auction

New On The Block Raymond Zage and James Lu, the 60% stakeholders of Grindr, want to take the dating app private. Semafor states that the pair is in talks with Fortress Investment Group for debt financing to acquire Grindr, potentially at around $15 per share. That’s an estimated $3 billion...

New On The Block Confluent Inc. (NASDAQ:CFLT), a California-based data streaming company, is exploring a potential sale after drawing interest from several private equity firms and tech companies. According to Reuters, the company has engaged an investment bank to advise on the early-stage process...

New On The Block The pitch of turning car-sharing into a profitable business was loud in the early 2000s. Companies like Zipcar were taking off. Since then, they began to resemble a flat tire. Take, for example, Free2move. It wasn’t a profitable venture for owner Stellantis. As a result, it...

New On The Block Six Flags Entertainment Corp. (NYSE: FUN) insists it has plans to boost attendance and reduce costs. But activist shareholder Land & Buildings Investment Management got specific on Friday, Sept. 26: spin off Six Flags' real estate into a REIT or sell it outright, unlocking...

A late-night comedy show's cancellation has reignited deal drama, with reports of tit-for-tat maneuvering between major corporations and regulators holding the power to say yea or nay to M&A activity. Before ABC pulled “Jimmy Kimmel Live,” Federal Communications Commission (FCC)...

New On The Block Siemens Healthineers is chatting with major private equity firms about a potential sale of its diagnostics business. According to Bloomberg, Blackstone, CVC, KKR, and Montagu are interested. The segment is valued at over €6 billion ($7 billion). The company’s imaging and...

New On The Block Safran (PARIS:SAF) has a few assets on the auction block. First, the French aerospace and defense group is considering a divestiture of its aircraft interiors business. The Financial Times expects the deal could fetch €1.5 billion. Separately, the company is seeking a sale of its...

New On The Block Bain Capital's Chindata China data center business boasts a valuation of about 30 billion yuan ($4.2 billion). Bloomberg reports that the potential buyers include Range Intelligent Computing, ByteDance, Guangdong HEC, Youzu Interactive, Beijing Capital and Inesa Group. Discussions...

New On The Block OpenAI isn’t for sale. However, a $97.4 billion offer is hard to ignore. That’s the number Elon Musk asked fellow billionaire Mark Zuckerberg to help him reach to buy the parent company of ChatGPT. Neither Zuckerberg nor Meta Platforms, Inc. (NASDAQ:META) ultimately...

New On The Block Francisco Partners is reportedly testing the waters for a multibillion-dollar sale of BeyondTrust Software. This Georgia-based cybersecurity firm has about $500 million in annual recurring revenue and could command a price anywhere from five to 20 times sales. The sale process is...

New On The Block Performance Food Group (NYSE:PFGC) is typically the buyer in deal talks, having recently inked the $1.8 billion acquisition of Cheney Brothers, a move aimed at expanding its distribution reach. Recently, it’s been a target. US Foods (NYSE:USFD) made a takeover approach,...

New On The Block MEG Energy is officially on the auction block, and the oil sands drama is heating up like a rig in August. According to the Financial Post, the $6.8 billion company has set a Monday deadline for bids. Cenovus Energy is in the lead, despite still lugging around an immense amount of...

New On The Block Tylenol and Listerine maker Kenvue Inc. (NYSE:KVUE) just named board member Kirk Perry as interim CEO, replacing Thibaut Mongon, as part of a strategic review to boost shareholder value. The company, once a part of Johnson & Johnson (NYSE:JNJ) and now a top-five favorite in...

GameStop Corp. (NYSE:GME) is auctioning off a notorious stapler that caused damage to Nintendo Switch 2 screens. What Happened: The company’s CEO, Ryan Cohen, has added a personal touch to the auction, promising to include his underwear and even personally deliver the items if the bidding...

New On The Block Abry Partners hired JPMorgan Chase to find a buyer for physician social network Sermo, Axios reports. Bids are expected to be between $600 million and $800 million. Boston-based Abry first invested in Sermo in 2019. Verint Systems Inc. (NASDAQ:VRNT), a provider of call center...