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Roundtable Enters $1 Billion Long-Term Agreement With Paradium.AI

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Roundtable (RTB) said Thursday it entered a $1 billion deal with Paradium.AI (PAAI), formerly The Arena Group, to migrate, operate, and monetize Arena's media portfolio on the company's AI and DeFi-powered MediaOS in a bid to deliver a profitable ecosystem to media brands and journalists.

Under the 10-year agreement, two dozen brands and around 100 million consumers will migrate to the MediaOS operating system, which eliminates publishers' operational overheads by replacing antiquated systems with a single AI-based platform, the company said.

Roundtable added that it expects a $100 million in annualized revenue and an EBITDA-positive run rate on a stand-alone basis.

The deal is expected to close by Q4, subject to conditions, including Roundtable's minority investment in Paradium.AI, according to a statement.

Price: $9.09, Change: $+0.20, Percent Change: +2.25%

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Halozyme Therapeutics Plans $1.05 Billion Offering of Convertible Notes

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Medical Properties Trust Completes Sale of 2 Idaho Hospitals

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$MPT
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BCB Bancorp Launches Stock Offering; Identifies Portfolio of Problem Loans; Expects Q3 Net Loss

BCB Bancorp (BCBP) said Wednesday it has launched an underwritten public offering of shares. Net proceeds will be used for general corporate purposes and to support capital, including in connection with the planned disposition of potential problem loans, among other purposes, it said.The company said that the management of its unit BCB Community Bank has identified for sale and started marketing of a portfolio of problem loans.The bank has received indications of interest from potential buyers covering all of the about $210 million principal balance of the problem loans for sale, it said, adding it expects to complete the sales during Q3.In addition, the bank said that during Q3, it plans to transfer about $27 million of commercial real estate loans showing credit weakness to held for sale. The bank also said it started marketing for the potential sale of its business lines focused on cannabis-related clients.The company said it now expects a Q3 provision for credit losses of $112 million to $120 million, and to post a Q3 net loss between $126.2 million and $136.1 million.BCB Bancorp shares were down nearly 8% in after-hours activity.

$BCBP