Microsoft to Buy Activision Blizzard for Nearly $70 Billion

With the deal, the largest in the software maker’s history, Microsoft will gain Activision’s nearly 400 million monthly users and access to some of the world’s most popular games.

#activision-blizzard-inc, #computer-and-video-games, #kotick-bobby, #mergers-acquisitions-and-divestitures, #microsoft-corp, #nadella-satya, #virtual-reality-computers, #xbox-video-game-system

Unilever Pursues Glaxo and Pfizer Consumer Health Venture

Rejected three times, Unilever suggests it will keep fighting to acquire a giant in the world of pain relievers, toothpastes and cold treatments.

#cold-and-cold-spells, #drugs-pharmaceuticals, #glaxosmithkline-plc, #london-england, #mergers-acquisitions-and-divestitures, #pfizer-inc, #unilever-nv

New York Times Co. Said to Have Reached Deal for The Athletic

The deal, valued at around $550 million, could help the media company reach its goal of 10 million subscriptions ahead of schedule.

#athletic-media-co, #athletics-and-sports, #kopit-levien-meredith, #mergers-acquisitions-and-divestitures, #new-york-times, #new-york-times-company, #news-and-news-media

Bowie Estate Sells Songwriting Catalog to Warner Music

In the latest blockbuster catalog deal, Warner has agreed to buy David Bowie’s songs for about $250 million, bringing nearly all of the star’s work under one corporate roof.

#bowie-david, #copyrights-and-copyright-violations, #mergers-acquisitions-and-divestitures, #pop-and-rock-music, #warner-chappell-music, #warner-music-group

A $550 Million Springsteen Deal? It’s Glory Days for Catalog Sales.

Bob Dylan, Paul Simon, Tina Turner and others have all sold rights to their music for eye-popping prices. Here’s why.

#copyrights-and-copyright-violations, #dylan-bob, #mergers-acquisitions-and-divestitures, #music, #royalties, #simon-paul, #springsteen-bruce, #swift-taylor, #turner-tina

Former Insider at the Company Merging With Trump Media Sues Over ‘Brazen’ Fraud

A prospective investor in Digital World Acquisition Corp., a special purpose acquisition company that is merging with President Donald J. Trump’s social media start-up, says he was removed from a slate of board nominees without warning and deprived of shares he was owed.

#digital-world-acquisition-corp, #mergers-acquisitions-and-divestitures, #orlando-patrick-f, #shevland-brian, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group

Bruce Springsteen Sells Music Catalog in Massive Deal

Sony Music Entertainment buys the Boss’s entire corpus, including classics like “Born to Run,” for an estimated $500 million or more.

#mergers-acquisitions-and-divestitures, #pop-and-rock-music, #springsteen-bruce, #stringer-rob-1962

Penguin Random House Defends Effort to Buy Simon & Schuster

The Biden administration has challenged the deal over concerns it would harm authors, but the publisher said that argument is a misunderstanding of how the book industry works.

#antitrust-laws-and-competition-issues, #book-trade-and-publishing, #books-and-literature, #justice-department, #mergers-acquisitions-and-divestitures, #penguin-random-house, #prices-fares-fees-and-rates, #simonschuster-inc, #suits-and-litigation-civil, #writing-and-writers

Before Trump’s SPAC Deal, a Strange Surge in Trading

Trading in the merger partner’s warrants, which allow holders to buy shares later, spiked several times before the Trump Media agreement was made public.

#digital-world-acquisition-corp, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #securities-and-commodities-violations, #special-purpose-acquisition-companies-spac, #trump-mediatechnology-group, #trump-donald-j

Condé Nast Knows Faded Glory Is Not in Style

Anna Wintour is the embodiment of the glory days of the magazine dynasty. Now she is pitching its global, digital future.

#advance-publications-inc, #appointments-and-executive-changes, #conde-nast-publications-inc, #gq, #lynch-roger, #magazines, #mergers-acquisitions-and-divestitures, #newhouse-steven-o, #organized-labor, #vanity-fair, #vogue, #wintour-anna

F.T.C. Sues to Block Nvidia’s Takeover of Arm

The proposed deal would give Nvidia control over computing technology and designs that rival firms rely on.

#arm-holdings-plc, #computer-chips, #federal-trade-commission, #khan-lina, #mergers-acquisitions-and-divestitures, #nvidia-corporation

People Magazine Heads to New Ownership. Again.

Still a hit in print, the weekly chronicle of celebs and ordinary people who make news is set to become the property of a company specializing in informational websites.

