A Brooklyn couple aimed to revive their ice cream company after it collapsed. Now their new investors have fired them.
Category: Mergers, Acquisitions and Divestitures
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Jezebel to Be Resurrected by Paste Magazine
The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.
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Music Licensing Giant BMI Sells to Private Equity Firm
Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.
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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’
The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.
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Six Flags Merges With Cedar Fair, a Rival Amusement Park
The deal would generate more than $3 billion in revenue for the companies, they projected in a statement. The merger comes after years of financial challenges for Six Flags.
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Disney Says It Will Take Full Control of Hulu
The company will pay at least $8.61 billion to Comcast, which owned a 33 percent stake of the popular streaming service.
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BuzzFeed in Advanced Talks to Sell Complex, Backtracking on Digital Media Bet
BuzzFeed is negotiating a sale of much of Complex Networks for under $140 million, less than half of what it paid to acquire it two years ago.
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Hipgnosis Made Mega Deals for Song Catalogs. Its Future Is Unclear.
The company’s shareholders on Thursday rejected a $440 million divestment plan and voted against maintaining its current structure.
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Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
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Chevron to Acquire Hess for $53 Billion in Latest Major Oil Deal
The acquisition marks further consolidation of the oil industry and highlights the confidence that energy companies have in the future of fossil fuels.