Disney is poised to own the entirety of the Hulu streaming service, which has more than 48 million total subscribers.
Category: Mergers, Acquisitions and Divestitures
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Wall Street Moguls Win Important Backer in Their Fight Over Hedge Fund Sale
A group of high-profile investors is pushing to buy a storied hedge fund that has already agreed to be sold to another firm.
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UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
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VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker
Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.
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UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.
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Shein and Forever 21 Team Up in Fast-Fashion Deal
Shein, the e-commerce giant known for ultralow prices, frequently refreshed stock and questions about working conditions in its supply chain, could sell within Forever 21 stores.
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Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale.
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How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
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Aldi to Buy 400 Winn-Dixie and Harveys Supermarket Stores
The German supermarket chain said that it would convert some of the Winn-Dixie and Harveys stores acquired in the deal, which is expected to close in early 2024.