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Gay Dating App Grindr Going Public
Hugely popular gay dating app Grindr announced in early May that it will soon be going public. Tiga Acquisition Corp. will acquire the 13-year-old company, which will be called Grindr Inc. and is valued at about $2.1 billion...
MGM Resorts Offering $607 Million for European Gaming Company
MGM Resorts International has offered $607 million for Swedish gaming company LeoVegas AB. The global hospitality and entertainment giant will pay for the purchase with cash and is offering $6.20 per share...
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Arkansas Coffee Company to Go Public in Business Combination With Riverview
In a business combination with Riverview Acquisition Corp., Arkansas-based Westrock Coffee Holdings LLC announced in April that it will go public, launching an initial public offering at $10 per share.The transaction values the coffee, tea, and extracts company at about $1.1 billion and will deliver about $500 million in gross cash proceeds...
Blackstone Snags College Housing Leader for Nearly $13 Billion
Blackstone Inc. will buy university housing giant American Campus Communities for $12.8 billion in an all-cash transaction, the investment firm announced in mid-April. The per-share price of the deal is $65.47, nearly 14% higher than American Campus' last stock close prior to the agreement...
Société Générale Makes Clean Exit From Russia, Selling Rosbank Unit
French bank Société Générale has cut ties with Russia, selling off its Rosbank operation to a firm with oligarch connections. In leaving the country, Société Générale will lose €3.1 billion, or $3.3 billion, in the sale to Interros Capital...
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AMD to Buy Pensando For $1.9 Billion
Semiconductor company Advanced Micro Devices (AMD) announced in early April that it will purchase distributed services platform maker Pensando in a $1.9 billion deal, excluding working capital and other adjustments. The sale is expected to close in the second quarter...
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HP To Acquire Video Conferencing Provider Poly For $3.3 Billion
Looking to bolster its hybrid office business, HP Inc. has recently announced a major deal to acquire Poly, a global provider of videoconferencing hardware, conference phones, and headsets, for $3.3 billion, or $40 per share, which will include Poly debt...
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Berkshire Hathaway Purchases Alleghany For $11.6 Billion, Further Expands Insurance Portfolio
Ending Warren Buffett's six-year drought of large acquisitions, his conglomerate Berkshire Hathaway recently made a deal to buy insurance company Alleghany Corp. for $11.6 billion. Berkshire agreed to pay $848.02 in cash per share, representing a 25% premium over Alleghany’s March 18 stock price...
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Intel To Spend $36 Billion To Make Chips In Europe
Intel has recently announced that it will invest more than €33 billion ($36 billion) in supporting chipmaking across the European Union. The EU is aiming to become more self-reliant when it comes to the manufacture of semiconductors...
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Software AG Acquires StreamSets, Looks To Expand Into World Of Data...
In a deal valued at more than $580 million, Software AG is acquiring data integration platform developer StreamSets. Software AG, which develops digital business and application integration software, described the acquisition as the first of a larger merger and acquisition effort...
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Hertz Appoints Scott M. Haralson as Chief Financial Officer
Hertz Global Holdings, a prominent global rental car company, has announced the appointment of Scott M. Haralson as Chief Financial Officer. "His deep expertise in financial management and leveraging the capital markets to drive business transformation will be invaluable to Hertz as we rotate our fleet, deliver operational excellence, build greater cost discipline and undertake other key initiatives to improve our financial performance", stated Hertz CEO Gil West...
Navan Appoints Amy Butte as Chief Financial Officer
Navan, the comprehensive super app simplifying travel and expense management, announced the appointment of Amy Butte as Chief Financial Officer effective June, 2024. Butte, who joined Navan's Board of Directors in April 2024, has resigned from her role as Audit Committee Chair to assume this executive position...