The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
Category: Mergers, Acquisitions and Divestitures
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How the PGA Tour-LIV Golf Merger Came Together
The agreement to remake a global game stunned most of the sporting world after seven weeks of clandestine negotiations.
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After LIV Golf, What Will Be the Next Saudi Sports Bet?
The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments.
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Trump Family Praises the PGA and LIV Golf Merger
The LIV series has been a boon for the Trump family, which lost major tournaments after the Jan. 6, 2021, assault on the capitol.
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Spotify Podcast Layoffs Will Affect Gimlet and Parcast Workers
Spotify said it was cutting 2 percent of its work force and absorbing two popular podcast studios, Gimlet Media and Parcast, into Spotify Studios.
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Venture Capital Giant Sequoia Spins Off China and India Units
The Silicon Valley firm said that the split would simplify its business. The move comes amid rising tensions between the United States and China over technology investment and development.
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PGA Tour and LIV Golf Will Merge, Ending Battle to Control the Sport
In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”
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Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says
Grail, which makes a blood test for cancer, said a vendor’s software issue caused inaccurate letters to be sent to about 400 customers last month.
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Jeff Zucker’s View From Outside CNN: He Could Do Better
It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht.
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Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?
Mr. Zucker is C.E.O. of a $1 billion investment venture backed by RedBird Capital Partners and International Media Investments, an Emirati firm.
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May Jobs Report May Yield Clues for Fed’s Next Rates Move
With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates.
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JetBlue-American Partnership Struck Down by Federal Judge
An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.