Keyword → merger

Vertex Pharmaceuticals Acquires Crinetics for $85 Per Share — $10B All-Cash Deal Targets $5B+ Endocrinology Peak Sales

Vertex Pharmaceuticals agreed to acquire Crinetics Pharmaceuticals for $85 per share in an all-cash deal valued at approximately $10 billion, a 102% premium to Crinetics' Monday close. The deal, unanimously approved by both boards, adds PALSONIFY, the first approved once-daily oral acromegaly therapy, and late-stage atumelnant for congenital adrenal hyperplasia, with management targeting more than $5 billion in combined peak annual revenue. The transaction is expected to close in Q3 2026.

Comcast Sky Acquires ITV Media & Entertainment for Up to £1.6B — Combined Entity Controls 70%+ of UK TV Ad Market

Comcast's Sky has agreed to buy ITV's broadcast channels and ITVX streaming service for up to £1.6 billion ($2.13 billion), creating a combined entity that analysts estimate would control more than 70% of the UK television advertising market. ITV Studios — the production arm behind Love Island and Coronation Street — will be spun off as a standalone listed company. The deal arrives one week after Comcast outlined plans to spin off NBCUniversal, signaling an accelerating strategic pivot in global media consolidation.

Kroger Acquires Giant Eagle for $1.65 Billion — 197 Stores Across 5 States Expand Midwest Grocery Footprint

Kroger announced a definitive agreement to acquire Giant Eagle for $1.65 billion, comprising $1.25 billion in cash and roughly $400 million in assumed liabilities, adding 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The deal, which carries Giant Eagle's roughly $9 billion in annual sales, is expected to close in 2027. Kroger plans to finance the acquisition with cash while maintaining its $2 billion share repurchase program.

Shutterstock Plunges 28% as Getty Images Terminates $3.7 Billion Merger — UK CMA Editorial Divestiture Condition Rejected

Shutterstock fell 28% in premarket trading after Getty Images announced it will terminate their $3.7 billion merger agreement by July 6, refusing the UK Competition and Markets Authority's condition that Shutterstock divest its editorial business. Getty's board voted unanimously against the divestiture and will now pursue a special mandatory redemption of its 10.5% senior secured notes due 2030 while engaging a financial advisor to explore strategic financing alternatives.

Intel Stock Soars 9% to Record $129.84 — Trump Says Apple Will Design and Build Chips With Intel in the US

Intel shares surged more than 9% in premarket trading to a record near $129.84 after President Trump said Apple has agreed to design and build chips with Intel inside the United States. Neither company has formally confirmed the arrangement, but reports point to Apple's M7 chip running on Intel's new 18A-P process for the MacBook Air and entry-level iPad Pro starting in late 2027. The news lands two days after Intel disclosed that 18A-P entered risk production, giving the stock a second catalyst in the same week.

SpaceX Climbs 3.1% to $208 Today — Stock Extends Post-IPO Rally on $60B Anysphere Deal

SpaceX shares rose 3.1% to $208 in premarket trading today, extending the post-IPO rally that began when the company went public on June 12 in the largest listing in Nasdaq history. The move builds on Tuesday's announcement that SpaceX will acquire AI coding startup Cursor's parent, Anysphere, in a $60 billion all-stock deal. Analysts say the acquisition signals SpaceX's ambitions beyond rockets and into artificial intelligence, intensifying its rivalry with OpenAI and Anthropic.

Fox Corp Buys Roku for $22 Billion — Roku Shares Rise 2.8% While Fox Slides 9.5% on Deal Terms

Fox Corporation is acquiring streaming platform Roku in a cash-and-stock transaction valued at approximately $22 billion, or about $160 per Roku share. Roku shares rose roughly 2.8% to $147.74 in premarket trading, while Fox shares dropped about 9.5% to $53.33 as investors weighed the dilution from the deal. The combination gives Fox access to Roku's streaming platform, first-party viewer data, and over 100 million global households.

Paramount Wins $110.9 Billion Battle for Warner Bros. Discovery as Netflix Exits Bidding War

Warner Bros. Discovery's board formally determined that Paramount Skydance's sweetened $31-per-share all-cash offer — valuing the entire company at roughly $110.9 billion — represents a superior proposal over Netflix's prior bid. Netflix, rather than match the offer, chose to walk away, surrendering its shot at the HBO Max library and leaving Paramount poised to build the largest legacy media empire in U.S. history.

Raymond James to Acquire Clark Capital Management, Expanding Asset Management Platform

Raymond James Financial has agreed to acquire Clark Capital Management Group, a Philadelphia-based asset manager with over $46 billion in assets, in a strategic move to broaden its multi-boutique investment management footprint. The transaction, expected to close in the third quarter of 2026, will integrate Clark Capital’s wealth solutions and model portfolios into Raymond James’ global advisory and investment ecosystem, reinforcing its competitive position in advisor-focused channels.