arm Holdings for $US40 billion. The acquisition will give Nvidia a solid footing in the smartphone space, given that the popular Qualcomm Snapdragon mobile chip is built on Arm architecture. The deal is expected to be immediately accretive to adjusted […]
Aimmune Therapeutics soared 172% on Monday after Nestle Health Science agreed to acquire the company for $US34.50 per share, or $US2.6 billion. Aimmune developed a treatment for peanut allergies, Palforzia, which was approved by the FDA in January of this year. But the COVID-19 pandemic derailed Aimmune’s Palforzia launch plans, […]
Grubhub is planning to merge with Just Eat Takeaway.com, the European food delivery company announced in a press release Wednesday. Under the terms of the proposed deal, Just Eat is valuing Grubhub at $US75.15 per share, or roughly $US7.3 billion. The announcement comes after Uber reportedly abandoned discussions to acquire […]
Wells Fargo is now the subject of merger speculation, as its stock trades nearly 70% off its 2018 high and is trading back to levels not seen since the Great Recession. In a tweet, Fox Business Senior Correspondent Charles Gasparino speculated that Goldman Sachs and Wells Fargo are considering a […]
Harry’s has lost its buyer after rival Edgewell, a conglomerate of shaving and skincare companies, pulled out of an acquisition agreement on Monday. Edgewell made the move after the Federal Trade Commission sued to block the acquisition on antitrust grounds last week. The government agency argued that the buyout would […]
Shares of Fitbit surged 17% Friday after Google agreed to buy the company for $US2.1 billion. The acquisition is expected to help Google expand into the smartwatch market to compete with the likes of Apple and Samsung. The news confirms a report from earlier this week that the search giant […]