Pharma Is Ravenous for M&A Action but Late-Stage Supply Dwindles
Big pharma is intensifying its M&A hunt as the pool of late‑stage biopharma assets shrinks, turning deal processes into competitive auctions. Sellers are leveraging multiple inquiries to secure higher upfront cash and better terms, while unsolicited public bids—exemplified by the Pfizer‑Novo Nordisk tussle over Metsera—are becoming more common. Valuations have risen from pandemic‑inflated peaks to more realistic, yet still elevated, levels. The scarcity of Phase‑3 candidates forces companies to look earlier, targeting Phase‑2 pipelines.
Anduril To Acquire ExoAnalytic
Anduril Industries announced it will acquire ExoAnalytic Solutions, effectively doubling its space workforce. The deal adds ExoAnalytic’s 130‑plus engineers and a network of over 400 telescopes, enhancing Anduril’s space‑situational‑awareness (SSA) offerings for Department of Defense and Space Force customers. Anduril...
Sonida Senior Living Inc (SNDA) Q4 2025 Earnings Call Transcript
Sonida Senior Living announced a $1.8 billion merger with CNL Healthcare Properties, slated to close in late Q1 2026. The deal is positioned to upgrade the portfolio’s real‑estate quality, boost AFFO per share and cut leverage toward a six‑times target. In Q3 2025...
Do You Remember The '80s Cinnamon Roll Chain Acquired By Arby's In The '90s?
Founded in the early 1980s by Ted and Joyce Rice, T.J. Cinnamons expanded from a mobile bakery to 200 mall locations before Arby's acquired it in 1996. The acquisition was intended to leverage co‑branded bakery counters to attract customers during...
Logan’s Roadhouse Acquired by Multi-Concept Operator SSCP Management
Logan’s Roadhouse has been sold to SSCP Management, with the transaction closing on December 3. The acquisition adds more than 100 steakhouse locations across 22 states to SSCP’s portfolio, which already includes over 500 restaurants under various concepts. The deal follows...
Squid Game: Unleashed Studio Bossfight Returns After Netflix Closure
Bossfight Entertainment has re‑emerged as an independent studio after Netflix shuttered its operations in October 2025, leaving roughly 80 employees unemployed. The original founders—CEO David Rippy, CPO Bill Jackson and COO Scott Winsett—have re‑established the company in Dallas, Texas. Bossfight...
George Clooney Regroups with Casamigos Founders on New Nonalcoholic Beer
Hollywood actor George Clooney reunites with Casamigos co‑founders Mike Meldman and Rande Gerber to launch Crazy Mountain, a non‑alcoholic beer. The 65‑calorie lager and lime variants will debut in select markets in 2026, using a brewing process that never removes...
More Big Law Leaders, 'Open to Growth,' Are Willing to Consider Mergers
Big‑law partners are increasingly signaling openness to growth through mergers, a shift highlighted by recent high‑profile talks such as Ashurst‑Perkins Coie, Hogan Lovells‑Cadwalader, and Taylor Wessing‑Winston & Strawn. Data from ALM shows a surge in lateral moves whenever merger rumors surface, amplifying market volatility. Firms...
Tech Stack Standardization: The Operational Backbone of MSP M&A
Mergers among Managed Service Providers (MSPs) hinge on more than financials; aligning disparate technology platforms is essential for operational stability. Without tech‑stack standardization, firms face duplicated licensing, training burdens, and fragmented security that erode profitability. Unified solutions—such as N‑able’s RMM,...
NoMad’s Senton Hotel Trades Hands for $27M
Stayway Holding Group, linked to Lee Fung Fong and Henry Zheng, purchased the 71‑room Senton Hotel in Manhattan’s NoMad district for $27.2 million. The seven‑story property at 39 West 27th Street was sold by Calvin Kamuluddin, with Avison Young brokering the...
After Google Takeover, Intersect Spins Off Grid-Tied Power Business
Google announced a $4.75 billion cash acquisition of renewable‑energy developer Intersect, aiming to accelerate electricity generation for its expanding data‑center portfolio. Existing investors, led by TPG Rise Climate, have spun off Intersect’s grid‑tied power assets into a new independent power producer...
Bank Of America Lends A Hand To Nexstar
Bank of America, alongside undisclosed lenders, has arranged a leveraged loan to finance Nexstar Media Group’s proposed acquisition of TEGNA. The financing is intended to help Nexstar secure the deal that would make it the nation’s largest single owner of...
