A former New York cabdriver who never lost his edge, he was co-publisher alongside Mort Zuckerman as he took on rival papers in the so-called tabloid wars.
Category: Mergers, Acquisitions and Divestitures
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Gulf Backers Invest $24 Billion in Paramount’s Deal for Warner Bros.
Despite speculation that the Iran war could scuttle commitments from Saudi Arabia and other Middle Eastern countries, their investments have been secured.
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Despite High Oil Prices and Volatile Stocks, Companies See Openings for Deals
Bankers say companies are braving higher oil prices and whipsawing stock prices to seize on the willingness of federal antitrust enforcers to approve mergers.
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Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal
The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.
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Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok
Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.
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Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million
Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
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Eli Lilly Will Buy a Narcolepsy Drug Developer for $6.3 Billion
Eli Lilly plans to acquire Centessa Pharmaceuticals, which has been conducting a midstage clinical trial of its lead drug.
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McCormick to Combine With Unilever Food Unit to Create a Spice Giant
The deal ends Unilever’s time in the food industry and will create a multibillion-dollar group under the McCormick name.
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Versant, Owner of MS NOW, in Talks to Acquire Vox Media’s Podcast Division
Versant, the parent company of CNBC and MS NOW, is looking to continue expanding its business beyond cable TV.
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U.S. Accuses NewYork-Presbyterian of Reaching Deals That Kept Costs High
The Justice Department sued the large New York health system, saying it restricted insurance companies from offering patients cheaper options.
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Shield AI, a Start-Up Making Military Drones, Raises $2 Billion
The company, which develops autonomous military technology, also plans to buy a maker of simulation software as interest in next-generation defense soars.
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Warren Requests Information From MrBeast About Crypto and Children
The world’s most popular YouTube celebrity, who markets to children and has bragged about crypto trades, is getting into banking. Senator Elizabeth Warren has concerns.