Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker.

#alternative-and-renewable-energy, #batteries, #electric-light-and-power, #global-warming, #great-britain, #greenhouse-gas-emissions, #limejump-ltd, #mergers-acquisitions-and-divestitures, #royal-dutch-shell-plc, #solar-energy, #sonnen-gmbh, #ubitricity-gmbh, #wind-power

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Hit Hard by Pandemic, Philadelphia Orchestra and Kimmel Center to Merge

By joining forces, the two institutions hope to bounce back from the severe losses brought by the coronavirus.

#classical-music, #coronavirus-2019-ncov, #coronavirus-reopenings, #finances, #kimmel-center-for-the-performing-arts-philadelphia-pa, #mergers-acquisitions-and-divestitures, #philadelphia-pa, #philadelphia-orchestra, #philadelphia-orchestra-and-the-kimmel-center-inc, #theaters-buildings

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Soho China Sells to Blackstone, Cementing Owners’ Exit

The husband-and-wife team atop Soho China had already been keeping a lower profile than they did during an earlier, freer era of the country’s economic revival. Now they are selling their real estate business to Blackstone.

#beijing-china, #blackstone-group-the, #china, #communist-party-of-china, #content-type-personal-profile, #economic-conditions-and-trends, #mergers-acquisitions-and-divestitures, #pan-shiyi-1963, #politics-and-government, #real-estate-commercial, #shanghai-china, #soho-china, #xi-jinping, #zhang-xin-1965

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Is This the Big Tech Breakup We’ve Been Waiting For?

Representative David Cicilline’s bipartisan package takes aim at tech companies and would be the biggest antitrust reform in decades. But is it too little, too fragmented and way too late?

#antitrust-laws-and-competition-issues, #audio-neutral-informative, #computers-and-the-internet, #law-and-legislation, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #social-media, #united-states, #united-states-politics-and-government

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AT&T Went Back to Basics by Cutting WarnerMedia Loose

In acquiring WarnerMedia, it believed pairing distribution with content was the key to the future. Apparently not.

#att-inc, #cable-television, #hbo-max, #media, #mergers-acquisitions-and-divestitures, #stankey-john-t, #telephones-and-telecommunications, #warner-bros-discovery, #zaslav-david-m

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How Microsoft Is Ditching the Video Game Console Wars

Known for the Xbox, Microsoft has been diversifying away from boxy hardware in favor of reaching millions more new gamers.

#cloud-computing, #computer-and-video-games, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #microsoft-corp, #mojang-ab, #nadella-satya, #playstation-5-video-game-system, #software, #sony-corporation, #spencer-phil-technology-executive, #xbox-video-game-system

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Amazon Battles Mukesh Ambani for India’s E-Commerce Future

The American company sees big potential in the country’s nascent e-commerce market. Both sides view a troubled grocery store chain as the key to success.

#amazon-com-inc, #ambani-mukesh-d, #antitrust-laws-and-competition-issues, #big-bazaar-future-retail-ltd, #computers-and-the-internet, #e-commerce, #foreign-investments, #future-group, #india, #mergers-acquisitions-and-divestitures, #reliance-industries, #shopping-and-retail, #supermarkets-and-grocery-stores

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Bill Ackman’s SPAC is close to a deal valuing Universal Music at $40 billion.

It would be the largest special purpose acquisition company transaction to date.

#ackman-william-a, #mergers-acquisitions-and-divestitures, #pop-and-rock-music, #special-purpose-acquisition-companies-spac, #universal-music-group

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Etsy is buying the fashion resale app Depop for $1.6 billion.

The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic.

#boston-consulting-group, #depop-mobile-app, #e-commerce, #etsy-inc, #europe, #fashion-and-apparel, #generation-z, #mergers-acquisitions-and-divestitures, #poshmark-inc, #silverman-joshua-g, #thredup, #venture-capital, #vinted-uab

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The Mystery of the $113 Millıon Deli

It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?

#initial-public-offerings, #mergers-acquisitions-and-divestitures, #stocks-and-bonds

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James Bond Isn’t Dead. He’s Working for Amazon and Jeff Bezos.

The character endures because he is protected by people who love him.

