Goldman Sachs acquires Industry Ventures for up to $965 million

Investing.com - Goldman Sachs (NYSE:GS) announced the acquisition of Industry Ventures for up to $965 million, with $665 million due at closing, ahead of its third-quarter earnings release. The financial giant, currently valued at $249 billion with a stock price of $786.78, has demonstrated strong market performance with a 57.73% return over the past six months.

The strategic acquisition aims to increase Goldman Sachs’ depth within its alternatives platform, further expanding its venture and early-stage product capabilities expertise. According to InvestingPro, Goldman Sachs maintains robust financial health with liquid assets exceeding short-term obligations and has maintained dividend payments for 27 consecutive years.

Keefe, Bruyette & Woods maintained its Market Perform rating on Goldman Sachs stock with an $850.00 price target following the announcement.

The investment bank’s acquisition represents a modest positive development according to KBW, though the firm noted the relatively smaller size of the transaction.

More details about the acquisition may be provided during Goldman Sachs’ earnings commentary scheduled for Wednesday, October 15, 2025.

In other recent news, Novo Nordisk has announced a definitive agreement to acquire Akero Therapeutics in a deal valued at up to $5.2 billion. This acquisition aims to expand Novo Nordisk’s treatment portfolio for metabolic dysfunction-associated steatohepatitis. Under the agreement, Novo Nordisk will purchase all outstanding shares of Akero Therapeutics for $54 per share in cash, totaling approximately $4.7 billion. Additionally, Akero shareholders will receive a contingent value right of $6 per share, payable upon U.S. regulatory approval of Akero’s lead drug candidate.

In another development, a consortium of major international banks, including Goldman Sachs and Deutsche Bank, is exploring the issuance of digital money on public blockchains. Meanwhile, BMO Capital has initiated coverage on Goldman Sachs with a Market Perform rating, highlighting its strong operating leverage and strategic pivot. Furthermore, Goldman Sachs is leading a $5.5 billion leveraged loan to support Thoma Bravo’s acquisition of Dayforce. Lastly, auto repair firm Caliber Holdings is considering an IPO as early as 2026, working with Bank of America and Goldman Sachs on the potential offering.

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