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Tuesday, January 26, 2021

ConocoPhillips to purchase shale rival Concho for $9.7 billion; shares down

ConocoPhillips (NYSE: COP) announced its plans to acquire its major shale rival Concho Resources (NYSE: CXO) for $9.7 billion in an all-stock transaction. The stock price...

Clover Health attracts Chamath Palihapitiya with AI, inks $3.7 billion SPAC deal

Chamath Palihapitiya, the Canadian-American billionaire venture capitalist disclosed his newest target, Clover Health Investments, a Medicare Advantage insurance provider backed by Alphabet (GOOGL: NASDAQ).  On...

Chevron-Noble deal finalized with 90 percent shareholder approval

After months of prolonged talks, Noble Energy's shareholders voted with a sweeping majority of 90% to approve Chevron's $4.1 billion all-stock transaction to take...

Bristol Myers Squibb to Acquire MyoKardia for $13.1 Billion

Bristol Myers Squibb (NYSE: BMY) announced that it will buy MyoKardia Inc. (NASDAQ: MYOK) for $13.1 billion or $225 per share in cash. The...

Controversial former Uber VP Emil Michael files for $250M blank check company

Emil Michael, former Senior Vice President at Uber Technologies (NYSE: UBER) formed a $250 million blank check company also known as a special purpose...
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Playboy Going Public Again After SPAC Deal

Playboy Enterprises, Inc. is hoping to arouse investors in a new way in the not too distant future. Founded in 1953 by sex symbol Hugh...

Devon Energy enters into talks with WPX over $6 billion merger deal

Devon Energy Corp (NYSE: DVN) reportedly entered into talks with WPX Energy Inc (NYSE: WPX) over a possible $6 billion all-stock merger between the...

Warren Buffett’s Berkshire Hathaway believes E.W. Scripps can deliver long-term value to shareholders

Berkshire Hathaway, the multinational conglomerate controlled by legendary billionaire investor Warren Buffett, invested $600 million in E.W. Scripps Company (NASDAQ: SSP), the fourth-largest independent TV...
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Peter Thiel starts a $575 million SPAC called Bridgetown Holdings

Peter Thiel, co-founder of PayPal Holdings, Inc. (NASDAQ: PYP) and Palantir Technologies is involved in a new special purpose acquisition company (SPAC). Thiel is known...
Microsoft to buy ZeniMax Media and Bethesda

Microsoft to buy ZeniMax Media for $7.5 billion 

Microsoft Corporation (NASDAQ; MSFT)  announced its plan to purchase ZeniMax Media and its game publisher Bethesda Softworks for $7.5 billion. The price tag acknowledges that Bethesda...

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Microsoft (MSFT) Shares Climb on Better-Than-Expected Financial Results

The stock price of Microsoft Corporation (NASDAQ: MSFT) increased on Tuesday after reporting its second-quarter financial results that exceeded the estimates of Wall Street...