Category: Mergers, Acquisitions and Divestitures

Former Twitter Board Member Sues Elon Musk’s X For $20 Million in Pay

After purchasing Twitter, Mr. Musk failed to cash out Omid Kordestani’s stock, according to allegations in a new lawsuit.
Samsung Recalls 1 Million Stoves That Started 250 Fires and Killed Pets

Thirty models of Samsung stoves were part of the recall over fires started by accidental contact.
Why Google, Microsoft and Amazon Shy Away From Buying A.I. Start-Ups

Google, Microsoft and Amazon have made deals with A.I. start-ups for their technology and top employees, but have shied from owning the firms. Here’s why.
How the Google Antitrust Ruling May Influence Tech Competition

Nearly a quarter-century after Microsoft lost a similar case, a judge’s decision that Google abused a monopoly in internet search is likely to have major ripple effects.
CNET Sold to Ziff Davis in Sign of Possible Media Deals to Come

Ziff Davis is acquiring CNET for more than $100 million. Its chief executive thinks more acquisitions are on the horizon.
News Movement Showed How Hard It Is to Profit From Gen Z on Social Media

The Washington Post is creating a division to find valuable audiences in new places. The C.E.O.’s last company shows that’s a tough road.
Amazon Reports $148 Billion in Second Quarter Sales

The e-commerce giant’s stock dipped about 5 percent in after-hours trading after lower-than-expected guidance.
The Stranger in Seattle Gets a New Owner, With Plans for Expansion

Noisy Creek, a new media company, has bought The Stranger and The Portland Mercury, two of the country’s best known alternative weeklies.
Justice Dept. Defends TikTok Law That Forces App’s Sale or Ban

In its first detailed response to a legal challenge, the agency said TikTok’s proposed changes wouldn’t prevent China from using it to collect U.S. users’ data or spread propaganda.
Alphabet Reports 29% Jump in Profit as A.I. Efforts Begin to Pay Off

Google’s parent company narrowly topped revenue and profit expectations, driven by its search engine and cloud unit, and it said A.I. investments were “driving new growth.”
Google’s Plan to Buy Wiz for $23 Billion Falls Apart

Wiz’s chief executive said the company walked away from a “humbling offer” and would pursue an initial public offering instead.
Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal

Kim Beom-Su, the billionaire behind Kakao, was taken into custody on Tuesday on allegations of stock manipulation during a bidding war over a major K-pop agency.