Latest Corporate News
Allegiant Announces $1.5 Billion Acquisition of Sun Country Airlines
Allegiant (NASDAQ: ALGT) and Sun Country Airlines (NASDAQ: SNCY) agreed to a cash and stock merger valuing Sun Country at $1.5 billion, with shareholders receiving 0.1557 Allegiant shares and $4.10 cash per share, a 19.8% premium. The deal, approved by both boards, expects closure in H2 2026 pending approvals, creating a leisure-focused U.S. airline with Allegiant holders at 67% ownership.
TowneBank Completes $476M Acquisition of Dogwood State Bank
Suffolk-based TowneBank finalized its $476 million purchase of North Carolina's Dogwood State Bank, boosting assets to $22 billion and expanding to 70+ locations across Virginia, NC, and SC. Dogwood's branches will operate as a division until November 2026 system conversion, with former CEO Steven W. Jones joining TowneBank's leadership.
The merger follows recent TowneBank deals, enhancing its Hampton Roads market share.
JPMorgan Chase Kicks Off U.S. Earnings Season with Key Report
JPMorgan (JPM) reports Q4 earnings before market open on January 13, 2026, with focus on net interest income, loan volumes, and provisions amid high rates. Investors eye trading, investment banking results, and 2026 economic outlook as a benchmark for S&P 500 earnings season.
Strong figures could signal Wall Street resilience despite M&A and IPO slowdowns.
Apple Selects Google Gemini to Power AI Siri Launch
Apple chose Google's Gemini model to drive its AI-enhanced Siri, set for release this year. Elon Musk hinted at potential Google monopolistic practices in response.
This move highlights intensifying AI competition in consumer tech.
Creator Economy M&A Heats Up with Major 2025-2026 Deals
Bending Spoons acquired Vimeo for $1.38B; Later bought Mavely for $250M; Publicis Groupe snapped up Captiv8 and BR Media; Wonder got Tastemade for $90M. Early 2026 saw PMG acquire Digital Voices and Global buy The Overlap YouTube channel.
Agencies like Publicis and Omnicom eye more buys in influencer and social commerce amid VC surges.
Digital Health M&A Surges 61% to 195 Deals in 2025
Digital health funding reached $14.2B in 2025, with M&A deals jumping 61% to 195, led by digital health firms acquiring 66% of targets. AI companies captured the lion's share of investments at JPM26 conference insights.
The trend underscores booming consolidation in health tech.
Trump Threatens 25% Tariffs on Countries Dealing with Iran
President Trump stated any country engaging in business with Iran faces 25% tariffs. This escalates trade tensions amid gold/silver record highs and market volatility.
Bessent warned Fed investigations could spark turbulence, with Powell possibly resisting handover.
Paramount Advances $30/Share All-Cash Bid for Warner Bros. Discovery
Paramount updated shareholders on pushing its superior $30 per share cash offer for WBD, nominating directors and suing for disclosure against Netflix deal. The bid, fully financed, exceeds WBD's Netflix merger terms in value and certainty.
Paramount aims to amend bylaws requiring shareholder approval for network separations.
Sustainable Energy M&A Activity Ramps Up in Late 2025
Mirion Technologies acquired Paragon Energy Solutions for $585M; Nayax bought Lynkwell EV charging for $25.9M; Alexium got Microtek's PCM business for $2.17M. Deals bolster nuclear, EV, and clean energy supply chains ahead of 2026.
LandGate acquired Topos for renewable site data platform enhancement.
CommScope Completes Divestiture of Connectivity Unit
CommScope sold its Connectivity and Cable Solutions to Vistance Networks, effective January 14, 2026, transferring the CommScope brand. The move refocuses CommScope amid ongoing M&A in telecom infrastructure.
Details on proceeds undisclosed but part of strategic portfolio shifts.
Nasdaq China Golden Dragon Index Surges 4.2%
Chinese ADRs rallied with Alibaba up 10%, Bilibili 9%, XPeng 8%; Hong Kong stocks like Zhipu soared 31.4%. U.S. indices edged higher: Dow +0.17%, S&P +0.16%, Nasdaq +0.26%.
Sectors like oil/gas and lithium lagged amid global financial shifts.
BlackRock's Rick Rieder Eyed for Federal Reserve Chair Interview
U.S. media reports Trump to interview BlackRock executive Rick Rieder for Fed Chair role this week. This follows Bessent's turbulence warnings on Fed probes.
Signals potential shifts in U.S. monetary policy leadership.