Musings on Markets

SEPTEMBER 19, 2023

After years of rumors of an imminent IPO, Instacart has finally filed for a public offering of it’s shares, aspiring to raise about $600 million from markets, at a pricing of about $9-$10 billion for its equity. Since Instacart makes money without these adjustments, they only draw attention away from that good news.

Start-ups 102

Start-ups Marketability Technology Equity 102

Benzinga

APRIL 15, 2024

This news coincides with a period of operational adjustments at Gold Road’s flagship Gruyere mine in Western Australia. The Greenstone project, situated in the Geraldton-Beardmore Greenstone Belt in Ontario, is set to commence production soon. The past quarter witnessed production shortfalls attributable to lower-than-planned ore.

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Benzinga

APRIL 10, 2024

Alpine Immune Sciences Inc (NASDAQ: ALPN ) is reportedly considering strategic options, including a potential sale, following interest from potential buyers. The Seattle-based firm is working closely with advisors and evaluating various possibilities, and at least one major pharmaceutical player has expressed interest in an acquisition.

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Benzinga

DECEMBER 15, 2023

Health Care Service Corporation (HCSC) and Elevance Health Inc (NYSE: ELV ) are reportedly engaged in a competitive race to acquire the Medicare Advantage business segment from Cigna Group (NYSE: CI ), aimed at catering to individuals aged 65 and above.

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Benzinga

DECEMBER 15, 2023

This move follows Alteryx facing intense competition from tech giants like Microsoft Corp (NASDAQ: MSFT ) and Oracle Corp (NYSE: ORCL ), coupled with challenges in securing new business, resulting in a depreciation of its valuation and positioning it as an acquisition target.

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Equity 98

Benzinga

NOVEMBER 6, 2023

Cigna Corporation (NYSE: CI ) is reportedly contemplating the sale of its Medicare Advantage business and working with an investment bank to explore options for a business that could be worth billions, according to Reuters. The move follows a decade of expansion in the sector , including the acquisition of HealthSpring for $3.8

Banking 105

Banking 105

Benzinga

APRIL 11, 2024

Janux Therapeutics Inc (NASDAQ: JANX ) shares are trading higher following Wednesday’s reports suggesting the company is considering a possible sale following interest from larger pharmaceutical firms.

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Benzinga

MARCH 26, 2024

Former WeWork Inc (OTC: WEWOQ ) (OTC: WEWKQ ) CEO Adam Neumann has proposed a bid of over $500 million to buy back the bankrupt co-working company. Neumann, ousted from WeWork’s leadership five years ago, has been actively seeking avenues to regain control of the company.

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Benzinga

MARCH 22, 2024

Rush Street Interactive Inc (NYSE: RSI ), the Chicago-based online betting firm, is considering strategic options that could potentially lead to a sale. The exploration includes contacting potential buyers such as DraftKings Inc (NASDAQ: DKNG ).

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Benzinga

FEBRUARY 19, 2024

Capital One Financial Corp (NYSE: COF ) is reportedly exploring the possibility of acquiring Discover Financial Services (NYSE: DFS ), signaling a strategic move to strengthen its credit card offerings.

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Market Capitalization Marketability Banking 59

Benzinga

APRIL 19, 2022

Retail investors love a good story for stocks, as well as love the opportunity to get into some potential growth stories on the ground floor. SPACs were one of the hottest stories in 2020 and 2021 but have fallen out of favor with many companies trading well below the $10 price after mergers have been completed.

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Benzinga

MAY 4, 2023

Apollo Global Management Inc (NYSE: APO ) is reportedly close to taking Arconic Corporation (NYSE: ARNC ) private in a roughly $3 billion deal. The deal is set to value Arconic at $30/share.

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Equity Marketability 98

Benzinga

APRIL 7, 2023

Exxon Mobil Corp. NYSE: XOM ) is reportedly in early stage discussions with Pioneer Natural Resources Co. NYSE: PXD ) about a potential acquisition, the Wall Street Journal reported Friday, citing people close to the matter. The talks, which have been informal thus far, could transform the U.S.

