Blockchain Foundry Inc. (CSE: BCFN)
Develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to leverage blockchain technology in their businesses.
Magnite (NASDAQ:MGNI) +5.8% premarket, has acquired SpotX from RTL Group for $1.17B, consisting of $560M in cash and 14M company shares.
SpotX is one of the leading platforms shaping CTV and video advertising globally.
“Sellers have been looking for a scaled independent alternative to the giant companies who dominate the CTV marketplace,” said Michael Barrett, President & CEO of Magnite. “The combination of Magnite and SpotX will make this a reality by bringing together the best CTV technologies and teams at a critical time. Ad-supported CTV is just beginning to draw budgets from linear TV and we will be well-positioned to participate in the strongest segment of industry growth for the foreseeable future.”
Magnite is targeting in excess of $35M in run-rate operating cost synergies, with more than half of the synergies realized within the first year of combined operations.
The company expects to close the transaction in 2Q21.
Magnite will report its Q4 results on February 24.
Preliminary Q4 results is as follow:
GAAP Revenue of $82M, up 69% on an as-reported basis, and up 20% on a pro forma basis and consensus of $73.98M, with CTV revenue of $15.3M, up 53% on a pro forma basis.
Net income of $5.8M and Adjusted EBITDA of $29.9M, representing a 36% adjusted EBITDA margin.
Palantir Technologies (NYSE:PLTR) and BP (NYSE:BP) have extended their partnership to support bp as it works to become a net-zero company by 2050 or sooner.
PLTR will provide its software to bp at the enterprise level, with global deployment across the organization in a multi-year, multi-million dollar deal.
The partnership has yielded concrete results in operations management, asset allocation, strategic planning, and procurement.
Palantir also support bp’s risk monitoring efforts, including workflows around infrastructure management and information flow management during the COVID-19 pandemic.
The National Labor Relations Board denies Amazon’s (NASDAQ:AMZN) attempt to postpone a union vote at a warehouse in Bessemer, Alabama, allowing the mail-in voting to start on Monday.
The vote involves 6,000 workers and will be the first union vote at a U.S. Amazon facility since 2014. If the vote is successful, it would be the first domestic union for Amazon workers.
The NLRB says Amazon’s appeal raised “no substantial issues warranting our review.”
Late last month, Amazon filed an objection to the initial NLRB decision that allowed the vote to proceed. The e-commerce giant asked for a halt to the voting due to gaps in precedent and took issue with mail-in rather than in-person voting.
