Mergers and Acquisitions

New On The Block GoPro (NASDAQ:GPRO) has retained Houlihan Lokey as financial adviser and Fenwick & West as legal counsel as it explores a potential sale and other strategic alternatives. The company previously disclosed that it had launched a review process following multiple unsolicited...

New On The Block Popular peanut butter and jelly brand J.M. Smucker (NYSE:SJM) hired Goldman Sachs to conduct a strategic review of its portfolio, sources told Axios Pro. As activist investor Elliott Investment Management ramped up pressure on Smucker, the company was reportedly weighing options...

Kraken has entered into a definitive agreement to acquire Reap Technologies, a stablecoin-native, card-issuing and payments infrastructure company, for up to $600 million payable in cash and stock. The transaction values Payward, the parent company of Kraken, at $20 billion and will expand the...

New On The Block Cigna CEO Brian Evanko stated that the insurer is exploring strategic options for eviCore, which manages medical claims and reviews prior authorization requests. Cigna also plans to stop selling health insurance plans to individuals starting in 2027, as the company “aims to...

New On The Block Rayonier Advanced Materials Inc. (NYSE:RYAM) is in the formal process of exploring strategic alternatives to maximize shareholder value. The company has hired Morgan Stanley as its financial advisor and Wachtell, Lipton, Rosen & Katz as its legal counsel in the process....

Global private equity exit volume decreased by 6.25% in the first quarter (Q1). The three-month period tallied 720 transactions. That’s down from 768 in Q1 2025. Aggregate transaction value, however, surged to $311 billion. Elon Musk‘s $250 billion deal between SpaceX and xAI, the top...

New On The Block Polypeptide Group has announced it is conducting a review of strategic alternatives, including potential partnerships or a sale. The process, which is in coordination with majority shareholder Draupnir Holding B.V., is aimed at enhancing the company's value amid reports from...

Payward, the parent company of Kraken, has signed a definitive agreement to acquire Bitnomial for up to $550 million, using a mix of cash and stock, putting the company’s equity at $20 billion.  Bitnomial is the first crypto-native exchange in the U.S. that holds all three Commodity...

OpenAI has acquired personal finance startup Hiro Finance, though the terms of the deal have not been disclosed.  The Hiro app has stopped accepting new users and will shut down on April 20, according to a LinkedIn post from founder Ethan Bloch. Existing users will have until May 13 to export...

Amazon.com Inc (NASDAQ:AMZN) has announced a definitive agreement to acquire Globalstar, a mobile satellite services operator, for $11.57 billion. This strategic move positions Amazon to directly challenge Elon Musk's SpaceX/Starlink in the rapidly growing satellite internet market. Through this...

Canada-based Cohere and Germany-based Aleph Alpha are in discussions regarding a potential merger. Merger talks began earlier this year and are now understood to be in the advanced stages. The company's plan for the new entity to be headquartered in both countries, Handelsblatt (newspaper) and...

New On The Block Playtika Holding Corp. (NASDAQ:PLTK)) is conducting a review and reevaluation of strategic alternatives across its portfolio to enhance shareholder value. The mobile gaming entertainment company tapped Morgan Stanley as financial advisor. Jorey Chernett delivered a letter to...

Institutional Shareholder Services (ISS), a prominent advisory firm, has recommended that investors back the acquisition of Warner Bros. Discovery (NASDAQ:WBD) by Paramount Skydance (NASDAQ:PSKY), while opposing the proposed golden parachute for executives. According to the proposal...

New On The Block Kanen Wealth Management has urged the board of Xponential Fitness to “immediately initiate and publicly announce” a formal review of strategic alternatives, including the sale of the company. After speaking with investors and the company’s “prolonged...

Apollo Global Management is in advanced talks to acquire private jet fixed-base operator Atlantic Aviation from KKR & Co. in a move that is expected to value the company at approximately $10 billion. The buyout may be made public in the coming days, although the process is ongoing and KKR could...