Novartis has agreed to acquire immunology biotech Excellergy for $2 billion, marking its second major deal in a week. The move strengthens its pipeline in next-generation allergy treatments.
Netflix exited its months-long pursuit of Warner Bros. Discovery after Paramount Skydance submitted a higher $31-per-share offer. Netflix shares jumped more than 10% as investors welcomed the decision and a $2.8 billion breakup fee.
SpaceX has officially announced the acquisition of Elon Musk’s artificial intelligence company xAI, framing the move as a step toward accelerating humanity’s technological future. The deal brings together space infrastructure and AI development under a single corporate umbrella.
SpaceX is in talks to merge with Elon Musk’s artificial intelligence startup xAI ahead of a planned public offering, according to Reuters. The deal could pave the way for the largest IPO in history and significantly boost Musk’s personal wealth.
After selling his family-owned manufacturing company, the CEO of Fibrebond surprised employees with a $240 million bonus pool, turning a corporate exit into a rare wealth-sharing moment.
Nvidia has agreed to acquire AI chip startup Groq for about $20 billion, marking the largest acquisition in its history as it accelerates its push to dominate next-generation AI hardware.
Honda has agreed to acquire LG Energy Solution’s battery manufacturing assets in Ohio for $2.9 billion, strengthening its control over electric vehicle production in North America.
Nestlé has sold its remaining 40% stake in European meat brand Herta, fully exiting the joint venture as it sharpens focus on core food categories.
Electronic Arts shareholders have approved a $55 billion takeover by Saudi Arabia’s sovereign wealth fund, marking one of the largest deals in gaming history and deepening the kingdom’s push into global entertainment.
Netflix has agreed to buy Warner Bros. Discovery for $27.75 per share in a deal valuing the transaction at $82.7 billion. The acquisition includes the Warner Bros. film studio and HBO Max, while WBD’s TV networks will be spun off separately.
Prada has finalized its $1.4 billion purchase of Versace, bringing the iconic fashion house under its umbrella after years of pursuit and securing full regulatory approval.
Netflix has reportedly made a largely cash offer to acquire Warner Bros. Discovery in a deal valued at roughly $59 billion, positioning the streaming giant to gain control of HBO, CNN, and the Warner Bros. film studio.
Goldman Sachs agreed to purchase Innovator Capital Management for about $2 billion, adding 159 defined-outcome ETFs and $28 billion in supervised assets to its expanding asset management business.
Puma shares jumped sharply after reports that Anta Sports and other Asian athletic brands are exploring a potential acquisition of the German sportswear company.
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.