Why a Recent Legal Decision May Upend Private Equity

A recent legal decision may force Wall Street to think twice before saddling struggling companies with debts they can’t handle.

#credit-and-debt, #jones-group-inc, #mergers-acquisitions-and-divestitures, #nine-west-group, #private-equity, #suits-and-litigation-civil, #sycamore-partners

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Anyone Who’s Anyone Has a SPAC Right Now

A once obscure financial maneuver becomes a celebrity flex.

#celebrities, #initial-public-offerings, #mergers-acquisitions-and-divestitures

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Podcasting Is Booming. Will Hollywood Help or Hurt Its Future?

A frothy adaptation market is just one sign of the rapid evolution of the industry. But some worry that big money will stifle the D.I.Y. spirit that has driven much of its success.

#creative-artists-agency, #emily-cross, #gimlet-media, #iheartmedia-inc, #intellectual-property, #lory-martinez, #mergers-acquisitions-and-divestitures, #mija-radio-program, #morris-lamorne-1983, #movies, #neyfakh-leon, #ostroff-dawn, #podcasts, #sirius-xm-radio-inc, #spotify, #studio-ochenta, #television, #unwanted-radio-program, #what-im-looking-at-radio-program

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What Happens When a Publisher Becomes a Megapublisher?

The merger of Penguin Random House and Simon & Schuster has the potential to touch every part of the industry, including how much authors get paid and how bookstores are run.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #bertelsmann-ag, #book-trade-and-publishing, #books-and-literature, #e-commerce, #mergers-acquisitions-and-divestitures, #penguin-random-house, #simonschuster-inc, #writing-and-writers

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What Janet Yellen’s Policy Priorities Look Like

The Treasury secretary speaks on debt, taxes, cryptocurrencies and more.

#ballmer-steven-a, #bastian-edward-h, #federal-taxes-us, #james-letitia, #l-brands-inc, #mergers-acquisitions-and-divestitures, #united-states-economy, #victorias-secret, #virtual-currency, #yellen-janet-l

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Adam Neumann of WeWork and SoftBank Are in Settlement Talks

A legal dispute has been a key hurdle to taking WeWork public.

#co-working, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #neumann-adam, #softbank-corporation, #wework-companies-inc

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Jay-Z Sells Half of Ace of Spades Champagne to LVMH

LVMH will acquire half of Armand de Brignac, Jay-Z’s Champagne line known as Ace of Spades.

#jay-z, #lvmh-moet-hennessy-louis-vuitton-sa, #mergers-acquisitions-and-divestitures, #moetchandon, #rap-and-hip-hop, #roc-nation

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Second City Is Sold to Private Equity Group

The comedy company has faced intense criticism over race and had committed to restructuring. The new owner, ZMC, said it would not abandon this plan.

#appointments-and-executive-changes, #black-people, #comedy-and-humor, #finances, #johnston-steve-entertainment-executive, #mergers-acquisitions-and-divestitures, #quarantine-life-and-culture, #second-city, #zelnick-strauss, #zelnickmedia-corp-zmc

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The SPAC Boom Has Some Downsides

The blank-check boom shows no signs of slowing, but there are reasons to be wary.

#ackman-william-a, #bitcoin-currency, #corporate-social-responsibility, #lobbying-and-lobbyists, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #united-states-chamber-of-commerce

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Why SPACs Could Leave Investors in the Cold

Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?

#ackman-william-a, #banking-and-financial-institutions, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #spac-special-purpose-acquisition-company, #stocks-and-bonds, #venture-capital

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Sun Records Sells Johnny Cash and Jerry Lee Lewis Recordings

The independent company Primary Wave Music acquired recordings by Johnny Cash, Jerry Lee Lewis and other pioneers — but not the music of one of Sun’s biggest stars, Elvis Presley.

