Category: Mergers, Acquisitions and Divestitures

Hans Niemann Is the Bad Boy of Chess. But Did He Cheat?

The New York Times – Business:
An American teenager, Hans Niemann, defeated Magnus Carlsen, the world’s best chess player. Then Mr. Carlsen accused his opponent of cheating. It’s either overdue justice or paranoia.
Twitter Keeps Missing Its Advertising Targets as Woes Mount

The New York Times – Business:
Under Elon Musk, the company has cut its financial expectations as some advertisers request discounts and are offered incentives.
Kanye West’s Deal to Buy Parler Unravels

The New York Times – Business:
The parent company of Parler, a social media service popular with right-wing audiences, said it had “mutually agreed with Ye” to end the deal.
Charles Koppelman, Force in the Music Industry and Beyond, Dies at 82

The New York Times – Music:
A dealmaker and superstar matchmaker, he worked with artists like Barbra Streisand, Dolly Parton and Tracy Chapman. Later he was chairman of Martha Stewart Living.
Yahoo Takes Minority Stake in Ad Network Taboola

The New York Times – Business:
Yahoo’s chief executive sees the deal as a long-term bet on digital advertising. The companies estimate that their ad partnership will generate $1 billion annually.
T. Rowe Price Raises Concerns About News Corp’s Merger With Fox

The New York Times – Business:
T. Rowe Price, the largest owner of News Corp after the Murdoch family, says the deal risks undervaluing News Corp.
Manchester United Owners Consider Sale of Storied Club

The New York Times – Sports:
The Glazer family has hired advisers to weigh its options for the multibillion-dollar soccer club, which it has owned since 2005.
SPAC Linked to Trump’s Media Company Is Granted an Extension on Merger

The New York Times – Business:
Digital World now has more time to close its proposed union with Trump Media. But with Twitter welcoming Mr. Trump back, his media company could be less attractive to investors.
As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid

The New York Times – Business:
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.

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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.”