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Merger Acquisition

All articles tagged with #merger acquisition

Rocket Lab to Acquire Iridium, Creating a Fully Integrated Space Services Powerhouse
business13 days ago

Rocket Lab to Acquire Iridium, Creating a Fully Integrated Space Services Powerhouse

Rocket Lab will acquire Iridium for about $8 billion enterprise value, paying $54 per Iridium share in cash and stock, uniting Rocket Lab's launch and manufacturing with Iridium's global L-band network to form an end-to-end space company offering satellite services, IoT, D2D, PNT, and national-security capabilities, with closing expected in mid-2027 subject to approvals and financing; the deal expands recurring revenue and vertical integration in the space economy.

via PR Newswire|
#business#iridium#merger-acquisition
Fox and Roku Merge to Create a Streaming-Heavy Media Powerhouse
business27 days ago

Fox and Roku Merge to Create a Streaming-Heavy Media Powerhouse

Fox Corporation will acquire Roku in a cash-and-stock deal valued at $160 per Roku share (about $22 billion enterprise value), uniting FOX’s live sports/news and Tubi with Roku’s streaming platform, The Roku Channel, to create a scaled, open streaming ecosystem reaching over 100 million households. On a pro forma basis, the combined company would be the third-largest U.S. TV player by share of viewing. The deal is expected to close in the first half of 2027, with approximately $400 million in run-rate cost synergies, financed by a bridge facility and debt, and FOX shareholders will own about 73% of the combined entity while Roku shareholders hold about 27%. Roku founder Anthony Wood will join FOX’s board after closing.

via PR Newswire|
#business#fox-corporation#media
Sysco strikes $29B deal to buy Jetro Restaurant Depot, expanding into cash-and-carry
business3 months ago

Sysco strikes $29B deal to buy Jetro Restaurant Depot, expanding into cash-and-carry

Sysco will acquire Jetro Restaurant Depot in a roughly $29.1 billion enterprise transaction funded with about $21 billion of new debt plus equity and approximately $1 billion in cash/equity; Jetro shareholders will receive cash, Sysco stock representing about 19% of the company, and Jetro will operate as a standalone segment. Jetro runs 166 Cash & Carry warehouses in 35 states with 2025 revenue near $16B, EBITDA around $2.1B, and ~$1.9B in free cash flow. The Cash & Carry channel is a $60-70B market, and the deal is expected to be immediately accretive to Sysco’s adjusted EPS and low-to-mid-teens accretive in year two, with ~125+ new warehouses planned and approx. $250M in annual cost synergies within three years. The transaction will de-leverage Sysco and pause buybacks; closing targeted for Sysco’s fiscal 2027 Q3, with 2026 guidance reaffirmed (sales growth 3-5%, adjusted EPS $4.50-$4.60).

via Sysco|
#business#cash-and-carry#jetro-restaurant-depot
Netflix Converts WB Deal to All-Cash, Fast‑Tracks Shareholder Vote
business5 months ago

Netflix Converts WB Deal to All-Cash, Fast‑Tracks Shareholder Vote

Netflix and Warner Bros. Discovery amended their agreement to an all-cash deal worth about $82.7–$83 billion, with Netflix paying $27.75 per share. The revision speeds up the path to a stockholder vote (by April 2026), reduces Discovery Global’s net-debt burden, and keeps the planned spin-off on track, with closing expected 12–18 months after the deal was signed, all while rival bids from Paramount Skydance persist.

via Variety|
#all-cash#business#merger-acquisition