Sony’s looking to buy a massive anime powerhouse that also happens to make “Elden Ring”
Sony is said to be interested in buying Kadokawa, a massive Japanese media company that publishes anime, manga, magazines, and, perhaps most notably in the US: the “Elden Ring” gaming studio FromSoftw...
A tangled web of companies have a stake in the biggest AI companies. Dive in and see
Billions of investment dollars are flowing into the coffers of AI startups as the industry scrambles to bet big on which company will dominate the industry in the years to come. Each week brings repor...
Jersey Mike’s, America’s fastest-growing sandwich chain, just got snapped up by private equity
Private equity’s appetite for franchises is not its newest playbook. But in recent years, the giants have shown a noticeable interest in one category: sandwiches, with Blackstone’s announcement yester...
Trump Media riding the bull run its namesake created to reportedly acquire crypto-trading platform
is one of the most actively traded US stocks in the premarket session after the FT reports that is pursuing an acquisition of the crypto-trading platform.
Berkshire Hathaway has bought a big slice of Domino’s
While shedding a net $34.5 billion worth of stocks in Q3 — including trimming its largest holding, , and second-largest, Bank of America — Warren Buffett’s surprised many by taking a stake in two une...
The $58 billion 7-Eleven acquisition
Most of the bigger mergers and acquisitions stories that have made headlines over the last few years have been tech related, such as Nvidia attempting to acquire , Big Tech companies “ acquihiring ” A...
Wall Street expects Trump to open the merger floodgates
There are many unknowns around President-elect Donald Trump’s next term, but one thing is certain: Wall Street is frothing for his administration to open the merger floodgates. The expected firing of ...
Tapestry, parent company of Coach, soars to 11-year high after ending embattled quest to acquire Michael Kors, Jimmy Choo
It sure looks like investors are enthralled by the prospect of a more corporate-friendly, laissez-faire M&A regime once President-elect Donald Trump returns to the Oval Office. US banks — in particula...
Berkshire Hathaway could buy a swathe of corporate America with its $325 billion cash pile
Iconic investor Warren Buffett and his loyal lieutenants have been busy over the warmer months, having sold $36 billion worth of stock holdings in Q3, taking the Omaha-based company’s cash pile north ...
Boeing considers sale of its space business: report
Troubled aerospace giant Boeing is weighing a sale of its NASA business, including both the Starliner astronaut capsule and its support operation for the International Space Station, the Journal repor...
Maker of Michael Kors handbags loses nearly half its value after courts block acquisition by parent company of Coach
“Antitrust has come into fashion,” wrote US District Court Judge Jennifer Rochon in blocking the acquisition of , home to the Versace, Jimmy Choo, and Michael Kors brands, by , home to the likes of Co...
Stripe’s now all in on stablecoins, but it paid a steep price
On Monday, Stripe made huge news by announcing that it was acquiring stablecoin-enablement platform Bridge for a reported $1.1 billion. This isn’t Stripe’s first foray into the crypto space: the payme...
Is the OpenAI and Microsoft partnership at risk?
Two reports today highlight potential trouble brewing with Microsoft’s $13 billion deal with OpenAI. The partnership, which forged a deep strategic and technological alignment between one of the large...
Pfizer’s stock has almost halved since its pandemic peak, now an activist wants to shake things up
Shot in the arm Activist investor Starboard Value has built a ~$1 billion stake in Pfizer, with hopes of forcing through changes at the pharma company, according to The Wall Street Journal . Starboard...
Non-profit OpenAI now wants to give profit a go
Hours after OpenAI co-founder Mira Murati announced her surprise resignation, Reuters reports that OpenAI is moving forward with its plan to restructure itself from a non-profit to a very-much-for-pro...
Sony could spend $500 million on Pink Floyd’s back catalog
Money British dad rock royalty Pink Floyd might be the latest artists to cash in on their back catalog, with Sony making an offer for the songbook to the tune of $500 million, according to a new repor...
Callaway’s Topgolf acquisition has been a masterclass in value destruction
In October 2020, as the world dealt with pandemic lockdowns, Callaway Golf announced an intriguing acquisition: the golf brand was buying Topgolf, the fast-growing driving range/entertainment venue hy...
Kroger and Albertsons have already spent more than $1 billion on a merger that may never happen
On its earnings call today, Kroger projected confidence that its merger with Albertsons will actually go through. No wonder it’s taking that position: if the deal gets squashed, Kroger will have spent...
Elon Musk thought he was screwing Mark Zuckerberg by buying Twitter
Vanity Fair published an excerpt from Kate Conger and Ryan Mac’s new book about Elon Musk’s Twitter takeover, Character Limit, and it’s great. Go read it all. One part that stood out to us? Some of th...
Nordstroms try nabbing Nordstrom for no premium
Normally, when an interested party wants to take a public company private, they offer to purchase the company at a premium to its current valuation. The reasons for the premium can vary, but two commo...