Acquisitions/Mergers

Zendesk shares soar 35% after report of buyout deal

Zendesk Inc. ZEN, +1.29% shares soared 35% to $78.36 in after-hours trading Thursday following a report from The Wall Street Journal that the company is close to a deal with a group of buyout firms. A deal with a group that includes Hellman & Friedman LLC and Permira could be struck in the coming days …

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Elon Musk’s followers include a lot of bots

Elon Musk’s battle with bots on Twitter is personal. In the three weeks since Mr. Musk cited fake accounts as a reason for putting his planned $44 billion acquisition of Twitter Inc. TWTR, +0.63% “on hold,” observers and participants in the deal have puzzled over the thinking behind the tycoon’s comments. The issue isn’t new …

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Twitter shareholders sue Elon Musk, accusing him of manipulating stock

Twitter shareholders have filed a lawsuit accusing Elon Musk of engaged in “unlawful conduct” aimed at sowing doubt about his bid to buy the social media company. The lawsuits filed late Wednesday in the US District Court for the Northern District of California claims the billionaire Tesla CEO has sought to drive down Twitter’s stock …

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Twitter’s stock falls below where Elon Musk bought it, turning a $1.1 billion profit into a $40 million loss

Easy come, easy go, as shares of Twitter Inc. fell below where Elon Musk bought it, wiping out more than $1.1 billion in gains in four weeks. The social-media company’s stock TWTR, -5.55% sank 6.0% in afternoon trading Tuesday, toward the lowest close since March 16. It has tumbled 31.1% since it closed at a …

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VMware stock rallies 25% on reports Broadcom is weighing its third software acquisition in four years

VMware Inc. shares rally Monday as Wall Street chimed in on reports that Broadcom Inc. is looking for a threepeat when it comes to software acquisitions. VMware VMW, +24.78% shares surged to finish up nearly 25% at $119.43 for a market cap of $50.29 billion. Late Sunday, several news outlets reported that Broadcom AVGO, -3.10% …

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Broadcom reportedly in talks to buy VMware

Chipmaker Broadcom Inc. is in negotiations to buy enterprise cloud-computing company VMware Inc., according to multiple reports Sunday night. Bloomberg News, Reuters, the New York Times and the Wall Street Journal reported the ongoing talks but did not mention a purchase price; as of Friday, VMware VMW, +0.80% had a market cap of about $40.3 …

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Bitcoin records 7 consecutive weeks of losses. Could it turn around?

Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest and greatest in digital assets this week so far. Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we …

Bitcoin records 7 consecutive weeks of losses. Could it turn around? Read More »