Reckoning With Memories of Budapest

A Times journalist spent three months capturing a contemporary portrait of Hungary’s capital, where he lived for several years as a child in the early ’90s.

#books-and-literature, #budapest-hungary, #capitalism-theory-and-philosophy, #cemeteries, #central-europe, #children-and-childhood, #cold-war-era, #culture-arts, #danube-river, #democracy-theory-and-philosophy, #families-and-family-life, #hungary, #immigration-and-emigration, #internal-sub-only, #liberalism-us-politics, #liszt-franz, #mergers-acquisitions-and-divestitures, #nationalism-theory-and-philosophy, #ohio, #poetry-and-poets, #politics-and-government, #poppies, #stained-glass, #travel-and-vacations, #war-crimes-genocide-and-crimes-against-humanity, #welch-john-f-jr, #youngstown-ohio

Consolidation of Book Publishers Is a Threat to a Diverse Literary Marketplace

The proposed merger of Penguin Random House and Simon & Schuster accelerates industry trends toward the production of best-sellers at the expense of the incubation of new voices or ideas.

#american-booksellers-assn, #antitrust-laws-and-competition-issues, #book-trade-and-publishing, #mergers-acquisitions-and-divestitures, #oxford-miss, #penguin-random-house, #simonschuster-inc, #square-books

Will the Biggest Publisher in the United States Get Even Bigger?

The Biden administration is suing to block Penguin Random House from buying Simon & Schuster. A United States District Court will decide if the sale can proceed.

#antitrust-laws-and-competition-issues, #bertelsmann-ag, #book-trade-and-publishing, #books-and-literature, #justice-department, #mergers-acquisitions-and-divestitures, #penguin-random-house, #simonschuster-inc

F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta

Lina Khan may set off a shift in how Washington regulates competition by filing cases in tech areas before they mature. She faces an uphill climb.

#antitrust-laws-and-competition-issues, #computer-and-video-games, #computers-and-the-internet, #corporations, #entrepreneurship, #facebook-inc, #federal-trade-commission, #khan-lina, #mergers-acquisitions-and-divestitures, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #regulation-and-deregulation-of-industry, #start-ups, #supernatural-mobile-app, #virtual-reality-computers

A Warren Buffett Protégée Strikes Out on Her Own

Tracy Britt Cool spent a decade working closely with the renowned investor. She is now applying those lessons to her own firm.

#berkshire-hathaway-inc, #britt-cool-tracy, #buffett-warren-e, #content-type-personal-profile, #entrepreneurship, #kanbrick, #manhattan-kan, #mergers-acquisitions-and-divestitures, #omaha-neb, #private-equity, #start-ups

Elon Musk Responds to Twitter’s Lawsuit Over $44 Billion Deal

Mr. Musk formally responded to Twitter’s attempt to force him to buy the company, arguing that there was no reason to hurry the case.

#computers-and-the-internet, #courts-of-equity, #mergers-acquisitions-and-divestitures, #musk-elon, #rumors-and-misinformation, #social-media, #suits-and-litigation-civil, #twitter

Elon Musk Should Be Held to His Deal to Buy Twitter

A deal of this magnitude can generate value for Twitter create stability for future mergers.

#delaware, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Why Elon Musk Can’t Back Out of Buying Twitter, According to Twitter

Here are some of the company’s main legal arguments.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #suits-and-litigation-civil, #twitter

Twitter Sues Musk After He Tries Backing Out of $44 Billion Deal

The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #suits-and-litigation-civil, #twitter

Can Elon Musk Get Out of Buying Twitter?

In April, the world’s richest man agreed to pay $44 billion for the social network. Now he wants the deal canceled.

#mergers-acquisitions-and-divestitures, #musk-elon, #social-media

How Elon Musk Damaged Twitter and Left It Worse Off

Mr. Musk swooped in and exposed Twitter’s lack of business and financial prospects. After criticizing the company’s weaknesses, he now wants to back out of buying it.

#agrawal-parag, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #rumors-and-misinformation, #social-media, #suits-and-litigation-civil, #twitter

What Is Delaware’s Court of Chancery and Its Role in Elon Musk’s Twitter Deal?

If Twitter sues Mr. Musk to force a sale of the company, the case is likely to end up at a 230-year-old court in Delaware.

#computers-and-the-internet, #decisions-and-verdicts, #delaware-court-of-chancery, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #suits-and-litigation-civil, #twitter

Could Twitter Force Musk to Close the Deal? Here’s What We Know

Twitter is in a good position to sue under a legal doctrine called specific performance, which allows courts to force a transaction to be completed, even if one of the parties wants out.

#artificial-intelligence, #bp-plc, #computers-and-the-internet, #corporate-taxes, #law-and-legislation, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #politics-and-government, #social-media, #state-legislatures, #taxation, #twitter, #workplace-hazards-and-violations

Elon Musk Moves to End $44 Billion Deal to Buy Twitter

In a regulatory filing on Friday, Mr. Musk said Twitter was in “material breach” of the acquisition agreement.