#amazon-com-inc, #bond-james-fictional-character, #broccoli-barbara-1960, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #movies, #wilson-michael-g-1943

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Is Jake Tapper for Sale?

The CNN anchor discusses how the streaming wars might change the news business and why he won’t let liars on his show.

#att-inc, #cable-television, #cnn, #mergers-acquisitions-and-divestitures, #news-and-news-media, #republican-party, #social-media, #the-devil-may-dance-book, #warner-media-llc

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Why Is Amazon in Entertainment?

Amazon will buy MGM. Cool. But why does the tech giant have a streaming video service at all?

#amazon-com-inc, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #movies, #video-recordings-downloads-and-streaming

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James Bond, Meet Jeff Bezos: Amazon Makes $8.45 Billion Deal for MGM

Metro-Goldwyn-Mayer, while diminished, commanded a premium price, with Amazon seeking to bolster its crucial Prime membership offering.

#amazon-com-inc, #bezos-jeffrey-p, #bond-james-fictional-character, #broccoli-barbara-1960, #media, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #movies, #video-recordings-downloads-and-streaming

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Discovery-AT&T: How a Huge Media Deal Was Done

An early-morning meeting at a Greenwich Village townhouse, under the watchful eye of Steve McQueen, was part of a monthslong campaign.

#allenco, #bourkoff-aryeh-b, #cable-television, #cnn, #discovery-channel, #goldman-sachs-group-inc, #home-box-office, #liberty-media-corp, #malone-john-c, #media, #mergers-acquisitions-and-divestitures, #stankey-john-t, #television, #time-warner-inc, #video-recordings-downloads-and-streaming, #warner-brothers, #warner-media-llc, #zaslav-david-m

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Big Hospital Chains Get Covid Aid, and Buy Up Competitors

The pandemic barely dented the financial outlook for some major networks, which continued to acquire weaker hospitals and ailing doctors’ practices. Critics worry consolidation leads to higher prices for medical care.

#american-hospital-assn, #antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #cedars-sinai-medical-center, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #federal-aid-us, #health-and-human-services-department, #health-insurance-and-managed-care, #hospitals, #klobuchar-amy, #mergers-acquisitions-and-divestitures, #new-york-university-langone-health, #porter-katie-1974, #prices-fares-fees-and-rates, #rand-corp, #senate, #your-feed-healthcare

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AT&T’s Sorry Retreat From Digital Media

The AT&T news underscored how the newer Big Tech firms play by their own rules.

#5g-wireless-communications, #armstrong-tim, #att-inc, #kilar-jason, #media, #mergers-acquisitions-and-divestitures, #stankey-john-t, #time-warner-inc, #warner-media-llc, #zaslav-david-m

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Sale of Tribune Newspaper Chain to Hedge Fund Faces One Last Challenge

Shareholders of Tribune Publishing will vote on the company’s sale to Alden Global Capital. Dr. Patrick Soon-Shiong, a billionaire who owns The Los Angeles Times, could determine the outcome.

#alden-global-capital, #bainum-stewart-jr, #mergers-acquisitions-and-divestitures, #news-and-news-media, #newspapers, #tribune-publishing-company, #wyss-hansjorg

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America’s Wild Horses, the AT&T Deal and Fungi That Tells a Story: The Week in Narrated Articles

Five articles from around The Times, narrated just for you.

#cable-television, #discovery-channel, #horses, #meatpacking-plants-and-slaughterhouses, #media, #mergers-acquisitions-and-divestitures, #mountaineering, #museums, #petite-pump-room-charlotte-amalie-virgin-islands-restaurant, #race-and-ethnicity, #skull-body-part

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After Media Detour, AT&T Confronts Old Problems

Following its spinoff of WarnerMedia, AT&T is back to primarily being a wireless company, with all of the challenges that entails.

#att-inc, #directv, #mergers-acquisitions-and-divestitures, #stankey-john-t, #stephenson-randall-l, #time-warner-inc, #warner-media-llc, #whitacre-edward-e-jr, #wireless-communications

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CNN’s Jeff Zucker Sees Fortunes Changed with AT&T Deal

Phone buddies and golf partners, Jeff Zucker and David Zaslav have a 30-year history. Now Zucker may be open to working for the man he calls a “best friend.”

