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Mid caps

Pandora is getting ‘Sirius’ help with this deal

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We have another major deal… with SiriusXM buying Pandora for $3.5 billion! The combination of SiriusXM and Pandora will create the largest audio entertainment company in the industry. And Spotify, Apple, and Amazon streaming services should be worried about what’s to come…

 

They were already huge… because SiriusXM has 36 million subscribers in North America. However, the company was formed by combining Sirius and XM Satellite radio services back in 2008, so they are no stranger to transactions like this. To add to the fun, Pandora, the streaming music service, has over 70 million active users.

 

It’s already working for Pandora… and SiriusXM put $480 million to purchase 19% of Pandora’s shares in 2017. The Pandora’s stock was down 35% before the investment; but now, the company is doing better than ever with a share price that has nearly doubled since. Shares of Pandora were up 9% in premarket trading.

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International

Versace, Versace, Versace!

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Michael Kors is buying Versace… not the other way around in another deal with two HUGE names in play. Michael Kors is getting close to purchasing Versace for $2 billion. The two sides are so close that the deal could be announced this week (but you heard it here first!).

 

The famous ‘MK’… already owns 20% of Versace and the Versace family owners the other 80%. This move is right in line with Michael Kors strategy of improving its luxury brand offerings. The company bought Jimmy Choo last year for $1.2 billion. However, investors are less impressed by these deals and shares of MK dropped by 7% on Monday.

 

Ordinary people don’t buy Versace… because most people aren’t famous, rich, or cool enough to pull it off. For that reason, some even think that the MK should give the Versace brand a more modern appeal. And while the new brand won’t add much to the Michael Kors brand, it could give the company a boost in parts of the market it doesn’t already reach. We wonder what the Migos think about all of this? Versace, Versace, Versace…

Mid caps

Weight Watchers is losing more than weight

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It’s not about watching weight… it is about watching [your] health and wellbeing! The company still aspires to be the “vest weight management program on the planet” but also wants you to focus on eating healthier, exercising, and being more positive. Now, instead of Weight Watchers, the company will be known as ‘WW.’

 

Well, it is a start… to making programs more exciting and also more appealing to men (but they will still probably get made fun of for joining). The company now aspires to get you eating well, connecting with others, and enjoying life. So it’s more of a lifestyle than a diet program now.

 

Some of the new programs… include the Freestyle program which gives you more food options. WW has also teamed up with meditation company Headspace for some added wellbeing built into the company’s app. Shares of the company were up over 4% on Monday. Here is to hoping WW members remain small, but its profits grow large.

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Miscellaneous

Tiger Woods finally wins…we’re not kidding

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Tiger Woods first victory… in five years came on Sunday, but he was not the only winner. That’s right, NBC did pretty well itself by seeing a rating boost of 206% compared to last year. The final round of the tournament was the highest-rated telecast in the history of the FedEx Cup playoffs.

 

It was also… the highest-rated PGA Tour telecast so far in 2018. Oh, well, excluding the four major championships, which include The Masters, the US Open, the British Open, and PGA Championship. To quantify the ratings, NBC’s coverage earned a 5.2 overnight rating. According to Nielson, this means 5.2% of households in the US were watching Tiger Woods’ win.

 

Despite his lack of recent success… Tiger Woods remains one of the most popular and most watched golfers in the world. Woods’ received 580 minutes of exposure during tournaments by mid-March which is more than double the average of the next ten golfers. So don’t worry – we haven’t forgotten about you, Tiger.

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