Key deals this week: xAI acquires X; bluebird bio, Nvidia, Dollar Tree and more
Seeking Alpha News (Sat, 29-Mar 3:15 PM)
Here's a list of key deals reported across sectors this week:
Elon Musk disclosed late on Friday that his generative artificial intelligence startup xAI has acquired his social network X in an all-stock deal.
bluebird bio (NASDAQ:BLUE) said it has received an unsolicited offer from Ayrmid Pharma to buy the company for a sum significantly higher than a take-private deal from private equity firms The Carlyle Group (NASDAQ:CG) and SK Capital Partners in February.
Nvidia (NASDAQ:NVDA) is said to be nearing a deal to acquire Lepton AI, an artificial intelligence startup that rents out servers powered by Nvidia’s AI chips.
Dollar Tree (NASDAQ:DLTR) has agreed to divest its Family Dollar business segment to private-equity investors Brigade Capital Management and Macellum Capital Management for $1,007.0 million.
Brand management firm Marquee Brands is in exclusive discussions with Levi Strauss (NYSE:LEVI) to purchase the Dockers brand.
U.S. telecom AT&T (NYSE:T) is in discussions to buy the consumer fiber business of Lumen Technologies (NYSE:LUMN).
VivoPower International (NASDAQ:VVPR) +215.9% in Monday's trading after saying it received an unsolicited non-binding, all-cash takeover proposal from Abu Dhabi headquartered Energi Holdings Ltd. at a $120M enterprise value.
Golden Ocean (NASDAQ:GOGL) rose 3% amid a report that CMB.Tech (NYSE:CMBT) may be working on a deal for the dry bulk shipper.
More on M&A tickers, etc.
- Nvidia's $185 Technical Setup: Blackwell Could Trigger The Breakout
- Dollar Tree: Uncertain After Selling Family Dollar On The Cheap
- Lumen Technologies Is Playing A Waiting Game (Rating Upgrade)
- Dow’s decline: Biggest losers and winners as blue-chips index faces Q1 loss
- bluebird bio sees higher offer for company from Ayrmid Pharma