All articles tagged with #takeover
A California jury found Elon Musk liable for misleading Twitter shareholders with a 2022 tweet that the $44 billion deal was temporarily on hold, triggering a stock drop; the verdict did not establish a fraud scheme, but Musk could face up to $2.6 billion in damages as the acquisition proceeds.
Papa John’s (PZZA) shares surged about 18% after reports that Irth Capital Management, backed by Brookfield Asset Management, has bid $47 per share to take the company private, valuing it around $1.5 billion; the company is reviewing the proposal amid years of declining sales and a mixed analyst outlook.
Danhausen’s Elimination Chamber debut drew boos, but he’s signed with WWE and has publicly pledged to takeover television and the audience as he works to get his ghoul-inspired character over.
President Donald Trump said Rubio was negotiating at a high level with the Cuban government and floated the possibility of a 'friendly takeover' of Cuba, suggesting the island's economy is weak and that such a move could be positive for Cuban exiles, but gave no specifics on what that would entail.
PayPal (PYPL) jumped about 5.7% to around $44 after reports of unsolicited takeover interest from at least one rival, with volume surging well above its three‑month average. The move came as major indices fell, and PayPal trades far below its all‑time high, making a potential bid seem more attractive to buyers while investors caution that takeover chatter isn’t a reason to aggressively own the stock.
PayPal stock jumped after Bloomberg reported unsolicited takeover interest, with analysts saying the company may be undervalued at about seven times next year’s earnings and could attract private‑equity or strategic buyers; there’s even chatter about spinning out Venmo, and potential bidders could include large tech or financial players (e.g., for Venmo) as the fintech landscape shifts.
PayPal is drawing preliminary takeover interest from potential buyers after a slide in its shares, with Bloomberg noting some suitors are exploring the whole company while others are eyeing specific assets. A deal is not guaranteed. The company—worth over $38 billion—has seen leadership changes and warned of slower growth amid competition from Big Tech and weaker retail spending, with its stock up about 7% on the Bloomberg report.
Bloomberg News reports that PayPal's stock slide has attracted takeover interest from potential buyers, though no bidders or terms have been disclosed.
Netflix CEO Ted Sarandos defends the company’s roughly $83 billion bid for Warner Bros Discovery assets, arguing the deal would create a missing animation of the business—a movie studio and distribution arm—and spur growth in the industry, unlike Paramount’s competing offer which he says would consolidate power and cut about $6 billion from the business. He also pushes back on UK competition concerns, highlighting Netflix’s commitment to British creators with 59 UK productions, and downplays political interference such as Donald Trump’s call to remove Susan Rice as irrelevant to the deal.
Donald Trump publicly urged Netflix to remove Susan Rice from its board, calling her a political hack, as Netflix competes in a high-stakes bid to control Warner Bros Discovery amid a takeover clash with Paramount Skydance.
Rio Tinto and Glencore are in preliminary discussions about a potential merger, possibly involving an all-share deal, but no firm offer has been made yet, and the outcome remains uncertain.
Billionaire Larry Ellison has personally guaranteed over $40 billion to support his son David Ellison's hostile bid to acquire Warner Bros. Discovery, aiming to counter doubts about the funding's reliability and influence the ongoing takeover battle with Netflix.
Nelson Peltz's Trian and General Catalyst are leading a $7.4 billion takeover of Janus Henderson, a significant move in the investment sector.
Larry Ellison has personally guaranteed over $40 billion to support Paramount's bid to acquire Warner Bros Discovery, amid a fierce corporate battle, with WBD urging shareholders to reject Paramount's hostile takeover offer and selling its assets to Netflix.
Papa John's stock surged 14% on reports that it is nearing a $65 per share sale to TriArtisan Capital, with discussions progressing toward an agreement, though no deal has been finalized.