VSNT News & Events

Versant Media Group entered into a definitive agreement to acquire Full Swing, a leading sports technology company with patented hardware and integrated software used by consumers, competitive athletes, coaches, and commercial venues. Under the terms of the agreement, Versant will acquire Full Swing from Bruin Capital and a group of minority investors for approximately $530M in cash, subject to customary purchase price adjustments. Full Swing will add an interactive sports platform to Versant's portfolio, spanning immersive simulation, launch monitors, virtual greens, integrated software, and performance data. Built first in golf and now extending into baseball and other sports, Full Swing supports data-driven practice, play, training, and entertainment across at-home, commercial and professional environments with simulated sports and family entertainment experiences. The transaction will build on Versant's leadership in golf while expanding the company's capabilities into interactive sports experiences. Full Swing will be anchored in Versant's golf business, supported by Golf Channel, GolfNow and GolfPass, and will provide a new way to engage the growing golf community. The acquisition will also create opportunities to develop a unique ecosystem across content, commerce, training, venues, and performance data, while supporting Full Swing's continued growth as a sports technology company. Following the closing of the transaction, Full Swing will operate within Versant's Digital Platforms and Ventures portfolio, and Dotters will join Versant, reporting to McIntosh. The transaction is subject to customary closing conditions and is expected to close in the second half of 2026.

The major averages closed sharply higher amid renewed optimism around the talks between U.S. President Trump and China's President Xi Jinping. Markets are extending a rebound despite another wave of inflation anxiety as investors continue favoring AI and semiconductor names over broader macro concerns.Big tech names continue lifting the markets, with Cisco's quarterly reporting giving the Dow a boost. Nvidia also helped after Reuters reported the U.S. has cleared about 10 Chinese companies to buy the company's H200 AI chip.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Ciscoprovided areport for Q3 but said it is cutting 4,000 jobsAbout 10 Chinese firms, including Alibabaand Tencent, have been cleared to purchase Nvidia'sH200 chips,AI chipmaker Cerebras Systemsafter its IPO was priced at $185 per shareHasbroreportedearnings and revenueVersant Mediareportedand said it expects to enter into a $100M accelerated share repurchase agreement2. WALL STREET CALLS:Starbucksto Buy at TD CowenCheesecake Factoryto Neutral at JPMorganWhirlpoolto Neutral at Goldman SachsDoximityto Neutral or equivalent at BTIG, Wells Fargo, Jefferies, Baird and KeyBanc following earnings and guidanceDraftKingswith an Underperform at BNP Paribas3. AROUND THE WEB:Netflixis working on an AI animation studio called INKubator, Lowpass reportsPresident Trump said that Chinese President Xi Jinping has committed to purchasing 200 Boeingaircraft, Bloomberg reportsMicrosoft'sLinkedIn has "implemented organizational changes," according to a source, with plans to cut roughly 5% of its 17,500 full-time workers and focus on business growth areas, Reuters reportsNew York State Comptroller Thomas DiNapoli, New York City Comptroller Mark Levine and California Public Employees' Retirement System CEO Marcie Frost, leaders of three of the largest U.S. public pension systems, sent a letter to Elon Muskdetailing the concerns they have over SpaceX's "extreme" ownership, Reuters saysSecurity researchers say they have discovered a new way of circumventing Apple'ssecurity technology, using techniques they discovered while testing an early version of Anthropic's Mythos AI software in April, WSJ says4. MOVERS:Poet Technologieswas higher in New York afterStubHubincreased afterand backing its guidance for FY26Ondasand Aquestive Therapeuticsgained afterRegenxbiowas lower after, with EPS lower year-over-yearAelumaand Doximityfell after5. EARNINGS/GUIDANCE:Milestone Scientific, with CEO Eric Hines commenting, "Our first quarter results reflect continued progress as we execute on the foundation established in 2025"Klarna, with revenue beating consensusLegenceand raised its guidance for FY26XTI Aerospaceand provided guidance for FY26NIQ Globaland provided guidance for Q2 as well as FY26INDEXES:The Dow rose 370.26, or 0.75%, to 50,063.46, the Nasdaq gained 232.88, or 0.88%, to 26,635.22, and the S&P 500 advanced 56.99, or 0.77%, to 7,501.24.