Once held up as a key solution to climate change, a field that aims to remove carbon from the atmosphere is struggling to catch on.
Category: Mergers, Acquisitions and Divestitures
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Sneaker Company Allbirds Plans to Pivot to A.I. Yes, A.I.
The New York Times – Business:After selling its business for $39 million last month, the company said it planned to buy powerful computer chips and rebrand itself NewBird AI.
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5 Takeaways From the Live Nation Antitrust Trial
The New York Times – Business:A jury found that the concert giant operated as a monopoly, a verdict that could have major reverberations in the music industry.
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Live Nation and Ticketmaster Illegally Monopolized Ticketing Market, Jury Finds
The New York Times – Business:In a verdict that could have far-reaching consequences in the music industry, the live colossus that includes Ticketmaster was found to have violated antitrust laws.
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Netflix Leader Makes Rare Overture to Cinema Owners
The New York Times – Business:Ted Sarandos attended a major movie theater conference for the first time and met with domestic and international owners, people familiar with the meetings said.
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Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.
The New York Times – Business:The letter warns that the deal will result in fewer jobs for creatives, along with higher costs and less choice for audiences.
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Fred Drasner, a Feisty Leader of The Daily News, Is Dead at 83
The New York Times – Business:A former New York cabdriver who never lost his edge, he was co-publisher alongside Mort Zuckerman as he took on rival papers in the so-called tabloid wars.
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Gulf Backers Invest $24 Billion in Paramount’s Deal for Warner Bros.
The New York Times – Business:Despite speculation that the Iran war could scuttle commitments from Saudi Arabia and other Middle Eastern countries, their investments have been secured.
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Despite High Oil Prices and Volatile Stocks, Companies See Openings for Deals
The New York Times – Business:Bankers say companies are braving higher oil prices and whipsawing stock prices to seize on the willingness of federal antitrust enforcers to approve mergers.
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Bill Ackman’s Fund Offers to Buy Universal Music in $64 Billion Deal
The New York Times – Business:The complex transaction pitched by the billionaire hedge fund manager would need to pass muster with the music label’s shareholders.
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Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok
The New York Times – Business:Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.