#att-inc, #cable-television, #cnn, #discovery-channel, #evans-robert-1930-2019, #kilar-jason, #media, #mergers-acquisitions-and-divestitures, #nbcuniversal, #news-and-news-media, #television, #warner-media-llc, #zaslav-david-m, #zucker-jeff

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How a Megadeal Reunited CNN’s Jeff Zucker With a Powerful Old Friend

Phone buddies and golf partners, Jeff Zucker and David Zaslav have a 30-year history. Now Zucker may be open to working for the man he calls a “best friend.”

#att-inc, #cable-television, #cnn, #discovery-channel, #evans-robert-1930-2019, #kilar-jason, #media, #mergers-acquisitions-and-divestitures, #nbcuniversal, #news-and-news-media, #television, #warner-media-llc, #zaslav-david-m, #zucker-jeff

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MGM Looks to Amazon as the Hollywood Studio Tries to Find a Buyer

A deal would add Metro-Goldwyn-Mayer’s 4,000 films to Amazon’s streaming library, including the James Bond, Rocky and “Legally Blonde” franchises.

#amazon-com-inc, #bond-james-fictional-character, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #movies

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An Old-School Media Titan Pushes Aside an Upstart

Jason Kilar was named chief executive of WarnerMedia just last year, but now he is negotiating his departure after being sidelined by David Zaslav, the longtime leader of Discovery.

#appointments-and-executive-changes, #att-inc, #cnn, #discovery-networks, #hbo-max, #kilar-jason, #malone-john-c, #mergers-acquisitions-and-divestitures, #movies, #stankey-john-t, #television, #video-recordings-downloads-and-streaming, #warner-media-llc, #zaslav-david-m, #zucker-jeff

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AT&T’s WarnerMedia Group to Merge With Discovery

AT&T’s WarnerMedia group is merging with the reality programmer Discovery. What does that mean for your favorite shows?

#att-inc, #cable-television, #dc-comics, #discovery-channel, #hbo-max, #hgtv, #home-box-office, #layoffs-and-job-reductions, #media, #mergers-acquisitions-and-divestitures, #movies, #news-and-news-media, #oprah-winfrey-network, #stankey-john-t, #telephones-and-telecommunications, #warner-brothers, #zaslav-david-m

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Jason Kilar, the WarnerMedia Chief, Is Said to Be Negotiating His Exit

The media executive has hired a legal team, two people briefed on the matter said. AT&T announced that it would spin off the media group and combine it with Discovery.

#appointments-and-executive-changes, #att-inc, #kilar-jason, #mergers-acquisitions-and-divestitures, #stankey-john-t, #warner-media-llc, #zaslav-david-m

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AT&T, in Abrupt Turn, Will Shed Media Business in Deal With Discovery

The telecommunications giant will spin off WarnerMedia in a transaction that will combine HBO and CNN with Oprah Winfrey’s OWN and HGTV.

#att-inc, #cable-television, #discovery-communications-inc, #kilar-jason, #media, #mergers-acquisitions-and-divestitures, #television, #zaslav-david-m

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AT&T-Discovery Deal Would Create a Media Juggernaut

A merger could be announced as soon as Monday, in a deal that would offload the media business that AT&T fought to buy.

#att-inc, #cable-television, #david-zaslav, #kilar-jason, #media, #mergers-acquisitions-and-divestitures, #video-recordings-downloads-and-streaming, #warner-brothers, #warner-media-llc

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Help Wanted: Someone With Money and Connections

SPACs have taken off during the pandemic, and they’re looking for directors who can help find a company to merge with.

#appointments-and-executive-changes, #content-type-service, #mergers-acquisitions-and-divestitures, #securities-and-exchange-commission, #special-purpose-acquisition-companies-spac

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Bill and Melinda Gates’ Divorce Has a Lot at Stake

The split of Bill and Melinda Gates raises questions about the fate of their vast fortune.

#apollo-global-management, #berkshire-hathaway-inc, #divorce-separations-and-annulments, #gates-bill, #gates-bill-and-melinda-foundation, #gates-melinda, #mergers-acquisitions-and-divestitures, #philanthropy, #private-equity

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Verizon Sells AOL and Yahoo to Apollo for $5 Billion

Verizon offloaded its media business to Apollo Global Management in a deal valued at $5 billion as the mobile phone giant focuses on building out its 5G network.