Marketability 98

Marketability 98

Benzinga

MARCH 28, 2023

AMC Entertainment Holdings Inc (NYSE: AMC ) shares are surging Tuesday afternoon following a report that Amazon.com Inc (NASDAQ: AMZN ) is considering a buyout of the theater chain. What To Know: According to an Intersect report , Amazon founder and former CEO Jeff Bezos has told his investment advisors to look into a potential acquisition of AMC.

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Benzinga

MARCH 23, 2023

Bloomberg Apple, In A Cinema Near You Soon: Streaming Rivalry Heats Up As Apple To Splurge On Original Theatrical Releases Apple Inc (NASDAQ: AAPL ) eyes splurging $1 billion annually to produce movies likely for theatrical release to draw subscribers to its streaming service.

Private Equity Firm 97

Private Equity Firm Equity Technology Marketability 97

Benzinga

FEBRUARY 21, 2023

Sigma Lithium Corp (NASDAQ: SGML ) shares are trading higher Tuesday following reports that Tesla Inc (NASDAQ: TSLA ) is considering a bid for the battery metals mining company. What Happened: According to a Bloomberg report released after the market close Friday, Tesla is considering a takeover of. Full story available on Benzinga.com

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Marketability 98

Benzinga

MARCH 31, 2023

World Wrestling Entertainment, Inc. NYSE: WWE ) CEO Nick Khan on Thursday expressed optimism regarding the potential sale of the company, and for legalized betting on WWE matches, despite opposition from gaming and legal sports book companies.

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Marketability 94

Benzinga

FEBRUARY 7, 2023

The troubled bank said it would raise outside capital to launch the new entity, which it hopes to list in a separate initial public offering eventually. Apollo Global Management (NYSE: APO ) is reportedly looking to buy a stake in Credit Suisse Group Inc's (NYSE: CS ) revamped investment bank.

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Banking Marketability 98

Benzinga

JANUARY 5, 2023

ACI Worldwide Inc (NASDAQ: ACIW ) is reportedly discussing a potential sale with private equity firms. The payments-software provider said it is working with financial advisers as it fields takeover interest, Bloomberg reported. One of the people told Bloomberg there’s no certainty ACI will reach a deal given the.

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Equity Private Equity Firm 98

Benzinga

JANUARY 5, 2023

465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department. Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD ) shares associated with Sam Bankman-Fried , the founder of the collapsed FTX cryptocurrency exchange.

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Marketability Technology 98

Benzinga

JANUARY 10, 2023

The funding, supported by other venture firms, would value OpenAI at $29 billion, people familiar with the matter told the news website Semafor. Microsoft Corporation (NASDAQ: MSFT ) is reportedly negotiating a $10 billion investment in OpenAI — ChatGPT's large language chatbot owner.

Start-ups 98

Start-ups Marketability 98

Musings on Markets

DECEMBER 2, 2020

While there were news stories about the virus for the first few weeks of 2020, they centered either on China or passengers on cruise ships that had been exposed to the virus. Once the virus made its presence felt elsewhere, in February and March, countries responded with partial and full economic shut downs that hurt all businesses.

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Start-ups Marketability Equity Market Capitalization 52

Benzinga

MARCH 5, 2024

Singapore state-owned investment firm Temasek is in talks with artificial intelligence (AI) developer OpenAI about investing in the company.

Venture Capital Fund 52

Venture Capital Fund Marketability Finance Equity 52

Benzinga

JANUARY 4, 2023

Tokyo Gas Co Ltd's (OTC: TKGSY ) (OTC: TKGSF ) unit is reportedly in advanced talks to buy Rockcliff Energy from Quantum Energy Partners for about $4.6 The unit, TG Natural Resources , which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Full story available on Benzinga.com.

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Benzinga

JANUARY 12, 2023

Sandwich chain Subway is exploring a potential sale that could value the company at more than $10 billion and has retained advisers. "As a privately held company, we don't comment on ownership structure and business plans," Subway said.

