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Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed
business2 days ago

Uber mulls loftier bid for Delivery Hero after €11.5bn approach rebuffed

Uber is weighing a higher bid for Delivery Hero after a major shareholder rebuffed an indicative €38-per-share offer (following an earlier €33-per-share bid that valued the group above €10bn). Some Delivery Hero shareholders are said to want more than €40 per share (about €13bn total). Rival DoorDash is circling as the market consolidates, and Uber is exploring options to push its indirect stake above 30% via derivatives with Morgan Stanley advising. Delivery Hero’s board is considering a full sale or spin-offs of certain divisions, while activist Aspex and Prosus hold stakes; founder Niklas Östberg has signaled he will depart by 2027, with regulatory scrutiny anticipated.

via Financial Times|
#business#delivery-hero#food-delivery
Lululemon rebuffs founder's bid for board overhaul as misguided
business9 days ago

Lululemon rebuffs founder's bid for board overhaul as misguided

Lululemon publicly rejects Chip Wilson’s campaign to overhaul its board, saying nominating three directors would endorse his “misguided” views and strip the company of critical leadership. Wilson, a former CEO and one of the largest shareholders, has long attacked management, while Lululemon has named Heidi O’Neill as the new CEO after Calvin McDonald’s departure. The company says it interviewed Wilson’s picks and found they would not benefit shareholders, and the public clash comes as the stock has fallen about 40% this year amid tariffs, consumer spending pullback and competition from brands like Vuori and Alo.

via CNN|
#board-governance#business#chip-wilson
Paramount Skydance deal clears WBD approval as merger advances
business1 month ago

Paramount Skydance deal clears WBD approval as merger advances

Warner Bros. Discovery shareholders approved Paramount Skydance’s merger, and CEO David Ellison sent a celebratory memo noting progress toward closing amid ongoing regulatory reviews. He highlighted recent wins like Scream 7, Landman, and CBS primetime as signs of the portfolio’s strength, while acknowledging potential regulatory hurdles and some industry opposition ahead.

via Business Insider|
#business#merger#paramount-skydance
Hollywood Protests Rally as WBD Shareholders Prepare to Vote on Paramount Merger
business1 month ago

Hollywood Protests Rally as WBD Shareholders Prepare to Vote on Paramount Merger

As Warner Bros. Discovery shareholders prepare to vote on Paramount’s cash deal to buy WBD for $31 per share, protests and warnings from industry groups—including the WGA West—argue the merger would reduce competition, threaten writers’ jobs, and concentrate media power. The virtual meeting is set for 10 am ET, but final approval still depends on antitrust clearances from the DOJ, the EU, and the UK. Paramount’s David Ellison touts production growth and cost cuts, while critics call for blocking the deal to preserve diversity and competition in the industry.

via Deadline|
#business#merger#paramount
Paramount’s $110B bid for WBD moves toward shareholder approval
business1 month ago

Paramount’s $110B bid for WBD moves toward shareholder approval

Paramount’s $110 billion bid to acquire Warner Bros. Discovery is headed to a shareholder vote later this week, with the board and proxy advisers urging approval as the deal faces antitrust scrutiny and industry backlash. If approved, the combination would be debt-laden and could trigger restructuring, layoffs, and regulatory concessions in the U.S. and Europe. The deal includes a ticking fee if closing slips past Sept. 30, and Paramount executives argue the merger would strengthen competition and opportunities for creators and audiences, despite opposition from actors, writers and directors. After the vote, Paramount’s Ellison will attend a Washington dinner tied to the White House correspondents’ association, highlighting ongoing political and regulatory attention.

via CNN|
#antitrust#business#merger
Disney CEO Signals Flexible Park Pricing to Balance Experience and Attendance
business2 months ago

Disney CEO Signals Flexible Park Pricing to Balance Experience and Attendance

Disney CEO Josh D'Amaro told shareholders that Disney Parks pricing will emphasize a range of options to balance value, guest satisfaction and attendance, citing a $50 kids ticket offer for ages 3–9 and promotions like free dining, as the company pursues a $60 billion, 10-year investment plan that includes new developments such as a park in Abu Dhabi and ongoing efforts to manage daily attendance and guest experience.

via Deadline|
#business#disney#josh-damaro
WBD Eyes Fresh Talks With Paramount Skydance on Revised Takeover Terms
business3 months ago

WBD Eyes Fresh Talks With Paramount Skydance on Revised Takeover Terms

Warner Bros. Discovery's board is leaning toward renewing talks with Paramount Skydance on revised terms of its bid to buy the company, spurred by Paramount's latest offer that includes a quarterly premium for shareholders if the Netflix-WBD deal isn't completed by December 31, 2026; Netflix has the right to match superior offers, and representatives declined to comment as the sale process continues amid investor scrutiny and regulatory review.

via Variety|
#acquisition#business#netflix
Tesla shareholders approve Elon Musk's $1 trillion pay plan amid controversy
business6 months ago

Tesla shareholders approve Elon Musk's $1 trillion pay plan amid controversy

Tesla shareholders approved a nearly $1 trillion pay package for Elon Musk, contingent on achieving significant company milestones like increasing Tesla's market value to $8.5 trillion and launching self-driving Robotaxi vehicles, amid ongoing debates about Musk's focus on projects like the Optimus robot and regulatory challenges with Tesla's self-driving features.

via BBC|
#business#elon-musk#pay-package