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“#Tiffany shareholders back LVMH takeover, ending dispute” Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99 percent of votes cast were in favor of the…
“#JPMorgan to buy credit-card reward business of cxLoyalty” JPMorgan Chase said Monday it would buy the global loyalty division of cxLoyalty Group Holdings, a third-party credit-card loyalty program service provider. The transaction, whose financial terms were not disclosed, will see the Wall Street bank integrate cxLoyalty’s technology platforms, full-service travel agency, gift card, merchandise, and…
“#Square interested in buying Tidal from Jay-Z: report” So this is what that Hamptons yacht ride was all about. Tech billionaire Jack Dorsey has reportedly held talks with Jay-Z about his payments firm Square acquiring Tidal, the Brooklyn-born rapper’s music streaming service. Dorsey — also the co-founder and CEO of Twitter — is interested in…
“#MGM, movie studio behind ‘James Bond’ franchise, explores sale” MGM, the movie studio known for the James Bond franchise, is exploring a sale, according to a new report. Citing anonymous sources, the Wall Street Journal said late Monday that MGM has tapped investment banks Morgan Stanley and LionTree and begun a formal sale process. The…
“#Joanna Coles eyes second SPAC with Islanders co-owner” Joanna Coles — who once ran Marie Claire and its racier sister Cosmopolitan — is reinventing herself following her departure from Hearst. In addition to Freeform show “The Bold Type,” loosely based on her days at Cosmo, Coles has joined the male-dominated world of buying companies using…
“#AT&T disappointed with offers for DirecTV” AT&T’s attempt to unload DirecTV has been thrown into doubt, as the telecom giant has signaled it’s unhappy with the offers it has received for the struggling satellite-TV service, The Post has learned. Earlier this month, AT&T pushed back a deadline for final bids for DirecTV into January —…
“#Reddit buys TikTok rival Dubsmash in video content push” Reddit said it has acquired video-sharing platform Dubsmash, making it the latest social-media giant to mount a challenge to TikTok. Seven-year-old Dubsmash lets users create and share videos of themselves lip-syncing to songs or clips from movies. Reddit said it will integrate Dubsmash’s video creation tools…
“#MetLife sells home and auto insurance biz to Farmers for $4B” MetLife is selling its home and auto insurance business to Farmers Group for $3.94 billion, the insurers said Friday. The deal is part of a 10-year strategic partnership in which Farmers, which is owned by Switzerland’s Zurich Insurance Group, will get access to MetLife’s…
“#Hyundai to take over robot-maker Boston Dynamics” Hyundai Motor Group just bought itself a new robotic pet. The South Korean automaker announced plans Friday to take a controlling stake in Boston Dynamics, the cutting-edge tech firm known for its unsettlingly advanced dog-like robot. Hyundai said it will buy about 80 percent of Boston Dynamics from…
“#Silver Spike Acquisition shares soar amidWeedMaps merger” Shares of blank-check company Silver Spike Acquisition Corp. took off Thursday after it announced plans to merge with cannabis review platform WeedMaps. Investors sent the stock up as much as 42 percent after the company, formed last year to raise money to buy real businesses, said it has…