Block (NYSE: XYZ), a credit card payment processing solutions provider, offers commerce ecosystem services for sellers. Founded in 2009 by Jack Dorsey and Jim McKelvey, the company is headquartered in San Francisco, California. Its stock price as of August 1, 2025, was $74.03, down 4.18% from the previous day. The company has a 'Outperform' consensus recommendation with a price target range of $35.00 to $105.00 and revenue estimates of $25.6B with EPS growth expectations of 56.3%.

Gray Media, Inc. has agreed to acquire Block Communications' television broadcast division for $80 million, which includes WDRB and other stations. The transaction aims to strengthen Gray's presence in the Midwest through strategic market expansion and regulatory approval.

Gray Media has agreed to acquire Block Communications’ television stations for $80 million, aiming to strengthen its presence in the Midwest by creating a new Big Four duopoly and adding top-ranked local news stations in three markets. The transaction is expected to close in the fourth quarter of 2025 following regulatory approval.

Block, Inc. shares declined 4.38% intraday following Gray Media's $80 million acquisition of Block Communications TV stations, which is expected to strengthen Gray Media's presence in the Midwest and potentially impact Block, Inc.'s stock performance. The article also includes questions about the implications of XRP adoption by Western Union and MoneyGram, Ripple's CEO selling XRP, and the impact of emerging XRP alternatives.

ARK ETFs under Cathie Wood's management made significant stock trades on July 30, 2025, buying shares in SoFi, PagerDuty, and AMD while selling positions in Roku, Joby Aviation, Rocket Lab, Trimble, and Block. These actions reflect strategic adjustments in the ETFs' portfolios amid evolving market conditions.