Acquisition
Coverage of Acquisition in the Nexus archive.
- Mirae Asset to inject additional $35 million into Korbit crypto exchange following July acquisition: report
Mirae Asset completed its acquisition of 97.15% of Korbit in July for roughly $91.5 million. Following this major deal, the company is reported to inject additional $35 million into the crypto exchange.
- eBay raised its outlook after beating estimates, but its Depop bet cost more than expected
eBay raised its outlook after beating estimates, despite the acquisition of Depop costing more than anticipated. The company's deal to acquire Depop from Etsy closed at $1.4 billion, representing an amount $200 million above the originally announced price.
- Bending Spoons agreed to buy Airtable for $1.3 billion in its first deal since going public
Bending Spoons agreed to acquire Airtable, a spreadsheet and database software company, for $1.3 billion in an all-cash deal. The transaction values Airtable at an enterprise value of $1.285 billion and an equity value of approximately $2.25 billion. This marks Bending Spoons' first acquisition since going public.
- Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges
Merck increased its revenue outlook due to growing new drug sales but reduced its profit guidance because of a charge related to the acquisition of biotech company Terns Pharmaceuticals.
- Maple Grove Hospital nurses secure higher pay, better benefits ahead of Sanford Health acquisition
Nearly 600 Maple Grove Hospital nurses secured a new three-year union contract with higher pay, improved retirement benefits, and workplace safeguards ahead of Sanford Health's acquisition. The agreement includes a 401(k) match, double-time pay after 13 consecutive work hours, and uses the same pay formula as North Memorial Robbinsdale Hospital starting in 2028.
- Retired SC judge Gopala Gowda terms Bidadi Township notification ‘void’
Retired SC judge Gopala Gowda terms Bidadi Township notification 'void'. Protesting farmers at a public hearing express concerns about losing self-reliance and steady income sources if the acquisition is carried out.
- Mirae Asset completes Korbit acquisition, becomes largest shareholder
Mirae Asset Consulting has become Korbit’s largest shareholder after completing its acquisition. The exchange stated that trading and customer asset protections remain unchanged.
- Turkish Airlines Exploring Acquisitions in Asia, South America
Turkish Airlines is exploring acquisition opportunities in Asia and South America as part of its strategy to expand its global reach. The airline aims to increase its international presence through these potential acquisitions.
- Comcast has been eyeing acquisition of cable rival Charter — why it hasn’t pulled the trigger yet
Comcast is considering acquiring cable competitor Charter to expand its market reach, as combining operations in different regions aligns with strategic competition goals. However, the acquisition has not been finalized yet.
- Kroger is acquiring regional grocery chain Giant Eagle in a $1.65 billion deal
Kroger is acquiring regional grocery chain Giant Eagle in a $1.65 billion deal, comprising $1.25 billion in cash and $400 million in assumed liabilities. The transaction is expected to close in 2027.
- We must ensure the next war is won, not lost, in space. That starts with acquisition.
Jim Slife, a former Air Force No. 2 officer, argues in an op-ed that past space procurement efforts have been hindered. He emphasizes the need for improved acquisition processes to ensure military success in space.
- Here are 5 wild stats from SpaceX's first week on the Nasdaq
SpaceX's first week on the Nasdaq featured notable achievements, including record trading volume and the announcement of its first acquisition. The company's market debut has drawn attention for its unprecedented scale and performance.
- SpaceX set to leapfrog Amazon to become world’s fifth-largest company
SpaceX is poised to surpass Amazon as the world’s fifth-largest company following a strong post-IPO rally and the announcement of a $60 billion acquisition.
- Murdochs’ aversion to big buyouts meets its match in the streaming age
Fox's shares dipped following a $22 billion acquisition of Roku, challenging the Murdochs' aversion to large buyouts in the streaming era.
- Paramount Skydance merger with Warner Bros. Discovery won’t harm competition, consumers, DOJ says
The U.S. Justice Department has approved Paramount Skydance’s proposed acquisition of Warner Bros. Discovery, stating it will not harm competition or consumers. The merger, which combines media and entertainment companies, has cleared a key regulatory hurdle.
- DOJ paves way for Paramount Skydance to buy Warner Bros. Discovery
Paramount Skydance's $110 billion acquisition of Warner Bros. Discovery has received approval from the DOJ, which stated it would not harm consumers or weaken competition.
