Category: Mergers, Acquisitions and Divestitures

Donald Trump’s Wealth Now Hinges on Trump Media

Mr. Trump has treated Trump Media, which runs his social network Truth Social, as a low-cost sideshow. Now a big portion of his wealth hinges on its success.
Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.
Frank McCourt Starts Effort to Buy TikTok

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.”
TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban

The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.
The ‘Betches’ Got Rich. So What’s Next?

The women’s media company, which started as a raunchy college blog, is a rare financial success story — and on the White House’s radar. Now, it’s wrestling with how to grow up alongside its readers.
Financier Found Guilty in Trump Media Insider Trading Trial

Bruce Garelick was convicted of securities fraud for leaking confidential information about a merger involving the parent company of Truth Social, Donald Trump’s social media site.
Would Paramount Bidders Break It Up?

If Sony and Apollo Global win the fight to buy the media company, they plan to keep the studio business and sell everything else.
TikTok Sues US Government Over Potential Ban

The social media company and its Chinese parent, ByteDance, sued to challenge the new law, saying it violated users’ First Amendment rights.
Sony and Apollo in Talks to Acquire Paramount

After letting exclusive talks with the movie studio Skydance lapse, Paramount’s directors met over the weekend and decided to negotiate with all the suitors.
Is It Good to Go Exclusive?

The exclusive period for Paramount’s potential merger with Skydance expired without a deal, highlighting the long-debated question of whether exclusivity is a waste of time.
Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal

Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.
Political Furor Over U.S. Steel Bid Puts Cfius in Spotlight

Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.