Tag

Mergers Acquisitions

All articles tagged with #mergers acquisitions

business5 days ago•16 min saved

IMAX Could Be Up for Sale as Buyers Circle Premium Cinema

IMAX is reportedly exploring a potential sale, with the Wall Street Journal noting preliminary talks via intermediaries and CNBC saying there’s no formal process yet. The news spiked its stock and points to interest from entertainment companies—potential buyers could include Disney, Apple, Amazon, or Netflix—though Disney’s Infinity Vision format complicates the fit. IMAX also posted strong numbers, with about $1.28 billion worldwide last year, underscoring premium-experience cinema’s pull even as the theater industry contends with changes.

via Gizmodo|

#business #cinema #disney

business21 days ago•13 min saved

Stolen BigLaw Deal Data Fueled Multimillion Insider Trading, Feds Say

Federal prosecutors unveiled indictments alleging a multimillion-dollar insider trading scheme that used nonpublic information about mergers and acquisitions handled by top law firms (including Goodwin Procter, Latham & Watkins, Sidley Austin, Wachtell Lipton, and Weil Gotshal) to trade on deals involving major companies such as Amazon, Johnson & Johnson, and eBay.

via Law360|

#biglaw #business #indictments

business25 days ago•2 min saved

GameStop weighs bid for eBay to boost market value, report says

GameStop is reportedly preparing an offer to buy eBay to dramatically boost its market value, with CEO Ryan Cohen aiming to lift the company’s capitalization and EBITDA targets; WSJ says GameStop has quietly built a stake in eBay and could submit an offer later this month or take it to eBay’s shareholders if rebuffed, as eBay trades around $46B and GameStop around $12B.

via New York Post|

#business #ebay #gamestop

business1 month ago•2 min saved

Kirby floated a United–American merger; American declined, citing anticompetitive concerns

United Airlines CEO Scott Kirby confirmed he approached American Airlines about a potential merger, but American rejected the idea, with its CEO calling such a deal anticompetitive and bad for customers. Kirby argued a combined United–American could better compete with foreign carriers and win regulatory approval, though no deal is in motion.

via CNBC|

#airline-industry #american-airlines #antitrust-regulation

business1 month ago•4 min saved

DT and T-Mobile Eye Historic Merger to Crown the World’s Largest Wireless Player

Bloomberg reports Deutsche Telekom is weighing a merger with its majority stake T-Mobile, potentially forming a new holding company that could list in the US and Europe and create the world's most valuable wireless carrier. Talks are early and contingent on political backing, with the combined entity valued around $215B for T-Mobile and about €141B for Deutsche Telekom, though past talks have stalled and the ongoing shift to a digital MNO adds uncertainty.

via PhoneArena|

#business #deutsche-telekom #mergers-acquisitions

business1 month ago•6 min saved

Lilly to acquire Kelonia to push off-the-shelf in vivo CAR-T for multiple myeloma

Eli Lilly will acquire Kelonia Therapeutics for up to $7 billion in cash (upfront $3.25B) to gain Kelonia's in vivo gene delivery platform and KLN-1010, an in vivo anti-BCMA CAR-T therapy for multiple myeloma in Phase 1, with the aim of simplifying manufacturing and broadening access versus ex vivo CAR-T; the deal is expected to close in the second half of 2026, subject to regulatory approvals and milestone-driven payments.

via PR Newswire|

#biotechnology #business #car-t

business2 months ago•23 min saved

Iger’s Disney Reboot: Bold Bets, Streaming Wins, and a Complicated Handover

Bob Iger’s two-term leadership at Disney is depicted as deeply transformative: he orchestrated major acquisitions (Pixar, Marvel, Lucasfilm, Fox) and steered the shift to streaming, delivering long-term value while facing critiques over succession decisions and missteps like Maker Studios and the Fox deal. His 2022 return stabilized Disney, improved profitability, and left the company well‑positioned for Josh D’Amaro’s tenure, with Iger pursuing non‑Disney interests and board roles rather than full retirement.

via Variety|

#bob-iger #business #disney

business2 months ago•19 min saved

Brussels Antitrust Review Could Slow Paramount-WBD Merger

The European Commission is set to conduct a multi-stage antitrust review of Paramount's $110 billion deal to merge with Warner Bros. Discovery, a process expected to slow the transaction more than block it. After a 25-working-day preliminary check, Brussels could launch a Phase II review, potentially stretching the timeline beyond a year. The EU will scrutinize overlaps across cinema distribution, TV channels, and streaming platforms, and may require divestitures; the UK review might be simpler. Financing from Middle Eastern funds and the EU's foreign subsidies rules add another layer of scrutiny. Overall, while approval remains likely, EU hurdles could push the close further out than in the U.S.

