How PE firms could be the unlikely beneficiaries of Biden's student-loan forgiveness plan
In the latest rendition of “private equity firms are eating the world,” KKR and Carlyle have acquired $10 billion in private student loans from Discover Financial, per The Wall Street Journal : Privat...
Just a few bad Applebots
Over the past year, publishing giants like Conde Nast, , Atlantic Media and the Associated Press have been inking deals to license their content to OpenAI. At the same time, publishers have been playi...
Walmart gives up on unprofitable partnership with JD.com
Walmart sold the entirety of its stake in JD.com, the Chinese e-commerce giant, on Tuesday. According to Bloomberg, it raised $3.6 billion from selling 144.5 million shares at $24.95. In 2016, Walmart...
Kroger files "Hail Mary" lawsuit against the FTC to save merger
In a last-ditch effort to chip away at the Federal Trade Commission's authority and save its $24.6 billion acquisition of Albertsons, Kroger flipped the script and sued the agency on Monday, claiming ...
The biggest threat to Tesla is Elon Musk’s other business, X
Elon Musk’s six companies swap resources and leadership in a way that he says benefits all his companies. Three Tesla shareholders, however, have filed lawsuits alleging that shifting employees and ch...
Warner Bros. admits cable TV is worth $9B less than it used to be
It’s a rough day for shareholders. The stock is down to a record low after the company posted a truly astounding $10 billion loss in the second quarter. The deluge of red-ink was driven by a $9 billi...
Spirited away: JetBlue and Spirit have called off their merger
Emergency landing JetBlue and Spirit have officially grounded their $3.8 billion merger agreement, just weeks after a federal court judge blocked the deal due to antitrust concerns originally raised...
Whopper deal: Burger King is splashing $1 billion to buy out its largest franchisee
Whopper deal Restaurant Brands International (RBI), the parent company of flame-grilling fast-food chain Burger King, yesterday announced plans to acquire its biggest US franchisee, Carrols Restaurant...
Sherwood Media Portfolio Grows with Chartr Limited Acquisition
Sherwood Media, LLC has added U.K.-based Chartr Limited, a data-driven media company and newsletter publisher, to its portfolio through an acquisition by Robinhood Markets, Inc. Chartr’s visual storyt...
Read the Roomba: Amazon's acquisition hasn't been a clean sweep
Ay, caroomba If you're not the biggest fan of housework, you might have come across the Roomba range of robot vacuums, which offer hands-free cleaning by identifying obstacles and avoiding hazards — ...
UnWork: WeWork is reportedly filing for bankruptcy
Item A: $47B gone WeWork, once the $47 billion poster child of preposterous tech valuations, is set to file for bankruptcy in the coming days, according to The Wall Street Journal . The company misse...
Undercooked: Blue Apron's business model never added up
Undercooked Meal kit maker Blue Apron is set to be acquired by Wonder Group in a deal that values Blue Apron at $103 million — a 95% discount from its lofty $1.89 billion IPO price in 2017. Blue Apr...
Yahoo!: The digital dinosaur has a lot of life left in it
A dotcom dinosaur reborn Yahoo, an early internet trailblazer, yesterday announced its acquisition of venture capital-focused media startup StrictlyVC to bolster its tech news site, TechCrunch. The d...
Handbag wars: Coach vs. Michael Kors is now Coach + Michael Kors
Choo choo Tapestry, the parent company of Coach, Kate Spade, and Stuart Weitzman, is set to add Michael Kors, Versace, and Jimmy Choo to its bag after striking a deal to acquire Capri Holdings in a ...
Game on: The largest acquisition in video game history just got a big green light
Game on Yesterday, a US federal judge gave Microsoft the green light to proceed with its planned $69bn acquisition of video game maker Activision Blizzard , effectively thwarting the FTC's attempt to...
Carats and sticks: De Beers and Botswana have agreed to a new deal
What’s mined is yours Botswana is set to increase its share of diamond extraction in the country’s joint venture with mining conglomerate De Beers, rising from 25% to 50% over the next decade in a new...
Sonic birds: Sega is buying the creator of mobile game Angry Birds
Sonic birds Japanese gaming company Sega is set to acquire Rovio — the developer behind the wildly successful Angry Birds series of mobile games — for €706m ($776m). The deal, which was first reporte...
Breaking up: Alibaba's splitting into 6
Breakin’ up This week, Alibaba’s elusive founder Jack Ma was spotted in China for the first time in a year. The reason for his reappearance soon became clear: a major breakup was about to go down. In...
A tale of 2 Swiss banks: A marriage of (regulatory) convenience
A marriage of convenience Credit Suisse, an institution since 1856, is set to be taken over by bitter rival UBS in a deal worth ~$3bn, after a chaotic weekend of offers, counter-offers and matchmaking...
Star power: Ryan Reynolds strikes gold... again
Show business Ryan Reynolds, chiefly known for starring roles in global megahit movies like Deadpool and Red Notice, has struck gold — again — as T-Mobile is set to spend $1.35 billion acquiring the ...