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Lionsgate Surges 14% on Takeover Buzz — Then Netflix and Fox Both Say No
Lionsgate Studios (LION) jumped nearly 14% on June 16 after rumors swirled that it could be a takeover target. Netflix and Fox have since denied any acquisition plans.
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Netflix Loses $22B Roku Bid to Fox, Stock Slides 3.6%
Fox beat out Netflix in the race for Roku at roughly $160 a share — a ~$22B deal — leaving NFLX down 3.61% on Tuesday. The same day, Netflix also denied rumors it was pursuing Lionsgate.
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TSMC Locks In Amkor for 10-Year Advanced Packaging Deal; AMKR Jumps 7%
TSMC and Amkor Technology signed a decade-long partnership to expand advanced semiconductor packaging in Arizona, targeting surging AI and high-performance computing demand. AMKR closed up roughly 7.4% on the day.
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SpaceX Drops $60 Billion on Cursor — Four Days After Going Public
Just four days after its Nasdaq debut, SpaceX signed a definitive agreement to acquire Cursor parent Anysphere in an all-stock deal valued at roughly $60 billion. Shares jumped another ~10% on the news.
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Chip Stocks Hit With Profit-Taking, Dragging Nasdaq Lower — While the Dow Hits a New All-Time High
U.S. stocks split sharply on June 16: a wave of profit-taking hammered Nvidia, Broadcom, Micron, and AMD, pushing the Nasdaq down 1.15%, while the Dow climbed to a fresh record as money rotated into value and defensive plays.
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Comtech Sells Satellite Unit to Gilat for $157.5M, Stock Jumps ~9.5%
Comtech (CMTL) announced a $157.5M sale of its satellite and space communications business to Israel's Gilat, with net proceeds of ~$143M–$145M earmarked for debt repayment. The deal — not the mixed quarterly earnings — drove a ~9.5% stock gain on June 15.
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Domo Misses Revenue Estimates as Board Discloses Sale Talks
Domo (DOMO) posted Q1 revenue of $79.4M, narrowly missing consensus, while its per-share loss came in better than expected. The bigger story: the board disclosed it is in advanced talks on a strategic transaction — sending shares down roughly 10% after hours.
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Dave & Buster's Misses on Revenue and Earnings, Shares Drop Over 13% After Hours
Dave & Buster's (PLAY) posted Q1 FY2026 revenue of $559.2M and adjusted EPS of $0.22, both well below consensus, as comparable-store sales fell 5.4%. Shares slid more than 13% in after-hours trading despite adjusted free cash flow swinging to a positive $25.3M.
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Fiserv Drops ~7% Premarket as CEO Exits for Truist, New Chief Takes Over Immediately
Fiserv named Takis Georgakopoulos as CEO effective immediately, replacing Mike Lyons — who heads straight to Truist Financial as its new chief. The abrupt leadership swap sent FI shares down roughly 6–7% in premarket trading even as the company held its FY2026 guidance.
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Salesforce to Acquire AI Customer Service Firm Fin (Formerly Intercom) for ~$3.6B
Salesforce has signed a definitive agreement to acquire Fin — the AI customer service company formerly known as Intercom — for approximately $3.6 billion, or roughly 9x ARR. The deal is expected to close in Salesforce's fiscal Q4 2027, with CRM shares edging higher on the news to snap a…
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American Express to Acquire Tripadvisor's TheFork for $700M; TRIP Surges ~14%
American Express is buying TheFork — Tripadvisor's European restaurant reservation platform — for roughly $700 million in cash. The deal would push Amex's total bookable venues to ~75,000 and sent TRIP shares up ~14%.
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Olin and Huntsman Announce All-Stock Merger of Equals, Combined Revenue ~$12.5B
Olin (OLN) and Huntsman (HUN) have agreed to a merger of equals — an all-stock, no-cash deal that creates OlinHuntsman Corporation with roughly $12.5B in combined 2025 revenue. HUN dropped ~10% premarket on the news.