Bird Global Buys Shared Electric Bike And Scooter Operator Skinny Labs

Bird Global, Inc. (BRDS), Tuesday said it has acquired shared electric bike and scooter operator Skinny Labs, Inc, which is doing business as Spin, from Berlin-based TIER Mobility. The transaction makes Bird the largest micromobility operator in North America by market share and is expected to be immediately accretive to earnings. The purchase price was $19 million, including $10 million […]

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Microsoft Wins Against FTC In Activision Blizzard Merger Deal

Microsoft Corp. has overcome a major hurdle in its plans to buy video game maker Activision Blizzard Inc. with a court verdict against the Federal Trade Commission. A California judge has denied the FTC’s request for a preliminary injunction against the $69 billion deal, allowing the tech major to close its acquisition ahead of the July 18 deadline. The deal […]

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TherapeuticsMD To Go Private In A $177 Mln Deal

Women’s healthcare company TherapeuticsMD, Inc. (TXMD), on Tuesday announced that it has entered into a definitive merger agreement, to be acquired by an affiliate of EW Healthcare Partners, a private equity firm dedicated to making investments in healthcare companies. The deal values TherapeuticsMD at approximately $177 million and has been unanimously approved by TherapeuticsMD’s Board of Directors. Upon completion of […]

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PotlatchDeltic To Buy CatchMark In An All-stock Deal

PotlatchDeltic Corporation (PCH), a forest products company, and CatchMark Timber Trust, Inc. (CTT), a real estate investment trust or REIT focused on prime timberlands, said they have inked a merger deal whereby PotlatchDeltic will buy CatchMark in all stock, at a premium. Following the deal, which is expected to be closed in the second half, CatchMark were trading up more […]

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International Game Technology To Acquire ISoftBet In EUR 160 Mln Cash Deal

International Game Technology PLC (IGT) announced Monday that it has entered into a definitive agreement to acquire iSoftBet, an igaming content provider and third-party game aggregator, for around 160 million euros in cash. The acquisition is expected to be completed during the second quarter of 2022, subject to the satisfaction of customary closing conditions. The iSoftBet portfolio contains around 125 […]

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Disney Asks Shareholders Reject Mini-tender Offer By Tutanota

Walt Disney Co. (DIS) late Monday said it recommends shareholders reject the unsolicited mini-tender offer by Tutanota LLC to purchase up to 240,000 shares of Disney common stock at a price of $143 per share in cash. According to the company, the offer is conditioned on the closing price per share of Disney’s common stock exceeding $143 per share on […]

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SBI Q3 net profit rises 62% to ₹8,432 crore, slippages zoom

Made additional provisions to address stress seen on the horizon, says Khara State Bank of India’s (SBI) net profit for the third quarter ended December rose 62.327% to ₹8,432 crore on account of an increase in interest income and lower provisioning due to better asset quality. It was SBI’s highest quarterly profit, Chairman Dinesh Khara said. “Overall, it is a […]

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