Stock Movers ServiceNow Drops, Franklin Resources Rises, iRobot Plunges After Filing for Bankruptcy
Dec 15, 2025
Christine Aquino, a Bloomberg reporter specializing in corporate news, dives into the market shifts impacting major players. She reveals the latest on ServiceNow’s stock decline amidst a potential $7 billion acquisition of Armis. Franklin Resources sees a rise as the DOJ prepares to close its investigation without charges. Meanwhile, iRobot's shocking bankruptcy filing leads to a significant stock plunge, raising eyebrows about its future. Listen in for insights and personal anecdotes about Roomba robots!
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ServiceNow's Costly Cybersecurity Play
- ServiceNow is reportedly in advanced talks to buy cybersecurity startup Armis for up to $7 billion.
- Bloomberg Intelligence questions paying $7B for about $300M in ARR as potentially expensive.
Market Reacts Fast To M&A Rumors
- M&A rumors can sharply move tech stocks even before deals are finalized.
- ServiceNow's shares fell over 10% on the Armis talks, showing investor sensitivity to deal terms and price.
Franklin Nears DOJ Resolution
- Franklin Resources said the DOJ is preparing to resolve its Western Asset probe without criminal charges.
- That news helped BEN shares rise modestly as the firm seeks to move past withdrawals and turmoil.