The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
Category: Mergers, Acquisitions and Divestitures
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A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
The New York Times – Sports: -
Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The New York Times – Business:The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
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Quality Control, Atlanta Rap Powerhouse, Sells to Scooter Braun’s Hybe
The New York Times – Music:The acquisition is the famed music manager’s first major move at Hybe America — a division of the South Korean firm — since he became its sole chief executive last month.
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Vox Media Is Raising $100 Million From Penske Media
The New York Times – Business:The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
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Vox Media Is Raising $100 Million From Penske Media
The New York Times – Business:The deal is the latest in a series of acquisitions and investments made by Penske Media, the owner of a swath of entertainment and trade publications including Rolling Stone and Variety.
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Rothschild Family Aims For Full Control of Bank that Bears Its Name
The New York Times – Business:The family’s investment vehicle said it would offer to buy out other shareholders in Rothschild & Co., the flagship company in the global banking dynasty.
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National Enquirer, Scandal-Plagued Tabloid, to Be Sold
The New York Times – Business:The publication has come under scrutiny in recent years over its suppression of stories about Donald Trump in the 2016 campaign.
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Adani, Embattled Indian Company, Scraps $2.5 Billion Share Sale
The New York Times – Business:The cancellation of the offering is a blow to the company and its billionaire owner, Gautam Adani.
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When Private Equity Came for the Toddler Gyms
The New York Times – Business:The same playbook that has notched high returns acquiring things like foreclosed homes and highway rest stops is being tested by a family-oriented franchise.
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Elon Musk Said Tesla Buyout Plan Didn’t Involve ‘a Specific Number’
The New York Times – Business:Under questioning, Mr. Musk said he hadn’t discussed how much money investors would put in to help him take his car company private.