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Investor Activism

All articles tagged with #investor activism

GameStop’s bold bid for eBay could redefine ecommerce
business17 days ago

GameStop’s bold bid for eBay could redefine ecommerce

GameStop proposes a $28 billion, partly cash and partly stock deal to acquire eBay and parcel it into a new, differently led company. eBay shareholders would get a cash payout plus 70% of the new entity, in a package valued around $49 billion for investors, financed by a $20 billion loan arranged by TD Bank and GameStop debt. Framed as an activist-style acquisition rather than a straight takeover, the plan hinges on governance, cost cuts, and whether GameStop’s meme-stock appeal and CEO Ryan Cohen can translate into durable value for eBay holders, all while bearing a heavy debt load (roughly five times ebitda) and governance questions.

via Financial Times|
#business#ebay#ecommerce
Beretta escalates bid to raise Ruger stake to 30%
business2 months ago

Beretta escalates bid to raise Ruger stake to 30%

Beretta Holding is pressing to lift its stake in Sturm Ruger from under 10% to 30% and has proposed an all-cash tender at $44.80 a share after launching a proxy fight to install four new Ruger directors, while Ruger calls the campaign a creeping takeover and vows to defend shareholders’ interests; Beretta says it is not seeking control and remains open to negotiations.

via Financial Times|
#beretta-holding#business#corporate-governance
Oasis Management Takes 8.86% Kadokawa Stake, Signals Investor-Driven Moves
business2 months ago

Oasis Management Takes 8.86% Kadokawa Stake, Signals Investor-Driven Moves

Hong Kong–based Oasis Management has acquired an 8.86% stake in Kadokawa (over 13 million shares), signaling intent to push governance changes aimed at boosting shareholder returns; the move comes after Oasis previously pressed Nintendo on monetization ideas, and Kadokawa’s holdings include game studios such as FromSoftware, Spike Chunsoft and Acquire, potentially giving the investor influence across gaming and entertainment interests.

via Nintendo Life|
#business#fromsoftware#investor-activism
Shareholder sues over 10% US government stake cited as shield against Trump pressure
business2 months ago

Shareholder sues over 10% US government stake cited as shield against Trump pressure

A shareholder-led Delaware Court of Chancery suit claims Intel’s CEO Lip-Bu Tan and the board granted the US government a 10% stake in Intel—worth about $11 billion—without meaningful consideration, allegedly to protect executives from extortion-like threats and social-media attacks by Donald Trump. The deal, funded by converting Biden-era CHIPS Act grants, followed Trump’s criticisms and a White House visit, and the complaint also targets Skadden for advising both Intel and the government; it seeks to unwind the arrangement. Intel declined to comment, and the stock has risen since the deal was struck as the company pursues its foundry ambitions.

via Financial Times|
#business#chips-act#delaware-court-of-chancery
"Disney's Strong Earnings and Iger's Moves Defend Against Activist Investors"
business2 years ago

"Disney's Strong Earnings and Iger's Moves Defend Against Activist Investors"

Disney's stock rose over 9% following a strong earnings report and a series of strategic announcements, including a joint venture with Fox and Warner Bros. Discovery for a sports-centric streaming bundle, plans for a stand-alone streaming version of ESPN, a $1.5 billion investment in Epic Games, and a surprise November 2024 premiere date for "Moana 2." The company aims to achieve double-digit profit margins in its streaming business and is focused on boosting streaming profitability, with plans to convert Disney+ password-sharing users into revenue-generating subscribers. Despite the positive news, Disney+ lost 1.3 million subscribers in its core markets, attributed to price hikes, raising questions about the balance between profitability and subscriber growth.

via Variety|
#bob-iger#business#disney