#cash-johnny, #copyrights-and-copyright-violations, #lewis-jerry-lee, #mergers-acquisitions-and-divestitures, #orbison-roy, #perkins-carl, #phillips-sam-1923-2003, #pop-and-rock-music, #presley-elvis, #primary-wave-music, #sun-records

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Twitter Acquires Revue, a Newsletter Company

The latest in a series of additions is seen as an attempt to compete with the growing popularity of outfits like Substack.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #newsletters, #revue, #social-media, #substack-inc, #twitter

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Mike D Sells Hester Diamond’s Art at Auction

Out with the (very) old at Sotheby’s.

#art, #auctions, #content-type-personal-profile, #diamond-hester-1928-2020, #mergers-acquisitions-and-divestitures, #music

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Home Solar Is Growing, but Big Installers Are Still Losing Money

Some companies are having trouble surviving and making money installing panels because of intense competition and the high costs of doing business.

#batteries, #berger-william-john, #building-construction, #coronavirus-2019-ncov, #electric-light-and-power, #global-warming, #jurich-lynn, #mergers-acquisitions-and-divestitures, #small-business, #solar-energy, #stocks-and-bonds, #sunnova-energy-international, #sunrun-inc, #tax-credits-deductions-and-exemptions, #united-states

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Alden Global Bids for Control of Tribune

Alden Global Capital, which is already Tribune’s biggest shareholder, valued the company at about $520.6 million.

#alden-global-capital, #chicago-tribune, #hedge-funds, #medianews-group-inc, #mergers-acquisitions-and-divestitures, #newspapers, #tribune-publishing-company

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Amazon Buys Wondery as Podcasting Race Continues

The deal, valued at $300 million, is the latest in a string of acquisitions as streaming platforms expand beyond music and video.

#amazon-com-inc, #mergers-acquisitions-and-divestitures, #podcasts, #wondery-inc

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Trump Threatens to Reject $900 Billion Stimulus

The president threatened to upend a hard-fought compromise, but he may not get what he wants.

#apple-inc, #cook-timothy-d, #coronavirus-2019-ncov, #driverless-and-semiautonomous-vehicles, #electric-and-hybrid-vehicles, #mergers-acquisitions-and-divestitures, #musk-elon, #opioids-and-opiates, #stimulus-economic, #tesla-motors-inc, #trump-donald-j, #vetoes-us, #walmart-stores-inc

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The Village Voice Rises From the Dead

The owner of LA Weekly, another independent publication, plans to restart The Voice next month. In addition to reviving the website, Brian Calle plans a quarterly print edition.

#barbey-peter-d, #calle-brian, #la-weekly, #mergers-acquisitions-and-divestitures, #newspapers, #street-media-llc, #village-voice

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Deal Making in 2020 Was All About the SPAC

This year was all about the SPAC.

#ackman-william-a, #klein-michael, #mergers-acquisitions-and-divestitures, #multiplan-inc, #palihapitiya-chamath, #public-storage, #saturdaynewsletter

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This Man Is Betting $1.7 Billion on the Rights to Your Favorite Songs

Merck Mercuriadis thinks songwriters deserve more credit — starting with blockbuster paydays for their catalogs. But not all artists want to sell out.

#content-type-personal-profile, #copyrights-and-copyright-violations, #hipgnosis-songs-fund, #mercuriadis-merck, #mergers-acquisitions-and-divestitures, #music, #royalties

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Coinbase’s I.P.O. Has Big Potential, and Big Risks

The cryptocurrency giant’s initial public offering holds big potential — and significant risks.

#coinbase-inc, #engie-sa, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #private-equity, #special-purpose-acquisition-vehicles-spacs, #tpg-capital, #venture-capital

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Their Publishing Imprint Closed. Now They’re Bringing It Back.

In a literary landscape dominated by the biggest players, Cindy Spiegel and Julie Grau are among the executives rejecting the corporate publishing model and instead starting their own companies.

