Category: Mergers, Acquisitions and Divestitures

As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid

Mr. Musk and his advisers are examining all types of expenses at Twitter. Some of the social media company’s vendors have gotten stiffed.
Can Big Tech Get Bigger? Microsoft Presses Governments to Say Yes.

Microsoft’s $69 billion deal for Activision Blizzard, which is undergoing reviews in 16 countries, has become a test for whether tech giants can buy companies amid a backlash.
News Corp Investors Raise Concerns About Proposed Merger With Fox

Concerned that a merger would undervalue News Corp, investors are asking a special committee of independent board members to look more skeptically at the proposal.
Elon Musk Gives Twitter Employees a Deadline to Stay or Leave

Mr. Musk said workers would need to answer through an online form by late Thursday and those who stayed would be “working long hours at high intensity.”
Estée Lauder Agrees to Buy Tom Ford Brand

Tom Ford’s high-end fragrances routinely make best-seller lists, and the deal also brings apparel to Estée Lauder, which has been strictly focused on beauty.
Twitter Users Create Havoc by Impersonating Brands

The social media service, which is undergoing changes from its new owner Elon Musk, has descended into a messy swirl of spoof messages and parody accounts.
Inside Elon Musk’s Takeover of Twitter

Mr. Musk ordered immediate layoffs, fired executives by email, laid down product deadlines and has transformed the company.
What Happened to FTX? Here’s What to Know.

Binance, the world’s largest cryptocurrency exchange, was set to bail out FTX. Then it pulled out of the deal.
Laid Off by Twitter, Then Tweeting About It

Tech companies that created more workplace transparency see their own tools used to critique them.
Forbes Nears Deal With Investor Group for Under $800 Million

The group of bidders includes investors from the United States and overseas, a company spokesman said.
Is This Crypto’s Lehman Moment?

Here’s how to make sense of the industry-shaking Binance-FTX deal.
Keurig Dr Pepper Invests $50 Million in Athletic Nonalcoholic Brewer

The deal is a sign of continued interest in the fast-growing category of nonalcoholic beer, which jumped to about $670 million in annual sales in 2021.