#5g-wireless-communications, #aol-inc, #apollo-global-management, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #online-advertising, #verizon-communications-inc, #yahoo-inc

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The Exxon of Green Power: A Spanish Company and Its Boss Set Sky-High Goals

Iberdrola is a leader in wind and solar power, thanks largely to a bet its C.E.O. made 20 years ago.

#electric-light-and-power, #europe, #galan-jose-ignacio-sanchez, #iberdrola-sa, #mergers-acquisitions-and-divestitures, #solar-energy, #spain, #wind-power

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W. Galen Weston, Who Transformed a Family Food Empire, Dies at 80

Faced with the task of turning around a nearly bankrupt supermarket chain, he made private-label merchandise fashionable.

#bakeries-and-baked-products, #canada, #deaths-obituaries, #fortnummason-plc, #george-weston-limited, #loblaw-cos-ltd, #mergers-acquisitions-and-divestitures, #selfridges, #shopping-and-retail, #supermarkets-and-grocery-stores, #weston-w-galen

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SiriusXM Is Buying ‘99% Invisible,’ and Street Cred in Podcasting

The deal, for one of the industry’s earliest success stories, is the latest salvo in an era of rapid consolidation.

#99-invisible-radio-program, #mars-roman-1974, #mergers-acquisitions-and-divestitures, #podcasts, #radio, #sirius-xm-radio-inc, #stitcher-inc

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Arrival Developing Electric Vehicles Without Assembly Line

Arrival, a developer of electric vans and buses, says it has come up with a cheaper way to build vehicles in small factories. But can it deliver on that promise?

#arrival-ltd, #automobiles, #buses, #charlotte-nc, #electric-and-hybrid-vehicles, #england, #factories-and-manufacturing, #initial-public-offerings, #inventions-and-patents, #mergers-acquisitions-and-divestitures, #robots-and-robotics, #rock-hill-sc, #start-ups, #stocks-and-bonds, #united-parcel-service-inc, #vans

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Swiss Billionaire Is Said to End His Bid for Tribune Publishing

Hansjörg Wyss was part of a serious offer for the major newspaper chain that could have prevented it from being sold to the hedge fund Alden Global Capital.

#alden-global-capital, #bainum-stewart-jr, #mergers-acquisitions-and-divestitures, #newspapers, #tribune-publishing-company, #wyss-hansjorg

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Microsoft will buy Nuance, an A.I. company, for $16 billion to focus on health care tech.

By acquiring a provider of artificial intelligence, the tech giant is hoping to bolster its offerings for the fast-growing field of medical computing.

#artificial-intelligence, #mergers-acquisitions-and-divestitures, #microsoft-corp, #voice-recognition-systems

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The Nets Could Have Had It All With Dr. J

As great as today’s Nets look with their starry threesome, they could have dominated the N.B.A. much, much sooner — in the 1970s, behind Julius Erving.

#american-basketball-assn, #basketball, #brooklyn-nets, #durant-kevin, #erving-julius, #harden-james, #irving-kyrie, #loughery-kevin, #mergers-acquisitions-and-divestitures, #national-basketball-assn, #philadelphia-76ers

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Alex Rodriguez Near Deal to Purchase Timberwolves and Lynx

Rodriguez and Marc Lore, an e-commerce billionaire, intend to keep the team in Minnesota, the current owner said.

#basketball, #lore-marc-1971, #mergers-acquisitions-and-divestitures, #minnesota-lynx, #minnesota-timberwolves, #national-basketball-assn, #rodriguez-alex, #taylor-glen, #womens-national-basketball-assn

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Electric Aircraft Start-Up Accuses Rival of Stealing Its Secrets

A lawsuit by Wisk, partly owned by the Google co-founder Larry Page, says two engineers took sensitive files before joining Archer.

#airlines-and-airplanes, #archer-aviation-inc, #boeing-company, #electric-and-hybrid-vehicles, #industrial-espionage, #intellectual-property, #inventions-and-patents, #mergers-acquisitions-and-divestitures, #page-larry, #start-ups, #suits-and-litigation-civil, #united-airlines, #venture-capital, #wisk-aero-llc

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Tribune Publishing Considers New Offer From Surprise Bidders

Two months after agreeing to sell itself to Alden Global Capital, a New York hedge fund, the company behind The Chicago Tribune and The Baltimore Sun may shift course.