#book-trade-and-publishing, #books-and-literature, #content-type-personal-profile, #grau-julie, #mergers-acquisitions-and-divestitures, #penguin-random-house, #spiegel-cindy, #spiegelgrau, #writing-and-writers

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Axios Buys Charlotte Agenda, a Digital Start-Up, as Part of Push Into Local News

The site focuses on service journalism for North Carolina’s largest city. Now it has been scooped up in a deal valued at nearly $5 million and will be a partial model for other cities.

#axios-charlotte-web-site, #axios-media-inc, #charlotte-agenda-web-site, #charlotte-observer, #content-type-personal-profile, #mergers-acquisitions-and-divestitures, #news-and-news-media, #vandehei-jim, #williams-ted-1984

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Facebook Cannot Buy Its Way Out of Competition

It wasn’t legal when John D. Rockefeller did it, and it’s still not legal.

#antitrust-laws-and-competition-issues, #facebook-inc, #mergers-acquisitions-and-divestitures, #rockefeller-john-d, #standard-oil-co

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AstraZeneca to Buy Alexion for $39 Billion

The deal for the biopharmaceutical company is the latest big takeover this year, even amid the pandemic.

#alexion-pharmaceuticals-inc, #astrazeneca-plc, #drugs-pharmaceuticals, #mergers-acquisitions-and-divestitures

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The Trustbusters Come for Facebook. Finally.

The government decides to try to enforce antitrust laws.

#antitrust-laws-and-competition-issues, #computers-and-the-internet, #consumer-protection, #data-mining-and-database-marketing, #facebook-inc, #federal-trade-commission, #justice-department, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #social-media, #whatsapp-inc

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Why the F.T.C. and States Want to Break Up Facebook

The F.T.C. and more than 40 states seek to break up the tech giant.

#antitrust-laws-and-competition-issues, #boies-schillerflexner, #boies-david, #conway-ron, #facebook-inc, #initial-public-offerings, #instagram-inc, #mergers-acquisitions-and-divestitures, #sequoia-capital, #social-media, #softbank-corporation, #whatsapp-inc

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‘It’s Hard to Prove’: Why Antitrust Suits Against Facebook Face Hurdles

The U.S. and states cases against the social network are far from a slam dunk because the standards of proof are formidable.

#antitrust-laws-and-competition-issues, #attorneys-general, #computers-and-the-internet, #facebook-inc, #federal-trade-commission, #instant-messaging, #mergers-acquisitions-and-divestitures, #mobile-applications, #regulation-and-deregulation-of-industry, #social-media, #states-us, #suits-and-litigation-civil, #zuckerberg-mark-e

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Uber Jettisons Flying Car Project

A day after handing its autonomous car project to a Silicon Valley start-up, Uber is ridding itself of another expensive operation.

#airlines-and-airplanes, #car-services-and-livery-cabs, #driverless-and-semiautonomous-vehicles, #joby-aero-inc-joby-aviation, #mergers-acquisitions-and-divestitures, #start-ups, #uber-elevate, #uber-technologies-inc

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Uber Giving Self-Driving Car Project to a Start-Up

Company executives once said having cars that can drive on their own would be a salvation for their business. But the effort turned into a legal and financial headache.

#car-services-and-livery-cabs, #computers-and-the-internet, #driverless-and-semiautonomous-vehicles, #khosrowshahi-dara, #mergers-acquisitions-and-divestitures, #pittsburgh-pa, #start-ups, #suits-and-litigation-civil, #uber-technologies-inc, #urmson-chris-p-1976

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Visa Is Doing What Big American Companies Do to ‘Protect This Business’

The Justice Department is opposing Visa’s acquisition of a nascent rival in a step forward for antitrust enforcement.

#banking-and-financial-institutions, #consumer-protection, #debit-cards, #mergers-acquisitions-and-divestitures, #visa-inc

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Marc Benioff Sets His Sights on Microsoft

The Salesforce C.E.O.’s planned acquisition of Slack will have him competing directly with the Goliath that is Microsoft.

