Mergers and Acquisitions News 24 September 2025 - 7 November 2025

Updated: Nov 7, 2025 Key takeaways Live price snapshot (midday, Nov 7, 2025) Alphabet shares are now about 5% below their late‑October record high near $291.93 (GOOG). TradingView What’s moving Alphabet today 1) YouTube TV–Disney blackout continues Disney says talks with YouTube TV (Google) are ongoing to restore ABC and ESPN after last week’s carriage lapse. For Alphabet, the dispute injects near‑term uncertainty around YouTube TV churn, sports viewership, and ad momentum heading into a packed sports weekend. Reuters 2) DOJ clears $32B Wiz acquisition (deal still pending other approvals) Wiz’s CEO said the U.S. DOJ antitrust review is complete,

Marvell Technology (NASDAQ: MRVL) jumped on Thursday after Bloomberg reported that SoftBank Group explored a takeover of the U.S. chipmaker earlier this year—an approach that, if completed, would have marked the largest deal in semiconductor history. While no agreement was reached and talks aren’t active, people familiar with the matter said interest could be revived. Bloomberg Why SoftBank might want Marvell SoftBank founder Masayoshi Son has been vocal about betting big on AI hardware. Marvell’s expertise in custom accelerators, high‑speed networking, and cloud/datacenter silicon could complement ARM’s CPU IP—potentially creating a portfolio spanning compute and connectivity for hyperscalers building AI

The deal at a glance Schwab will acquire all of Forge’s issued and outstanding common shares for $45 in cash per share. The companies expect to close in the first half of 2026, subject to customary approvals. Forge’s two largest shareholders—Motive Capital and Deutsche Börse—have signed support agreements backing the transaction. Business Wire According to the announcement, Forge operates a marketplace and associated infrastructure that has facilitated more than $17 billion in trades of private‑company shares. Schwab scheduled a webcast at 8:30 a.m. ET today to discuss the transaction. Business Wire Why it matters Private companies—from AI leaders to space and

Sources: Official press releases and filings Adverum Adverum, Reuters, Investing.com, Fierce Biotech Fiercebiotech, and analyst reports Marketbeat Marketbeat. All data as of market close Oct. 23, 2025 and news through Oct. 24, 2025.

WBD Stock Surges on Takeover Rumors Warner Bros. Discovery corporate logo signage. The media giant’s stock surged on October 21, 2025 amid speculation of a potential sale. Warner Bros. Discovery’s stock spiked sharply on October 21, 2025 after the media conglomerate signaled it might be open to a sale. In a morning announcement, WBD said its board has launched a “comprehensive review of strategic alternatives” following unsolicited takeover interest from multiple partiests2.tech. This stunning development – just months after WBD announced plans to split into two companies – sent WBD shares up about 7–9% to nearly $20, from a prior

Key Facts Wall Street Hits Record Highs Despite Data Delays Stocks charged into October with momentum, even as Washington’s budget impasse partially shut down the government. With federal agencies furloughed, Friday’s closely watched jobs report was no-show, but markets barely blinked. All three major indexes climbed more than 1% on the week, extending a string of gains reuters.com news.futunn.com. In fact, Wall Street set new records: the S&P 500 and Dow Jones Industrial Average each closed at all-time highs for three consecutive days investopedia.com. The Dow briefly topped the 47,000 mark for the first time ever newsnow.com reuters.com, and the

Background: The Deal and Its Mechanics Electronic Arts, the publisher behind EA Sports FC, The Sims, Battlefield and other franchises, agreed to be taken private in a transaction valued at $55 billion—the largest leveraged buyout in history reuters.com. Under the terms, a consortium led by the Saudi sovereign wealth fund PIF will purchase all outstanding shares for $210 each, representing a 25 % premium over EA’s share price before the announcement reuters.com. Silver Lake and Affinity Partners will co‑invest. The financing relies on $36 billion in equity and $20 billion of debt provided by JPMorgan, meaning the new owners borrow against EA’s future cash

Key Facts (as of Sep 29, 2025): – Ticker: EA (Nasdaq). – Price: ~$193.35 (Prev. close) reuters.com (up ~14.9% on 9/26, trading ~25% above pre-announcement levels) economictimes.indiatimes.com. – Market Cap: ~$48.4 billion (250.21 M shares outstanding) reuters.com. – 52-Week Range: $115.21 – $197.33 reuters.com. – P/E (ttm): ~48.5; Forward P/E:~23.4 reuters.com. – Dividend Yield: 0.39% reuters.com. – Consensus Rating: Moderate Buy (consensus score 2.43/3.0; 12 Buy, 15 Hold, 0 Sell reuters.com marketbeat.com). – CEO: Andrew Wilson (also Chairman) reuters.com; CFO: Stuart Canfield reuters.com. – Major Franchises: EA SPORTS FC (soccer), Madden NFL, Battlefield, Apex Legends, The Sims, F1, etc. reuters.com. – Recent Headline: Agreed to a $55 billion takeover (to go private) at $210/share ir.ea.com reuters.com, pending regulatory approval. Stock Performance & Trends EA shares have surged dramatically in