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Sale Talks

All articles tagged with #sale talks

business11 days ago•17 min saved

Letterboxd Attracts Potential Buyers, Including Netflix and Paramount

Letterboxd, the film-review social network with more than 30 million members, is reportedly up for sale, with majority owner Tiny and banker LionTree in talks with Netflix, Sony Pictures Entertainment, Paramount Skydance and others; a $250 million valuation has circulated, though no confirmations have been made. The process could raise conflicts given buyers’ interests in their own catalogs, and there have been no official comments from Letterboxd or the prospective buyers.

via Variety|

#business #letterboxd #netflix

business-technology2 years ago•2 min saved

"DocuSign's Workforce Reduction Amidst Stalled Sale Talks"

DocuSign is cutting 6% of its workforce as sale talks with private equity firms Bain Capital and Hellman & Friedman appear to have stalled, resulting in a restructuring effort to strengthen financial and operational efficiency. The company, which had been a pandemic darling, has faced increasing competition and a decline in valuation. The layoffs will mostly affect sales and marketing staff, and the company expects to incur about $28 million to $32 million in restructuring charges. This news adds to a trend of job cuts in the technology industry, with companies like Snap Inc. and Okta Inc. also announcing workforce reductions.

via Yahoo Finance|

#business-technology #docusign #layoffs

business2 years ago•2 min saved

"Hulu Sale Talks Accelerate as Comcast and Disney Clash Over Valuation"

Comcast and Disney have moved up their talks for the sale of Comcast's one-third stake in Hulu to September 30. Comcast CEO Brian Roberts believes that the synergies around Hulu could be worth $30 billion, making the company more valuable than when the previous minimum number of $27.5 billion was set five years ago. The proceeds from the sale would be returned to shareholders. Roberts also commented on the Disney-Charter dispute, stating that disputes between content and distribution are common in the changing video ecosystem, and that consumers want simplicity and the most value for their money.

via Variety|

#business #comcast #disney