Category: Mergers, Acquisitions and Divestitures

New Kraft Heinz CEO Says Food Company Won’t Split, for Now

The New York Times – Business:
The company’s new C.E.O. said he saw opportunities to fix and grow the food giant — and cut prices for consumers.
Hollywood’s North Road Studio Acquired by a European Production Giant

Peter Chernin, an industry veteran who founded North Road in 2022, said his deal with Mediawan met a need to get bigger in an era of consolidation.
Russia’s Lukoil to Sell Its Foreign Assets to U.S. Investment Firm

The deal with Carlyle comes after the United States and the European Union imposed sanctions on Lukoil, putting a dent in the Kremlin’s oil revenue.
Sundance Film Festival Says Goodbye to Park City, Utah

“It’s hard not to feel a disturbance in the force,” said Ethan Hawke, whose acting career took off after his early movies appeared at the Utah festival in the 1990s.
Netflix Revamps Its Warner Bros. Bid, Seeking to Thwart Paramount

Netflix will pay all cash for the $83 billion deal to acquire major parts of Warner Bros. Discovery, instead of a mix of cash and stock.
Ted Sarandos Says Critics Just Misunderstand Netflix

The company’s co-chief executive sat down for an extensive interview for the first time since announcing plans to buy Warner Bros. Discovery’s film and TV business.
Ted Sarandos Says Critics Just Misunderstand Netflix

The company’s co-chief executive sat down for an extensive interview for the first time since announcing plans to buy Warner Bros. Discovery’s film and TV business.
Paramount Threatens Board Fight Over Warner Bros. Discovery

The announcement was the latest in a series of increasingly aggressive actions by Paramount to buy Warner Bros.
Allegiant to Buy Sun Country Airlines in $1.5 Billion Deal

The combination of the two small, budget airlines comes as low-cost carriers have struggled with high costs and competition.
Glencore and Rio Tinto Restart Talks to Create a Mining Giant

The negotiations come amid an increase in deal-making across the mining industry as demand for copper and other metals soars.
With ‘The Rip,’ Netflix Makes an Exception for Ben Affleck and Matt Damon

The streaming giant agreed to pay the entire production crew of the pair’s new movie a bonus if the film performs well on the service.
Warner Bros. Board Rebuffs Paramount’s Latest Buyout Offer

The board said the blockbuster deal it reached with Netflix last month posed less risk.