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Ariel Investments urges Mattel board to explore sale amid declining sales and leadership change
business2 days ago

Ariel Investments urges Mattel board to explore sale amid declining sales and leadership change

Major shareholder Ariel Investments has formally urged Mattel’s board to consider a sale or merger, arguing that a strategic buyer would pay a significant premium over the current share price. The toymaker, which saw its stock drop 19% year-to-date, is navigating a leadership transition with Roger Lynch set to become CEO. While Mattel acknowledged the letter and stated it would consider the views, the company has struggled with declining sales since the 2023 Barbie film. Recent reports of a $6 billion takeover interest from Authentic Brands have already caused a 20% spike in Mattel’s shares, highlighting investor interest in the brand despite operational challenges.

via CNBC|
#ariel-investments#business#corporate-governance
True Food Kitchen files for Chapter 11, closing 12 locations to restructure
business2 days ago

True Food Kitchen files for Chapter 11, closing 12 locations to restructure

True Food Kitchen filed for Chapter 11 bankruptcy on October 4, 2026, to restructure its operations and close 12 underperforming locations. The Scottsdale-based chain, which carries approximately $42.1 million in debt, is retaining 34 restaurants across 14 states. The company secured $20 million in debtor-in-possession financing from HumanCo to maintain operations during a court-supervised sale process aimed at finding a long-term partner. The restructuring follows a decade of expansion challenges, leadership turnover, and pandemic impacts, with the final day of service for closed locations occurring on October 4.

via ABC15 Arizona|
#bankruptcy#business#corporate-restructuring
Wall Street on Track for $90B Profit Record as AI and Volatility Drive Gains
business3 days ago

Wall Street on Track for $90B Profit Record as AI and Volatility Drive Gains

Wall Street broker-dealer profits are projected to exceed $90 billion in 2026, shattering the previous record of $65.1 billion. This surge is driven by a massive AI investment cycle, record-setting mergers and acquisitions, and volatility from geopolitical conflicts. While first-half earnings reached $45.9 billion, risks from rising interest rates and potential AI bubble concerns remain.

via Axios|
#ai-boom#business#earnings
M&A fees plunge 18% in Q3 as megadeal drought hits banks
finance4 days ago

M&A fees plunge 18% in Q3 as megadeal drought hits banks

Global merger and acquisition fees dropped 18% in the third quarter to $10.3 billion, marking the lowest level since mid-2025. The decline was driven by a sharp drop in megadeals, with only 10 deals over $10 billion announced, down from 26 in the previous quarter. Despite the slowdown, 2026 remains on track for record annual fees, with technology and AI-driven deals dominating activity.

via Yahoo Finance|
#ai#finance#geopolitics
Skydance Merger Closes Next Week as Ellison Fires Warner Bros. Heads and Confirms 'Barbie 2'
media-and-business6 days ago

Skydance Merger Closes Next Week as Ellison Fires Warner Bros. Heads and Confirms 'Barbie 2'

David Ellison has officially named the combined Paramount and Warner Bros. Discovery entity 'Skydance,' with the merger set to close next week. The new corporate structure will preserve legacy brands while centralizing leadership under Ellison and co-CEO Ynon Kreiz. Key executive departures, including Warner Bros. Motion Picture Group heads Pamela Abdy and Michael De Luca, have been confirmed, and plans for a 'Barbie 2' sequel are advancing despite previous cost concerns.

via Variety|
#david-ellison#manda#media-and-business
Sanofi and Regeneron Rebuild Alliance with $8B Immunology Deal
biotech8 days ago

Sanofi and Regeneron Rebuild Alliance with $8B Immunology Deal

Sanofi and Regeneron have signed a new collaboration agreement worth up to $8 billion to develop four early-stage immunology assets. The deal includes a $1 billion upfront payment from Sanofi and up to $7 billion in potential milestone payments. This partnership aims to secure future growth for Sanofi as its blockbuster drug, Dupixent, faces patent expiration in 2031. The agreement also resolves a 2024 lawsuit filed by Regeneron against Sanofi over commercialization details. Regeneron will lead research and development for the assets, while Sanofi will handle global commercialization. The most advanced asset, REGN20423, is already in clinical trials for eczema.

via Fierce Biotech|
#biotech#dupixent#immunology
Mattel Names Condé Nast’s Roger Lynch as CEO as Kreiz Joins Paramount-WBD
business9 days ago

Mattel Names Condé Nast’s Roger Lynch as CEO as Kreiz Joins Paramount-WBD

Mattel has appointed Condé Nast CEO Roger Lynch as its new chief executive and chairman, effective October 2 and November 2, respectively. Lynch succeeds Ynon Kreiz, who is departing after eight years to serve as co-CEO of the merged Paramount Skydance and Warner Bros. Discovery entity alongside David Ellison. Kreiz’s exit follows the recent antitrust settlement that cleared the path for the $111 billion merger. At Condé Nast, Mike Perlis will serve as interim CEO, while Mattel names Diana Ferguson as its new lead independent director.

