The vote brings the tech scion David Ellison one step closer to uniting some of the world’s biggest news and entertainment properties.
Category: Mergers, Acquisitions and Divestitures
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Warner Bros. Investors Approve Deal With Paramount
The New York Times – Business: -
The Consequences of SpaceX’s Latest A.I. Moonshot
The New York Times – Business:Elon Musk’s rocket and satellite internet titan may pay $60 billion for an A.I. coding start-up. It further clouds SpaceX’s once-simple business plan.
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SpaceX Strikes Deal With Cursor for $60 Billion
The New York Times – Business:The potential acquisition comes as Elon Musk’s rocket and satellite maker, which has been emphasizing artificial intelligence, is preparing to go public.
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Hollywood Talent Giant Draws Suitors Amid Epstein Fallout
The New York Times – Business:Formerly known as Wasserman, the agency that has changed its name to The Team put itself up for sale after its founder’s emails surfaced in the Epstein files.
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Federal Court Temporarily Freezes Nexstar’s Merger With Tegna
The New York Times – Business:The judge said the two television companies could not combine operations while an antitrust lawsuit proceeded. Nexstar said its deal was already done.
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American Airlines Says It Won’t Merge With United
The New York Times – Business:American issued the statement after news reports that United Airlines’ chief executive had discussed the idea with the Trump administration.
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Sazerac Prepares $15 Billion Cash Offer for Maker of Jack Daniel’s
The New York Times – Business:The Kentucky spirits company’s bid for Brown-Forman comes as the industry is being buffeted by a decline in alcohol consumption.
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Ellison Pledges at Least 30 Paramount-Warner Movies a Year
The New York Times – Business:His remarks at a movie theater convention were part of a campaign to win Hollywood support for his bid to buy Warner Bros. Discovery.
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Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.
The New York Times – Business:After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.
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5 Takeaways From the Live Nation Antitrust Trial
The New York Times – Business:A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry.
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Live Nation and Ticketmaster Illegally Monopolized Ticketing Market, Jury Finds
The New York Times – Business:In a verdict that could have far-reaching consequences in the music industry, the live colossus that includes Ticketmaster was found to have violated antitrust laws.