#benioff-marc, #company-reports, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #microsoft-corp, #salesforce-com-inc, #silicon-valley-calif, #slack-technologies-inc, #social-media, #software

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Salesforce to Acquire Slack for $27.7 Billion

The move caps an acquisitive streak by Salesforce and ends Slack’s run as an independent publicly traded company.

#computers-and-the-internet, #coronavirus-2019-ncov, #enterprise-computing, #mergers-acquisitions-and-divestitures, #quarantine-life-and-culture, #salesforce-com-inc, #slack-technologies-inc, #software, #telecommuting

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Facebook to Acquire Start-Up Kustomer as It Faces Antitrust Glare

The social network was said to be paying close to $1 billion for the maker of customer relationship management software.

#antitrust-laws-and-competition-issues, #e-commerce, #facebook-inc, #kustomer-inc, #mergers-acquisitions-and-divestitures, #start-ups

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The Luxury E-Commerce Wars Heat Up

On one side: Amazon. On the other: a new alliance of brands and platforms. Who will win?

#alibaba-group-holding-ltd, #amazon-com-inc, #bolen-alexander-lytton, #compagnie-financiere-richemont-sa, #coronavirus-2019-ncov, #e-commerce, #farfetch-com, #kering-sa, #luxury-goods-and-services, #lvmh-moet-hennessy-louis-vuitton-sa, #mergers-acquisitions-and-divestitures, #neves-jose, #quarantine-life-and-culture, #rupert-johann-1950, #shopping-and-retail, #yoox-net-a-porter-group-spa, #your-feed-fashion

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Clubhouse, the

Time to learn about reverse takeovers, kids!

#mergers-acquisitions-and-divestitures, #social-media, #stocks-and-bonds, #tiktok-bytedance, #tongji-healthcare-group-inc, #west-of-hudson-group

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BuzzFeed is Buying HuffPost

The deal is part of a larger arrangement between BuzzFeed and Verizon Media to share content across their platforms.

#advertising-and-marketing, #buzzfeed-inc, #huffington-post, #huffington-arianna, #mergers-acquisitions-and-divestitures, #news-and-news-media, #peretti-jonah-h, #verizon-communications-inc

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Kind Bars to Be Acquired by Maker of Snickers

Mars, a giant in the candy bar world, will purchase Kind North America, which emphasizes healthy snacks.

#candy, #coronavirus-2019-ncov, #kind-north-america, #lubetzky-daniel, #mars-inc, #mergers-acquisitions-and-divestitures, #snack-foods

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Masayoshi Son, Dr. Anthony Fauci, Bill Gates and More Will Speak at the DealBook Online Summit

We have questions for Dr. Anthony Fauci, Masa Son, Senator Elizabeth Warren and more.

#biden-joseph-r-jr, #bourla-albert, #gates-bill, #larson-heidi, #mergers-acquisitions-and-divestitures, #private-equity, #son-masayoshi, #stimulus-economic, #united-states-politics-and-government

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Rupert Murdoch’s News Corp Bids for Simon & Schuster

A sale of the venerable publisher of Stephen King and Hillary Clinton could fetch $1.7 billion and rev up consolidation in book publishing.

#bertelsmann-ag, #book-trade-and-publishing, #books-and-literature, #hachette-book-group, #harpercollins-publishers, #media, #mergers-acquisitions-and-divestitures, #murdoch-rupert, #news-corporation, #penguin-random-house, #simonschuster-inc, #trump-donald-j, #viacomcbs-inc

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PNC Nears $11 Billion Deal to Buy U.S. Operations of Spanish Bank BBVA

The sale, which could be announced on Monday, would create the nation’s fifth-largest retail bank.

#banco-bilbao-vizcaya-argentaria-sa, #banking-and-financial-institutions, #mergers-acquisitions-and-divestitures, #pnc-financial-services-group-inc

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Can Supreme Stay Cool While Going Corporate?

The “Chanel of streetwear” has a new owner, and a tough balancing act ahead.

