Zendesk Stock Soars on Report of Fresh Buyout Deal

Text size Pedestrians walk past the entrance to Zendesk headquarters in San Francisco. David Paul Morris / Bloomberg Zendesk soared early Friday after The Wall Street Journal reported the provider of cloud-based customer-service software was in takeover talks with a group of buyout firms. Zendesk (ticker: ZEN) jumped more than 53% to $ 88.95 in … Read more

Zendesk Close to Striking Buyout Deal, Sources Say

Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equity takeovers of the year. A deal with a group that includes Hellman & Friedman LLC and Permira could be … Read more

Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy

Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 53% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.India) is considering buying the cosmetics maker after it filed for bankruptcy. The news was reported by Business channel ET Nowwhich cited unidentified sources. Revlon (ticker: … Read more

Micron Stock Slumps After Downgrade. Why the Analyst Fears the Consumer.

Text size Dreamstime Micron Technology stock was slumping in premarket trading Friday after the memory chip manufacturer received the first Sell-equivalent rating since February. Piper Sandler analyst Harsh Kumar downgraded Micron (ticker: MU ) to Underweight from Neutral on Friday, citing concerns over the company’s oversize exposure to consumer markets that will struggle amid macroeconomic … Read more

Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio

Billionaire George Soros’ investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday. As disclosed in February, Soros’ fund had bought nearly 20 million shares of Rivian RIVN, + 9.88%, worth about $ 2 … Read more

Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock

Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini / AFP via Getty Images Text size Philip Morris’ potential acquisition of Swedish Match could mean bad news for Altria Group and its ability to keep its spot among the largest US-based tobacco companies, according to Bernstein. … Read more