Ishbia, the chief executive of United Wholesale Mortgage, would replace Robert Sarver as the majority owner. Sarver was pushed to sell amid a misconduct scandal.
Category: Mergers, Acquisitions and Divestitures
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Mat Ishbia to Acquire Phoenix Suns and Mercury For $4 Billion
The New York Times – Sports: -
What AMC’s Streaming Troubles Say About the Greater TV Industry
The New York Times – Business:The company has struggled to earn enough from streaming to make up for losses from its traditional cable business. It is a story widespread in the industry.
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Amazon Agrees to Change Some Business Practices in EU Settlement
The New York Times – Business:The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.
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Lina Khan, Aiming to Block Microsoft’s Activision Deal, Faces a Challenge
The New York Times – Business:Ms. Khan, the chair of the Federal Trade Commission, has staked an ambitious trustbusting agenda on a case that may be difficult to win.
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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Morgan Stanley Cuts 2% of Global Work Force as Deal-Making Slows
The New York Times – Business:The Wall Street firm had paused layoffs during the pandemic, as deal activity spiked industrywide. The layoffs will affect workers across all divisions.
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Video Game Workers at Microsoft and Activision Take Steps to Unionize
The New York Times – Business:Microsoft has remained neutral during a labor organizing bid as the Xbox maker seeks regulatory approval for its Activision acquisition.