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“#Canopy Growth to buy rival Supreme Cannabis in marijuana merger” Canada’s Canopy Growth said Thursday it will buy rival Supreme Cannabis for C$323.3 million ($256.85 million), as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand. US-listed shares of Canopy rose 1.3 percent to $30.33 after it announced the cash-and-stock deal for…
“#Spotify buys sports-talk app Locker Room” Spotify is acquiring live audio sports app Locker Room and its maker Betty Labs — with plans to expand the app’s reach into broader segments of pop culture, according to a new report. The deal, which is backed by Lightspeed Venture Partners, Google Ventures and Precursor Ventures, is valued…
“#Investors flee James Dolan decision to merge MSG’s owner with its cable network” Billionaire James Dolan is merging the company that owns the Madison Square Garden arena with the cable network that broadcasts New York Knicks games to local fans — and investors are running for the exits. Madison Square Garden Entertainment — which in…
“#News Corp. to buy Investors Business Daily for $275M” News Corp. on Thursday said it has agreed to buy Investors Business Daily for $275 million, a deal that will beef up the company’s portfolio of financial news publications. IBD, which is being sold by O’Neil Capital Management, will continue with its 130 employees headquartered in…
“#Tribune, owner of NY Daily News, backs Alden Global’s bid despite higher offer” Tribune Publishing’s board has decided to stick with a buyout bid from its largest shareholder, Alden Global, despite getting a higher offer from hotel tycoon Stewart Bainum after the hedge fund said it would not support an alternative deal. Tribune, the owner of…
“#Microsoft reportedly looks to buy Discord for $10 billion” Microsoft is in talks to buy the fast-growing chat service Discord for more than $10 billion as it looks to bolster its gaming business, a new report says. The Windows maker is among multiple suitors for Discord — which is also considering going public, according to…
“#BuzzFeed takes buzzsaw to newly acquired HuffPost” Just three weeks after finalizing a deal to buy HuffPost, Jonah Peretti’s BuzzFeed is taking a buzzsaw to the left-leaning news and culture site. BuzzFeed on Tuesday said it made a series of cuts in HuffPost that will result in 47 US jobs lost, including Executive Editor Hillary…
“#Lenders mull plan to take Hertz public post-bankruptcy” There’s a battle brewing over Hertz that could determine whether the car rental company — and original “meme stock” — remains a publicly traded company, The Post has learned. Hertz on Tuesday proposed exiting bankruptcy by putting a group of new investors in the driver’s seat, including…
“#Square buys majority stake in Tidal, adds Jay-Z to board” Square has reached a deal with Jay-Z to take control of Tidal in an attempt to rejuvenate the struggling music streamer. The Jack Dorsey-led financial services firm will pay $297 million in cash and stock for a “significant majority ownership stake” in Tidal, which the…
“#Las Vegas Sands to sell Venetian casino, Sands Expo for $6.25B” Las Vegas Sands is selling the iconic Venetian casino resort and its Sands Expo and Convention Center for $6.25 billion, withdrawing from gambling operations on the Las Vegas Strip after changing the nature of the casino business there and just about everywhere else. The…