Kenya’s Parliament Committees Back $1.5 Billion Safaricom Stake Sale
Kenyan parliamentary Public Debt and Privatisation Committees have endorsed the government's plan to sell 15% of its Safaricom stake for KES204 billion ($1.5 billion). Proceeds will be funneled into a National Infrastructure Fund to finance roads, energy and other projects, easing fiscal...
Walmart Is Making a Big Change to Vizio TVs Now That Vizio Is a Walmart Private Label Brand
Walmart has fully integrated Vizio into its private‑label portfolio, making the brand exclusive to Walmart and Sam’s Club stores. New Vizio smart TVs now require a Walmart account during setup to unlock full streaming and personalization features, while existing owners...
Meta Acquires Moltbook, the Reddit-Style Platform Built for AI Agents
Meta has acquired Moltbook, a Reddit‑style platform designed for AI agents, and will integrate its founders into the company’s Superintelligence Labs. The purchase price remains undisclosed, with the transaction slated to close in mid‑March. Moltbook launched in late January to...
West Anderson Partners Acquires Graduate by Hilton Storrs
West Anderson Partners has completed the acquisition of the Graduate by Hilton Storrs, a 100‑room lifestyle hotel situated on the University of Connecticut campus. The property serves university visitors, alumni, athletic teams, and hosts campus events, positioning it as a...
Rising Amid Flurry of CAR T Deals, Stylus Proves Cell Therapy Is Not Dead
Stylus Medicine entered the cell‑therapy arena in May 2025 with an in‑vivo CAR‑T platform that delivers a lipid nanoparticle‑encapsulated recombinase to engineer T cells inside patients. The move comes after major pharma acquisitions—BMS buying Orbital Therapeutics for $1.5 billion and Gilead...
OpenAI Acquires Promptfoo as Enterprise AI Platform Wars Heat Up
OpenAI announced the acquisition of Promptfoo, a fast‑growing platform that automates testing and validation of large‑language‑model prompts. The deal, terms undisclosed, brings Promptfoo’s open‑source tooling and enterprise‑grade safety features under OpenAI’s product umbrella. By integrating Promptfoo, OpenAI aims to streamline...
Henkel Acquires Not Your Mother’s, Strengthening US Hair Care Portfolio
Henkel announced the acquisition of Not Your Mother’s, a U.S. hair‑care brand, along with its parent DeMert Brands, from private‑equity firm Main Post Partners. The move bolsters Henkel’s portfolio that already includes Schwarzkopf, Authentic Beauty Concept and Got2Be, targeting stronger...
Shell Sells Part of US Lubes Business to Monomoy for $1.3B
Shell PLC announced the sale of its Jiffy Lube International unit, including the Premium Velocity Auto franchise, to Monomoy Capital Partners for roughly $1.3 billion. The transaction covers more than 2,000 service locations across the U.S. and Canada and represents about 6.5%...
Private Equity’s Rising Use of RWI-Fueled Searchlight’s Euclid Exit
Searchlight Capital’s Euclid fund achieved a $4 billion distribution to its limited partners, defying a generally sluggish private‑equity exit environment. The performance was driven by a series of recent portfolio company sales that leveraged the firm’s revenue‑weighted investment (RWI) methodology. By...
Ardian to Add Italian Business to Self-Storage Platform; Bridgepoint’s Fera Science Makes Mineral Play
Ardian announced the acquisition of an Italian self‑storage business, adding it to its pan‑European platform. The deal gives the platform operations in Italy, complementing existing assets in France and the UK. Meanwhile, Bridgepoint’s portfolio company Fera Science, which provides scientific...
OpenAI to Acquire Promptfoo to Strengthen AI Agent Security Testing
OpenAI announced it will acquire Promptfoo, an AI testing startup whose tools detect adversarial prompts, jailbreak attempts, and safety violations in large language model applications. Promptfoo’s technology, already deployed by more than a quarter of Fortune 500 firms, will be integrated...
Ardian Acquires Majority Stake in Italian Self-Storage Operator Casaforte
Private equity firm Ardian has acquired a majority stake in Casaforte, one of Italy’s leading self‑storage operators. The transaction brings Ardian’s cumulative investment in self‑storage assets across Italy and France to more than €300 million. Casaforte’s portfolio includes over 30 facilities...
