Latest Corporate News
Mixed Week Ends Bullish for Tech Stocks
Last week, Dow Jones fell 0.7%, S&P 500 was flat up 0.1%, while Nasdaq gained 0.5%, with bullish end for tech. Sophic Client Plurilock announces $2.4M licensing with Nasdaq-listed semiconductor firm. Amazon in talks for $10B OpenAI investment amid circular deals.
ServiceNow Shares Drop 10% on $7B Armis Acquisition Report
ServiceNow's stock fell 10% after reports of advanced talks to buy cybersecurity startup Armis for $7B, following Veza acquisition. Armis hit $300M annual recurring revenue. This enhances ServiceNow's IT and security capabilities.
Coursera to Acquire Udemy for $950M in Stock
Coursera will buy rival Udemy for $950M in stock to gain scale against AI threats to online learning. Both firms saw slowed growth, with Udemy's revenue up just 1.5% in nine months. The deal aims to boost competitiveness.
Salesforce Acquires AI Marketing Startup Qualified for Up to $1.5B
Salesforce agreed to buy Qualified, aiding sales lead generation from websites, for $1-1.5B. Terms undisclosed officially. This bolsters Salesforce's customer tools.
Oracle Secures $150B in Data Center Leases
Oracle signed $150B in data center leases in Q3 ending November, preparing for cloud deals like with OpenAI. Total commitments reached $248B by Nov. 30 for data centers. Leases start through fiscal 2028.
2025 Sees Record 63 Mega Mergers Over $10B
Global mega deals hit 63 worth $10B+ through late November, surpassing prior highs. Key ones: Union Pacific-Norfolk Southern $85B, Netflix-Warner Bros. $82.7B. Many announced post-tariff concerns.
Private Equity Deal Volume Nears $2T in 2025
Global PE volume expected at $2T by year-end, highest since 2021. Notable: Thoma Bravo's $12.3B Dayforce, $55B Electronic Arts LBO, $18.3B Hologic LBO. Activity surged.
BioMarin to Acquire Amicus Therapeutics for $4.8B
BioMarin's $4.8B acquisition of Amicus at $14.50/share offers 30% premium, boosting rare disease pharma. Stock surged 30%; closes Q2 2026. Second major buyout this year.
Cursor Acquires AI Startup Graphite
Leading AI platform Cursor signed to acquire Graphite startup on Dec 19. Enhances AI development capabilities. Deal announced definitively.
Launchpad Cadenza Acquisition Corp Completes $230M IPO
SPAC Launchpad Cadenza completed $230M initial public offering on Dec 19. Positions for future acquisitions. Press release via GlobeNewswire.
Shipping Stocks Hit by Trump's Tariffs
Global shipping stocks challenged by President Trump's substantial tariff announcements. Impacts maritime trade significantly. Stocks facing headwinds today.