- Cardano’s TapTools to wind down after 5 execs exit
Cardano’s TapTools is planning to wind down operations following the exit of five executives. The company remains open to being acquired or collaborating with external resources to maintain the platform.
- Defense tech darling Mach Industries hits $1.8B valuation, a 4x jump in a year
Mach Industries, a defense tech company, has reached a $1.8B valuation, a fourfold increase in a year. The company, founded by 22-year-old CEO Ethan Thornton, raised $300 million, is developing five autonomous vehicles, and completed a major acquisition.
- Jamie Dimon says JPMorgan wants to go shopping — and has $20 billion to spend
JPMorgan Chase CEO Jamie Dimon announced the bank could spend up to $20 billion on an acquisition, potentially marking the largest deal during his 20-year leadership. The move signals JPMorgan's strategic intent to expand through major financial transactions.
- Jamie Dimon says JPMorgan could spend up to $20bn on a new acquisition
JPMorgan CEO Jamie Dimon stated the bank could spend up to $20 billion on a new acquisition. He attributed the availability of $50 billion in excess capital to the Trump administration's lighter regulatory approach.
- Jamie Dimon says JPMorgan Chase could spend $20 billion on acquisition: 'We are on the lookout’
Jamie Dimon, JPMorgan Chase's CEO, stated the bank could spend up to $20 billion on an acquisition, marking one of the largest deals in its history. The potential acquisition may face regulatory scrutiny due to JPMorgan's status as the largest U.S. bank by assets.
- Foot Locker returns to growth but weighs on Dick's Sporting Goods as earnings miss
Dick's Sporting Goods has seen a surge in sales following its acquisition of Foot Locker, but the brand's profitability has declined due to the high costs associated with turning Foot Locker around. The earnings miss highlights the financial challenges of integrating and reviving the acquired brand.
- Galaxy’s Novogratz and BitGo face off in court over $100 million claim: Bloomberg
Galaxy Digital and BitGo are involved in a court dispute over a $100 million claim related to a failed acquisition. Galaxy abandoned its acquisition plan in 2022, citing BitGo's failure to deliver audited financial statements for 2021.
- GameStop is reportedly preparing an offer to buy eBay
GameStop is reportedly preparing an offer to acquire eBay, according to a report by the Wall Street Journal. The potential acquisition could be announced as soon as this month.
- The remarkable revival of eBay
eBay is experiencing a resurgence in its online marketplace, with GameStop announcing plans to acquire it. The article highlights eBay's revival as a significant development in the e-commerce sector.
- GameStop Preparing Offer for eBay
GameStop is preparing a potential offer to acquire eBay, marking a significant move in the retail and e-commerce sectors. The Wall Street Journal first reported the development, while Hacker News users have engaged with the story through comments and upvotes.
- China blocks Meta from acquiring AI startup Manus
China has blocked Meta's acquisition of AI startup Manus. Meta claims the deal complied with all applicable laws and expects a resolution to the inquiry.
- China blocks Meta's $2bn acquisition of AI start-up Manus
China has blocked Meta's $2 billion acquisition of AI startup Manus following months of regulatory scrutiny. The deal, struck with the owner of Facebook, faced prolonged review by Chinese authorities.
- China blocks Meta's acquisition of AI startup Manus
China has blocked Meta's attempt to acquire AI startup Manus, likely due to regulatory or national security concerns. The decision highlights ongoing scrutiny of foreign tech investments in China.
- Apollo Acquires Forvia’s Auto Interiors Unit for €1.82 Billion
Apollo Global Management Inc. has acquired Forvia’s auto interiors unit for €1.82 billion. The transaction involves Apollo's expansion in the automotive sector through this strategic acquisition.
- What's next after Warner Bros. shareholder approval of Paramount Skydance acquisition
Warner Bros. Discovery shareholders approved Paramount Skydance's $81 billion acquisition of the company. The deal, announced by CBS News, marks a significant shift in the media and entertainment industry.
- SpaceX and Cursor strike partnership that might end in a $60 billion acquisition
SpaceX and Cursor have formed a partnership that could result in a $60 billion acquisition. The collaboration signals a significant business development in the tech and aerospace sectors.
- Once close enough for an acquisition, Stripe and Airwallex are now going after each other
Stripe and Airwallex, once considered for an acquisition, are now competing directly after previously operating in separate geographies. The companies are shifting strategies to target each other's markets.