#Spotify buys sports-talk app Locker Room

#Spotify buys sports-talk app Locker Room

“#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…

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#News Corp. to buy Investors Business Daily for 5M

#News Corp. to buy Investors Business Daily for $275M

“#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…

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#BuzzFeed takes buzzsaw to newly acquired HuffPost

#BuzzFeed takes buzzsaw to newly acquired HuffPost

“#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…

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#Lenders mull plan to take Hertz public post-bankruptcy

#Lenders mull plan to take Hertz public post-bankruptcy

“#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…

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#Square buys majority stake in Tidal, adds Jay-Z to board

#Square buys majority stake in Tidal, adds Jay-Z to board

“#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…

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