Similarweb (SMWB) and Perplexity said Wednesday they have expanded their partnership that brings Similarweb's digital data into the latter's AI-native workflows.
The integration strengthens Similarweb's position as the digital data layer powering AI-driven business workflows in Perplexity computer, the companies said.
Price: $4.05, Change: $-0.33, Percent Change: -7.53%
JPMorgan Chase (JPM) is preparing to launch a $1.85 billion debt financing package to back Belden's (BDC) acquisition of Ruckus Network, Bloomberg reported Wednesday, citing people familiar with the situation.The leveraged loan financing is expected to be marketed to institutional investors imminently, the people told Bloomberg.Belden agreed in April to acquire Ruckus Network from Vistance Networks (VISN) for about $1.85 billion, obtaining fully committed debt financing from JPMorgan. The bank has since brought additional lenders into the lineup, including Wells Fargo (WFC), the report added.Wells Fargo declined to comment, while JPMorgan Chase, Belden and Ruckus Network didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $300.21, Change: $-0.75, Percent Change: -0.25%
Barclays (BCS) is advising borrowers to "prepare for war, but hope for peace" due to an upcoming maturity wall for software companies, Bloomberg reported Wednesday, citing Na Wei, global head of leveraged finance of the bank.Panelists at the Bloomberg Global Credit Forum, including Wei, said direct lenders are being more selective this year, with Wei saying private credit is "bidding to lose" in some cases, according to the report.Concerns about private credit firms' exposure to the software sector and the potential negative impact of artificial intelligence developments have brought the market's first major stress test in 2026, Bloomberg said.Barclays did not immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $24.73, Change: $-0.56, Percent Change: -2.20%
(Updates with Pershing's reply to a request for comment in the last paragraph.)Pershing Square (PS) will sell about 80.6 million shares in an overnight placing, as Bill Ackman's hedge fund looks to exit its position in Universal Music Group, Bloomberg reported Wednesday, citing a statement.The sale comes days after Universal Music rejected Pershing's takeover bid, the report said. Bank of America (BAC) is marketing the shares at a range of 17.66 euros ($20.48) to 18.62 euros each, the report said, citing the terms that it viewed.Pershing Square declined to comment, while Universal Music didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $35.21, Change: $-0.97, Percent Change: -2.68%