#e-commerce, #fashion-and-apparel, #jebbia-james, #mergers-acquisitions-and-divestitures, #supreme-retailer, #vf-corporation, #your-feed-fashion

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Do Dunkin’ and Arby’s Go Together? Private Equity Group Bets $11 Billion They Do

Inspire Brands, backed by Roark Capital, is assembling a portfolio of quick-service restaurant chains it thinks will withstand the pandemic.

#arbys-inc, #baskin-robbins, #buffalo-wild-wings, #coffee, #coronavirus-2019-ncov, #dunkin-donuts, #fast-food-industry, #inspire-brands-inc, #mergers-acquisitions-and-divestitures, #private-equity, #restaurants, #roark-capital-group, #sonic-drive-in

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Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury

Bernard Arnault, the chairman of LVMH Moët Hennessy Louis Vuitton and the richest man in Europe, is no stranger to public battles.

#arnault-bernard, #fashion-and-apparel, #groupe-arnault, #gucci, #lvmh-moet-hennessy-louis-vuitton-sa, #mergers-acquisitions-and-divestitures

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A.M.D. Agrees to Buy Xilinx for $35 Billion in Stock

The deal would broaden A.M.D.’s business into chips for markets like 5G communications and automotive electronics.

#advanced-micro-devices-inc, #company-reports, #computer-and-video-games, #computer-chips, #computers-and-the-internet, #factories-and-manufacturing, #intel-corporation, #mergers-acquisitions-and-divestitures, #xilinx-inc

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Dunkin’ Brands Is Said to Be Near Deal to Sell Itself and Go Private

The parent of Dunkin’ and Baskin Robbins is in talks with a private-equity-backed company for a takeover that values the company at nearly $9 billion.

#coffee, #doughnuts, #dunkin-donuts, #mergers-acquisitions-and-divestitures, #private-equity

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Forget Antitrust Laws. To Limit Tech, Some Say a New Regulator Is Needed.

Even as the Justice Department sued Google, some antitrust experts wondered whether a different government response would be more effective.

#amazon-com-inc, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #e-commerce, #facebook-inc, #furman-jason, #google-inc, #justice-department, #melamed-a-douglas, #mergers-acquisitions-and-divestitures, #microsoft-corp, #regulation-and-deregulation-of-industry, #social-media, #united-states-economy

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The Government’s Lawsuit Is Unlikely to Dethrone Google

The federal government’s lawsuit isn’t likely to derail the company’s market dominance.

#android-operating-system, #antitrust-laws-and-competition-issues, #apple-inc, #computers-and-the-internet, #consumer-protection, #federal-trade-commission, #google-inc, #justice-department, #mergers-acquisitions-and-divestitures, #online-advertising, #search-engines, #software, #suits-and-litigation-civil

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Google Antitrust Fight Thrusts Low-Key C.E.O. Into the Line of Fire

Sundar Pichai, chief executive of Google’s parent company for less than a year, already faces the internet giant’s biggest threat in its 22 years.

#alphabet-inc, #antitrust-laws-and-competition-issues, #brin-sergey, #computers-and-the-internet, #gates-bill, #google-inc, #justice-department, #mergers-acquisitions-and-divestitures, #page-larry, #pichai-sundar, #schmidt-eric-e, #search-engines, #suits-and-litigation-civil, #walker-kent, #wilson-sonsini-goodrichrosati, #youtube-com

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Oil Industry Turns to Mergers and Acquisitions to Survive

With the price of a barrel stuck around $40 and no recovery in sight, companies are combining to cut costs and ride out the pandemic.

#chevron-corporation, #concho-resources-inc, #conocophillips, #coronavirus-2019-ncov, #devon-energy-corporation, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #natural-gas, #noble-energy-inc, #oil-petroleum-and-gasoline, #permian-basin-north-america, #prices-fares-fees-and-rates, #shale, #stocks-and-bonds, #texas, #wpx-energy-inc

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