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“Paramount Skydance victory in Warner Bros. Discovery bidding war came after failed Netflix exec visit to win over White House” Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and…
“Online retailer eBay buying Gen Z secondhand marketplace Depop from Etsy for $1.2B in cash” Online seller eBay wants a bigger share of the Gen Z market. The online seller has agreed to purchase secondhand fashion marketplace Depop from Etsy for about $1.2 billion in cash, the companies said Wednesday. The deal comes at a…
“Saks Global headed toward bankruptcy after missing debt payment: report” Saks Global is reportedly headed toward bankruptcy after missing payment for the debt it took on to acquire Nieman Marcus. The largest luxury retailer in the world, whose brands include Saks Fifth Avenue, Bergdorf Goodman and Saks off 5th, missed a $100 million payment to…
“Warner Bros. Discovery to review Larry Ellison’s offer to guarantee Paramount Skydance’s $78B takeover bid: sources” Warner Bros. Discovery’s board will review an offer from tech tycoon Larry Ellison to personally guarantee Paramount Skydance’s $78 billion hostile takeover bid – adding a fresh twist to a bidding war that has most recently favored Netflix, On…
“Bloomberg reportedly eyes WSJ parent Dow Jones, Washington Post” Billionaire Michael Bloomberg wants to expand his media empire — and is interested in buying either Dow Jones, the parent company of the Wall Street Journal, or the Washington Post, according to a report. Citing sources “familiar with Bloomberg’s thinking,” Axios reported Friday that Bloomberg wants…
“FTC votes to block Microsoft’s $69B Activision acquisition” The Federal Trade Commission has sued to block Microsoft’s $69 billion deal to buy Activision Blizzard, claiming that the mega-deal would stifle competition in the lucrative video-game industry, sources told The Post. The aggressive clampdown under FTC Chair Lina Khan — a 33-year-old legal prodigy who has…
“Microsoft bringing ‘Call of Duty’ to Nintendo in 10-year deal” Microsoft has entered into a 10-year commitment to bring the gaming title “Call of Duty” to Nintendo platforms, the chief executive officer of Microsoft Gaming, Phil Spencer, said in a post on Twitter on Wednesday. The agreement will bring the popular first-person shooter series from Activision Blizzard to Nintendo game…
“Microsoft president Brad Smith to meet with FTC bigs over $69B Activision deal” Mr. Smith is going to Washington — and the hope is to get Microsoft’s $69 billion acquisition of Activision cleared by the feds. Microsoft President Brad Smith is planning to meet with the Federal Trade Commission’s three Democratic members on Wednesday in…
“Goldman Sachs’ David Solomon eyes bargain crypto firms” Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest. FTX’s implosion has heightened the need for more trustworthy, regulated cryptocurrency players, and big banks see an opportunity to…
“Rift at FTC stirs hope for Microsoft’s $69B Activision merger” A rift has emerged at the Federal Trade Commission over Microsoft’s $69 billion deal to acquire Activision — potentially paving the way for the controversial mega-merger to get approved, The Post has learned. At least one Democrat on the four-member panel has recently taken a…