Uber said it plans to focus on parking for commuters, as well as at events, venues and airports. ...

Uber on Monday announced that it is acquiring SpotHero, a company that provides a parking reservation app. The rideshare company did not provide a deal price, but Uber said it plans to offer a "parking reservation experience, powered by SpotHero" within its own app to help users find parking for events, venues and airports. "For the moments when people do choose to drive, SpotHero on the Uber app will make the experience easier than ever, and bring more people into the Uber ecosystem," Uber CEO Dara Khosrow ...

Chesnara has agreed to acquire Scottish Widows Europe, a closed life insurance company based in Luxembourg, in a deal valued at $130.2m (£95.97m). The Luxembourg business was acquired from Scottish Widows, part of Lloyds Banking Group. This move marks Chesnara’s entry into the Luxembourg market and will help it add policyholders in Germany, Austria and Italy. The UK-listed life and pensions consolidator will fund the transaction using its existing cash resources. According to Chesnara, the acquisition ...

Core Insights - Richey May has acquired Wagner, Kaplan, Duys & Wood (WKDW), a tax and advisory firm based in Rockville, Maryland, with the financial terms of the deal undisclosed [1] - The acquisition is part of Richey May's strategy to build a national platform by integrating regional and specialist practices, focusing on specialization, technology-enabled delivery, and a "people-first culture" [2] - WKDW clients will continue to work with their existing teams while gaining access to Richey May's broader resources and technical capabilities [2] Company Overview - Richey May, founded in 1985, offers services including audit, assurance, business advisory, cybersecurity, tax, and technology [3] - The company specializes in sectors such as mortgage banking, alternative investments, real estate, construction, and media [4] Advisory Insights - WKDW was advised on the transaction by Koltin Consulting Group, with CEO Allan D. Koltin highlighting WKDW as a leading CPA and advisory firm in the greater DC market [3] - The combination of WKDW and Richey May is expected to provide significant strategic advantages and growth opportunities for both firms, with expectations of further high-performing firms merging with Richey May in the future [3]

Core Insights - Allstates WorldCargo has acquired Promptus, a freight forwarder, enhancing its customs brokerage capabilities and service offerings [1][2] Group 1: Acquisition Details - The acquisition of Promptus, a 3PL focused on Latin America, Asia, Europe, and Caribbean trade lanes, allows Allstates WorldCargo to provide in-house customs clearance and compliance services [1] - The financial terms of the acquisition remain undisclosed [1] Group 2: Strategic Implications - This acquisition positions Allstates WorldCargo to offer seamless solutions for global customers, improving control over customs brokerage services and enhancing service reliability [2] - The integration of the Promptus team into Allstates WorldCargo's U.S. operations is expected to improve coordination and visibility [2] Group 3: Company Background - Allstates WorldCargo is based in Orlando, Florida, and operates over 25 locations across the U.S., providing air and ocean freight forwarding, warehousing, and ground transportation [3] - The company previously acquired Saturn Freight Systems, indicating a strategy of growth through acquisitions [3]

Core Insights - Captrust Financial Advisors has acquired Meritage Portfolio Management, expanding its assets under advisement to over $1 trillion and adding $2.4 billion in client assets from Meritage [1][2] Group 1: Acquisition Details - The acquisition increases Captrust's presence in Kansas City to two offices and adds 54 employees, including 17 from Meritage, nine of whom are advisors [2] - Meritage, founded in 1991, specializes in wealth management for high-net-worth individuals, retirement plans, and endowment and foundation investment management [2][3] Group 2: Strategic Implications - The acquisition provides Captrust with a broader network of resources and support, enhancing opportunities for clients and colleagues, as stated by Meritage's President Mark Eveans [3] - Captrust oversees more than $237 billion in discretionary assets and over $846 billion in nondiscretionary assets, with over 1,800 employees across more than 90 locations [4] Group 3: Market Position - Kansas City is identified as a key growth market for Captrust, with the acquisition of Meritage adding significant value due to its reputation for trusted client relationships [4] - Captrust previously expanded into the Midwest by acquiring Frontier Wealth Management in 2022, indicating a strategic focus on growth in this region [4] Group 4: Advisory Role - Houlihan Lokey served as the financial advisor for Meritage during this acquisition [5]

Core Insights - Electronic Arts Inc reported a significant increase in sales for its third fiscal quarter, primarily driven by the successful launch of Battlefield 6, although net income experienced a slight decline despite higher revenue [1][2]. Financial Performance - The company achieved net bookings of $3.05 billion for the quarter, representing a 38% increase compared to the same period last year, setting a new record for the company [1]. - Net revenue rose by 1% to $1.9 billion [1]. - Net income for the quarter decreased to $88 million [2]. - Net cash provided by operating activities was $1.826 billion for the quarter and $2.522 billion over the trailing twelve months [2]. Product Performance - The record bookings were attributed to Battlefield 6, which is the top-selling shooter of 2025, along with consistent contributions from recurring-revenue titles such as EA SPORTS FC and Apex Legends [2]. Strategic Developments - Electronic Arts is currently engaged in a $55 billion acquisition deal with an investor consortium, which is expected to close in early 2027, and the company indicated that the process is progressing as planned [3]. - Following the earnings announcement, shares of Electronic Arts saw a slight decline of 0.4% in Thursday morning trading [3].

Group 1 - Elenger Grupp, a subsidiary of Aktsiaselts Infortar, has acquired a 100% ownership interest in the Latvian company SIA 'Mood Deco', which owns a battery energy storage park project currently in development [1] - The transaction is not between related parties, and members of the Supervisory Board and Management Board of Aktsiaselts Infortar have no personal interest in the transaction [2] Group 2 - Aktsiaselts Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, with a 68.47% share in Tallink Grupp and a 100% share in Elenger Grupp [3] - Infortar has a modern real estate portfolio of approximately 141,000 square meters and employs 6,558 people across 110 companies, including 101 subsidiaries and 4 affiliated companies [3]

Core Viewpoint - Disney CEO Bob Iger described the acquisition of 21st Century Fox as "ahead of its time," especially in light of the high multiples competitors are paying for Warner Bros. Discovery assets [1][2]. Group 1: Acquisition Details - Disney completed the acquisition of 21st Century Fox in 2019 for over $70 billion, overcoming a competing hostile offer from Comcast [2]. - The acquisition has resulted in significant debt for Disney and has been a controversial topic on Wall Street [2]. Group 2: Asset Valuation - Iger emphasized that the ongoing battle for control of Warner Bros. Discovery highlights the value of Disney's assets, particularly its intellectual property (IP), brands, and franchises [1][2].

Group 1 - GameStop shares experienced an increase following CEO Ryan Cohen's announcement regarding the company's interest in acquiring a publicly traded company, which could enhance its market capitalization [1] - The potential acquisition is seen as a strategic move that may also positively impact Ryan Cohen's compensation [1]