After months of negotiations, Shari Redstone walked away from a tie-up with SkyDance. Here’s how a plan to reshape the media conglomerate broke apart.
Category: Mergers, Acquisitions and Divestitures
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Paramount’s Deal With Skydance Falls Apart
There were several hitches in the last week as Skydance, Paramount and its parent company, National Amusements, reached the final stages of negotiations
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Mike Lynch, U.K. Tech Mogul, Is Acquitted of Fraud
Mr. Lynch, who was accused of defrauding Hewlett-Packard after it paid $11 billion for his software company, spent a decade working to clear his name.
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How the Humane AI Pin Flopped
Humane’s Ai Pin was supposed to free people from smartphones, but sales have been slow. Now Humane is talking to HP and others about a potential sale.
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U.S. Clears Way for Antitrust Inquiries of Nvidia, Microsoft and OpenAI
The Justice Department and the Federal Trade Commission agreed to divide responsibility for investigating three major players in the artificial intelligence industry.
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Dollar Tree Explores Sale of Family Dollar
Family Dollar has struggled with its operations in recent years, and Dollar Tree said in March that it would close nearly 1,000 of the stores.
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Gizmodo Is Sold to Keleops Media
The tech website’s publisher, G/O Media, sold Gizmodo to the digital media and tech company Keleops.
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A Sticking Point in Paramount and Skydance Talks: Who Pays For a Lawsuit?
A special committee of Paramount’s board of directors supports a merger with Skydance, a studio that has increased its offer in recent days. But the deal isn’t done yet.
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Chobani Yogurt Founder Buys Anchor Brewing Company
Hamdi Ulukaya called the craft brewer, said to be the country’s oldest, a “grand jewel.” Anchor’s former owner, Sapporo, put it into liquidation last year, citing the effects of the pandemic.
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Wall Street Lands on India, Looking for Profits It Can’t Find in China
Stock markets in Mumbai have surged as big global investors hope India can become a source of growth. It won’t be so easy.
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ConocoPhillips to Acquire Marathon Oil in $22.5 Billion Deal
The takeover is the latest in a wave of consolidation sweeping the oil industry, with the biggest players rushing to acquire smaller rivals.
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ConocoPhillips to Buy Marathon Oil as M.&A. Frenzy Continues
ConocoPhillips has agreed to buy Marathon Oil for $22.5 billion, as consolidation in the U.S. energy sector shows little sign of slowing down.