De Beers Sale Gets Cheaper, Though Not Easier
Anglo American slashed De Beers' balance‑sheet value to $2.3 bn, intensifying a sale that has lingered for two years. The diamond market is under pressure from lab‑grown stones, now accounting for up to 25% of jewellery sales and half of engagement rings....
Former Twitter Lawyer Says He Received Threats of ‘World War III’ over Musk Acquisition Deal
Former Twitter attorney Martin Korman testified that Musk's lawyer warned a forced completion would be "World War III to the end of time." He also disclosed attempts to resolve the bot‑account dispute, including offers for joint data‑science analysis that Musk...
Life EV Completes Acquisition of Rad Power Bikes
Life Electric Vehicles completed the purchase of Rad Power Bikes' assets for $13.3 million, a price roughly 99% below the e‑bike maker’s $1.6 billion peak valuation. The deal, finalized after Rad’s Chapter 11 filing, allows Life EV to retain the Rad brand in...
Cybersecurity M&A Roundup: 42 Deals Announced in February 2026
February 2026 saw a record 42 cybersecurity M&A announcements, highlighting intensified consolidation across the sector. Major deals include Arctic Wolf’s acquisition of Sevco Security, Check Point’s three AI‑driven purchases, and Palo Alto Networks’ $400 million buy of endpoint‑security firm Koi. Other...
Climb Global Solutions’ Interworks.cloud Deal Beefs Up European Footprint And ‘Fills A Gap We’ve Had For A Couple Years’: CEO
Climb Global Solutions announced the acquisition of Greek cloud distributor Interworks.cloud for roughly $9.4 million, adding over 600 managed service providers to its platform and extending its footprint into southeastern Europe. The deal fills a long‑standing gap in Climb’s cloud marketplace...
Side Letter: New Mountain’s Holt Halt
A former New Mountain Capital executive attempted to acquire five of the firm’s portfolio assets, but the bid collapsed after negotiations stalled. The breakdown highlights the growing importance of baseline economics in pricing trophy‑level private‑equity assets. Investors now treat valuation...
Hi-Chew Owner to Buy My/Mochi Ice Cream
Morinaga & Co., the Japanese maker of Hi‑Chew, announced an agreement to acquire My/Mochi, the United States' largest mochi‑ice‑cream brand, for an undisclosed sum. The deal gives Morinaga a full‑scale foothold in the fast‑growing U.S. frozen‑dessert market, leveraging My/Mochi’s $80 million...
The 1,550-Pound Gorilla – Part 4 of 5
The article examines the Union Pacific‑Norfolk Southern merger, describing it as a 1,550‑pound “gorilla” that will dominate U.S. rail markets. It estimates that 25% of 2 million truckloads—about 500,000 units—could shift to rail over 7‑10 years if rates justify the switch,...
World Briefs | UK Minister to Review Axel Springer’s Deal for Telegraph Media Group
British culture minister Lisa Nandy announced a review of Axel Springer’s £575 million purchase of the Telegraph Media Group under the UK’s public‑interest and foreign‑state‑influence media‑mergers regime. The EU is set to sign defence partnerships with Australia, Iceland and Ghana, while France...
Par Tech Faces Investor Pressure
Voss Capital, a 13.2% shareholder in Par Technology, has urged the point‑of‑sale software firm to explore strategic alternatives, including a sale. The call comes as Par’s stock has tumbled roughly 70% over the past year, eroding its ability to use...
Regnology Extends Balance Sheet-Centric Reporting Model with Wolters Kluwer FRR Acquisition
Regnology completed its acquisition of Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) unit on Dec 1 2025, merging its cloud‑first regulatory reporting platform with FRR’s finance and risk analytics capabilities. The deal expands Regnology’s footprint, especially in APAC, and adds a 330‑person...
Activist Investor Starboard Piles on Pressure for Lamb Weston
Lamb Weston, the global potato‑product supplier, is facing fresh activist pressure as Starboard Value, which now holds a sizable stake, urges a strategic review of its overseas operations. The New York‑based hedge fund recommends divesting select APAC assets and doubling...
Hilton Garden Inn New York/Tribeca Sells for $69M
The Generation Essentials Group, a subsidiary of AMTD Digital, acquired the Hilton Garden Inn New York/Tribeca for $69 million and rebranded it as the AMTD IDEA Tribeca Hotel. The deal, announced jointly by AMTD Group, AMTD IDEA Group and AMTD Digital,...
