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Benzinga
Benzinga
Business
Anthony Noto

Deal Dispatch: From Stellantis To Snyk, Major Companies Consider Exits

Deal Dispatch Stellantis Snyk Nasdaq Berkshire First Brands Free2move Middleby OxyChem Silver Lake
benzinga_deal_dispatch2

New On The Block

  • The pitch of turning car-sharing into a profitable business was loud in the early 2000s. Companies like Zipcar were taking off. Since then, they began to resemble a flat tire. Take, for example, Free2move. It wasn’t a profitable venture for owner Stellantis. As a result, it’s being shopped to potential buyers. But it’s not just Free2move that’s the pits. Stellantis’ other brands i.e. Maserati and Alfa Romeo) are struggling, too.
  • Cybersecurity startup Snyk is considering a buyout offer, The Information learned. Its last valuation was $7.4 billion, but growth has slowed, and plans to go public are not in motion.
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