Acquisitions

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Illustration of Netflix executives shaking hands over Warner Bros. Discovery acquisition deal, with logos, $82.7B headline, and subscriber stats on a conference screen.
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Netflix to acquire Warner Bros. Discovery in $82.7 billion deal

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Netflix has agreed to buy Warner Bros. Discovery's streaming and movie studios business for an enterprise value of $82.7 billion, following a bidding war. The deal, pending regulatory and shareholder approvals, will combine Netflix's 301.63 million subscribers with Warner Bros. Discovery's 128 million. It promises cost savings and broader content access but raises concerns over market consolidation and impacts on theaters.

Toyota's plan to take its affiliate Toyota Industries private has ignited a clash with activist investors. The initial bid announced in June was sweetened this month by 15% to ¥18,800 per share, but U.S.-based Elliott Investment Management criticizes it as undervaluing the company significantly.

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GeoPark, a private oil company, announced the acquisition of exploration and production assets from Frontera Energy in Colombia for US$400 million. This deal will enable the firm to boost its output from 28,000 to nearly 70,000 barrels per day, projecting 95,000 barrels by 2028. It will position GeoPark as Colombia's largest private producer, accounting for 10% of national crude output.

Intel has signed a term sheet outlining its plan to acquire the AI chip startup SambaNova Systems. The agreement comes from two sources with direct knowledge, marking a significant step in the deal. This move highlights ongoing consolidation in the semiconductor industry.

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Netflix executives once debated bidding for Electronic Arts, Fox, and Disney, according to a Bloomberg report, before shifting focus to Warner Bros. The discussions stalled due to internal disagreements and worries about investor reactions. This comes amid larger industry mergers involving EA and Netflix.

Ripple has acquired crypto wallet provider Palisade to enhance its institutional custody and payments offerings. The deal integrates Palisade's wallet-as-a-service platform into Ripple Custody, targeting banks and corporates handling digital assets. This marks Ripple's fourth acquisition this year amid growing stablecoin payments.

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Mastercard executives sidestepped questions about a reported $2 billion deal to acquire crypto infrastructure firm Zerohash during their third-quarter earnings call. The card network emphasized a broad acquisition strategy without confirming the speculation. This comes amid accelerating mergers and acquisitions in the digital assets sector.

 

 

 

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