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“Kanye West no longer buying social media app Parler” The parent company of social media platform Parler and American rapper Kanye West, who now goes by Ye, have agreed to terminate the intent of the sale of Parler, according to a statement from Parlement Technologies on Thursday. “This decision was made in the interest of both parties in mid-November,” the company…
“Penguin Random House scraps $2.2B deal with Simon & Schuster” Penguin Random House, the world’s largest publisher, and rival Simon & Schuster have scrapped a $2.2 billion deal to merge, Penguin owner Bertelsmann said in a statement. Bertelsmann, a German media group, initially said it would appeal a US judge’s decision which said its bid to…
“Estée Lauder acquiring fashion label Tom Ford for $2.8B” Estée Lauder said Tuesday it clinched a deal to buy fashion label Tom Ford for $2.8 billion in what would be its biggest acquisition. The deal will help Estée beef up its luxury offerings at a time when demand for high-end apparel and accessories remains resilient despite record inflation in…
“Feds probing Sam Bankman-Fried’s crypto exchange FTX: report” Two top US financial regulators are probing whether crypto exchange FTX properly handled customers’ funds, and its relationship with other parts of Sam Bankman-Fried’s crypto empire, Bloomberg News reported on Wednesday. The Securities and Exchange Commission and the Commodity Futures Trading Commission are probing FTX’s relationship with its American counterpart FTX US and…
“Activision insiders fret $69B Microsoft merger could crumble” Microsoft’s $69 billion Activision buyout is facing heightened scrutiny from regulators — and some insiders at the game studio behind “Call of Duty” are worried that the Xbox maker could effectively blow up the deal, The Post has learned. Antitrust authorities in the US, United Kingdom and European Union…
“Cathie Wood fund seeks to unload Twitter shares to retail investors” A technology fund run by Cathie Wood was a co-investor in Elon Musk’s pricey deal to take Twitter private — and now it’s trying to unload its stake in the struggling social network to retail investors, The Post has learned. Cathie Wood — a…
“Judge blocks Penguin Random House from merging with Simon & Schuster” A federal judge has blocked the $2.18 billion merger between two book-publishing giants — Penguin Random House and rival Paramount Simon & Schuster — saying the mega-deal would unlawfully reduce competition. On Monday, US District Judge Florence Pan blocked the merger between Bertelsmann’s Penguin…
“Elon Musk completes $44B Twitter takeover, begins firing execs” Elon Musk finally completed his $44 billion Twitter takeover deal, firing the company’s CEO and financial chief and ending a lengthy tug-of-war with its board of directors just before a key deadline, according to a source close to the situation. Musk took the struggling social network…
“Elon Musk-Twitter deal ‘still on track’ despite security report” Elon Musk’s $44 billion Twitter buyout is still expected to close next week, analysts and a source familiar with the deal said, despite a curveball report about a potential national security review that sent Twitter shares tanking on Friday. Twitter shares closed down 4.9% at $49.89…
“Elon Musk says he’s ‘obviously overpaying’ for Twitter” Tesla CEO Elon Musk admitted on Wednesday that he is “obviously overpaying” for Twitter — but the billionaire said he’s nonetheless “excited” to own the social media site. “Though myself and the other investors are obviously overpaying for Twitter right now, the long-term potential for Twitter is…