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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Fred Drasner, a Feisty Leader of The Daily News, Is Dead at 83
The New York Times – Business: -
Gulf Backers Invest $24 Billion in Paramount’s Deal for Warner Bros.
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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 New York Times – Business: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.