Warner Bros. officially deems Paramount’s bid ‘superior,’ and Netflix withdraws
Warner Bros. Discovery has formally declared Paramount Skydance’s latest takeover proposal a “superior” offer to its existing deal with Netflix, ...
Tag: m&a
Crypto VC Framework Ventures to take $45 million stake in mortgage issuer Better.com
A crypto investor is helping a publicly traded mortgage issuer dive into DeFi. Better.com announced on Monday that Framework Ventures ...
Netflix’s co-CEO argues its WBD deal won’t hurt consumers. If so, they can cancel with one click
Netflix’s co-CEO told lawmakers the company’s merger deal with Warner Bros. Discovery won’t hurt its customers and said subscribers can make ...
Elon Musk’s SpaceX buys xAI in stunning deal valued at $1.25 trillion ahead of looming IPO
Elon Musk’s rocket company SpaceX has acquired xAI, the artificial intelligence firm founded by Musk three years ago, in a ...
Netflix may turn into an ‘entertainment giant,’ but its stock looks like ‘dead money’ to investors
Despite beating recent earnings estimates and posting record results, Netflix stock recently hit a 52-week low. Wall Street’s cold shoulder ...
Nathan’s Famous goes from 5-cent hot dog stand in Coney Island to $450 million acquisition by Smithfield Foods over 100 years later
Nathan’s Famous, which opened as a 5-cent hot dog stand in Coney Island more than a century ago, has been ...
Polygon Labs buys two crypto startups for $250 million as it looks to compete with Stripe
The blockchain developer Polygon Labs has closed deals to buy the crypto startups Coinme and Sequence. The total purchase price ...
Allegiant to acquire Sun Country in deal valued at $1.5 billion
Allegiant Travel Co. will acquire Sun Country Airlines Holdings Inc. in a cash-and-stock deal valued at $1.5 billion including Sun ...
I’m the SolarWinds CEO. Here’s why a $4.4 billion move to go private was right for us
The market in 2024 shifted into a slower and more uncertain period. IPO activity cooled, and M&A momentum slowed as ...
‘Largest LBO in history’: Warner rejects Paramount again, scoffing at $87 billion worth of debt in its $108 billion bid
Warner Bros. Discovery’s Board of Directors has again unanimously recommended that WBD stockholders reject the revised offer from Paramount Skydance (PSKY) announced December ...
Meta claims ‘no continuing Chinese ownership interests in Manus AI’ after reported $2 billion deal to shore up in AI agent race
Meta is buying artificial intelligence startup Manus, as the owner of Facebook and Instagram continues an aggressive push to amp up ...
Paramount rips Warner’s sale ‘process’ as it reveals 2-year-long pursuit and escalating bids before going hostile
Paramount Skydance’s tender offer for Warner Bros. Discovery emerged from months of fitful courtship, a shifting media landscape, and a ...
Kushner suddenly enters the Paramount–Netflix fight with Saudi billions and a fresh mega-deal
Jared Kushner has quietly reemerged as a player in one of the biggest takeover fights in modern Hollywood. Paramount’s audacious, ...
Paramount, Netflix spur Wall Street race to win jumbo loan deals
In the space of less than a week, the bidding war for Warner Bros. Discovery Inc. has unleashed two multi-billion ...
Paramount launches WBD hostile bid that includes Trump son-in-law Jared Kushner
In a separate regulatory filing, Paramount disclosed that Affinity Partners, the private equity firm led by Jared Kushner, is part ...
A Thanksgiving dealmaking sprint helped Netflix win Warner Bros.
The Netflix Inc. plans that clinched the deal for Warner Bros. Discovery Inc. started to shape up around Thanksgiving. A deadline was looming: ...
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