Tag

Mergers And Acquisitions

All articles tagged with #mergers and acquisitions

business15 hours ago•17 min saved

Red-State AGs Urge DOJ to Scrutinize Netflix-Warner Bros Merger Over Monopoly Fears

Nearly a dozen Republican state attorneys general are urging the U.S. Department of Justice to subject Netflix’s planned $83 billion acquisition of Warner Bros. Discovery to a thorough Clayton Act review, warning the deal would concentrate market power, raise prices, and curb innovation for American consumers; the DOJ has opened a formal antitrust probe into Netflix’s bid, while Paramount’s Ellison attended the State of the Union and Democrats have their own concerns. Netflix says its competition is YouTube and denies it would monopolize the market, and both Netflix and Paramount declined to comment.

via Deadline|

#antitrust #business #department-of-justice

business1 day ago•16 min saved

Paramount Hikes Bid for Warner Bros. Discovery as Regulatory Fees Enter Play

Paramount Global has boosted its bid for Warner Bros. Discovery to $31 a share in cash, plus a $7 billion regulatory termination fee if regulators block the deal, and a ticking fee of $0.25 per quarter after Sept. 30, 2026; Paramount also agreed to cover WBD’s $2.8 billion Netflix termination fee. Netflix has offered about $27.75 per WBD share (roughly $82.7 billion). WBD’s board has not yet declared Paramount’s offer superior to Netflix’s, and could trigger a four‑business‑day negotiation window for Netflix if it deems Paramount’s bid a “Company Superior Proposal.” The bid comes as Paramount pursues a potentially hostile deal ahead of a March 20 shareholder vote on the Netflix agreement.

via The Hollywood Reporter|

#business #mergers-and-acquisitions #netflix

business1 day ago•16 min saved

WBD Reassesses Paramount's Revised Bid as Netflix Deal Persists

Warner Bros. Discovery said it is reviewing Paramount’s revised cash takeover proposal with its financial and legal advisers, but disclosed no terms. Paramount has kept its prior tender as a placeholder and said any WBD deal would require a “Company Superior Proposal” under its Netflix merger agreement, with Netflix’s bid remaining in effect and a March 20 stockholder vote on the Netflix deal still on the calendar.

via Deadline|

#business #mergers-and-acquisitions #netflix

business2 days ago•13 min saved

Uber Expands Beyond Rides with SpotHero Parking Acquisition

Uber Technologies announced an agreement to acquire SpotHero, a parking-reservation app, as part of a move to broaden its business beyond ride-hailing. The terms were not disclosed and the deal is expected to close in the first half of 2026 subject to regulatory approvals. SpotHero operates in more than 400 cities across the U.S. and Canada with over 13,000 garages, lots, and valets. Uber plans to offer in‑app parking reservations (potentially bundled with Uber One benefits) and give parking operators access to its large consumer base and fleet network, as the company diversifies into events, airports and other services amid autonomous-vehicle concerns. Wall Street currently shows a Strong Buy consensus on UBER with substantial upside potential.

via TipRanks|

#business #mergers-and-acquisitions #parking-reservations

business2 days ago•2 min saved

Gilead to Buy Arcellx in $7.8B CAR-T Bet

Gilead Sciences announced plans to acquire Arcellx for about $7.8 billion, valuing Arcellx at $115 per share with a 79% premium and potential additional $5 per share contingent on meeting a future sales target, anchored by Arcellx’s CAR-T therapy anito-cel co-developed with Kite Pharma for multiple myeloma.

via statnews.com|

#arcellx #business #car-t

business2 days ago•16 min saved

WBD Stock Surges as Paramount’s Bid Drama Keeps Investors Watching

Warner Bros. Discovery shares rose as investors weigh Paramount’s escalating cash bid for WBD against Netflix’s competing offer, with Paramount’s $30-a-share bid aimed at derailing Netflix’s $27.75-a-share offer and a potential Discovery Global spin-off, plus a March 20 shareholder vote on the Netflix deal amid a broader market decline.

via Deadline|

#business #mergers-and-acquisitions #netflix

business2 days ago•20 min saved

Paramount Skydance Poised to Lift WBD Bid as Netflix Eyes Match

Paramount Skydance is expected to boost its offer for Warner Bros. Discovery to around $32 per share, aiming to outpace Netflix in the ongoing bidding war. Netflix has the option to match higher bids and has signaled it could walk away if Paramount’s offer becomes too aggressive. A revised bid could trigger a $2.8 billion breakup fee to Netflix if Warner Bros. Discovery accepts it. The parties face a seven‑day window for improved proposals culminating in a potential four‑day response period from Netflix, with a March 20 shareholder vote on the Netflix deal and ongoing antitrust scrutiny from the DOJ.