#mergers-acquisitions-and-divestitures, #musk-elon, #twitter

Twitter Is Ready for a Potential Legal Battle With Elon Musk

Mr. Musk has appeared reluctant to proceed with the $44 billion agreement, citing uncertainty about the number of fake accounts on the platform.

#mergers-acquisitions-and-divestitures, #musk-elon, #twitter

Sun Valley Conference 2022: When Private Jets Land in Small-Town Idaho

Every July, as the elite Sun Valley conference kicks off, one man shepherds multimillion-dollar private planes and some of the world’s most powerful people.

#airports, #friedman-memorial-airport, #gulfstream-aerospace-corp, #hailey-idaho, #mergers-acquisitions-and-divestitures, #pomeroy-chris, #private-aircraft, #sun-valley-idaho

After Worst Start in 50 Years, Some See More Pain Ahead for Stock Market

At the halfway point of the year, it’s been a historically horrible time for stocks. Bonds are in bad shape, too.

#credit-and-debt, #mergers-acquisitions-and-divestitures, #recession-and-depression, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states-economy

In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees

Mr. Musk answered questions from Twitter’s 8,000 workers for the first time in a virtual meeting on Thursday.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #space-exploration-technologies-corp, #tesla-motors-inc, #twitter

Elon Musk addresses Twitter’s employees for the first time.

Mr. Musk answered questions from Twitter’s 8,000 workers in a virtual meeting on Thursday.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #space-exploration-technologies-corp, #tesla-motors-inc, #twitter

Elon Musk Threatens to End Twitter Deal Without Information on Spam Accounts

In a filing, Mr. Musk’s lawyers said that Twitter was “actively resisting” his requests for more information.

#mergers-acquisitions-and-divestitures, #musk-elon, #securities-and-exchange-commission, #social-media, #twitter

Why SPACS Are Flailing as Market Conditions Shift

For a time, SPACs were the preferred way for companies to go public. But changing market conditions and the threat of regulation are making Wall Street lose its appetite.

#banking-and-financial-institutions, #inflation-economics, #initial-public-offerings, #interest-rates, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #special-purpose-acquisition-companies-spac, #start-ups

Are Elon Musk and Twitter Trapped In a Bad Marriage?

The billionaire Tesla C.E.O. seems to be stalling his acquisition of the social media platform — but these journalists think he has few paths out.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Thomas S. Murphy, Broadcasting ‘Minnow’ Who Swallowed ABC, Dies at 96

As the head of Capital Cities Communications, he engineered the acquisition of the TV giant. He later sold the company to Disney, at a huge profit.

#abc-inc, #appointments-and-executive-changes, #capital-cities-abc-inc, #deaths-obituaries, #mergers-acquisitions-and-divestitures, #murphy-thomas-s, #television, #walt-disney-company

A feud over fossil fuel money

Some faculty and students at Stanford want the university to reject industry donations. It’s the latest clash in a wider battle over whether to shun oil and gas money.

#global-warming, #greenhouse-gas-emissions, #internal-storyline-no, #internal-sub-only-nl, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #stanford-university

Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces

Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.

#batteries, #corporate-social-responsibility, #discrimination, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #mergers-acquisitions-and-divestitures, #musk-elon, #san-francisco-bay-area-calif, #shanghai-china, #social-media, #stocks-and-bonds, #twitter, #united-states

Even Among Corporate Raiders, Elon Musk Is a Pirate

The world of deal making has always been rough and tumble. But Mr. Musk blows any predecessors away.

#boards-of-directors, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #private-equity, #securities-and-commodities-violations, #social-media, #twitter

Elon Musk, Chaos Monkey

The billionaire’s increasingly erratic behavior on Twitter distracts from the terrible math behind his bid to buy it.

#internal-sub-only-nl, #layoffs-and-job-reductions, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #stocks-and-bonds, #tesla-motors-inc, #twitter, #zuckerberg-mark-e

Elon Musk Says Twitter Deal ‘Cannot Move Forward’ in Current State

Mr. Musk called on Twitter to provide more data about the number of spam and fake accounts on the social media site.

#agrawal-parag, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Elon Musk Says His Takeover of Twitter Is ‘On Hold.’

Mr. Musk said he wanted to confirm Twitter’s findings that spam and fake accounts make up less than 5 percent of its users.

#mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Two Twitter Leaders Are Leaving Company Following Musk Deal

An internal memo shared with employees said the platform’s general manager and general manager for revenue would be departing.

#agrawal-parag, #computers-and-the-internet, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Oil Giants Sell Dirty Wells to Buyers With Looser Climate Goals, Study Finds

The transactions can help major oil and gas companies clean up their own production by transferring polluting assets to a different firm, the analysis said.

#chevron-corporation, #eni-spa, #environmental-defense-fund, #exxon-mobil-corp, #global-warming, #greenhouse-gas-emissions, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #pertamina, #royal-dutch-shell-plc

Why Musk’s Twitter Bid Has Shaken Tesla Investors

The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.

