Papa John’s spikes following report of a $47-per-share take-private offer from Qatari investment fund Irth Capital
A few weeks after announcing it would close 300 stores by the end of next year, is drawing fresh take-private interest from Irth Capital, an investment fund backed by a member of the Qatari royal fam...
Google completes acquisition of Wiz — its biggest ever
Today said it has completed its $32 billion acquisition of cybersecurity startup Wiz, the largest deal in the company’s history. “This acquisition is an investment by Google Cloud to improve cloud sec...
CarMax rises after activist investor Starboard takes $350 million stake
Online car retailer is climbing in premarket trading on Wednesday following reports that activist investor Starboard Value has taken a $350 million stake in the company. Starboard nominated two direc...
Hims continues to rise on analyst upgrades following its Novo Nordisk partnership
Shares of telehealth company climbed Tuesday as analysts upgraded the stock following the Monday announcement of its landmark deal with Wegovy maker . Shares were recently up 12%. Citi upgraded Hims ...
Report: Meta has acquired Moltbook, the AI-only social network
has acquired the startup Moltbook, which is a viral social network where humans are allowed to read, but only AI agents are allowed to post, according to a report by Axios. Moltbook’s founders, Matt S...
Paramount’s Ellison backs $6 billion WBD merger “synergies” figure, says company won’t sell iconic lots
Rumors have swirled about how exactly may pay back the $79 billion in debt it would be responsible for following a merger with . Speaking with CNBC on Thursday morning, Paramount CEO David Ellison cl...
Paramount sinks as ratings agencies scrutinize its debt
Shares of are down 7% on Tuesday as investors get skittish about the $79 billion in debt the company would have following a merger with . Fitch Ratings on Monday evening downgraded Paramount to junk ...
Paramount+ and HBO Max will combine, David Ellison says
The planned merger between and will see the merger of the companies’ streaming apps, Paramount CEO David Ellison said on a conference call Monday. “We will combine the streaming portfolios of the tw...
Netflix loses the war for Warner Bros., Wall Street sees a win
opened sharply higher Friday, after it withdrew from the takeover battle for Warner Bros. Discovery, ceding the ground to .
Netflix declines to raise bid for Warner Bros., paving the way for Paramount to triumph
Netflix said Thursday evening that it was declining to increase its offer for Warner Bros., effectively ending the streaming platform's pursuit of the studio and ensuring that Paramount Skydance's imp...
Warner Bros. reports deeper-than-expected Q4 loss amid its bidding war
reported its fourth-quarter earnings before the market opened on Thursday. The results come as the company finds itself in the middle of a still-hot bidding war between and . Its shares were flat in ...
Paramount improved its Warner Bros. offer to $31 per share
After more than two months and multiple rejections from the Warner Bros. Discovery board, has, at long last, increased the per-share value of its bid for WBD. According to , Paramount has hiked its o...
PayPal jumps after report of unsolicited takeover interest
Bloomberg reports that is the subject of takeover interest, with shares down nearly 90% from their 2021 closing high. Per the report , management “has fielded meetings with banks amid unsolicited int...
Paramount is expected to raise its Warner Bros. offer to $32 per share
seven-day window to talk to about its best and final offer is set to end at 11:59 p.m. ET on Monday, and the company is expected to finally raise the per-share dollar amount of its bid. According to ...
Etsy sells fashion app Depop to eBay, as the pair’s postpandemic paths split further
Like many of us who spent the pandemic frittering away our extra savings on things we simply didn’t need, seems to have a case of buyer’s remorse, offloading the final remnant from its “House of Bran...
Sandisk drops after Western Digital confirms plan to unload $3 billion in stock
is cashing in more of its position. The hard drive seller is exchanging more than $3 billion in Sandisk shares as part of a debt-for-equity swap.
Florida-based construction company announces $1.5 billion merger with drone maker Xtend in pact backed by Eric Trump
Florida-based construction company climbed 14% in premarket trading on Tuesday following an announcement that it will merge with Israeli drone maker Xtend in a $1.5 billion deal. The shares were halt...
Netflix has granted Warner Bros. a 7-day waiver to resume deal talks with Paramount to hear out its best and final offer
Warner Bros. Discovery will resume talks with Paramount Skydance to hear out its best and final offer after Netflix granted a limited weeklong waiver, according to a statement released Tuesday morning...
Warner Bros. board members reportedly consider reopening deal talks with Paramount
Paramount’s latest amended bid for Warner Bros. Discovery has finally given the board members of the entertainment conglomerate something to seriously think about, as Bloomberg reports that WBD is now...
Paramount once again enhances its Warner Bros. bid without boosting its per-share offer
continues to do everything except the one thing that would vault its bid into a winning position. On Tuesday, the company beefed up its bid for WBD by adding an incremental payout if its deal closing...