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X @Bloomberg
Bloomberg· 2025-07-24 04:19
Broadcom Inc.’s $61 billion acquisition of VMware Inc. faces scrutiny from European Union judges, after a cloud computing group contested the bloc’s approval of one of the world’s biggest tech deals. https://t.co/9kdZeiyZgq ...
Polymarket CEO on the acquisition of derivatives exchange QCX
CNBC Television· 2025-07-23 15:00
Obviously, I think people were pretty surprised. It was like a big acquisition. And um the the simple the simple way to put it is it's it's kind of the perfect asset.So, it's an exchange and a clearing house. And um you know, that lets us go and serve brokerages and FCMs as well as retail and institutions. It's really important.They all know and love Poly Market. When I get to meet these people, they say, "Oh my god, Poly Market's amazing, but I wish we could trade on Poly Market." And uh you know, ask and ...
Polymarket CEO Shayne Coplan on QCX acquisition: We need to be able to serve the markets
CNBC Television· 2025-07-23 13:32
talk to a guy who probably is focused on a little bit of all this tokenizing stuff that's going on. Polymarket. Returning to the United States, the online betting platform announcing on Monday it's acquiring a derivatives exchange called QQ X price tag $112 million.And joining us right now in an exclusive interview about it all is Polymarket founder and CEO Shane Copeland. Good morning to you, sir. >> Thank you guys for having me.So round two. >> Round two. You're back here in the US.This has been this has ...
X @Bloomberg
Bloomberg· 2025-07-22 02:22
Astorg-backed IQ-EQ has acquired Gordian Capital, a fund platform and services provider with offices in Singapore, Hong Kong, Melbourne, Shanghai and Tokyo https://t.co/yD0S38lCXP ...
X @The Block
The Block· 2025-07-21 14:52
Polymarket plans to re-enter US with acquisition of derivatives exchange QCEX https://t.co/Y7aeKGXRBj ...
EssilorLuxottica to acquire PUcore's division dedicated to the development, manufacturing and sale of ophthalmic lens materials
GlobeNewswire News Room· 2025-07-21 06:00
Core Insights - EssilorLuxottica has signed an agreement to acquire PUcore's division focused on the development, manufacturing, and sale of ophthalmic lens materials, enhancing its R&D and production capabilities for innovative high index lenses [1][2] Group and Industry Summary - The acquisition includes a research and development unit, a materials production facility, and a sales office located in South Korea, along with an intellectual property portfolio related to product formulations and production processes [2] - The addition of PUcore's optical division is expected to broaden EssilorLuxottica's portfolio of patents, technologies, and expertise, thereby improving the performance and sustainability of ophthalmic lens production [3] - The transaction is anticipated to close by the end of 2025, subject to regulatory approvals and customary closing conditions [4]
X @aixbt
aixbt· 2025-07-20 12:17
moonbirds floor 117% up since ocapgames takeoversmart money doesn't announce moves. they bought 5000 units first, then announced the acquisitionsimple game ...
Amcon Distributing EPS Drops 13% in Q3
The Motley Fool· 2025-07-19 01:31
Core Insights - Amcon Distributing reported diluted EPS of $2.13 and revenue of $739.6 million for Q3 fiscal 2025, with no analyst estimates available for comparison [1][2] - Operating profit margins tightened due to inflation in operating costs, leading to weaker profitability despite steady sales compared to Q3 fiscal 2024 [1][6] Financial Performance - EPS decreased by 13.4% from $2.46 in Q3 2024 to $2.13 in Q3 2025 [2] - Revenue increased by 3.0% from $717.9 million in Q3 2024 to $739.6 million in Q3 2025 [2] - Operating income fell by 13.5% from $5.6 million in Q3 2024 to $4.9 million in Q3 2025 [2] - Net income decreased by 11.5% from $1.5 million in Q3 2024 to $1.3 million in Q3 2025 [2] - Gross profit rose by 3.4% from $48.0 million in Q3 2024 to $49.6 million in Q3 2025 [2] Business Overview - Amcon Distributing specializes in wholesale distribution for the convenience retail sector, serving approximately 7,900 retail outlets [3] - The company operates two segments: wholesale distribution, which is the primary revenue driver, and retail health food stores [3][4] Segment Performance - The wholesale segment generated $728.3 million in revenue, accounting for over 98% of total sales, with an operating income of $7.3 million [5] - The retail health food segment reported $11.3 million in sales and a minimal operating income of $0.1 million [5] Cost and Expenses - SG&A expenses increased by 6.5% to $42.5 million compared to Q3 fiscal 2024, outpacing revenue growth [6] - Interest expense was $2.7 million, slightly lower than $2.9 million in Q3 fiscal 2024 [6] - Operating margin was approximately 0.7% [6] Strategic Focus - The company is focusing on expanding foodservice programs, integrating new acquisitions, and investing in technology to enhance marketing and customer retention [4][7] - Management highlighted the importance of proprietary marketing programs, although these have not yet translated into improved margins [7] Cash Flow and Financial Position - Year-to-date cash flow from operations was -$12.5 million, driven by increased accounts receivable and inventory buildup [8] - Shareholders' equity increased to $113.2 million, while cash on hand was $0.83 million and total debt rose to $154.6 million [8] Future Outlook - The company did not provide specific financial guidance but intends to pursue further acquisitions and maximize liquidity [9][10] - Key risks include reliance on cigarette sales and thin operating margins, with a focus on cash management due to inventory and accounts receivable buildup [10]
X @Bloomberg
Bloomberg· 2025-07-18 15:15
Prosus has offered to sell down its holding in Delivery Hero to help pave the way for regulatory approvals for its acquisition of Just Eat https://t.co/z4O6T3WCNd ...
X @Bloomberg
Bloomberg· 2025-07-17 14:26
Banks selling the term loans backing Sycamore Partners’ acquisition of Boots have increased the minimum size of the dollar-denominated portion, while cutting the overall size of its bond issuance https://t.co/5jy3va8pV7 ...