Latest Corporate News
Citi Beats Q4 Earnings Estimates but Shares Slump
Citigroup reported fourth-quarter results beating estimates, yet shares slipped after hours due to concerns over regulatory requirements and cost-cutting progress. CEO commented on President Trump's cap on credit card fees. Investors rotated out of tech amid broader market shifts.
Warner Bros. Discovery Faces Rival Megadeal Bids
Paramount Skydance offered $74.3 billion for Warner Bros. Discovery, topping Netflix's $69.9 billion bid, with potential for revised offers. The fluid situation highlights media sector consolidation. President reportedly involved in facilitating the deal.
Union Pacific Announces $71.5B Acquisition of Norfolk Southern
Union Pacific's $71.5 billion deal to acquire Norfolk Southern marks major US freight rail consolidation. This megadeal contributes to rebounding global M&A in 2025 entering 2026. Expectations remain cautiously optimistic for larger deals.
Consortium to Acquire Electronic Arts for $49.4B
Silver Lake, Saudi PIF, and Affinity Partners are buying gaming firm Electronic Arts in a $49.4 billion deal, potentially the largest LBO ever. Driven by tech subsector focus amid AI boom. Financial investors target data centers and chips.
Alphabet Pursues $32B Acquisition of Wiz for Cloud Security
Tech giant Alphabet is acquiring software company Wiz for $32 billion to grow in cloud security. Part of AI-driven dealmaking in cybersecurity and infrastructure. Strategic acquirers active in tech value chain.
Bank M&A Acceleration Expected in 2026
Bank mergers to surge with faster regulatory approvals, potentially doubling 2025's 181 deals. Midtier banks consolidate amid competitive threats; states like Texas lead. Political windows before midterms spur activity.
BASF Acquires AgBiTech for Biological Insect Control
BASF is buying Texas-based AgBiTech from Paine Schwartz Partners to strengthen Brazilian market bio-solutions using virus technology for crops. Deal closes H1 2026 pending approval; complements BASF's portfolio amid agribusiness reshape.
Trip.com Faces Securities Fraud Probe in China
China regulators investigate Trip.com for alleged market dominance abuse in online travel, causing stock drop up to 18%. Adds uncertainty to competition and growth in core markets. Antitrust pressures hit sector peers like Ctrip.
TSMC Anticipates Record Q4 Profit on AI Boom
TSMC reports ~20% sales growth for December quarter, with consensus for record profit and 61% gross margin, highest in three years. Driven by AI spending; traders eye earnings amid chip demand. AI lifts tech stocks.
Bank of Korea Holds Rates, Shifts to Neutral Stance
BOK kept rates steady, signaling neutral policy outlook amid market watches. Goldman Sachs comments on policy; ties to broader Asia economic shifts. Japan producer prices rose less than expected.
Aligned Data Centers Acquired for $40B by AI Investors
Investor group including AI Infrastructure Partnership, BlackRock's GIP, and MGX buys Aligned Data Centers for $40 billion. Fuels AI data center demand in tech M&A surge. Highlights infrastructure needs.
Kimberly-Clark Eyes $42.8B Kenvue Acquisition
Kimberly-Clark plans to acquire consumer health maker Kenvue for $42.8 billion. Part of accelerating megadeals in 2026 M&A outlook. Cautious confidence post-2025 rebound.