#celebrities, #diller-barry, #dotdash, #dotdash-meredith, #iac-interactivecorp, #magazines, #meredith-publishing-group, #mergers-acquisitions-and-divestitures, #news-and-news-media, #people-magazine, #time-inc, #vogel-neil

Trump to Sell Marquee Washington Hotel for at Least $375 Million

The pending deal to sell the Trump International Hotel, often the subject of controversy during his presidency, comes after years of financial losses at the property.

#cgi-merchant-group, #conflicts-of-interest, #hotels-and-travel-lodgings, #mergers-acquisitions-and-divestitures, #trump-international-hotel-washington-dc, #trump-organization, #trump-donald-j, #united-states-politics-and-government

Justice Dept. Sues Penguin Random House Over Simon & Schuster Deal

The Biden administration’s rejection of the proposed publishing merger reflects a changing atmosphere in Washington toward consolidation.

#antitrust-laws-and-competition-issues, #book-trade-and-publishing, #books-and-literature, #mergers-acquisitions-and-divestitures, #penguin-random-house, #simonschuster-inc, #writing-and-writers

Trump’s $300 Million SPAC Deal May Have Skirted Securities Laws

The former president began discussing a deal with a ‘blank check’ company early this year. Investors weren’t told.

#initial-public-offerings, #media, #mergers-acquisitions-and-divestitures, #securities-and-commodities-violations, #special-purpose-acquisition-companies-spac, #trump-donald-j

8 Companies That Changed Their Names to Signal a Strategy Shift

Facebook said on Thursday that it was rebranding as Meta, taking a step to distance itself from the controversies it faces. How has this corporate strategy worked for other companies?

#advertising-and-marketing, #alphabet-inc, #altria-group-inc, #aunt-jemima-milling-co, #aviation-accidents-safety-and-disasters, #bp-plc, #brin-sergey, #computers-and-the-internet, #consumer-behavior, #dunkin-donuts, #facebook-inc, #google-inc, #ihop-corp, #kentucky-fried-chicken, #mergers-acquisitions-and-divestitures, #meta, #names-organizational, #page-larry, #philip-morris-companies-inc, #smoking-and-tobacco, #southwest-airlines-company, #trademarks-and-trade-names, #united-states, #valujet-airlines, #weight-watchers-international-inc

PayPal Says It Isn’t Pursuing Pinterest

The payments firm squelched talk that it was seeking the social media platform “at this time.” A deal might have been worth about $45 billion.

#e-commerce, #mergers-acquisitions-and-divestitures, #mobile-commerce-and-payments, #paypal, #pinterest, #social-media

How Trump Is Using a SPAC to Bankroll a New Social Media Company

A merger with a so-called blank check company is poised to give the former president access to hundreds of millions of dollars.

#computers-and-the-internet, #digital-world-acquisition, #facebook-inc, #hedge-funds, #mergers-acquisitions-and-divestitures, #mobile-applications, #saba-capital-management, #social-media, #special-purpose-acquisition-companies-spac, #trump-media-and-technology-group, #trump-donald-j, #twitter, #weinstein-boaz-r

WeWork Goes Public Two Years After Aborted I.P.O.

The co-working operation is being absorbed into a special-purpose acquisition company. It must contend with new dynamics in commercial real estate.

#co-working, #initial-public-offerings, #landlords, #mathrani-sandeep, #mergers-acquisitions-and-divestitures, #neumann-adam, #real-estate-commercial, #renting-and-leasing-real-estate, #softbank-corporation, #son-masayoshi, #stocks-and-bonds, #wework-companies-inc

PayPal Is Said to Be in Talks to Buy Pinterest in a $45 Billion Deal

If completed, it would be the largest consumer internet deal of the past decade.

#mergers-acquisitions-and-divestitures, #paypal, #pinterest

‘Shell Game’: How Chemical Companies Avoid Paying for Pollution

DuPont factories pumped dangerous substances into the environment. The company and its offspring have gone to great lengths to dodge responsibility.

#3m-company, #air-pollution, #cancer, #cape-fear-river-north-carolina, #chemicals, #chemours-company, #conflicts-of-interest, #dupont-co, #environmental-protection-agency, #factories-and-manufacturing, #fayetteville-nc, #fayetteville-works, #hazardous-and-toxic-substances, #kullman-ellen-j, #mergers-acquisitions-and-divestitures, #peltz-nelson, #pfas-per-and-polyfluoroalkyl-substances, #regan-michael-s-1976, #suits-and-litigation-civil, #water-pollution

At Axel Springer, Politico’s New Owner, Allegations of Sex, Lies and a Secret Payment

A high-flying German media giant is ahead on digital media but seems stuck in the past when it comes to the workplace and deal-making.