via finance.yahoo.com|
#business#conde-nast#manda
Piper Sandler Shares Plunge 8.6% as Reports Emerge of Talks to Acquire Perella Weinberg
business9 days ago

Piper Sandler Shares Plunge 8.6% as Reports Emerge of Talks to Acquire Perella Weinberg

Piper Sandler shares dropped 8.6% after reports surfaced that the firm is in preliminary discussions to acquire advisory firm Perella Weinberg. While the target stock typically rises on takeover hopes, acquirer shares often fall due to concerns over financing costs, dilution, and integration risks. The deal remains unconfirmed, and Piper Sandler has already declined 25.7% year-to-date amid broader pressure from higher interest rates on private equity activity.

via finance.yahoo.com|
#business#investment-banking#manda
Nubank Weighs $13 Billion Acquisition of UK Neobank Monzo Amid Strategic Pivot
finance11 days ago

Nubank Weighs $13 Billion Acquisition of UK Neobank Monzo Amid Strategic Pivot

Brazilian digital bank Nubank is in early-stage talks to acquire UK neobank Monzo in a deal that could value the London-based firm at up to £10 billion ($13.2 billion). While Nubank declined to comment, Monzo is simultaneously exploring alternative funding strategies, including a partial sale to private equity or a venture capital round, as it navigates a period of significant leadership and strategic change.

via Yahoo Finance|
#finance#fintech#manda
PayPal shares rise 4.6% on renewed takeover speculation after failed Stripe-Advent bid
finance13 days ago

PayPal shares rise 4.6% on renewed takeover speculation after failed Stripe-Advent bid

PayPal stock jumped 4.6% to $55.04 on September 25, 2026, driven by renewed speculation of a takeover following the collapse of a previous bid by Stripe and Advent International. While the earlier $53 billion deal attempt failed in late August, market chatter suggests new interest. Analysts note that without a buyer, PayPal's valuation depends on organic growth and multiple recovery, with potential upside of 29% over three years if revenue grows at 5.1% annually. The failed deal highlighted significant execution risks, including legacy integration challenges and regulatory hurdles, though a combined entity would have dominated both merchant infrastructure and consumer checkout markets.

via finance.yahoo.com|
#advent-international#finance#manda
BP Revisits U.S. Shale Strategy with Devon Eagle Ford Talks
energy13 days ago

BP Revisits U.S. Shale Strategy with Devon Eagle Ford Talks

BP is actively evaluating the purchase of Devon Energy’s Eagle Ford assets in South Texas, marking a strategic pivot toward U.S. shale growth under CEO Meg O’Neill. Although BP previously walked away from a deal after reviewing data in late August, renewed interest has emerged as the company seeks to expand its production footprint. The assets, which produced roughly 77,000 barrels of oil equivalent per day in the second quarter, are valued between $3.5 billion and $4.5 billion. This move contrasts with BP’s recent focus on divestment and debt reduction, though higher oil prices and strong refining margins have improved the financial case for acquisition.

via Crude Oil Prices Today | OilPrice.com|
#bp#devon-energy#eagle-ford
Paramount-WBD Merger Nears Close Amid Legal Scrutiny and Industry Shifts
business15 days ago

Paramount-WBD Merger Nears Close Amid Legal Scrutiny and Industry Shifts

The $110 billion merger between Paramount and Warner Bros. Discovery is poised to close within two weeks, pending final judicial approval. While dealmakers view the transaction as a victory for traditional media against tech giants, legal hurdles remain. A federal judge delayed sign-off to review an antitrust settlement, prompting a $7.5 billion debt raise by Paramount. Critics, including California AG Rob Bonta and Senator Cory Booker, argue the settlement lacks adequate public scrutiny and structural remedies, though the deal aims to prevent Netflix’s total dominance of the streaming landscape.

via deadline.com|
#antitrust#business#manda
Diller's People Inc. Abandons $18 Billion Bid for MGM Resorts, Citing Deal Complexity
business15 days ago

Diller's People Inc. Abandons $18 Billion Bid for MGM Resorts, Citing Deal Complexity

Barry Diller's People Inc. has withdrawn its June proposal to acquire the remaining public shares of MGM Resorts International for $48.30 per share, valuing the total deal at approximately $18 billion. The media conglomerate, which already holds a 26.1% stake in the casino giant, cited the failure to align necessary financial and strategic components as the reason for the withdrawal. Despite the collapse of the takeover, Diller stated he remains open to future strategic transactions, while MGM Resorts' board confirmed it will continue operating as a standalone entity.

via cnbc.com|
#barry-diller#business#casino-industry