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“WarnerMedia staff fear layoffs in Discovery merger” WarnerMedia staffers are bracing for another bloodbath ahead of the completion of its merger with Discovery. Some staffers at WarnerMedia are already preparing to be booted after Discovery announced a slew of senior-level departures this week. The nine departures included the exit of WarnerMedia CEO Jason Kilar, who…
“JetBlue offers $3.6 billion for Spirit Airlines: report” Spirit Airlines on Tuesday said it received an unsolicited offer from JetBlue Airways for about $3.6 billion, potentially snarling merger plans between Frontier Group Holdings and Spirit. Shares of Spirit rose 22%, their highest level since mid-February. Airline stocks have suffered as air travel fell-off dramatically during…
“WarnerMedia CEO Jason Kilar to exit following CNN dustup over Zucker’s ouster” WarnerMedia CEO Jason Kilar said he is leaving the company when the AT&T entertainment unit’s merger with Discovery closes on Friday — just weeks after he faced a backlash over the ouster of CNN boss Jeff Zucker. Kilar has been a lightning rod…
“Activist investor urges Kohl’s to be more transparent about sales process” Activist investment firm Macellum Advisors GP LLC on Monday urged Kohl’s to be more open about its sales process, urging the retailer to give bidders and shareholders a fuller financial picture of itself. The firm, in a letter to Kohl’s board, asked the company…
“OnlyFans seeks IPO, but porn a turnoff for investors: report” OnlyFans is looking to partner up with a blank-check company, or SPAC, to lay the groundwork for an initial public offering — but there are no takers despite the porn platform strong finances, according to a report. Potential investors and SPAC partners have been hesitant…
“TV ratings company Nielsen to be acquired for $16 billion” Nielsen is being acquired for $16 billion, including debt, about a week after the media measurement company rejected a $9 billion offer. Viewing data collected by Nielsen plays a big role in determining where billions in advertising dollars are spent each year. The company itself…
“Saks Fifth Avenue owner likely front-runner in bid for Kohl’s: source” Canadian department store chain Hudson’s Bay Co. is the likely front-runner in a bidding war for budget department store Kohl’s, a source familiar with the matter told The Post. Kohl’s has received “multiple” expressions of interest to acquire the chain, the company said on…
“Kohl’s ignites bidding war and stock jumps 16%” A bidding war for discount department store Kohl’s has erupted, sending its share price up more than 16%. At least three bidders — including Hudson’s Bay, the Canadian holding company that owns Saks Fifth Avenue — are submitting bids Wednesday to potentially acquire the discount department store,…
“#Kohl’s adopts ‘poison pill’ to ward off hostile takeover bids” Kohl’s says that recent offers to purchase the department store chain undervalue its business and said it’s adopting a shareholder rights plan to head off any hostile takeovers. The shareholder rights plan, which is effective immediately and is known as a “poison pill,” is set…
“#Microsoft’s $69B deal for ‘Call of Duty’ maker Activision to be reviewed by FTC” The antitrust review of Microsoft’s $68.7 billion proposed acquisition of “Call of Duty” maker Activision Blizzard will be handled by the Federal Trade Commission, Bloomberg News reported, citing a person familiar with the matter. The FTC, instead of the Justice Department, will…