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“Elon Musk’s $44B Twitter deal in jeopardy over fake accounts” Elon Musk may soon walk away from his $44 billion agreement to buy Twitter because he believes he does not have enough information to determine the level of fake accounts, according to published reports Thursday. The world’s richest man claims Twitter’s spam accounts are not…
“Florida radio host Lourdes Ubieta quits after Soros-backed media group buys station” A popular conservative radio host has quit her high-profile Miami gig ahead of the anticipated purchase of her station by a George Soros-backed liberal group, according to a report. Cuban-American Lourdes Ubieta, who hosted a show on Miami’s Radio Mambi, said she rejected…
“FTX signs deal with option to buy BlockFi for up to $240M” Sam Bankman-Fried’s FTX crypto exchange has signed a deal with an option to buy embattled crypto lender BlockFi for up to $240 million, BlockFi Chief Executive Zac Prince said on Friday. FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a…
“Crypto exchange FTX exploring Robinhood acquisition: report” Crypto billionaire Sam Bankman-Fried’s exchange firm FTX is reportedly exploring a possible acquisition of Robinhood – a development that sent shares of the struggling stock trading platform soaring 14% on Monday. Executives at FTX, a leading cryptocurrency exchange that rivals Coinbase and Binance internationally, are “deliberating internally” on…
“Merger whispers between Cushman and Newmark reignite at REBNY Gala” Rumors can be made of flimsy stuff. But they take on added attention when so little verifiable, large-scale activity is taking place in the commercial office market these early summer days. One tale that has tantalized the commercial brokerage world for months is that Cushman…
“Elon Musk talks layoffs, aliens in Q&A with Twitter employees” Elon Musk staged a town hall meeting with Twitter employees on Thursday, answering questions on everything from layoffs and remote work to politics and aliens as he appeared to double down on his $44 billion commitment to take over the company. Asked about whether he…
“Warner Bros. Discovery reveals aggressive cost-cutting plan” Warner Bros. Discovery, owner of CNN, HBO Max, TLC and Food Network, is mounting an aggressive cost-cutting plan ahead of its promise to find more than $3 billion in savings in 2023. CEO David Zaslav has wasted no time since the $43 billion merger between Discovery and WarnerMedia…
“Vitamin Shoppe owner doubles down on $8B Kohl’s buyout: source” The boss of the company that owns Vitamin Shoppe has been telling investors this week he still aims to buy the struggling department store chain despite skepticism from Wall Street, The Post has learned. Brian Kahn, CEO of the Franchise Group, has been reiterating in…
“Twitter to provide Elon Musk with data ‘firehose’ during spam bot dispute: report” Twitter will reportedly address Elon Musk’s concerns about the number of spam bots in its user base by providing full access to its internal platform data — a reversal that came after the billionaire threatened to quash his effort to buy the…
“Kohl’s auction delayed indefinitely: sources” Kohl’s received two offers Thursday to buy the struggling retail giant – both well below the amount the company turned down earlier this year and expected even a few weeks ago, the Wall Street Journal reported. The takeover bids came from private-equity firm Sycamore Partners, which offered a price in…