-
Mar 1, 2024 | 
today.westlaw.com | Samrhitha Arunasalam |Devika Syamnath
(Reuters) -U.S. private equity firm Thoma Bravo has increased its offer price for Everbridge by $6.40 per share in cash, the companies said on Friday, valuing the software firm at about $1.8 billion. Under the new offer, Everbridge shareholders will...
-
Feb 29, 2024 | 
arizonadigitalfreepress.com | Samrhitha Arunasalam |Pooja Desai |Maju Samuel
Paramount Global fell short of Wall Street estimates for quarterly revenue on Wednesday but posted a surprise profit as streaming gains helped overshadow a weak advertising market, sending its shares up nearly 2% after the bell. The media industry has been grappling with a changing landscape of streaming gaining dominance over traditional television and the impact from Hollywood’s strikes last year, with a soft advertising market adding to the pressure.
-
Feb 29, 2024 | 
gurutrade.com | Samrhitha Arunasalam |Anil D'Silva
Feb 29 (Reuters) - AMC Entertainment slumped more than 10% on Thursday as the movie industry continued to reel from the impact of twin Hollywood strikes, driving the theater chain to post a larger-than-expected quarterly loss.
The writers and actors' strikes have crippled much of the industry, leading to fewer releases following the blockbuster summer successes of "Barbie" and "Oppenheimer."
The delay in the release of the "Dune" sequel likely contributed to the box-office weakness last year.
-
Feb 28, 2024 | 
today.westlaw.com | Samrhitha Arunasalam |Sriraj Kalluvila |Aditya Soni |Shounak Dasgupta
(Reuters) -Background screening services provider First Advantage will buy rival Sterling Check in a $2.2 billion cash-and-stock deal, the companies said on Thursday, seeking to navigate slowing demand due to the turbulent global economy.
-
Feb 26, 2024 | 
today.westlaw.com | Shinjini Ganguli |Sharon Singleton |Samrhitha Arunasalam |Anirban Sen
NEW YORK (Reuters) -Chipmaker Broadcom is selling a unit that allows users to access desktops and applications from any device to private-equity firm KKR in a $4-billion deal to streamline its portfolio after the $69-billion purchase of VMware last...
-
Feb 23, 2024 | 
gurutrade.com | Samrhitha Arunasalam |Sriraj Kalluvila
Feb 23 (Reuters) - Warner Bros Discovery reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on content generation.
Shares of the company, forged by the union of WarnerMedia and Discovery, tumbled nearly 12%, even as it beat Disney and Paramount to an inaugural annual profit for the streaming business. Shares of Paramount fell more than 5%.
-
Feb 13, 2024 | 
gurutrade.com | Samrhitha Arunasalam |Sriraj Kalluvila
Feb 13 (Reuters) - Canada's Shopify, topped Wall Street estimates for fourth-quarter revenue and profit on Tuesday, riding on demand for its ecommerce services from merchants during the holiday shopping season.
However, the company's U.S.-listed shares, which had more than doubled last year, fell nearly 8% in trading before the bell
"Shopify reported a strong quarter and exceeded revenue growth expectations.
-
Feb 7, 2024 | 
today.westlaw.com | David Gaffen |Samrhitha Arunasalam |Stephen Nellis |Medha Singh
(Reuters) -Arm Holdings shares surged more than 55% on Thursday, on track for their best day since a blockbuster market debut in September, powered by strong forecasts on demand for its technology to design chips for artificial intelligence features....
-
Feb 7, 2024 | 
independent.ie | Samrhitha Arunasalam
The Snapchat owner's results are in contrast to strong advertising sales that rivals reported, a sign that advertisers are gravitating towards larger, stable companies amid an uncertain economy. Snap, whose shares nearly doubled last year, was on track to lose roughly $9bn (€8.35bn) in market value, based on its share price of $11.98 on Wednesday, if pre-market losses hold. Rival Pinterest also fell nearly 4pc.
-
Feb 6, 2024 | 
businesslive.co.za | Samrhitha Arunasalam
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. The New York Times building is seen in Manhattan, New York, US. Picture: SHANNON STAPLETON/REUTERS The New York Times missed expectations for quarterly revenue on Wednesday, hurt by a slowdown in advertising sales and fewer customers signing up for its bundles.
