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“Paramount Skydance victory in Warner Bros. Discovery bidding war came after failed Netflix exec visit to win over White House” Netflix CEO Ted Sarandos failed Thursday to convince a skeptical Trump administration to approve his proposed takeover of Warner Bros. Discovery – and with that, his nearly done deal to buy WBD’s streaming service and…
“AI fears are hammering shares of brokers like Charles Schwab and LPL — but the humans aren’t panicking” Shares of companies like Charles Schwab and LPL Financial are tanking on fears that AI will replace its stock brokers – but the humans aren’t panicking like the headlines would have you believe, On The Money has…
“Warner Bros. Discovery to review Larry Ellison’s offer to guarantee Paramount Skydance’s $78B takeover bid: sources” Warner Bros. Discovery’s board will review an offer from tech tycoon Larry Ellison to personally guarantee Paramount Skydance’s $78 billion hostile takeover bid – adding a fresh twist to a bidding war that has most recently favored Netflix, On…
“Billionaire Robert F. Smith got ‘James Bond’ birthday bash” Billionaire Robert F. Smith hosted a “James Bond”-themed party at his Florida mansion last weekend — but some guests ended up more shaken than stirred by the lavish proceedings at the beachside bash, sources told On The Money. The head of Vista Equity Partners — who…
“Fate of FCC nominee Gigi Sohn — and ‘net neutrality’ — may depend on Georgia runoff” Prospects for Gigi Sohn — a controversial nominee to join the Federal Communications Commission who is a major proponent of restoring so-called “net neutrality” rules that used to govern the internet — may hinge on the outcome of the…
“Michael Kives could lose $300M in FTX debacle: insiders” As creditors in the FTX bankruptcy case look to claw back cash from the fallen crypto giant, an uncomfortable spotlight is focusing on a well-connected Hollywood insider with ties to the Clintons, the Kardashians and Elon Musk. Michael Kives — a former Tinseltown agent who has served…
“Morgan Stanley finally lures bankers back to the office 5 days a week” Morgan Stanley has finally succeeded in bringing its employees back to their desks five days a week, sources told The Post — and the threat of layoffs proved to be an effective incentive. On Thursday, the Wall Street giant’s CEO James Gorman…
“Orlando Bravo told investors he was ‘shocked’ by FTX losses: source” Orlando Bravo — the head of one of the US’s biggest tech investment firms — apparently felt he had some explaining to do this week. The Miami-based billionaire’s firm Thoma Bravo reportedly lost $130 million on an ill-fated investment in FTX, the crypto exchange…
“Top venture firm botched chance to sell FTX stake: source” A top venture capital firm had a chance to unload a major stake in FTX days before Sam Bankman-Fried’s crypto empire collapsed — but botched the deal after trying to squeeze more money out of the buyer, The Post has learned. San Francisco-based Greenoaks Capital…
“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…