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“#Burger King parent company to buy Firehouse Subs for $1B” Tim Hortons, Popeye’s and Burger King parent Restaurant Brands International will add Firehouse Subs to its portfolio in an all-cash deal for $1 billion. RBI said in a statement Monday that the transaction will offer “significant long-term unit growth potential to drive attractive returns for all stakeholders and is…
“#Disney shares pare gains after report on ESPN spinoff is called ‘inaccurate’” Shares of Disney jumped as much as 3 percent Friday after a report said the company was considering a spinoff of its ESPN sports networks. But shares of the Mouse Houses gave back some of their gains, closing the day up only 1.2…
“#LeBron James’ company SpringHill valued at $725M in new deal” SpringHill, the entertainment company co-founded by NBA star LeBron James, is selling a minority stake to a group of high-profile investors in a deal that values the business at $725 million, the companies said Thursday. The size of the stake was not disclosed. The group…
“#Barry Diller’s IAC in talks to buy People publisher Meredith” Barry Diller’s IAC is in advanced talks to acquire Meredith, the publisher of magazines such as People, InStyle and Real Simple, according to a report. The deal, which is estimated to be valued at more than $2.5 billion, would broaden IAC’s stable of online publications,…
“#NY Daily News editor-in-chief Robert York out in surprise shakeup” The New York Daily News ousted its top editor in an unexpected shakeup on Monday. The 102-year-old paper said its editor-in-chief Robert York is being replaced on an interim and “as-needed” basis by Andrew Julien, the editor and publisher of its sibling publication, The Hartford…
“#Apollo Group taps Tinder CEO as whiplashed employees hold their breath” After a revolving door of CEOs, strategies and even names over the past decade, Yahoo Media employees are hoping this time it’s a match. Apollo Global Management, which bought Yahoo from Verizon Media in a $5 billion deal that closed last week, named Tinder…
“#UPS plans to buy same-day delivery company Roadie” United Parcel Service on Friday announced plans to buy Roadie, a crowd-sourced, same-day delivery company whose major clients include home improvement chain Home Depot. The tie-up comes after key UPS retail customers like Amazon, Walmart and Target built or bought gig delivery services to provide speedy local delivery of everything…
“#Vice Media faces uncertain future after SPAC talks fall through” The once bright star of Vice Media could now face a darkening future after talks to go public through a special acquisition company fell through. The Brooklyn-based media company that was founded by the bombastic exec Shane Smith, has ended talks to go public via…
“#Shari Redstone’s ViacomCBS mega-merger a mess” A few years ago, it seemed that Shari Redstone hit the jackpot: Not only did she finally get rid of her chief tormentor in Les Moonves, she also pushed through a long-sought formal merger of the two companies she controlled, CBS and Viacom. The merger was a career moment…
“#Lawyers fight back following attack on SPACs” The nation’s top law firms are clapping back against an explosive lawsuit filed last week that argues so-called special-purpose acquisition companies, or SPACs, should be regulated as investment vehicles. In a letter released Friday, 49 of the most prestigious law firms in the US came to the defense…