Deal Dispatch: Amazon Buys Globalstar, Instacart Grabs Instaleap, QVC Announces Bankruptcy
New On The Block
Polypeptide Group has announced it is conducting a review of strategic alternatives, including potential partnerships or a sale. The process, which is in coordination with majority shareholder Draupnir Holding B.V., is aimed at enhancing the company's value amid reports from private equity firms such as KKR and EQT.
Reviva Pharmaceuticals (NASDAQ:RVPH) announced it is evaluating strategic alternatives as the company seeks to maximize the value of brilaroxazine (a drug used to treat mental illness such as schizophrenia) and preserve optionality for its stockholders, the firm said in a letter to shareholders.
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Updates From The Block
Amazon.com Inc (NASDAQ:AMZN) entered into an agreement to purchase satellite operator Globalstar, Inc. (NASDAQ:GSAT) for $11.6 billion, in a move to accelerate its satellite internet business, Project Kuiper. The deal also includes a strategic partnership with Apple to continue supporting satellite capabilities for the Apple Watch and iPhone through Find My and Emergency SOS services, which already rely on Globalstar's network.
OpenAI acquired personal finance startup Hiro Finance. Terms of the transaction were not disclosed. Hiro founder Ethan Bloch announced the acquisition on LinkedIn, stating the company would be shutting down its operations on April 20.
Maplebear, which does business as Instacart (NASDAQ:CART), bought Colombian grocery technology firm Instaleap. The company will initially operate as a wholly owned subsidiary of Instacart, Bloomberg reported. Financial terms of the transaction were not disclosed.
Medical technology company Avanos Medical Inc (NYSE:AVNS) agreed to be acquired by American Industrial Partners (AIP) for approximately $1.3 billion. Avanos stockholders will receive ...
Source: Benzinga