Robinhood, the popular trading platform, is making a significant move in the cryptocurrency space by acquiring Bitstamp, a leading digital asset exchange. This acquisition aims to strengthen Robinhood’s crypto offerings, expand its international reach, and provide access to advanced trading features for retail investors. This move reflects Robinhood’s commitment to becoming a one-stop shop for all financial instruments, including crypto, stocks, and options.
Qualcomm is putting its plans to acquire Intel on hold, waiting to see the outcome of the 2024 US presidential election. The company is concerned about potential antitrust issues and wants to understand the regulatory landscape under either a Trump or Harris administration. The acquisition, if successful, would create a semiconductor behemoth with significant influence in the tech industry.
HubSpot (HUBS) has made a strategic acquisition of Cacheflow, a leading B2B subscription billing and CPQ solution provider. This move aims to strengthen HubSpot’s Commerce Hub offering and enhance its ability to cater to the evolving needs of businesses in the B2B space. With this acquisition, HubSpot aims to streamline the quote-to-cash process, boost customer satisfaction, and ultimately drive growth in the subscription and billing management market.
Private equity giants TPG and Blackstone are reportedly in the lead to acquire eye care company Bausch + Lomb in a deal potentially worth $13 billion to $14 billion. The acquisition, driven by concerns from Bausch Health’s creditors, could be one of the largest private equity buyouts of the year.
Zeta Global Holdings Corp. (ZETA) announced the acquisition of LiveIntent for $250 million, aiming to strengthen its AI-powered marketing platform and expand its reach. The deal involves a combination of cash and stock, and includes potential earnout payments based on performance. This acquisition is expected to be immediately accretive to earnings and drive future growth.
Alaska Air Group will host an Investor Day presentation in New York City on December 10th, 2024. The event will focus on strategic business plans, including the integration of Hawaiian Airlines, anticipated acquisition synergies, and the company’s vision for future growth and innovation in the airline industry.
Ares Management Corporation has announced a $3.7 billion acquisition of GCP International, a global alternative asset management firm. The deal, which involves a mix of cash and Ares shares, is expected to significantly expand Ares’ real estate portfolio, nearly doubling its assets under management. The acquisition is anticipated to close in the first half of 2025, pending regulatory approvals.
Shares of Arcadium Lithium surged in pre-market trading after Rio Tinto expressed interest in acquiring the company. Other notable pre-market movers include LogicMark, TDH Holdings, and Top Wealth Group, all experiencing significant gains. Conversely, Trevena, Beneficient, and Mynaric faced declines due to various factors.
Dovid Efune, owner of the New York Sun, is set to acquire the UK-based Telegraph for over $550 million, ending a 16-month long battle for control of the conservative newspaper. The deal is expected to be finalized next week after Efune entered exclusive talks with RedBird IMI, the Telegraph’s current owner.
Multi-state cannabis operator Verano Holdings Corp. (VRNO) will unveil its third-quarter financial performance on November 7th, 2024, with a subsequent conference call for investors and analysts. This announcement follows Verano’s recent acquisition of assets from The Cannabist Company Holdings Inc., expanding its presence in Virginia and Arizona. The company also partnered with Mike Tyson’s TYSON 2.0 to bring its products to Florida and Illinois markets.
