Eventbrite Inc (EB) News & EventsEBEventbrite Inc

Bitcoin Rebounds Supporting Market Stabilization; Multiple Companies Release Earnings

The major averages finished broadly higher, indicating some stabilization after yesterday's pullback. Some of the gains are related to the rise in Bitcoin, which also recouped some of its Monday losses, while companies in the AI space also supported the broader market.Looking to commodities, gold was sharply lower, giving back some of yesterday's gains. Meanwhile, oil prices fell ahead of this afternoon's API crude numbers.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Prediction markets company Kalshi announced a Series E funding round ofMongoDBprovided areport for Q3Credo Technologyreportedand provided upbeat Q3 revenue guidanceSignet Jewelersalso provided areport for Q3The Attorneys General of all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islandswith Google2. WALL STREET CALLS:Teradyneto Buy at Stifel on accelerating growthTruistSix Flagsto Buy on "promising" new CEOSymboticto Sell at Goldman SachsCloudflarewith an Overweight at BarclaysCircle Internetwith an Underperform at Wolfe Research3. AROUND THE WEB:Comcastis seeking to combine NBCUniversal with Warner Bros.,Netflixhas removed the ability to cast shows and movies from phones to TVs, including Chromecast with Google TV and Google TV Streamerdevices, unless subscribers are using older casting devices,Disney'sboard plans to announce a successor to CEO Bob Iger in early 2026, with internal candidates Josh D'Amaro and Dana Walden, the parks chief and television head, respectively, as leading contenders,BPhas withdrawn its application for the H2Teesside hydrogen hub in northern England after a planned data center project created a conflict over the same site,Banco Santanderhas sold a 3.5% stake in Santander Bank Polska for $473.1M, following its earlier agreement to divest roughly half of the unit to Erste Group,4. MOVERS:Eventbriteincrease after announcing itby Bending Spoons for $500M in cashBoeinggains after beingand CFO Jay Malave stating the company's recovery is in "full force"T1 Energyhigher after Johnson Riceof the stock with a Buy ratingJanux Therapeuticslower afterfor JANX007Vestisfalls afterand providing guidance for FY265. EARNINGS/GUIDANCE:Driven Brandsfor FY25United Natural Foods, with CEO Sandy Douglas commenting, "We started fiscal 202 with another quarter of solid execution"Encompass Healthreaffirmed itsSleep Numberbacked itsVillage Super Market, with EPS lower year-over-yearINDEXES:The Dow rose 185.13, or 0.39%, to 47,474.46, the Nasdaq gained 137.75, or 0.59%, to 23,413.67, and the S&P 500 advanced 16.74, or 0.25%, to 6,829.37.

Eventbrite to be Acquired by Bending Spoons for $500M in Cash

Eventbrite announced that it has entered into a definitive agreement to be acquired by Bending Spoons, in an all-cash transaction valued at approximately $500M. The acquisition is subject to customary closing conditions and approvals, including regulatory approvals and approval by Eventbrite's stockholders. Under the terms of the agreement, Eventbrite stockholders will receive $4.50 in cash for each share of Eventbrite capital stock that they own. The per-share purchase price represents an 82% premium over Eventbrite's 60-day volume-weighted average share price as of market close on December 1. The proposed transaction, which was unanimously approved by Eventbrite's board of directors, is expected to close in the first half of 2026, subject to customary closing conditions and approvals, including receipt of required regulatory approvals and approval by Eventbrite's stockholders. Upon the consummation of the proposed transaction, Eventbrite will become a privately held company and its capital stock will no longer be listed on any public stock exchange.