NYTimes x The Athletic: The biggest news organization in the world is looking to get bigger
The New York Times is reportedly looking to acquire The Athletic , the subscription sports news site. The Athletic has raised more than $139m from investors and has spent aggressively on acquiring spo...
LVMH: The luxury conglomerate has been on an acquisition spree — and it has made its CEO the wealthiest person on Earth
Europe doesn't have a big tech sector. It doesn't have an enormously cheap manufacturing industry. What it does have is huge luxury goods companies — and this week the biggest of them all, LVMH (Moët ...
Better together: The media mega-merger that wants to take on Disney and Netflix
Oh, great, another streaming service. That might have been your reaction this week to the news that AT&T and Discovery are planning to merge their media assets together, to better take on the streamin...
Yahoo: Can its new owners capitalise on its (still huge) audience?
Verizon is fully giving up on its plan, selling Yahoo and AOL for $5bn. For that money the buyer will get Yahoo.com, which despite its woes remains one of the most visited websites on the internet acc...
Yahoo: Internet elder Yahoo has been sold... again
This week private equity firm Apollo acquired Yahoo , and various other media assets including what is left of early internet platform AOL, for $5bn and change from Verizon. Verizon had a master plan...
Universal music: The world's largest record company could be spun-off later this year
After years in the wilderness, the music industry has returned to growth — and the record companies are cashing in. This week French conglomerate Vivendi, which owns Universal Music Group, announced t...
Slackforce: Salesforce is buying Slack — the latest in a long list of acquisitions
The big news in the tech world this week was Salesforce, the customer relationship management giant, completing its acquisition of Slack for $27.7bn. As we noted in September , on paper Slack is exact...
Google completes the Big Tech acqui-hire hat trick
We have previously discussed Microsoft and Amazon acqui-hiring AI startups Inflection and Adept, and today, we have reached a Big Tech x AI acqui-hire hat trick. The Information reported that Google i...
A definitely real company with zero footprint made a jaw-dropping $43 billion offer to buy Paramount
On July 7th, after six months of back and forth negotiations that, as recently as June, looked poised to collapse , David Ellison’s Skydance Media and Paramount Global signed a definitive agreement fo...
Why Wiz said “no” to Google’s biggest offer ever
What would have been Alphabet’s biggest acquisition ever — buying cybersecurity company Wiz for $23 billion — is no more. Instead, the company plans to seek an IPO after reaching $1 billion in annual...
Macy’s ended its deal talks, now it has to deliver on its turnaround plan
Last week, Macy’s walked away from deal talks with two investors, leaving the iconic American department store to tackle the challenging retail landscape alone. The deal, which would have valued the M...
After a rough 7 months, Tex-Mex joint Chuy's is being bought by the owner of Olive Garden
, the owner of Olive Garden and LongHorn Steakhouse, is buying Tex-Mex chain Chuy’s for $605 million. It’ll take some time to see how well the company digests the deal. Darden said late Wednesday that...
Meta’s metaverse dreams are alive as it eyes a stake in EssilorLuxottica
Meta is in talks to buy a 5% stake in EssilorLuxottica , the trendy eyeware company behind Ray-Bans, with whom the social media company has partnered to make its Ray-Ban smart glasses, the Wall Street...
EssilorLuxottica buys Supreme for $1.5 billion, but is it past its prime?
Italian eyewear giant EssilorLuxottica scooped up US streetwear brand Supreme for $1.5 billion. It’s buying the brand from VF Corporation, which owns popular outdoor and lifestyle brands like Uggs, N...
Microsoft’s Inflection “acquihire” faces probes on both sides of the Atlantic
The UK’s Competition and Markets Authority is launching a probe into whether Microsoft’s Inflection “ acquihire ,” in which the tech giant licensed the AI company’s tech and hired most of its employee...
Alphabet is reportedly eyeing its biggest acquisition in history
Wiz bid Google’s parent company Alphabet is looking to lock down a $23 billion deal for cybersecurity software startup Wiz, according to a new report from the Wall Street Journal . The potential acqui...
Amex solves their restaurant reservation crisis by buying all the apps
A couple of weeks ago, American Express announced that it acquired Tock, a high-end reservation and table management app that offers bookings at more than 7,000 restaurants and wineries, for an astoun...
Six Flags And Cedar Fair merger seeks improvement in amusement park economics
Rollercoaster tycoon This week, the merger of theme park operators Six Flags and Cedar Fair was completed , creating a new giant in the industry, with annual revenues north of $3 billion, that spans 2...
BeReal, the hottest app of summer 2022, is being acquired for ~$537M
The social media app which gives users a random notification once per day telling them that it’s “⚠️ Time to BeReal. ⚠️” once looked like the poster child of a new generation of stripped-back social m...
Elliott Management takes a $2B stake in struggling Southwest Airlines
Elliott Investment Management has built a ~$2B stake in Southwest Airlines, according to the Wall Street Journal , as the fund — famous for agitating change at underperforming companies — targets the ...