#alden-global-capital, #bainum-stewart-jr, #chicago-tribune, #mergers-acquisitions-and-divestitures, #newspapers, #tribune-publishing-company, #wyss-hansjorg

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Pinterest Is Said to Be in Talks to Acquire the Photo App VSCO

The discussions between the digital pin board company and the app that inspired the “VSCO girls” trend are ongoing.

#mergers-acquisitions-and-divestitures, #mobile-applications, #pinterest, #san-francisco-calif, #social-media, #start-ups, #visual-supply-co-vsco

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How to Fix SPACs

The big names behind blank-check companies don’t always stick around. Could changing that protect investors?

#initial-public-offerings, #lucid-motors-inc, #mergers-acquisitions-and-divestitures, #palihapitiya-chamath, #special-purpose-acquisition-company-spac, #stocks-and-bonds, #virgin-galactic

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Suez Canal Is Open, but the World is Still Full of Giant Container Ships

As global trade has grown, shipping companies have steadily increased ship sizes — but the Suez Canal blockage showed that bigger is not always better.

#a-p-moller-maersk, #canals, #china, #economic-conditions-and-trends, #maersk-line, #mergers-acquisitions-and-divestitures, #panama-canal-and-canal-zone, #ships-and-shipping, #suez-canal, #united-states

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Swiss Billionaire Joins the Bidding for Tribune Publishing

The philanthropist Hansjörg Wyss has teamed with the Maryland hotel executive Stewart Bainum in a bid to upend Alden Global Capital’s plan to acquire the newspaper chain.

#alden-global-capital, #baltimore-sun, #bern-switzerland, #jimenez-terry, #medianews-group-inc, #mergers-acquisitions-and-divestitures, #new-york-daily-news, #newspapers, #orlando-sentinel, #soon-shiong-patrick, #synthes-inc, #tribune-publishing-company, #wyss-hansjorg

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WeWork Will Go Public in a Merger With a SPAC

The money-losing office space firm plans to merge with a blank-check company backed by big Wall Street investors.

#blackrock-inc, #co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #ranadive-vivek, #real-estate-commercial, #softbank-corporation, #son-masayoshi, #starwood-capital-group, #stocks-and-bonds, #wework-companies-inc

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Athletes Pitch Wall Street’s Hot New Toy, but Not Just to Their Fans

Super Bowl winners, N.B.A. greats and tennis royalty are tied up with blank-check companies. That can help SPACs sell themselves to start-up targets in an increasingly competitive landscape.

#athletics-and-sports, #mergers-acquisitions-and-divestitures, #special-purpose-acquisition-companies, #start-ups, #venture-capital

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Daniel Snyder to Buy Out Other Owners of Washington NFL Team

The league is expected to approve a measure that will allow Daniel Snyder to buy total control of the team.

#ethics-and-official-misconduct, #fines-penalties, #football, #mergers-acquisitions-and-divestitures, #names-organizational, #national-football-league, #rothman-robert-1953, #schar-dwight-c, #sexual-harassment, #smith-frederick-w, #snyder-daniel-m, #washington-dc, #washington-redskins, #wilkinson-beth-a

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Discord, a Chat App for Gamers, Said to Have Discussed Deal With Microsoft

An acquisition of Discord, which could top $10 billion, would buttress Microsoft’s gaming business, as video gaming has boomed in the pandemic.

#computer-and-video-games, #computers-and-the-internet, #discord-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #microsoft-corp, #social-media, #software, #start-ups, #video-recordings-downloads-and-streaming, #xbox-video-game-system

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$29 Billion Railroad Merger to Connect U.S., Mexico and Canada

The deal is an effort by Canadian Pacific and Kansas City Southern to capitalize on an expected increase in the flow of trade as the three countries rebound from the pandemic.

#canadian-pacific-railway-ltd, #coronavirus-2019-ncov, #kansas-city-southern, #mergers-acquisitions-and-divestitures, #united-states-economy

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