via Variety|

#business #doj-antitrust #mergers-and-acquisitions

business7 days ago•3 min saved

WBD Warns of Talent Drain If Paramount Tops Netflix

Warner Bros. Discovery warns that if Paramount Skydance wins control over the company instead of Netflix, a pre-closing exodus of staff could occur as about $6 billion in anticipated synergies would largely come from headcount reductions. Paramount promises $6B in savings and a $30-per-share bid for the whole company, while Netflix contends its offer for WBD’s studio/HBO assets would save $2–3B. Netflix’s bid values assets at $27.75 per share, and WBD previously favored Netflix for those assets; the final outcome may hinge on asset valuation and Paramount’s willingness to raise its bid amid nine prior offers.

via Business Insider|

#business #employee-retention #mergers-and-acquisitions

business8 days ago•4 min saved

Berkshire Energy pivots with $1.9bn PacifiCorp asset sale to PGE

Berkshire Hathaway Energy unit PacifiCorp agreed to sell wind farms, transmission lines and a natural gas plant in Washington to Portland General Electric for $1.9 billion to strengthen its finances after wildfire-related losses, while retaining a hydro plant; the deal, coordinated under Greg Abel’s leadership, marks a rare asset disposal for Berkshire’s energy business.

via Financial Times|

#berkshire-hathaway #business #energy

business8 days ago•15 min saved

Paramount Bets on Good Faith Talks While Pressing Its Netflix-Backed Offer

Paramount says it will engage in good-faith talks with Warner Bros. Discovery over the Netflix-backed deal, while continuing its $30-a-share all-cash tender offer and planning a proxy fight; WBD has set a seven-day negotiation window, and Paramount argues its offer is superior and will press ahead.

via Deadline|

#business #mergers-and-acquisitions #netflix

business8 days ago•2 min saved

Danaher bets $9.9B on Masimo to broaden diagnostics portfolio

Danaher will acquire Masimo for $9.9 billion, paying $180 per share and a 38.3% premium to Masimo's last close, to broaden its diagnostics portfolio with Masimo's non-invasive monitoring devices; the deal is expected to close by the second half of 2026, Masimo shares jumped while Danaher's fell on the news.

via Reuters|

#business #danaher #diagnostics

business8 days ago•2 min saved

Netflix grants seven-day waiver to resume WBD-Paramount Skydance talks

Netflix has given Warner Bros. Discovery a seven-day waiver to reopen discussions with Paramount Skydance to address deficiencies in PSKY’s $30-per-share all-cash bid for WBD. Paramount has said its offer is not best and final, and talks could push toward a $31 per share bid if they resume. Netflix will retain its matching rights afterward, and WBD has scheduled a March 20 shareholder meeting while continuing to back the Netflix deal; both Paramount and WBD stocks rose about 3% in premarket trading.

via CNBC|

#business #mergers-and-acquisitions #netflix

business-and-innovation10 days ago•7 min saved

ZIM to be sold for $4.2B to German-Israeli partners, drawing domestic opposition

Israel's ZIM will be sold for about $4.2 billion to a German-Israeli partnership of Hapag-Lloyd and FIMI Opportunity Funds, with Hapag-Lloyd running international operations and FIMI Israeli assets. The deal, approved by ZIM’s board, aims to bypass the government’s golden share but faces pushback from workers, politicians and Haifa officials who warn it could threaten Israel’s economy and security.

via The Jerusalem Post|

#business-and-innovation #fimi #hapag-lloyd

news11 days ago•14 min saved

Saudi Arabia Moves to Buy Moonton in $6–7B Mobile-Gaming Play

Saudi Arabia's Savvy Games Group is reportedly close to a $6–7 billion deal to acquire Moonton, ByteDance's mobile-games arm behind Mobile Legends, with broad terms already agreed and a potential announcement as soon as March, marking another step in Riyadh's aggressive mobile-gaming consolidation (a pattern mirrored by Savvy's prior acquisitions of Scopely and Niantic).

via Kotaku|

#bytedance #mergers-and-acquisitions #mobile-legends

business15 days ago•17 min saved

Paramount Adds Fees and Cash Backing to Bid for Warner Bros. Discovery

Paramount sweetens its bid for Warner Bros. Discovery by adding a quarterly ticking fee of $0.25 per WBD share if the deal isn’t closed by December 31, 2026 (about $650 million per quarter) and by funding a $2.8 billion termination fee to Netflix, plus financing concessions. The amended offer is fully financed with roughly $43.6 billion in equity from the Ellison family and RedBird Capital Partners and $54 billion of debt from major banks, backed by Larry Ellison’s personal guarantee of $43.3 billion. Paramount would reimburse WBD shareholders’ $1.5 billion financing cost and backstop an exchange offer to relieve WBD’s bondholder obligations, while offering flexibility between signing and closing and potential contractual tweaks if WBD’s performance worsens. WBD is pursuing its own Netflix-backed plan to spin off assets and remains resistant, making for a prolonged battle.

via Deadline|

#business #ellison #mergers-and-acquisitions