The year 2021 turned out to be a record-breaking year in the history of mergers and acquisitions. Worldwide, deals worth a total of $5.7 trillion were concluded. The most high-profile acquisitions included Microsoft’s purchase of video game developer Activision Blizzard for $68.7 billion and Broadcom’s acquisition of cloud solutions developer VMware for $61 billion (including debt, which at the time amounted to $8 billion). Elon Musk also made headlines with his $44 billion purchase of Twitter. Additionally, Amgen bought pharmaceutical manufacturer Horizon Therapeutics, ProLogis acquired warehouse operator Duke Realty, and many other smaller deals – ten billion here, twenty there. What’s the gist? Both the number and volume of these deals are significant. Partly, the amounts are increasing due to inflation, but such deals are generally a sign that even huge companies are confirming the trend of merging and becoming even larger. The consolidation of corporate power into monopolies drives up prices and reduces quality. So why is no one fighting against this? submitted by /u/XGramatik [link] [comments]
Day: June 18, 2024
Dell Technologies climbs +8%
submitted by /u/XGramatik [link] [comments]
$13bln 20y auction stops thru a chunky 2.8bp (prior 0.2bp stop thru, 6-auction avg 0.1bp tail)
TREASURY WI 20Y YIELD 4.480% BEFORE $13 BILLION AUCTION U.S. 19-YR 11-MO BONDS DRAW 4.452%; ALLOTTED AT HIGH 97.08% submitted by /u/XGramatik [link] [comments]
Filecoin drops -13% to its lowest value since 2023.
submitted by /u/XGramatik [link] [comments]
BofA FMS – sentiment most bullish since Nov 21; cash levels 4% = 3y low; 73% say no recession; 1st Fed cut seen in Sep; long Mag 7 most crowded trade; higher inflation biggest tail risk; most U/W bonds since Nov 22; biggest O/W EU equity since Jan 22
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Nvidia’s continued rise has led to a key ETF’s rebalancing, and Broadcom looks set to split its stock.
submitted by /u/XGramatik [link] [comments]
Ironically, it will be the very behaviors that define our humanity that will pop the valuation bubble inflated by AI
submitted by /u/XGramatik [link] [comments]
Who need this, anyway
submitted by /u/Aftermebuddy [link] [comments]