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Benzinga

JANUARY 25, 2024

Film and TV studio magnate David Ellison , founder of Skydance Media, has reportedly extended a preliminary offer to acquire National Amusements Inc. , the holding company of the Redstone family. This strategic move aims to gain control of Paramount Global (NASDAQ: PARA ), the media giant behind iconic brands such as MTV and Nickelodeon.

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Private Equity Firm Finance Equity 52

Benzinga

JANUARY 25, 2024

billion, has experienced a steep decline in its stock value, prompting the company to divest its news operation and seek buyers for subsidiaries like Complex Networks. BuzzFeed, which has seen its stock plummet by over 97% since going public in 2021, is reportedly exploring the sale of its popular food-focused sites, Tasty and First We Feast.

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Benzinga

DECEMBER 30, 2022

GSK plc (NYSE: GSK ) chief commercial officer Luke Miels says the company is looking at M&A targets that are under-appreciated worth $1 billion-$2.5 billion and avoid getting into a 'bidding war.' ' Luke added that GSK is looking to acquire or partner with biotechs' hiding in plain sight' to expand its pipeline.

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Equity 97

Benzinga

JANUARY 24, 2024

Walgreens Boots Alliance Inc (NASDAQ: WBA ) is reportedly considering various options for its specialty pharmacy business, Shields Health Solutions. The potential sale, estimated to exceed $4 billion, is part of Walgreens’ broader strategy to address its financial challenges.

Private Equity Firm 52

Private Equity Firm Equity 52

Benzinga

DECEMBER 20, 2022

Netflix Inc. NASDAQ: NFLX ) has shed over 52% for the year-to-date period even as the company has embarked on a turnaround plan following a massive loss of net paid subscribers earlier this year. A report explored the possibility of the streaming giant being an object of interest to another large-cap tech company.

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Technology 97

Benzinga

JANUARY 22, 2024

Barrick Gold (NYSE: GOLD ) has dismissed recent reports suggesting a meeting between one of its executives and First Quantum Minerals (TSX: FM ) representatives in Panama to discuss a potential takeover.

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Dividends Marketability 52

Benzinga

JANUARY 8, 2024

Merck & Co Inc (NYSE: MRK ) is reportedly negotiating to purchase cancer drugmaker Harpoon Therapeutics Inc (NASDAQ: HARP ) for an estimated $700 million. billion in sales in 2022, securing its position as one of the world's top-selling medications.

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Benzinga

JANUARY 3, 2024

Cigna Group (NYSE: CI ) is reportedly in advanced negotiations to divest its Medicare Advantage division and is presently in discussions to sell it to Health Care Service Corp Inc (NASDAQ: HCSG ) for around $3 billion-$4 billion.

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Benzinga

JANUARY 3, 2024

In response to the report from The Wall Street Journal, Fisher Investments debunked the acquisition rumors, asserting that neither Advent International nor any other entity was in the process of purchasing the firm.

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Benzinga

SEPTEMBER 14, 2023

CrownRock is reportedly in the early stages of preparing for a potential sale, with insiders indicating that the company's valuation could surpass $10 billion, including its outstanding debt. This prospective deal, slated for early 2024, could mark a significant milestone in the U.S.

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Marketability 64

Benzinga

AUGUST 23, 2022

Owl Creek Asset Management L.P. sent a letter to Cano Health Inc (NYSE: CANO ) board strongly encouraging the company to pursue strategic alternatives , including a potential sale. Owl Creek owns around a 3.75% stake in Cano.

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Marketability 98

Benzinga

AUGUST 26, 2022

Rumors that e-commerce behemoth Amazon.com Inc (NASDAQ: AMZN ) was going to announce an offer to purchase the "Apex Legends" and "Madden NFL" maker Electronic Arts Inc. NASDAQ: EA ) began to circulate Friday morning. The report originated from the Swedish gaming media company Good Luck Have Fun and was shared by CNBC.

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