Nvidia’s $20B Groq Deal Set to Redefine AI Hardware
Jensen Huang is on stage right now at GTC 2026. But the real story isn't the keynote — it's the $20 billion move Nvidia made on Christmas Eve that's about to reshape the entire AI hardware industry. Here's why the Groq acquisition might be the most important deal in tech since Nvidia bought Mellanox in 2020.
Activist Targets Keep Getting Re‑Targeted, Fortune Brands Example
It's amazing the recidivism rates among activist targets. Fortune Brands was one of the big activist breakups in the 2010s, everyone celebrated. Apparently, it needs another activist now. I guess what happened was like a bad home repair? https://t.co/zISRV2GETa
LNSR Spread Widens, Credit Line Hints at Deal Delay
$LNSR spread to the $14 cash offer back to ~40% after the latest update. Co disclosed a credit line allowing it to borrow up to $9.2m. Market seems to read this, together with the last update, as a signal that the...
Public Storage to Acquire National Storage in 0.14‑for‑1 Deal
Merger Monday…NationalStorage (NSA) a REIT (real estate investment trust)that operates storage facilities being bght by Public Storage(PSA)..also a REIT .. for 0.14 share of its stock per share of NSA
Shell Exits South Africa, Selling 600 Petrol Stations
Farewell Shell, this marks the end of their petrol stations in South Africa. 🇿🇦 Shell will be selling their downstream assets, which includes a network of roughly 600 petrol stations across the country.
Trump Claims Paramount-Discovery Merger Already Finalized
Looks like Trump already views Paramount's acquisition of Warner Bros Discovery as a done deal based on this infographic he shared on Truth Social https://t.co/xUKYoMv9hq
Abra's $846M Acquisition Highlights Digital Asset Wealth Management
Abra / New Providence Acquisition III deal overview Digital asset wealth management platform $846.3 million enterprise value Symbol $ABRX PR: https://t.co/PKIWSdVOsf IR deck: https://t.co/4K0equHQqD Disclosure: Long $NPAC shares + warrants in $ARB.to https://t.co/2X7jjFOvzd
LEG Merger Arb Spread Swells to 18% Amid Turmoil
$LEG merger arb is getting juicy. Deal is non-binding. Spread now ~18%. Spread went from ~6% → 18%, mostly on recent mkt turmoil. Mgmt gave $SGI long DD access, cancelled the conf call, and multiple execs just got CoC bonuses. Downside ~10% if...
UniCredit's €35bn Hostile Bid Meets Commerzbank Resistance
Good Morning from #Germany, where UniCredit has launched a €35bn hostile takeover bid for Commerzbank, offering a premium of just 4% over Friday’s closing price, acc to BBG calculations. Commerzbank's management is likely to rebuff UniCredit's €30.8 per share offer,...
Meta Follows Oracle; Watch OpenAI and Anthropic
Meta is the latest to “Do a Dorsey”. Oracle already did. Who’s next? Amazon, Google? The ones to really watch out for are OpenAI & Anthropic.
Asian Terminals Delisted After Maharlika Investment Acquisition
𝗠𝘆 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲 𝗘𝗾𝘂𝗶𝘁𝘆 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 "𝗔𝗧𝗜 𝗗𝗲𝗹𝗶𝘀𝘁𝗶𝗻𝗴 — 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗕𝗮𝗰𝗸 𝘁𝗼 𝗪𝗼𝗿𝗸" On 1 March 2026, I shared the notice regarding the delisting of Asian Terminals Inc. (Ticker: ATI). The development came after Maharlika Investment Corporation (MIC), the Philippines’ sovereign wealth fund,...
Evergreen Secures 47 Acquisitions in One Year
Yes... the holding company that has acquired 160 companies in nine years is Evergreen. Ramsey, the co-founder in the middle next to Alex and me, spends his time speaking with business owners and leading Evergreen’s new platform and add-on acquisitions. He was...
Fear Stems From Market Declines, Not Saba’s Bid
I’m genuinely interested in everyone’s thoughts. IMHO, what’s stoking fear @AcaciaCap isn’t our bid but the massive declines in everything from OTF, TCPC, FSK, OXLC, BPRE, the tripling of outflows for Cliffwater and Blue Owl, the frauds, the rise in...
New Investors Linked to Trump Back Major Media Deal
"Some of the new investors have ties to the administration: --> Larry Ellison, a co-founder of Oracle, is friendly with Mr. Trump and is backing the acquisition of Warner Bros. Discovery by his son, David Ellison, the chief executive of Paramount -->...
