Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Category: Mergers, Acquisitions and Divestitures
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The Future of News Looks Niche
The media entrepreneur Jessica Lessin chats with DealBook about the news landscape and her latest media bet.
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Figma in Talks With Bankers to Explore an I.P.O. This Year
The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.
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Walgreens Will Sell to Private Equity Firm in $10 Billion Deal
Shares of Walgreens Boots Alliance have lost about half their value in the past year, as the chain has faced pressure in its retail and pharmacy businesses.
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7-Eleven Taps American Executive to Help Keep It Out of Canadian Hands
The Japanese owner of the chain also announced a plan to list its U.S. convenience store business as it tries to fend off a Canadian retailer’s $47 billion takeover bid.
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Rodney McMullen, Kroger CEO, Resigns After Board’s Personal Conduct Investigation
The grocery chain said it had investigated its chief executive, Rodney McMullen, and found that his actions were “inconsistent” with its business ethics policy.
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Paramount’s Shari Redstone Wants a Resolution on President Trump Lawsuit Ahead of Skydance Merger
Redstone, who controls Paramount, has been trying to close a merger with the Hollywood studio Skydance. President Trump’s lawsuit against CBS News is complicating matters.
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7-Eleven Founding Family’s Bid to Block Foreign Takeover Collapses
The proposal worth over $50 billion by Junro Ito, the son of the founder of Seven & i Holdings, was aimed at fending off a takeover bid from Canada’s Alimentation Couche-Tard.
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Trump and Paramount Seek Mediator for CBS News Lawsuit
The move is another indicator that the two sides are exploring ways to resolve the case, over the editing of a “60 Minutes” interview, out of court.
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Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores
The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.
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Ken Rosenthal, Founder of Panera Bread’s Forerunner, Dies at 81
He built a small chain of bakery cafes, with sourdough bread as its star. A few years after it was sold, it became nationally famous under a new name.