#appointments-and-executive-changes, #axios-media-inc, #bild-newspaper, #der-spiegel, #die-welt, #dopfner-mathias, #handelsblatt, #mergers-acquisitions-and-divestitures, #news-and-news-media, #politico-the, #reichelt-julian, #sexual-harassment, #springer-axel, #vandehei-jim, #workplace-environment

Wall Street Sees a Record-Deal Spree as a Reason for Optimism

Fees from advising corporate clients on mergers and other deals raised bottom lines across Wall Street. Bankers say it’s a good sign for the recovery.

#bank-of-america-corporation, #banking-and-financial-institutions, #citigroup-inc, #company-reports, #goldman-sachs-group-inc, #jpmorgan-chasecompany, #mergers-acquisitions-and-divestitures, #morgan-stanley, #solomon-david-m, #united-states-economy

Meredith in Deal With Dotdash

People, InStyle, Entertainment Weekly and more than 40 other magazines would become part of the same company as Serious Eats and Investopedia.

#better-homes-and-gardens, #dotdash, #harty-tom, #iac-interactivecorp, #instyle-magazine, #magazines, #media, #meredith-corporation, #mergers-acquisitions-and-divestitures, #vogel-neil

It’s Time to Stop Paying for a VPN

Many virtual private network services that were meant to protect your web browsing can no longer be trusted. Here are other ways.

#cloud-computing, #computer-security, #computers-and-the-internet, #content-type-service, #mergers-acquisitions-and-divestitures, #news-sources-confidential-status-of, #privacy, #wireless-communications

Don’t Let Amazon Eat the Film Industry

Unlike any other streamer, Amazon brings hundreds of billions of dollars in revenue and the power of a vast network of other lines of business to the fight.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #documentary-films-and-programs, #mergers-acquisitions-and-divestitures, #metro-goldwyn-mayer-inc, #video-recordings-downloads-and-streaming

Lordstown Motors Will Work With Foxconn, a Contract Manufacturer

The deal could result in the sale of the struggling automaker’s Ohio factory to Foxconn. Lordstown is under federal investigation and needs more cash to mass-produce an electric pickup truck.

#automobiles, #burns-steve-automotive-executive, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #foxconn-technology, #hamamoto-david-t, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mergers-acquisitions-and-divestitures, #production, #sports-utility-vehicles-and-light-trucks, #stocks-and-bonds

China Detains Top HNA Group Executives

The seizure of the top two leaders of HNA comes as speculation swirls over whether Beijing will bail out another troubled giant, Evergrande.

#chen-feng-1953, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #frauds-and-swindling, #hna-group-co-ltd, #mergers-acquisitions-and-divestitures

Royal Dutch Shell Is Selling Its Permian Basin Oil Holdings to ConocoPhillips

The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.

#conocophillips, #greenhouse-gas-emissions, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #permian-basin-north-america, #royal-dutch-shell-plc

Kansas City Southern Chooses Suitor in Bid for North American Rail Link

After the merger with Canadian Pacific, the railroad will connect Canada, the United States and Mexico.

#canadian-national-railway-company, #canadian-pacific-railway-ltd, #kansas-city-southern, #mergers-acquisitions-and-divestitures, #railroads, #regulation-and-deregulation-of-industry

Biden’s Electric Car Plans Hinge on Having Enough Chargers

The United States has about 100,000 public chargers, far fewer than Europe and China. It needs 10 times as many, auto experts say, to complete the switch from combustion engine vehicles.

#american-jobs-plan-2021, #automobile-service-and-charging-stations, #automobiles, #batteries, #chargepoint-inc, #electric-and-hybrid-vehicles, #electric-light-and-power, #electrify-america-llc, #evbox-bv, #evgo-services-llc, #infrastructure-public-works, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #private-equity, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #tesla-motors-inc, #tpg-capital, #venture-capital, #volkswagen-ag, #volta-industries-inc

Four Art Gallerists Create LGDR Consortium, Upending Traditional Model

Dominique Lévy, Brett Gorvy, Amalia Dayan and Jeanne Greenberg Rohatyn will become LGDR, a one-stop shop for artists and collectors.

#appointments-and-executive-changes, #art, #auctions, #dayan-amalia, #finances, #gorvy-brett, #greenberg-rohatyn-jeanne, #levy-gorvy-gallery, #levy-dominique, #lgdr-manhattan-ny-gallery, #luxembourgdayan, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #salon-94-manhattan-ny-gallery, #upper-east-side-manhattan-ny

Private Equity Firms All Want the Same Thing: British Companies

Flush with capital, the funds have gone bargain hunting in Britain, snapping up everything from supermarkets to defense companies.

#clayton-dubilierrice, #foreign-investments, #fortress-investment-group, #great-britain, #london-stock-exchange, #mergers-acquisitions-and-divestitures, #morrisons-ltd, #private-equity, #stocks-and-bonds

Inside Politico’s Billion-Dollar Drama

From “son of” to mogul in his own right: Robert Allbritton just became the unlikeliest winner of the new media sweepstakes.

