#acquisition

Stifel raised its price target for IBM to $246 from $205, maintaining a Buy rating. Despite a weaker Q3 forecast, IBM is expected to slightly outperform earnings estimates. IBM's dividend yield of 2.9% makes it attractive, though the stock seems stretched pre-earnings. Analysts suggest IBM is...

IBM has officially acquired Prescinto, a Bangalore-based company specializing in asset performance management (APM) software-as-a-service (SaaS) solutions, specifically for the renewable energy sector. This strategic acquisition aims to enhance IBM’s ability to manage and optimize renewable...

Cloudflare, inc. (NYSE: NET), a global leader in cloud connectivity and cybersecurity, announced the acquisition of Kivera, a cutting-edge platform specializing in cloud security, data protection, and regulatory compliance. The integration of Kivera into Cloudflare's rapidly growing Cloudflare...

Starboard Value’s Strategic Move: Activist hedge fund Starboard Value has reportedly acquired a significant stake of approximately $1 billion in Pfizer, aiming to revitalize the struggling pharmaceutical giant. This bold investment underscores Starboard’s belief in Pfizer’s potential for...

Intel Corporation (NASDAQ: INTC) is currently in the spotlight as it navigates acquisition rumors concerning Qualcomm while securing a substantial multi-billion dollar deal with Amazon Web Services (AWS) to provide custom Xeon chips. This strategic move highlights Intel's commitment to remaining...

JPMorgan Chase & Co has increased its presence in Australia's casino sector by acquiring a 5.47% stake in Star Entertainment, as revealed in a recent exchange filing. This move positions JPMorgan as a substantial shareholder in the financially troubled casino operator, which has been grappling...

LifeWallet (NASDAQ: LIFW), announced a significant acquisition of Medicare Secondary Payer (MSP) claims. This deal involves more than 450,000 Medicare members, with a total claims value exceeding $10.6 billion. The acquisition strengthens LifeWallet’s strategic focus on recovering healthcare...

Featurespace is known for its cutting-edge algorithms that analyze transaction data to detect even the most elusive types of fraud. This acquisition positions Visa to offer more advanced risk-scoring and fraud-detection solutions to its global client base, addressing the increasing...

Smartsheet, a leading provider of workplace collaboration software, is set to be taken private by Vista Equity Partners and Blackstone in a substantial $8.4 billion transaction. According to the announcement made on Tuesday, shareholders of Smartsheet will receive $56.50 per share in cash...

Salesforce has announced a definitive agreement to acquire Zoomin, a prominent data management provider specializing in unstructured data. This strategic acquisition is poised to significantly enhance Salesforce's Data Cloud, allowing for more effective utilization of unstructured data, which is...

Qualcomm has entered early discussions with Intel to explore a potential acquisition, marking a significant shift in the semiconductor industry. Reports from Reuters suggest that these discussions, led by Qualcomm’s CEO Cristiano Amon, are still in the preliminary stages, with no formal offer...

Vista Equity Partners and Blackstone (BX) are close to finalizing an $8 billion deal to acquire Smartsheet (SMAR), a prominent collaboration-software company. Sources familiar with the matter report that the private equity giants are offering approximately $56 per share for Smartsheet, with the...

UPS has announced plans to acquire Frigo-Trans and its sister company BPL, leading healthcare logistics providers based in Germany. This move will significantly enhance UPS’s ability to offer end-to-end, temperature-controlled logistics solutions across Europe, catering to the growing demands of...

Verizon Communications Inc. has agreed to purchase Frontier Communications Parent Inc. for an enterprise value of $20 billion, marking a significant move in the telecommunications industry. The acquisition, detailed in a joint statement, includes a cash offer of $38.50 per share, representing a...

A consortium led by Blackstone, in partnership with the Canada Pension Plan Investment Board (CPPIB), is nearing a significant acquisition of Australian data center giant AirTrunk. The deal, valued at approximately A$20 billion ($13.53 billion) including debt, underscores the continued surge in...

Advanced Micro Devices Inc. (AMD) has announced a strategic acquisition of server manufacturer ZT Systems in a cash and stock deal valued at $4.9 billion. This acquisition is part of AMD’s aggressive strategy to strengthen its position in the data center and AI markets, directly challenging...

On August 12, 2024, Eli Lilly & Co. completed a $5 billion bond issuance to finance its $3.2 billion acquisition of Morphic Holding Inc., a company specializing in treatments for inflammatory bowel disease and other chronic conditions. This strategic move aims to bolster Lilly’s portfolio with...