Information security
fromTheregister
9 hours agoAkira ransomware crew infected enterprise systems during M&A
Compromised SonicWall SSL VPN devices in acquired companies enable Akira affiliates to access and ransom larger, acquiring enterprises.
This year has been a rough one for retailers. Business bankruptcies across the country have been on the rise in recent years, according to an analysis from the Administrative Office of the US Courts, and 2025 has seen several prominent retail brands involved. Some retail brands started the year already engaged in the bankruptcy process, while others filed for protection as the months went by.
In its latest move centered on recapture, private investment firm Rice Capital announced Friday that it's buying retail and consumer-direct lender Rosegate to make its products available to mortgage servicing rights (MSRs) that lack embedded recapture agreements. The deal adds to several recent transactions including Rocket Companies' acquisition of Mr. Cooper Group and Bayview Asset Management's deal for Guild Holding Co. in which firms have looked to expand their servicing portfolios and lower customer acquisition costs.
Iger is famous for building Disney through a series of mergers and acquisitions. These included ABC Television, Pixar Animation Studios, Marvel Entertainment, Lucasfilm, and 21st Century Fox. The deals looked good at the time, but all Iger was doing was creating a legacy media giant, mostly of TV and studios. New and huge streaming services, including Netflix and Amazon Prime Video, flanked Disney's old-world assets.
ITV plc notes the recent press speculation and confirms that it is in preliminary discussions regarding a possible sale of its M&E business to Sky for an enterprise value of £1.6bn,
Alphabet (GOOGL) (GOOG) and Wiz have moved closer to completing their $32 billion deal. The U.S. Department of Justice has finished its review, which means the agency will not block the acquisition. The step marks an important move toward closing, even though other regulators are still looking into the deal. The news comes just a few days after Alphabet delivered its first-ever $100 billion quarter.
Liquid cooling tech is hot. It's only Tuesday and already infrastructure specialists have forked out more than $10 billion on companies proffering tech that promises to help ease energy bills of datacenter operators. Power management biz Eaton has signed an agreement to acquire the Boyd Thermal business of Boyd Corporation from Goldman Sachs Asset Management for $9.5 billion, while digital infrastructure firm Vertiv is set to absorb PurgeRite Intermediate LLC, a company specializing in optimizing cooling systems, for approximately $1 billion in cash.
Fubo's quarterly revenue for North America declined 2.3% year over year to $386 million, and advertising revenue declined 7% to $25 million, which CFO John Janedis attributed to "the absence of certain ad-insertable content." (Meaning, in other words, their previous content deals with TelevisaUnivision and WBD.) But despite those declines, Fubo's leadership thinks the advertising outlook is pretty good. Upfront commitments for the 2025-2026 are up 26% compared to last season, with nearly a third of those advertisers being new to Fubo.
Kimberly-Clark is laying down $40bn to buy Kenvue in a massive deal that has puzzled some investors, as the maker of Tylenol struggles with weak sales, lawsuits and White House attacks linking its painkiller to autism. Shares of Kimberly-Clark dropped sharply after the Monday announcement as stockholders scrutinised the 46 percent premium being paid for the former Johnson & Johnson unit that has had a turbulent year.
Consumer giant Kimberly-Clark, which makes Huggies diapers and Kleenex tissues, is buying the company that makes Tylenol and Band-Aids in one of the biggest mergers of the year. The deal, worth almost $49 billion, comes at a particularly difficult time for Tylenol-maker Kenvue, after the Trump administration linked acetaminophen the active ingredient in this common painkiller to autism. The assertions came despite a lack of clear scientific evidence, and Kenvue has called them simply false.
The e-commerce shift saw shoppers move over to Amazon and Walmart online for office supplies, while less demand saw remote and hybrid work sharply reduce office supply needs. There's also a foot traffic drop, where in-store visits and small-business purchasing both declined.
Qorvo shareholders will receive $32.50 in cash and 0.96 of a Skyworks common share for each Qorvo share held at the close of the transaction, which is expected in early 2027, pending shareholder and regulatory approvals. Activist investor Starboard Value, which owns about 8% of Qorvo, has already signed off on the deal. On a conference call with investors on Tuesday, Skyworks said its biggest customers also expressed approval of the merger.
Bending Spoons, the Italian software company that has bought up a range of other digital businesses like Evernote, MeetUp, WeTransfer, and soon Vimeo, announced plans to purchase AOL from Yahoo after securing a $2.8 billion debt financing package. Over the past couple of decades, AOL has been passed from company to company, merging with Time Warner in 2001 before getting spun off and sold to Verizon in 2015 for $4.4 billion.
The disclosure followed public overtures from Paramount, which reportedly was willing to pay as much as $24 per share, or around $60 billion total, for the publicly traded media company. WarnerBros. Discovery rejected that offer as too low, and hopes to drum up additional interest by publicly putting itself up for sale. Any potential deal, regardless of the ultimate identity of the winning bidder, will almost inevitably reshape the streaming landscape, which in turn could have major consequences for consumers.
We began undertaking this strategy to sort of encircle the city back in 2020, Howard Hoby Hanna IV, the president and CEO of Howard Hanna, said. We were in upstate New York and we thought it was a strategic move to sort of move down the state and then throughout parts of the tri-state area with New Jersey and Connecticut. The city was always an attraction, but we knew that it is a very different market.
We've been in the acquisition M&A space for a long time. It's been a way for us to continue to grow in the retail channel, as well as organically. But this came up where, as stewards of our companies, we have to really think about what the world is going to look like in five to 10 years. She added that the new ownership provides a lot more value and a lot more horsepower.
The title business is very relationship driven and many local title company owners have this fear that the industry will be disrupted in a way that hurts these local relationships, Natalia Karayaneva, the CEO of Propy, said. These companies want to be more efficient and we want the local relationships they have, so these acquisitions are a win for everyone.
Ripple is a goofy business. For more than a decade now, the company has held vast quantities of magic beans known as XRP, which it dumps onto the market at regular intervals. It's not clear why anyone needs these magic beans, but people buy them anyway, and that has made Ripple very rich-so rich that this week it casually spent $1 billion to buy a treasury management company called GTreasury.
What began as one family's desperate attempt to save their dog has become the largest and fastest-growing veterinary group in the Middle East. CEO Mansoor Alshiha transformed personal tragedy into a mission to revolutionize animal care - and built Vet Alliance in the process. It all started with Dutchie, the Alshiha family dog who nearly died after being hit by a car. At the time, Dubai had no dedicated 24-hour emergency care for pets. The family was forced to improvise - and that moment changed the trajectory of veterinary medicine in the UAE.
The acquisition advances a strategy outlined when European growth investor Verdane took a majority stake in Cropster in October 2024, signaling an intent to expand internationally through mergers and acquisitions. Cropster has not publicly disclosed the financial terms of the Firescope acquisition, but a company announcement today said further acquisitions are planned as Cropster deploys a "sizable war chest" from Verdane.
A frenzy around AI has been one of the main reasons Wall Street has been hitting record after record, though that's also raising worries that prices have potentially shot too high. Much of the furor around AI in the last couple weeks has come from OpenAI, which has quickly grown into a $500 billion company, announcing deals with businesses around the world to develop more AI infrastructure.