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Perplexity AI CEO Aravind Srinivas believes search giant Google is currently at its most vulnerable since its founding over two decades ago, caught between its legacy dominance in search advertising and the fast-moving disruption of AI-native search. What Happened: During the Sohn Investment...

Fast-food giant McDonald's Corporation (NYSE:MCD) is one of the most valuable restaurant companies in the world, valued at more than $225 billion and consistently putting out quarterly results with billions of dollars in revenue. It turns out that the company could have been even more valuable if...

DVD rental and streaming company Redbox Entertainment Inc (NASDAQ: RDBX) was the subject of a takeover offer Wednesday, or what some are calling a takeunder offer due to the acquisition price being less than the price of the stock. Here are the details. What Happened: Streaming company Chicken...

A new list shows the most popular streaming apps for users in the U.S. based on their age. Among the highlights are that several of the top streaming apps are not the ones users would guess top the list. What Happened: Data from The Streamable features the top-used streaming apps using...

Last week featured three announced SPAC deals. The week also had earnings from several well-known former SPACs. Here is a look back at the week that was SPACs for deals, rumors and headline news all covered on Benzinga’s “SPACs Attack.” SPAC Deals Mobile gaming company Jam City is...

Some investors might remember the DVD rental kiosk business Redbox as the unit of a publicly traded company during its successful early days. The company is coming back to the public markets in a SPAC merger. The SPAC Deal: Redbox is going public in a merger with Seaport Global Acquisition Corp (...

Apollo Global Management LLC (NYSE: APO)’s 2016 shopping spree is reportedly still going strong. On Monday, Reuters reported that Apollo is in talks to acquire assets from struggling hospital operator Community Health Systems (NYSE: CYH). Community Health Systems currently has a market cap of...

Leon Black famously said three years ago that his private equity firm Apollo Global Management would be "selling everything that's not nailed down." According to Forbes' Nathan Vardi, Black is now the "short seller killer of 2016" given his "spending spree," which has "made life particularly...

This week, Apollo Global Management LLC (NYSE: APO) announced yet another major 2016 buyout, acquiring Coinstar and Redbox operator Outerwall Inc (NASDAQ: OUTR) for $1.6 billion. Apollo announced plans to take the company private. Outerwall is the fifth public company Apollo has bought in 2016,...

Although Wedbush’s Michael Pachter believes Outerwall Inc (NASDAQ: OUTR) continues to be a value stock, the analyst has moved to the sidelines due to a lack of near-term catalysts. Pachter downgraded the rating on the company from Outperform to Neutral, with a price target of $45. Moving To...

Shares of Redbox-owner Outerwall Inc (NASDAQ: OUTR) gained last week after Variety reported that Redbox plans to launch a new video streaming service called Redbox Digital. However, Darren Aftahi of Roth Capital sees the strategy as "frankly too little, too late," given the commoditization of the...

Shares of Outerwall Inc (NASDAQ: OUTR) are being bid up some 9 percent in Monday's after-hours trading session following news for investors the company has begun the process of exploring strategic and financial alternatives. Although the Outerwall press release disclosing the news did not...