All articles tagged with #company sale
Glen Schofield, founder of Sledgehammer and former EA and Activision developer, reflects on the decline of these major publishers, describing it as bittersweet but hopeful that new leadership will continue to push the industry forward. He reminisces about the intense, passionate culture at both companies and expresses gratitude for their role in his career, despite the industry's ongoing changes.
Warner Bros. Discovery is exploring strategic options, including a potential sale or split of the company, amid interest from multiple parties and plans to separate into two independent entities by mid-2026, aiming to maximize shareholder value.
Giorgio Armani's will reveals the distribution of his $9.6 billion fortune, including plans to sell a significant stake in his fashion company within five years, with key heirs and advisors inheriting major stakes, and potential buyers like LVMH, L'Oréal, and EssilorLuxottica being considered for future sales or public listing.
International Paper announced the closure of two Georgia mills, resulting in 1,100 layoffs, as part of a strategic shift to focus on its packaging business, including selling its pulp division and expanding cardboard production in Alabama.
Humane, a company founded by ex-Apple employees, launched the AI Pin, a voice assistant device, which failed spectacularly due to poor performance, high price, and safety issues. Internal criticism was banned, leading to ignored warnings about the product's flaws. Despite only $7 million in sales and devastating reviews, the founders are seeking to sell the company for over $1 billion.
Cano Health's stock plummeted by 65% after the primary-care provider issued an earnings warning and expressed concerns about its ability to continue as a "going concern." The company is now actively seeking buyers to sell the company.
David's Bridal, one of the largest wedding gown sellers in the US, has filed for Chapter 11 bankruptcy protection and is looking to sell the company. The retailer is currently open and fulfilling orders for brides without disruption. This is the second time the company has filed for bankruptcy in the last five years.