Electronic Arts (EA), known for popular games like The Sims and Madden NFL, has been acquired for $55 billion by Saudi Arabia's Public Investment Fund and partners including Jared Kushner's Affinity Partners. This deal, approved recently by the EU, takes EA private after 36 years as a public company. The acquisition reflects Saudi Arabia's growing interest in gaming and esports, while EA faces increasing competition and recent revenue stagnation. As a private company, EA will no longer report quarterly earnings, potentially reducing pressure to meet short-term targets, though past layoffs suggest cost management may continue.
Priority Technology Holdings is being taken private in a $1.6 billion deal led by its Chairman and CEO, Thomas Priore. The acquisition price is $8.05 per share, matching the analyst price target set by Lake Street, which downgraded the stock to 'Hold...
General Mills is set to report its Q3 2026 earnings with an expected 16.3% decline in earnings per share to $0.72 and revenue forecast around $4.35 billion, down from last year. Despite these declines, the company reaffirmed its full-year adjusted EP...
Boeing is experiencing ongoing production challenges with its 737 MAX aircraft, causing delays and a recent 3.7% stock drop. Jefferies lowered its price target to $265, still implying a 32% upside from current prices, reflecting cautious optimism. Ba...
Hedera Hashgraph (HBAR) has surged past the $0.09 resistance level and is targeting $0.10, with near-term resistance around $0.096-$0.098. Analysts highlight a possible move to $0.108 based on Elliott Wave analysis, while some see potential for a sig...
On September 21, Binance's derivatives platform experienced a surge in net taker volume, hitting $618 million within an hour as Bitcoin's price surged past $85,000. This spike reflected aggressive buying, causing over $400 million in short positions ...
