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BLD (TopBuild) is being acquired by QXO in a massive $17 billion deal that values the insulation installer at $505 per share. Shareholders can choose between $505 cash or 20.2 QXO shares, with the final mix structured as 45% cash and 55% stock. The acquisition price represents 14.9x 2025 EBITDA before synergies (dropping to 11.8x after synergies), and positions the combined entity as the second-largest publicly traded building products distributor in North America as QXO continues its aggressive M&A strategy.
MRVL (Marvell) is deepening its relationship with Google through a partnership to develop two distinct custom chip types: a memory processing unit designed to work alongside Google's existing TPUs, and an entirely new TPU focused on the inferencing market. This collaboration reflects Google's strategic push to reduce its heavy dependence on AVGO (Broadcom) for TPU co-design work, diversifying its chip development partnerships (The Information).
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