Coinbase Discloses Restructuring Plan Amid Macro Headwinds, Pfizer Rebuts Generic Version Of COVID-19 Oral Treatment In China, Microsoft Mulls $10B Investment In ChatGPT Owner: Today’s Top Stories
Benzinga Coinbase Bows Down To Macro Headwinds, To Let Go Of 950 Employees Coinbase Global, Inc (NASDAQ: COIN) disclosed a restructuring plan letting go of 950 employees, helping it reduce its operating expenses by 25% amid the crypto meltdown. Coinbase looks to incur $149 million – $163 million in total restructuring expenses, consisting of $58 million […]
Oak Street Health Might Be Next On Radar As M&A Pick For CVS Health
Oak Street Health Inc (NYSE: OSH) shares are trading higher as CVS Health Corp (NYSE: CVS) is reportedly exploring an acquisition of primary care center operator. Bloomberg News reported on Monday, citing people familiar with the matter. The report added that no final decision has been made, and discussions could fall through. Oak Street operated 169 centers across the U.S., […]
Pfizer Mulls Strategic Options For Some Early-Stage Rare Disease Candidates
Pfizer Inc (NYSE: PFE) is reportedly exploring options for some early-stage candidates for rare diseases, including developing new viral-based gene therapies. Financial newspaper Barron’s first reported on Thursday. The U.S. pharma giant said these options included collaborations with other drug developers for these medicines or establishing a new company, with an aim to focus on “high-impact” […]
Over $400M Robinhood Stock Linked To Sam Bankman-Fried, Dell Eyes Reducing Dependence On China, Walgreens Swings To Quarterly Loss: Top Stories Today
Benzinga $465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department The U.S. 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. The prosecutors are not considering the 56 million Robinhood shares to be a part of the […]
ACI Worldwide Mulls Potential Sale To Private Equity
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 … Full story available on Benzinga.com Read More
Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal
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 billion. 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. Castleton … Full story available on Benzinga.com Read More
GSK Looking For Under-Appreciated M&A Targets, Not Trying To Be Next Roche Or AstraZeneca
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. Earlier this year, GSK acquired Sierra Oncology for $55 […]
Bloomberg Shows Acquisition Interest in Dow Jones, Washington Post
Media tycoon Michael Bloomberg has reportedly shown interest in acquiring either Wall Street Journal’s parent company, Dow Jones, or The Washington Post as he finds Dow Jones an ideal fit for expanding the media business. He is also targeting the Washington Post if Jeff Bezos is ready to sell it, which he acquired in 2013 … […]
Twitter Was Being Scammed $60M Every Year, Tesla Freezes Hiring, Netflix On Microsoft’s Acquisition Radar: Today’s Top Stories
Benzinga ‘Twitter Was Being Scammed $60M Per Year:’ Elon Musk On Why 2FA Is Not Working For Some Users Are you a Twitter user wondering why you are having problems logging into your accounts or changing passwords because of disruptions in two-factor authentication codes? Twitter chief Elon Musk has just cleared the air for you. During a live Spaces […]
Netflix Said To Be On Acquisition Radar Of This Tech Giant
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. What Happened: Software giant […]