It's one of those days where the corporate world seems to be playing a giant, high-stakes game of musical chairs. Companies are buying, selling, merging, and in some cases, just throwing their hands up and heading to bankruptcy court. Let's break down who's moving where.

Companies Testing the Waters

First up, a couple of firms are officially putting up the "For Sale" sign—or at least considering it. Polypeptide Group says it's conducting a review of strategic alternatives. That's corporate-speak for "we're open to ideas," which could mean finding a partner or selling the whole company. They're doing this in coordination with their majority shareholder, Draupnir Holding B.V., and the move comes amid reported interest from private equity giants like KKR and EQT.

Over in biotech, Reviva Pharmaceuticals (RVPH) is doing something similar. The company announced it's evaluating strategic alternatives to maximize the value of its drug brilaroxazine, which is used to treat conditions like schizophrenia. They framed it in a letter to shareholders as a move to "preserve optionality," which is a fancy way of saying they want to keep all their doors open.

The Big Buys and Strategic Moves

Now for the headline act. Amazon.com Inc. (AMZN) is making a massive bet on the sky, agreeing to buy satellite operator Globalstar, Inc. (GSAT) for a cool $11.6 billion. The goal? To accelerate its satellite internet venture, Project Kuiper. Here's a fun twist: the deal includes a strategic partnership with Apple. So, even though Amazon will own Globalstar, Apple's iPhone and Apple Watch will keep using its network for features like Find My and Emergency SOS. It's a rare moment of tech détente.

In other acquisition news:

• OpenAI bought personal finance startup Hiro Finance. Founder Ethan Bloch announced the deal on LinkedIn, noting the company will shut down its operations on April 20. Terms weren't disclosed.
• Maplebear, which does business as Instacart (CART), acquired Colombian grocery technology firm Instaleap. It will run as a wholly owned subsidiary initially, according to reports. Financial details? Also not disclosed.
• Medical tech company Avanos Medical Inc (AVNS) agreed to be bought by American Industrial Partners (AIP) for about $1.3 billion. Shareholders get $25 per share in cash, and the company will go private and delist from the NYSE after the deal closes, expected in the second half of 2026.
• Payward, the parent of crypto exchange Kraken, is buying Bitnomial for up to $550 million in a mix of cash and stock. The deal values Kraken's equity at $20 billion and should close in the first half of 2026.
• The maker of White Claw and Mike's Hard Lemonade, The Mark Anthony Group of Companies, is acquiring canned cocktail brand The Finnish Long Drink. Terms weren't shared, but the deal wraps up in the coming weeks.
• TPG signed a deal to acquire college sports media and tech company Learfield. It's expected to close in Q3 2026. Charlesbank Capital Partners will stay on as a minority investor.
• Eli Lilly And Co (LLY) is buying Houston-based biotech CrossBridge Bio for $300 million in cash. The payment includes an upfront sum and another payout if a specific development milestone is hit.
• Hillman Solutions Corp. bought U.S. hardware supplier Delaney Hardware. No financial terms were disclosed, but Hillman expects the deal to bring in over $10 million in net sales in its 2026 fiscal year.

Mergers Closing and Bankruptcies Filing

On the merger front, Horizon Technology Finance Corp. has completed its merger with Monroe Capital Corp. The combined entity gets $141 million in cash and $471 million in pro forma net assets, which Horizon plans to use to pay down debt and make new loans.

Then there's the less cheerful side of the ledger: bankruptcy court.

• Four Seasons Outdoor Services filed for Chapter 11, listing liabilities between $1 million and $10 million.
• Cumulus Media got a judge's approval for a bankruptcy restructuring that cuts its debt by $592 million and hands control to its lenders. The radio company filed in March, citing $697 million in debt and blaming competition from digital audio.
• Residential solar company Freedom Forever filed for Chapter 11, with debt between $500 million and $1 billion. It owes $114 million to solar finance company Mosaic Funding and millions more to various manufacturers.
• In a major retail move, QVC Group announced plans to file for Chapter 11 to deal with over $5 billion in debt. It has a restructuring deal and hopes to emerge in 90 days, operating normally in the meantime.
• Mississippi's Greenwood Leflore Hospital filed for Chapter 9 bankruptcy as it struggles financially and tries to negotiate a deal with the University of Mississippi Medical Center.
• And Spirit Airlines is reportedly on the brink of shutting down as it struggles to recover from its second bankruptcy filing and faces rising fuel costs, which could complicate talks with creditors.

So, to recap: some companies are spending billions to get bigger, some are looking for lifelines, and others are just trying to survive another day. Just another Friday in the markets.