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BGSF announced that it completed the acquisition of Momentum Solutionz for a purchase price consisting of $3.78 million paid at closing and up to $2.22 million in earnout based on achieving certain performance targets in the first two years…
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Electronic Arts has decided to buy mobile game company Glu Mobile for $2.4 billion. Glu will receive $12.50 in cash for each Glu share held. The acquisition is expected to enhance EA’s mobile games portfolio while giving Glu access to EA’s…
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Zimmer Biomet revealed its plan to spin off its Spine and Dental businesses into an independent company to help the company enhance its focus on high priority areas. The company also posted earnings results that exceeded expectations.
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Chinese coffee chain Luckin Coffee has filed for Chapter 15 bankruptcy in the US which would protect it against lawsuits by creditors as it works on restructuring itself. Luckin Coffee was caught in an accounting fraud last year which led…
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Magnite has agreed to buy advertising platform SpotX from RTL Group for $1.17 billion through a combination of cash and equity. The combination will allow the merged entity to offer a wider set of CTV inventory to clients and become the…
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Biotechnology firm 23andMe has decided to go public via Richard Branson-backed SPAC, VG Acquisition Corp. The deal values 23andMe at $3.5 billion and the existing shareholders will own 81% of the resulting firm.
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Shares of Kia Motors Corp soared 14.5% after local media reported that Apple could potentially be investing $3.6 billion in the automaker to enter into the electric vehicles industry. The deal could be signed by February 17 and is expected…
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Jazz Pharmaceuticals has agreed to buy GW Pharmaceuticals for $7.2 billion through a combination of cash and equity. The product diversification from the merger is expected to result in double-digit revenue growth and to be accretive in the…
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Koss Corporation’s shares have skyrocketed 80% Monday and continued rising to double on Tuesday. The massive increase has been due to a tweet made by portfolio manager Will Meade which caused an uproar in the online Reddit community.
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General Electric slightly missed earnings forecasts but posted an exceptional free cash flow of $4.4 billion. GE expects earnings to rise between 15 cents and 25 cents per share in 2021. Shares soared 10% post the news.
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