via The Hollywood Reporter|

#business #eu-antitrust #mergers-acquisitions

business3 months ago•3 min saved

Netflix Walks Away from Warner Bros. Deal, Opening Door to Ellison's Paramount Skydance Bid

Netflix has pulled out of its $83 billion bid to acquire Warner Bros. Discovery after Paramount Skydance submitted a higher offer, paving the way for David Ellison’s bid to take the deal forward. Warner Bros. Discovery labeled Ellison’s offer superior, while Netflix said the transaction was no longer financially attractive. Regulators in the U.S. and Europe will scrutinize any sale, and Netflix could potentially re-enter if Paramount is blocked, though the outcome currently favors Ellison’s consolidation of HBO, CNN, and the Warner film studio under Paramount Skydance.

via The New York Times|

#business #entertainment-industry #mergers-acquisitions

business3 months ago•2 min saved

WBD weighs rival Paramount bid against Netflix deal amid higher offer

Warner Bros. Discovery says Paramount Skydance has submitted a higher bid and its board will review it under the Netflix deal. If Paramount’s offer is deemed superior, Netflix will have four days to improve its bid; Netflix previously agreed to acquire WBD’s studio and streaming assets for $27.75 per share (~$72 billion in assets, ~$82.7 billion enterprise value). Paramount’s tender values WBD at $30 per share in a hostile bid. If Paramount wins and Netflix doesn’t raise its bid, a $2.8 billion breakup fee would be paid. A combined Paramount-WBD would merge HBO Max with Paramount+, with CNN and CBS News under one umbrella, both deals needing regulatory approval amid antitrust concerns.

via CNBC|

#business #corporate-finance #entertainment-news

business3 months ago•2 min saved

Gilead buys Arcellx for $7.8B to bolster CAR-T push against Carvykti

Gilead agreed to acquire Arcellx for about $7.8 billion in cash to take full control of the BCMA-targeted CAR-T therapy anito-cel as FDA review proceeds, paying $115 a share—a 68% premium to Arcellx's 30-day VWAP with a $5-per-share contingent payout if global sales reach $6 billion by 2029; the deal aims to sharpen Gilead's cell-therapy portfolio and compete with J&J/Legend's Carvykti, with analysts noting anito-cel's safety profile and potential to restore momentum for Gilead's Kite unit.

via Fierce Biotech|

#biotech #business #car-t

business3 months ago•17 min saved

Paramount Clears DOJ Hurdle in WBD Bid, Yet Regulatory Clouds Loom

Paramount says the Hart-Scott-Rodino waiting period for its unsolicited $30-a-share bid for Warner Bros. Discovery has expired, signaling no U.S. statutory obstacle to closing, but the deal still faces global regulatory scrutiny and a separate Netflix-led bid for WBD assets; the DOJ remains involved via a second information request and potential additional review, while WBD shareholders vote March 20 on the Netflix deal and spin-out, and lawmakers probe Paramount's Trump-era contacts—leaving the ultimate outcome still uncertain.

via Deadline|

#antitrust #business #media

business3 months ago•21 min saved

Netflix-Led sentiment grows among WBD staff as sale trumps Paramount bid

Warner Bros. Discovery staff sentiment has shifted in favor of Netflix’s plan to buy the studio and HBO Max over Paramount Skydance’s takeover bid, aided by Netflix’s assurances to keep the Warner Bros. brand and slate intact. While pockets remain skeptical about Netflix ownership and the theatrical model, many employees have warmed to the idea after a town-hall with Netflix leaders. WBD’s board is backing the Netflix deal ahead of a March 20 shareholder vote, and Paramount’s counteroffer window closes Feb. 23, leaving the outcome to ongoing negotiations. If the deal closes, Netflix could expand the business in ways such as consumer products and theme parks, while preserving much of the existing Warner Bros. structure and operations.

via Variety|

#business #hollywood #mergers-acquisitions

business4 months ago•2 min saved

Netflix switches to all-cash bid to block Paramount over Warner Bros Discovery

Netflix has converted its $82.7 billion offer for Warner Bros Discovery into an all-cash deal at $27.75 per share to streamline the transaction and blunt Paramount Skydance’s rival bid; WBD’s board unanimously backs the Netflix plan, which would also spin off Discovery Global and could see a stockholder vote as early as April, while Paramount presses a proxy fight and litigation.

via The Guardian|

#business #media #mergers-acquisitions

markets4 months ago•36 min saved

Wall Street Banks Bet on a 2026 Boom After Record Trading Year

Banks on Wall Street posted a record $134 billion in trading revenue last year and executives say the environment remains constructive for 2026, with strong momentum in M&A and capital-markets work, though they caution that asset prices are high and risks remain.

via Bloomberg.com|

#banking #capital-markets #markets