Acquisition

words.ServiceNow is close to acquiring cybersecurity startup Armis in a deal valued at up to $7 billion, its largest ever. Armis, recently funded with $435 million and targeting an IPO by 2026‑27, boasts $300 million in annual recurring revenue and expertise in securing enterprise IoT devices. The acquisition would let ServiceNow embed device‑security into its Now Platform, creating cross‑sell opportunities, richer data analytics, and a stronger stance against rivals like Microsoft. Success hinges on integrating the two engineering cultures and retaining Armis talent amid a booming cyber‑spending market and a sluggish IPO environment.

words.Netflix announced a $72 billion all‑cash acquisition of Warner Bros. Discovery’s film studio and HBO Max, aiming to create a content library that would command about 35 % of U.S. streaming hours. Netflix shares fell 2.9 % amid worries over debt and balance‑sheet strain, while Warner Bros. Discovery rose 6.3 % on the premium. The deal faces antitrust reviews in the U.S. and Europe, and analysts are split between its strategic upside and the financial and regulatory risks.

Robex Resources announced that Predictive Discovery has classified Perseus Mining’s unsolicited offer as a superior proposal under the Oct 5 2025 arrangement. A five‑business‑day matching period began on Dec 3 2025 and ends at 11:59 p.m. EST on Dec 10 2025, during which Robex may present a counter‑offer. The board is reviewing strategic options; shareholders need take no action now, and further updates will be provided.

Workday’s shares slid up to 10% after analysts trimmed price targets, citing a modest FY‑26 subscription‑revenue outlook of $8.83 billion—only $13 million above prior guidance. The cloud‑software firm is betting on AI, highlighted by its $1.1 billion acquisition of Sana and the rollout of AI‑driven agents across finance, HR and planning. Despite early AI‑related revenue gains, Q3 earnings missed expectations, prompting target cuts from $340 to $235 and concerns over integration risk, competitive pressure from SAP/Oracle and cautious corporate IT spending. The stock trades around $240, roughly 8× forward subscription revenue.

Strategic Storage Trust X (SST X), backed by SmartStop Self Storage REIT (NYSE: SMA), acquired its first self-storage facility in Murfreesboro, Tennessee, from SmartStop on November 21, 2025. The facility offers 62,100 rentable square feet across roughly 470 units and benefits from high traffic and a growing local population. SST X, structured as a perpetual NAV REIT, aims to provide investors with stable income and long-term appreciation through a diversified self-storage portfolio. This acquisition marks SST X’s initial investment in a high-growth market.

Lithium South (LISMF) extended its Share Purchase Agreement with POSCO Argentina S.A.U. to December 5, 2025, for the US$65 million sale of NRG Metals Argentina S.A., which holds the Hombre Muerto North lithium project and related claims. The delay is due to air travel disruptions and holidays. The sale provides POSCO access to key lithium resources, while Lithium South may explore other projects. The project is located in Argentina’s “Lithium Triangle.”

Palo Alto Networks (PANW) reported strong fiscal Q1 earnings, exceeding expectations with $2.47 billion in revenue and adjusted EPS of 93 cents. The company also announced a $3.35 billion acquisition of Chronosphere, a cloud observability platform, linked to the rise of AI. While revenue grew 16% year-over-year, net income slightly decreased. Despite positive guidance, PANW stock dipped in after-hours trading. Investors are watching increased capital expenditures and the integration of CyberArk and Chronosphere for long-term impacts. Remaining purchase obligations grew, showcasing continued demand.

Adobe plans to acquire Semrush, a search engine marketing platform, for $1.9 billion in cash. This strategic move aims to enhance Adobe’s marketing tools amid the growing influence of AI. Semrush shares surged 74% on the news, while Adobe’s stock dipped 2%. The acquisition, expected to close in the first half of 2026, reflects Adobe’s focus on empowering brands in the AI-driven era. The deal follows Adobe’s abandoned attempt to acquire Figma.

Hillenbrand, Inc. reported Q4 and FY2025 results, excluding the divested Milacron business. Q4 net revenue was $652 million, a 22% decrease (5% pro forma). GAAP EPS was $1.07, up from $0.17, while adjusted EPS decreased 18% to $0.83. Full-year net revenue was $2.67 billion, down 16% (9% pro forma). GAAP EPS improved significantly, but adjusted EPS fell 25% to $2.49. A pending acquisition by Lone Star Funds for $3.8 billion is expected to close by Q1 2026. No conference call or FY26 guidance will be provided.

GlobalFoundries (GFS) acquired Advanced Micro Foundry (AMF) on Nov 18, 2025, creating the largest pure-play silicon photonics foundry by revenue. The deal expands GF’s 200mm production with plans to scale to 300mm and accelerates silicon photonics capacity in the U.S. and Singapore for AI datacenters and other applications. GF will establish a silicon photonics research center in Singapore with A*STAR, targeting 400Gbps data transfer solutions. This move strengthens GF’s position in the growing silicon photonics market.