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Major M&A Activity Rocks Markets: Electronic Arts Acquired for $55 Billion, Novartis Bids for Tourmaline Bio, US Shutdown Looms
Stock Market News· 2025-09-29 12:08
Key TakeawaysElectronic Arts (EA) is set to be acquired by a consortium including PIF, Silver Lake, and Affinity in a $55 billion deal, valuing the company at approximately $210 per share.Novartis AG (NVS) has initiated a tender offer to purchase all outstanding shares of Tourmaline Bio (TRML) for $48 per share in cash, with the offer expiring on October 27, 2025.As a potential U.S. government shutdown looms, investors are flocking to safe-haven assets, driving U.S. Treasuries firm and pushing U.S. gold res ...