Tag

Takeover

All articles tagged with #takeover

business8 days ago•17 min saved

Imax Sale Sparks Broad Bidder Speculation Across Studios, Tech Giants, and PE

Imax is reportedly exploring a sale, with early talks prompting Wall Street to speculate on a wide pool of potential buyers from traditional theater chains (Cinemark, AMC) to tech and media giants (Apple, Sony, Netflix, Amazon) and private equity firms, plus entertainment players like Sphere Entertainment. Analysts say the universe of likely bidders is unusually broad, though concerns remain about how any buyer might influence Imax’s neutral release model. Previous auction attempts stalled, but the current sale process has renewed interest as premium, large-format cinema experiences rebound post-pandemic.

via The Hollywood Reporter|

#bidders #business #cinema

business10 days ago•16 min saved

Imax Stock Rockets as Takeover Talks Surface

Imax’s stock surged after-hours following a Wall Street Journal report that the company is in the early stages of fielding possible buyers, as studios push premium large-format screens to lure audiences back to theaters. Shares rose about 11% to $37.50, while Imax executives declined to comment on takeover speculation. CEO Richard Gelfond has framed Imax as a valuable asset either on its own or within a larger company, but the sale process is early and may not lead to a deal as the industry continues to emphasize immersive premium experiences.

via The Hollywood Reporter|

#business #cinema #imax

market-news16 days ago•17 min saved

Cohen Dismisses eBay, Proposes Live Shopping Overhaul

GameStop CEO Ryan Cohen attacked eBay’s leadership after they rejected his $55 billion offer, calling the site “stuck in 1995” and accusing its bosses of protecting their own pay with perverse incentives. He argues cost cuts and a pivot to live shopping could make the platform more competitive, while skeptics like Michael Burry question the deal’s math; on Wall Street, EBAY receives a cautious Moderate Buy rating with limited upside amid the controversy.

via TipRanks|

#e-commerce #ebay #gme

market-news18 days ago•15 min saved

GME-EBAY Takeover Saga Could Continue After Rejection, Morgan Stanley Says

eBay rejected GameStop’s $125-per-share takeover offer as neither credible nor attractive, but Morgan Stanley says the saga could continue through a higher bid, a shareholder proxy fight, or additional financing, with Stifel forecasting a response from Ryan Cohen; EBAY has risen about 24% year-to-date versus roughly 15% for GME.

via TipRanks|

#ebay #gme #market-news

business19 days ago•3 min saved

EBay rebuffs GameStop’s $56B bid, calling it not credible or attractive

EBay’s board rejected GameStop’s unsolicited $56 billion cash-and-stock proposal, saying the offer is not credible or attractive due to financing uncertainties, high leverage, and a lack of meaningful synergies, with analysts skeptical about the deal’s strategic value.

via CNBC|

#business #credit-rating #ebay

business27 days ago•7 min saved

GameStop's $56B bid for eBay prompts funding questions and stock swings

GameStop unveiled a $56 billion cash-and-stock bid to acquire eBay, backed by a reported $20 billion debt financing letter from TD Bank and a 20% premium, but CEO Ryan Cohen dodged how the deal would be funded, saying 'the details are on our website' as investors pushed the stock lower while eBay rose on the proposal; GameStop already holds a ~5% stake in eBay and argues leverage and efficiency would drive value, though no talks with eBay have occurred and a hostile takeover remains a possibility.

via Yahoo Finance UK|

#business #ebay #financing

business27 days ago•3 min saved

GameStop bids $55.5B to buy eBay, signaling a potential hostile takeover

GameStop offered to buy eBay for $55.5 billion at $125 per share (half cash, half stock), a bid that could turn hostile if rebuffed. GameStop owns about 5% of eBay and says it could use its 1,600 stores as authentication, fulfillment, and live‑commerce hubs. CEO Ryan Cohen argues the merger could unlock hundreds of billions in value and plans roughly $2 billion in annual cost cuts funded by a $20 billion loan and potential external investors. EBay has not commented on the offer, while posting strong Q1 results and moving ahead with the $1.2 billion Depop acquisition to attract younger shoppers.

via The Guardian|

#business #cost-cutting #ebay

business28 days ago•1 min saved

GameStop makes $56B unsolicited bid to buy eBay, aiming for Amazon-scale rival

GameStop has made a $56 billion unsolicited bid to acquire eBay, valuing the online marketplace at about $125 per share and backed by roughly $20 billion in debt financing from TD Bank. CEO Ryan Cohen says the deal could transform eBay into a major rival to Amazon, with GameStop already holding about a 5% stake; eBay stock rose in after-hours trading as more details are expected today.

via BBC|

#acquisition #business #ebay

business1 month ago•3 min saved

Paramount clinches $111bn Warner Bros takeover, reshaping Hollywood

Warner Bros Discovery shareholders approved Paramount’s $111 billion takeover, placing Paramount in control of Warner Bros’ library and channels (including CNN) once regulators sign off. Completion remains contingent on US DOJ and European approvals, with a target around September; if cleared, HBO Max and other Warner assets would be folded into Paramount’s portfolio. The deal drew opposition from industry figures and politicians over consolidation risks, though Paramount pledges to support creators and enhance consumer choice.

via BBC|

#business #cnn #paramount

business1 month ago•2 min saved

UniCredit unveils cross-border Commerzbank overhaul plan to create future-ready European lender

UniCredit laid out an ambitious plan to overhaul Commerzbank via an 'Unlocked' tie-up that would form a cross-border European lender and unlock about €1.1 billion in value by 2030. The plan sketches two paths: a partial-control route where Commerzbank remains separate for 18 months, or a full integration path that would eventually merge into UniCredit's network (with HVB). Commerzbank has resisted mergers, but UniCredit’s stake above 30% triggers a mandatory takeover offer; UniCredit claims the plan could lift net profit by about €600 million by 2028 to roughly €5.1 billion and boost investment in technology and AI.

via CNBC|

#business #commerzbank #european-banking

business2 months ago•14 min saved

Jurors Find Musk Liable For Misleading Twitter Investors In $44B 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.

via Deadline|

#business #elon-musk #jury-verdict

business2 months ago•14 min saved

Bid chatter fuels 18% jump in Papa John’s stock

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.

via TipRanks|

#brookfield-asset-management #business #irth-capital-management

wwe3 months ago•23 min saved

Danhausen vows to takeover TV after chaotic WWE debut

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.

via Cageside Seats|

#danhausen #debut #elimination-chamber

politics3 months ago•6 min saved

Trump hints at a 'friendly takeover' of Cuba as Rubio leads talks

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.

via PBS|

#cuba #foreign-policy #marco-rubio

business3 months ago•4 min saved

PayPal takeover chatter sparks stock rally

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.

via The Motley Fool|

#business #fintech #paypal