Nasdaq

Digital Brands Group Weighs $77.58 Shareholder Cash Offer

Digital Brands Group said on Aug. 6, 2026 it has received a proposal from one of its shareholders to acquire all outstanding shares of its common stock for $77.58 per share in cash. The offer would far exceed the company’s recent market price (the stock opened at $13.97). The unnamed shareholder reportedly has a net worth of more than $1 billion. Digital Brands Group’s board is consulting with a recently retained financial adviser and has not set a deadline to decide. The company is conducting a broader strategic review after earlier indicating it was exploring a sale, merger or other transaction.

Uber issues weak Q3 bookings and earnings guidance

Uber reported second-quarter earnings roughly in line with expectations but issued weaker-than-expected guidance for the third quarter. Q2 EPS was $0.81 (in line) and revenue was $14.19 billion (slightly below the $14.24 billion consensus). Total bookings in Q2 were $58 billion, above StreetAccount estimates, but Uber’s Q3 bookings midpoint of $59.25 billion and EPS guidance of $0.84–$0.88 missed analysts’ averages. Uber said net income rose to $2.39 billion and highlighted mobility and delivery growth. The company reiterated large investments in autonomous vehicles, expecting to commit more than $10 billion, and announced a $14.8 billion agreement to acquire Germany’s Delivery Hero. Regulators in London cleared a step for Wayve to operate robotaxis with Private Hire Vehicle licenses.

Saudi PIF-led consortium completes $55B EA buyout

Led by Saudi Arabia’s Public Investment Fund, a consortium including Silver Lake and Affinity Partners completed a $55 billion acquisition of Electronic Arts in early August 2026, taking the company private in what is described as the largest leveraged buyout in history. PIF holds 93.4% (Silver Lake 5.5%, Affinity 1.1%); shareholders received $210 in cash per share (about a 25% premium) and EA was delisted from Nasdaq. The transaction, announced September 2025 and approved December 22, 2025, converted executive equity to cash (CEO Andrew Wilson stood to receive roughly $105.9m per an SEC filing). PIF is reportedly borrowing $20 billion from adviser JPMorgan to help finance the deal. Analysts warn the high debt load could prompt a focus on safe franchises or cost cuts, even as the buyers signal intent to invest in growth, mobile user acquisition and AI-driven development.