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Morgan Stanley beats profit estimates on dealmaking windfall
Morgan Stanley beat profit estimates as investment banking revenue jumped 47% on a surge in M&A and debt underwriting.
TowneBank completes $476M acquisition of Dogwood State Bank
Suffolk-based TowneBank announced Monday that it has completed its $476 million acquisition of North Carolina-based Dogwood State Bank.
McLean’s 22nd Century Technologies acquires Reston-based BT Federal
22nd Century Technologies has completed its acquisition of BT Federal, expanding managed network services for U.S. government clients.
EAB acquires UK-based AI marketer
EAB, which has a significant presence in Henrico County, has acquired U.K.-based Hybrid to expand AI-powered digital marketing services for colleges and universities.
Acquisition of Elephant Insurance completed
Admiral Group completes sale of Henrico County-based Elephant Insurance to J.C. Flowers, marking new ownership for the U.S. auto insurer.
BigBear.ai completes $250M Ask Sage purchase
BigBear.ai announced Wednesday that it has completed its $250 million acquisition of Ask Sage, a Warren County-based company.
Nvidia in talks to buy Israeli AI startup AI21 for $3B
JERUSALEM, Dec 30 (Reuters) – Nvidia is in advanced talks to buy Israel-based AI startup AI21 Labs for as much as $3 billion, the Calcalist financial daily reported on Tuesday. Nvidia declined to comment, while AI21 was not immediately available to comment. A 2023 funding round valued AI21 at $1.4 billion. Nvidia and Alphabet’s Google […]
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 (Reuters) – A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, […]
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 (Reuters) – A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short. There have been $463.6 billion in mergers and acquisitions announced this month, […]
CACI to buy Arka Group for $2.6B
CACI International announced Monday that it has entered an agreement to acquire aerospace and defense company Arka Group for $2.6 billion.
Burke & Herbert to acquire Pa. bank in $354M deal
Alexandria’s Burke & Herbert Financial Services anticipates acquiring Linkbancorp in an all-stock transaction worth about $354.2 million.
Trump Media bets on fusion energy with $6 billion TAE deal
Dec 18 (Reuters) – U.S. President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding. The all-stock deal announced on Thursday is an ambitious bet […]