Redbird Execs Considered Buying Washington Post in 2023
Redbird’s Gerry Cardinale and Jeff Zucker expressed interest in buying Washington Post in 2023, per @nytimes: https://t.co/v5fCZ26uuf
Japanese Builders Accelerate U.S. Homebuilder Acquisitions
WOW. ANOTHER ONE. Japanese builders are rapidly acquiring U.S. homebuilders—striking their third deal in a month This week, Japan-based Hajime Construction agreed to buy Utah-based Wright Homes My latest for ResiClub: https://t.co/FgJwjNewbx
Government's 71% Fee Threat Sparks Outrage
Leaving aside the bad precedent (govt threatening to shut down a co unless it gets paid), the fee itself is kinda insane. The entire enterprise value was only around $14 billion. So this would be a 71% “banker’s” fee.
Paramount Skydance to Acquire BET+, Merge Into Paramount+
Paramount Skydance Buying Out Tyler Perry’s Stake in BET+; Streaming Service to Be Phased Out and Content Merged With Paramount+ https://t.co/Q19beETCv4 via @variety
Google's $32B Wiz Deal Analyzed on EquityPod
Thanks @shardul_shah for joining @EquityPod to break down Google's $32B Wiz acquisition. https://t.co/ZDi32DEnwx via @techcrunch
Irth Capital Eyes $47 Takeover Bid for PZZA
$PZZA is back in the rumor mill - This time Irth Capital is mentioned alongside Brookfield. - Irth already owns ~5% and reportedly tried to bid last year. - Rumored price: $47/share vs $36 today. - At ~10x EBITDA, there’s room for...
Sold for $500M, Bought Back for $1
This man pulled off the greatest heist in media history. In 2020, he sold Barstool Sports for $500+ million. Everyone thought he'd retire in peace. Instead, he turned around and bought it back - for $1. Here’s how he did:
Zim's Q4 Loss Raises Questions on Hapag‑Lloyd Acquisition
Zim. Q4 loss. What does that mean to buying them? If the union calms down, what is Hapag-Lloyd getting? A smart move? Or a mistake?
Acquisition‑Driven Holding Co. Hits $1.5B Revenue
There is a holding company acquiring technology services businesses. Since its founding in 2017, it has completed more than 150 acquisitions. Its highest annual acquisition volume has been as many as 47 companies in a single year. Today, the company generates $1.5...
Accenture’s M&A Signals New AI‑Driven GSI Era
Today's Thought: The M&A Signal Everyone Should Be Watching In 2015, Accenture acquired Cloud Sherpas. At the time, most people in the channel saw it as a Salesforce play. I saw it as something bigger: a signal that the world's...
Public Record Undermines Lazy Valuation, Raises Premium Bid Stakes
New on $MAPS: I think the public record is now strong enough to reject lazy, tape-anchored valuation—and strong enough to make a future “premium” bid answer much harder questions than management might like. Linked below. 1/2 https://t.co/ApS7y2tctJ
I Predicted Facebook’s Moltbook Acquisition in My Article
Facebook bought Moltbook. Just before the acquisition, I wrote an article for the Bulletin explaining exactly what they were buying. https://t.co/PQsZ0uKJ0B
Shanghai Stock Exchange Probes Zhenjiang's US Subsidiary Sale
Shanghai Stock Exchange queries Zhenjiang New Energy Equipment’s US subsidiary sale #energysky -- via pv-tech: https://t.co/IX0DXmPR5T
Google Abandons Pure‑fiber GFiber, Turns to DOCSIX Partner
D.C. Memo: Did @Google President Ruth Porat Decide the GFiber ‘Other Bet’ Wasn’t Working? GFiber opted to combine with a company in Astound Broadband that is 85% DOCSIS technology when plenty of pure-play fiber operators are still out there. What...
Analyst Predicts HPE Growth Surge Post‑Juniper Acquisition
Industry Analyst on HPE growth following Juniper Networks acquisition https://t.co/kGZAxKRnuP via @ein_news @jeffkagan #jeffkagan #industryanalyst #ictindustryanalyst #ai #aianalyst #aiindustryanalyst #analyst #analystrelations #wirelessanalyst #telecomanalyst #tech #technology #techanalyst #technologyanalyst #pr #publicrelations #pressrelease #marketing #ceo #cmo #caio #column #columnist #keynotespeaker #speaker #ces26 #ces2026...
Teamsters Demand DOJ Block Paramount‑Warner Deal without Job Safeguards
Teamsters Union Says DOJ Must Block Paramount’s Warner Bros. Takeover Unless There Are ‘Enforceable’ Job Protections https://t.co/omvw2m3xrr via @variety
M&A Promises Efficiency, yet Costs Millions with No Results
It's actually quite shocking how mergers and acquisitions – which in theory are "press button to win" operational efficiency gains – immediately go titsup after spending hundreds of millions of magic money, and nothing happens to anyone involved
Merger Arbitrage Yields Still Low, No Arbageddon Yet
While we're seeing panic in certain areas of the market (private credit), it has not translated to merger arbitrage, where the current average yield of 10.8% is far below a March 2020-type environment. Once we see arbitrage yields nearing 20%, then...