#allbritton-communications-co, #allbritton-robert-l, #dopfner-mathias, #mergers-acquisitions-and-divestitures, #news-and-news-media, #politico-the, #springer-axel-verlag-ag, #vandehei-jim

Politico to Be Acquired by Axel Springer, a German Publisher

The publishing giant will take control of Politico, Politico Europe and the Politico’s tech news site, Protocol. Terms of the deal were not disclosed.

#mergers-acquisitions-and-divestitures, #news-and-news-media, #politico-the, #springer-axel-verlag-ag

Rand V. Araskog, Former Chief of ITT Corp., Dies at 89

Over two decades, during a tumultuous time for American business, he winnowed an unwieldy corporation and fended off corporate raids.

#araskog-rand-v, #corporations, #deaths-obituaries, #itt-corporation, #mergers-acquisitions-and-divestitures

SPACs Went Up, Then Down, but They’re Not Out

New regulatory scrutiny and high-profile blowups have revived longstanding concerns about the public shell companies. But many backers seem undaunted.

#initial-public-offerings, #mergers-acquisitions-and-divestitures, #saturdaynewsletter, #securities-and-exchange-commission, #stocks-and-bonds

Break Up Big Chicken

Silicon Valley is in the spotlight, but harmful concentrations of corporate power are mostly found in older and less glamorous industries. 

#antitrust-laws-and-competition-issues, #biden-joseph-r-jr, #bork-robert-h, #brinkley-alan, #justice-department, #mergers-acquisitions-and-divestitures, #united-states-economy

Companies Rethink Imposing Vaccine Mandates

New outbreaks have companies weighing their options.

#barrack-thomas-j-jr, #colony-capital-llc, #de-blasio-bill, #lobbying-and-lobbyists, #mergers-acquisitions-and-divestitures, #partnership-for-new-york-city, #vaccination-and-immunization

BuzzFeed Is Going Public. Now What for Vox Media, Group Nine and Vice?

The digital media companies that once seemed to have a lock on the future are making plans to get bigger and pay back their investors.

#buzzfeed-inc, #computers-and-the-internet, #group-nine-media-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #news-and-news-media, #special-purpose-acquisition-companies-spac, #vice-media-inc, #vox-media-inc

Bill Ackman’s SPAC Abandons Its Deal for Universal Music

Regulatory pressure forced his special purpose acquisition company to abandon a proposed investment in Universal Music Group.

#ackman-william-a, #ermenegildo-zegna-holditalia-spa, #facebook-inc, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #universal-music-group, #vaccination-and-immunization, #wework-companies-inc

Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker

A longtime real estate investor and former Goldman Sachs executive decided to take an electric truck company public. Chaos ensued.

#automobiles, #banking-and-financial-institutions, #blackrock-inc, #cleveland-ohio, #detroit-mich, #diamondpeak-holdings, #electric-and-hybrid-vehicles, #general-motors, #goldman-sachs-group-inc, #initial-public-offerings, #lordstown-ohio, #lordstown-motors-corp, #mckinseyco, #mergers-acquisitions-and-divestitures, #ohio, #slovenia, #special-purpose-acquisition-companies-spac, #stocks-and-bonds, #suits-and-litigation-civil, #workhorse-group-inc

5 Pieces of Good News About the News

A look at some of the ventures that have sprung up, fueled by a new sense of mission in American journalism and by the sheer quantities of money available.

#american-journalism-project, #colorado-sun-the, #lin-jeremy, #mergers-acquisitions-and-divestitures, #national-rifle-assn, #nature-conservancy, #news-and-news-media, #newspapers, #philanthropy, #trace-the

Boom Times for Lawyers as Washington Pursues Big Tech

Not since the government sued to break up Microsoft in the late 1990s has there been greater demand for people who know the ins and outs of corporate competition law.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #facebook-inc, #freshfields-llp, #google-inc, #legal-profession, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #suits-and-litigation-civil

BuzzFeed Confirms Plans to Go Public Through SPAC Deal

The digital media company, which will merge with a publicly listed shell company in what is known as a SPAC deal, also lined up about $150 million in debt financing.

#buzzfeed-inc, #ipo, #mergers-acquisitions-and-divestitures, #peretti-jonah-h, #spac

BuzzFeed Closes In on Deal to Go Public

The digital publisher is said to be on the verge of announcing a SPAC merger that would take the company public.

#buzzfeed-inc, #mergers-acquisitions-and-divestitures, #news-and-news-media, #peretti-jonah-h, #special-purpose-acquisition-companies-spac

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

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

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

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