The company will pay at least $8.61 billion to Comcast, which owned a 33 percent stake of the popular streaming service.
Category: Mergers, Acquisitions and Divestitures
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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.
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Rite Aid Files for Bankruptcy, Facing Slumping Sales and Opioid Suits
The pharmacy chain, one of the country’s largest, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers.
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The Upshot of Microsoft’s Activision Deal: Big Tech Can Get Even Bigger
With the completion of the blockbuster acquisition, the notion that tech giants can grow through “vertical transactions” remains intact.
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Goldman Sachs Sells GreenSky BNPL Business
Goldman sells the consumer lender GreenSky after significant losses, less than two years after buying it.
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From LSD to I.P.O.
Once the symbol of the counter culture, lately the darlings of the fashion world, Birkenstock went public in New York.