Warner Deal Deemed Pro‑Competitive, Boosts Creative Champions
All competition enforcers will find our deal is pro-competitive says Paramount Chief Legal Officer Makan Delrahim of Warner deal. This is opportunity to build a "true champion" for the creative community that can compete effectively global stage and streaming market.
Paramount Warns Netflix‑Warner Merger Threatens Hollywood Future
Paramount Chief Legal Officer Makan Delrahim says Netflix - Warner deal would have had "serious consequences for the future of Hollywood." A Paramount-Warner deal is about "increasing the amount of content."
Savills' $1.1B Eastdil Deal Forms Global Real Estate Powerhouse
Not just another #MandA. #Savills aims for #Eastdil's prestige as it pays $1.1B for #capitalmarkets giant. 'Creates a global #realestate powerhouse' #EastdilSecured #mortgage #CRE #investmentsales https://t.co/5wlSWrEAp5
Paramount's $110B Move Targets Rival, Says Antitrust Lawyer
“Paramount is spending 110 billion dollars to take out a rival” — antitrust attorney Ethan Litwin at Capital Forum conference.
Astound‑GFiber Merge Threatens AT&T, Comcast, Charter
Data from New Street Research shows that the proposed combination of Astound Broadband and GFiber will have the biggest competitive overlap with AT&T, Comcast and Charter. @Light_Reading https://t.co/jUVW6Uq9gE
California AG Warns Nexstar‑Tegna Merger Harms Competition
California AG Rob Bonta blasts proposed Nexstar-Tegna deal, saying if deal goes through a "a single massive company will have outsized influence" and consumers will suffer higher prices and less access to news and sports.
California AG Vows Tough Review of Paramount‑Warner Merger
CA AG Rob Bonta says his office will be vigorous in its review of Paramount - Warner deal. Concern of higher consumer costs, job loss, etc.
PRTH Still Cheap
$PRTH spread remains wide at 17% - Co just reported earnings, with rev and EBITDA in line with guidance - Expected a 19% slowdown from LDD in one of the segments, making the overbid thesis harder. - Yet, the bid still looks too...
Netflix M&A Aims to Fuel Engagement Through Games, Podcasts
What should be the business objectives behind any future M&A deal by Netflix $NFLX? @Adweek s Mark Stenberg (@MarkStenberg3) asked me for specific deal predictions. A few of my answers are in the On Background newsletter below, alongside some other smart...
Acquirers Are Already Courting Sellers—Be the Next Buyer
9 million businesses changing hands this decade the acquirer in your market is already calling owners already signing NDAs already in due diligence the sellers they close with this year were always going to sell to someone the only question was whether that someone was you
Simon Peckham Reverses Trend, Investing in UK Businesses
London’s capital markets have been dominated by overseas firms snapping up UK businesses. Simon Peckham is pushing in the other direction. https://t.co/8UIULznzFQ
Homestead Acquired, Launching New DTC Growth Platform
I started a little marketing agency 7 years ago called Homestead, named after the street I grew up on. I had the vision to build something special and looking back now, I think we did exactly that. Today I’m excited to...
RIA Valuations Dip as Earnouts Grow Longer
This is, indirectly, how valuation multiples for RIAs are starting to come down slightly. Because the headline number of "such-and-such got a certain multiple of EBITDA" isn't the walk-away-with-cash valuation, it's the valuation including post-closing growth contingencies. In the past, that...
Inside the CNN‑CBS Merger: Power Shifts and Trump’s Influence
NEW: The CNN–CBS Marriage Plot: • Will Bari Weiss expand her remit? • Who will actually run the network? • How much will David Ellison cut, and how will he cut? • And where does Trump factor in? https://t.co/BuiVS0srnq @PuckNews
Legora's $550M Raise Fuels Walter AI Acquisition
AI legal tech startup Legora, after raising $550M this week, acquires Walter, a Canadian based startup that builds AI agents that work within Microsoft Word and Outlook. Walter launched the AI agents after pivoting last September. The acquisition is believed...
Google Fiber Merges with Astound, Astound Becomes Majority Owner
If you were listening to my podcast you knew something like this was coming. @google 's @googlefiber merged with @astoundconnects with Astound being the majority owner. GFiber was on the market for quite some time. https://t.co/Ux7k40VGTJ
Databricks Buys Quotient AI to Boost Genie Tools
Databricks acquires startup Quotient AI, a software to diagnose and evaluate AI agents. Databricks plans to utilize the acquisition to improve its Genie Code and Agent Bricks tools. Quotient AI was founded in 2023 by Julie Neagu and Freddie Vargus. The...
SPACs Need Mergers, Not Just IPOs
My thoughts on the SPAC market today: “Not having mergers is certainly a negative because that’s what ultimately drives the entire sector. There’s no point in having a bunch of IPOs if you’re not going to see any material deal...