Hutchison Sells Out of Macau as Losses Mount
Hutchison Telecommunications sold its 3 Macau unit to CTM for HK$110 million, ending two decades of operations in the region. The Macau business posted a full‑year 2025 loss of HK$43 million, nearly double the prior year, contributing to an overall group loss...
UHS to Acquire Talkspace for $835M as Hospital Operator Pursues Behavioral Health Growth
Universal Health Services (UHS) announced an $835 million acquisition of virtual behavioral‑health platform Talkspace at $5.25 per share, a 10% premium. The deal brings roughly 6,000 clinicians into UHS’s network, addressing chronic staffing shortages that have limited growth in its behavioral‑health...
Paramount Could Face a High Cost for Changing CNN
Paramount Skydance is pursuing the acquisition of Warner Bros. Discovery’s portfolio, which includes the news network CNN. CNN projects $1.8 billion in revenue for 2026, making it a valuable asset. Critics warn that CEO David Ellison’s close relationship with former President...
EQB Nears Takeover of PC Financial Arm After Competition Bureau Approval
EQB Inc. received Competition Bureau clearance to acquire President’s Choice Bank and related PC Financial assets from Loblaw, moving the deal closer to completion. The transaction still requires sign‑off from the Office of the Superintendent of Financial Institutions and the...
Jenoptik Acquires Lithuanian ITS Business
Jenoptik’s Smart Mobility Solutions has acquired a Lithuanian intelligent‑transport‑system (ITS) business, integrating it with its long‑time partner Fima. The deal designates Fima’s Latvian subsidiary as a regional hub for sales, service and project management across the Baltics. The combined entity...
Gong Cha Takes Control of 170 US Franchises
Gong cha has purchased the rights to 170 U.S. franchise locations, spanning thirteen states, to bring those territories under direct company control. The move is part of a broader plan to standardize operations, strengthen supply chains, and accelerate the brand’s...
Winning an Exit: What Business Owners Can Learn From Meta's Billion-Dollar Manus Deal
Meta's $2 billion acquisition of Chinese AI startup Manus sparked criticism for overpaying, yet the deal highlights how strategic buyers can justify premium prices. The article argues that relying on comparable‑company analysis often undervalues a business’s future integration potential. It urges...
KKR Mulls Exit From Data Centre Cooling Specialist CoolIT
KKR is weighing a multibillion‑dollar sale of CoolIT Systems, a data‑centre liquid‑cooling specialist that it bought for roughly $270 million in 2023. The potential transaction could value the company at over $3 billion, reflecting the rapid shift of CoolIT from gaming‑PC cooling...
Epiroc Acquires South Africa-Based Parts Provider Eventspec Proprietary Limited
Epiroc announced the acquisition of Eventspec Proprietary Limited, a Johannesburg‑based mining aftermarket provider that manufactures spare parts for drill rigs, trucks and loaders. Eventspec, with roughly 120 employees, generated about ZAR280 million ($16.6 million) in 2025 revenue serving South African mining firms....
Virgin Media O2 Owner Eyes Broadband Deals to Take on BT Openreach
Virgin Media O2, the joint venture between Virgin Media and O2, is exploring new broadband packages aimed at challenging BT’s Openreach wholesale arm. The move seeks to capitalize on the company’s combined fiber and 5G networks to offer competitive speeds...
Pan African to Buy Out Aussie JV Partner in £163m Deal
Pan African Resources announced an all‑share deal worth £163 million to buy Emmerson Resources' 25% stake in the Tennant Creek joint venture, giving it full ownership of the Nobles gold mine. The transaction will issue 103 million Pan African shares, representing a...
MMG Eyes New Copper Projects in DRC as Global Expansion Strategy Accelerates
MMG Limited is actively scouting advanced copper projects in Africa, with a focus on the Democratic Republic of Congo, to broaden its portfolio amid soaring demand for energy‑transition metals. The miner’s 2025 results showed net profit soaring to $509 million, a...
Will Sling TV Be for Sale Soon?
Sling TV, a DISH/EchoStar subsidiary, introduced low‑cost daily Passes in 2025, attracting budget‑conscious cord‑cutters. Despite strong subscriber numbers—over 1.5 million—the parent’s strained balance sheet and costly 5G rollout have made Sling a non‑core asset. Analysts predict DISH may put Sling TV...