Category: Mergers, Acquisitions and Divestitures

Keurig Dr Pepper Invests $50 Million in 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.
Binance to Buy FTX in Megadeal of Crypto Exchanges

Binance, the world’s largest cryptocurrency exchange, said it reached a deal to buy one of its biggest rivals, FTX, amid fears that the crypto industry could be entering another meltdown.
Confusion and Frustration Reign as Elon Musk Cuts Half of Twitter’s Staff

The layoffs hit across many divisions, including the engineering and machine learning units, the teams that manage content moderation, and the sales and advertising departments.
Elon Musk Begins Layoffs at Twitter

The social media company’s 7,500 employees have been bracing for job cuts since Mr. Musk took it over last week.
Elon Musk, Under Financial Pressure, Pushes to Make Money From Twitter

The billionaire and his advisers have discussed adding paid direct messages, fees to watch videos and other features to the service.
Elon Musk Takes a Page Out of Mark Zuckerberg’s Social Media Playbook

As Mr. Musk takes over Twitter, he is emulating some of the actions of Mr. Zuckerberg, who leads Facebook, Instagram and WhatsApp.
Attorneys General Sue to Stop Dividend Tied to Kroger-Albertsons Deal

The suit could portend other regulatory battles to come as the supermarket chains look to close their nearly $25 billion merger.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

At least four Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Elon Musk’s Twitter Faces Exodus of Advertisers and Executives

At least three Twitter executives have left in recent days, as one of the world’s largest ad companies said clients should pause spending on the social media platform.
Can Elon Musk Make the Math Work on Owning Twitter? It’s Dicey.

Mr. Musk faces financial challenges in owning Twitter. The site frequently loses money and took on $13 billion in debt for the blockbuster deal.
Elon Musk Is Said to Have Ordered Job Cuts Across Twitter

The billionaire planned to begin layoffs as soon as Saturday, people with knowledge of the matter said.
Twitter, Once a Threat to Titans, Now Belongs to One

A decade ago, the social media platform was a tool for rebels and those challenging authority. But over time, the powerful learned how to use it for their own goals.