Latest Corporate News
IMF Projects Steady Global Growth at 3.3% for 2026 Despite Trade Disruptions
The IMF's January 2026 World Economic Outlook update forecasts global growth holding at 3.3%, up 0.2 points from October estimates, driven by U.S. and China resilience. AI tech investments boost U.S. performance amid tariffs, though concerns rise over future debt financing for AI firms.
Projections were finalized end-December before major disruptions.
Playlist Merges with EGYM in $7.5 Billion Fitness Tech Deal
Baker Botts advised Playlist (parent of Mindbody, ClassPass, Booker) on its merger with Germany's EGYM, valuing the combined entity at $7.5 billion with $785 million new equity. Announced January 15, 2026, the deal awaits regulatory approvals.
It aims to lead in data-driven fitness technology.
Astria Therapeutics Stockholders Approve BioCryst Acquisition
Astria shareholders voted to approve its acquisition by BioCryst Pharmaceuticals on January 21, 2026, with closure expected around January 23 pending conditions. Astria focuses on biopharmaceutical development.
This bolsters BioCryst's portfolio.
Digital Asset Acquisition Corp. Plans Merger with Old Glory Bank for Nasdaq Listing
DAAQ will domesticate to Texas, rename OGB Financial, and merge with Old Glory Bank, targeting Nasdaq in 2026 to bridge traditional banking and crypto. Requires S-4 filing, approvals, and shareholder votes.
Promoted by co-founder John Rich.
Superior Energy Services to Acquire Abaco Energy Technologies
Kirkland & Ellis advised Abaco, a provider of downhole drilling tech, on its acquisition by Superior Energy Services, set to close Q1 2026. Enhances Superior's operations in drilling and remediation.
Global proprietary power section tech involved.
SEGG Media Raises $1.7M for Profitable Acquisitions
SEGG Media completed a $1.7 million offering to fund acquisitions like Veloce Media Group and Nook Holdings, focusing on cash-generative assets. Avoids dilution, targets 2026 growth in digital assets.
Includes Sports.com and Lottery.com development.