#credit-and-debt, #electric-and-hybrid-vehicles, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #stocks-and-bonds, #tesla-motors-inc, #twitter

Elon Musk’s Growing Grab Bag of Investors

Twitter’s would-be owner brings a slew of financiers into the fold — and a wide range of views.

#cawthorn-madison, #dorsey-jack, #internal-sub-only-nl, #mergers-acquisitions-and-divestitures, #musk-elon, #north-carolina, #social-media, #tesla-motors-inc, #twitter

Musk Brings in New Investors to Contribute $7 Billion to Twitter Deal

The filing lists a number of investment firms and others backers who will contribute $7 billion to the deal.

#mergers-acquisitions-and-divestitures, #musk-elon, #stocks-and-bonds, #twitter

How Twitter’s Board Went From Fighting Elon Musk to Accepting Him

It’s highly unusual to move from a “poison pill” to a $44 billion deal in under two weeks. But Twitter’s board ran out of options.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #dorsey-jack, #high-net-worth-individuals, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #social-media, #stocks-and-bonds, #taylor-bret, #twitter

Can Elon Musk Make Twitter’s Numbers Work?

Financially speaking, the billionaire’s buyout of the social media network breaks all the usual rules.

#banking-and-financial-institutions, #mergers-acquisitions-and-divestitures, #musk-elon, #private-equity, #social-media, #stocks-and-bonds, #twitter

Elon Musk Is a Typical Twitter User, Except for One Thing

The platform has always been the perfect place to indulge your whims. But when you’re the richest man in the world, those whims can grow significantly.

#high-net-worth-individuals, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #tesla-motors-inc, #twitter, #united-states-politics-and-government

Selling Twitter to Elon Musk Is Good for Investors. What About the Public?

The company’s decision to sell seems to have been based purely on the financials, with little if any regard for other stakeholders.

#boards-of-directors, #freedom-of-speech-and-expression, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Twitter Under Elon Musk Will Be a Scary Place

Mr. Musk has not been a responsible caretaker for the companies he already oversees.

#dorsey-jack, #facebook-inc, #freedom-of-speech-and-expression, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

Elon Musk Agrees to Buy Twitter

The world’s richest man succeeded in a bid to acquire the influential social networking service, which he has said he wants to take private.

#appointments-and-executive-changes, #boards-of-directors, #computers-and-the-internet, #freedom-of-speech-and-expression, #mergers-acquisitions-and-divestitures, #musk-elon, #rumors-and-misinformation, #san-francisco-calif, #social-media, #twitter

Twitter Employees Search for Answers as Musk Deal Takes Shape

Workers say they have been left largely in the dark about what a sale to the billionaire would mean for them and their shares in the company.

#agrawal-parag, #computers-and-the-internet, #dorsey-jack, #labor-and-jobs, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #stock-options-and-purchase-plans, #tesla-motors-inc, #twitter

Twitter’s Board Is Said to Seriously Consider Elon Musk’s Bid

Twitter’s 11-member board met on Sunday morning to discuss Mr. Musk’s offer to buy the company and take it private.

#boards-of-directors, #computers-and-the-internet, #dorsey-jack, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter

With Elon Musk, You Can’t Spell ‘Funding Secured’ Without ‘Fun’

The rocket man shored up $46.5 billion for his Twitter bid, pushing the drama toward its third week.

#browder-william-f, #dorsey-jack, #internal-sub-only-nl, #mergers-acquisitions-and-divestitures, #musk-elon, #netflix-inc, #social-media, #tesla-motors-inc, #twitter

Elon Musk Details Plan for $46.5 Billion Twitter Takeover

Mr. Musk has been building a stake in the social media company and last week made an unsolicited offer to acquire it outright.

#electric-and-hybrid-vehicles, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #securities-and-exchange-commission, #tesla-motors-inc, #twitter

Elon Musk Races to Secure Financing for Twitter Bid

The world’s richest man is trying to shore up debt financing, including potentially taking out a loan against his shares of Tesla, so he can buy Twitter for $43 billion.

#computers-and-the-internet, #mergers-acquisitions-and-divestitures, #morgan-stanley, #musk-elon, #private-equity, #social-media, #tesla-motors-inc, #twitter

What Is a ‘Poison Pill’ Defense?

Twitter has unveiled its plan to fight Elon Musk’s bid for the company. It’s a well-worn tactic to fend off corporate raiders and hostile takeovers.

#mergers-acquisitions-and-divestitures, #musk-elon, #papa-johns-international-inc, #poison-pill, #twitter

Twitter Employs Poison Pill to Counter Musk Takeover

The company is intent on trying to fend off the billionaire’s bid to buy it in a deal that could be worth more than $40 billion.

#agrawal-parag, #computers-and-the-internet, #dorsey-jack, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter, #walid-bin-talal

Twitter Expected to Employ Poison Pill to Counter Musk Takeover

The company appears intent on trying to fend off the billionaire’s bid to buy it in a deal that could be worth more than $40 billion.

#computers-and-the-internet, #dorsey-jack, #mergers-acquisitions-and-divestitures, #musk-elon, #social-media, #twitter, #walid-bin-talal