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“#Dunkin’ stock hits new high after $11 billion takeover deal” Dunkin’ Brands Group’s $11 billion takeover deal looks pretty sweet to Wall Street. The doughnut chain’s stock price soared to a new all-time high Monday after it announced plans to sell itself to Inspire Brands, the private equity-backed conglomerate behind Arby’s and Buffalo Wild Wings….
“#Sony reportedly buying anime streaming platform Crunchyroll for nearly $1B” Sony, the Tokyo-based electronics and entertainment giant, is reportedly closing in on a deal to buy anime streaming service, Crunchyroll, for nearly $1 billion. Sony could end up spending more than $957 million on the service, which is owned by AT&T, according to financial publication,…
“#LVMH reportedly settles on new discounted price to buy Tiffany” LVMH and Tiffany & Co. are reportedly closing in on a revised merger deal that would give the French conglomerate a discount on the storied New York jeweler. The luxury titans have reached a preliminary agreement on new terms for the blockbuster tie-up that would…
“#Charles Schwab to cut 1,000 staffers after TD Ameritrade takeover” Charles Schwab and TD Ameritrade’s merger aimed at dominating the discount stock-trading market will come with a cost for some of their staffers. Schwab plans to lay off about 1,000 workers now that it’s acquired its one-time rival in an effort to “reduce overlapping or redundant…
“#Dunkin’ shares surge amid talks to go private in $8.8B deal” Investors gobbled up shares of Dunkin’ Brands on Monday after the doughnut chain said it’s in talks to be acquired by restaurant conglomerate Inspire Brands. The Massachusetts-based company’s stock price surged as much as 18.1 percent to $104.87 in early trading after it said…
“#Volkswagen nearing a deal with Carl Icahn to buy Navistar” Volkswagen has been locked in a staring contest with Carl Icahn — and the billionaire is blinking. Navistar — the maker of the International brand of big-rig trucks whose big shareholders include Icahn and his former protégé Mark Rachesky — reached a deal in principle…
“#Warner Bros. execs not interested in buying struggling theaters” It looks like Hollywood has no plans to save the struggling movie theater business, despite being given the greenlight earlier this year to start owning cinemas again after a 72-year ban. Donna Langley, chairman of Universal’s filmed entertainment group and Ann Sarnoff, chair and chief executive…
“#DOJ shoots down DirecTV and Dish merger again” Charlie Ergen’s dream of merging his Dish Network with AT&T’s DirecTV has been squashed by the Department of Justice — yet again, The Post has learned. Regulators with the DOJ’s antitrust division recently informed executives of AT&T that a marriage between DirecTV and Dish would likely have…
“#SoftBank’s Vision Fund to launch its own blank-check company” SoftBank is hopping on the blank-check company bandwagon. The Japanese finance giant known for big bets on startups such as WeWork and Uber is planning to launch its own special-purpose acquisition company, an investment vehicle favored by a growing number of billionaires, according to reports. SoftBank’s…
“#Shaquille O’Neal, MLK’s son and ex-Disney execs team up for tech deal” Shaquille O’Neal is teaming up with three former high-ranking Disney execs and one of Martin Luther King Jr.’s sons to make deals in the media and technology space. The new group, called Forest Road Acquisition Corp., aims to raise $250 million for potential…