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Potential Buyers

All articles tagged with #potential buyers

sports1 year ago

"Coyotes Owner Pursues Sale Amid Arena Auction Drama"

Arizona Coyotes owner Alex Meruelo has been in talks with potential buyers for the NHL franchise, seeking upward of $1 billion for the team. The franchise has been searching for a new arena location after a failed public vote in May 2023 and is now focusing on winning a land auction in Phoenix. Despite hurdles and uncertainties surrounding the auction, Meruelo remains determined to secure a permanent home for the team. Meanwhile, the owners of the NBA's Utah Jazz have expressed interest in bringing an NHL team to Salt Lake City, initiating talks with the league for a potential expansion.

via Arizona Sports|
#alex-meruelo#arena#arizona-coyotes
businesstechnology1 year ago

"White House Urges Swift Action on TikTok Sale Amid Ban Concerns"

The House-passed bill requiring ByteDance to sell TikTok within 180 days faces significant challenges, including financial, technical, and geopolitical obstacles, making a sale unlikely. The complex transaction, potentially valued at over $100 billion, would require navigating legal challenges, resistance from China, and potential antitrust scrutiny. Potential buyers, including former treasury secretary Steven Mnuchin and tech executives, may face difficulties in assembling the necessary funds and navigating regulatory hurdles. The forced sale also raises concerns about retaliation against U.S. companies in China and the potential impact on TikTok's global operations and workforce.

via The Washington Post|
#businesstechnology#bytedance#china
businesstech1 year ago

Potential Buyers, Political Pressure, and China's Opposition: The Battle for TikTok's Future

The House passed a bill that could force a sale of TikTok if signed into law, prompting potential buyers to express interest in acquiring the app, including former Treasury Secretary Steven Mnuchin, Rumble, former Activision Blizzard CEO Bobby Kotick, and "Shark Tank" investor Kevin O’Leary. Previous interested buyers like Microsoft and Oracle were also mentioned, but the potential sale was put on hold when the Biden administration took over.

via NBC News|
#acquisition#businesstech#bytedance
business1 year ago

"Shari Redstone's Strategic Moves: The Paramount Family Drama Unfolds"

Shari Redstone, the nonexecutive chair and controlling shareholder of Paramount Global, is considering selling the media company due to changing industry dynamics, financial pressures, and personal motivations. Paramount Global's flagship streaming service, Paramount+, has shown growth but is still losing money, leading to a decline in the company's stock. Redstone's inheritance of shares from her father's estate has also created financial obligations, adding to the urgency of a potential sale. Talks with potential buyers, including Warner Bros. Discovery and Skydance Media, are ongoing, but no deal is imminent. Additionally, the looming expiration of a carriage deal with Charter adds to the urgency for a sale.

via CNBC|
#business#media-industry#paramount-global
entertainment1 year ago

"Byron Allen's $30 Billion Buyout Sends Paramount Global Stock Soaring"

Paramount Global, home to Paramount Pictures and CBS, is up for sale, with potential buyers including Skydance Media, Warner Bros. Discovery, and Allen Media Group. The company's struggles stem from its reliance on traditional media in an evolving streaming-focused landscape. The potential sale has sparked speculation about the future of Paramount and the entertainment industry, with various merger possibilities and questions about the company's valuable properties.

via Los Angeles Times|
#entertainment#entertainment-industry#mergers-and-acquisitions
business2 years ago

"Deutsche Bahn Initiates Sale of DB Schenker, Sheds Light on Private Equity in 2024"

Deutsche Bahn has officially launched the sale process for DB Schenker, its logistics subsidiary, with potential buyers asked to register their interest by mid-January. The sale proceeds will be used to reduce Deutsche Bahn's debt and allow it to focus on its core business. The move sets the stage for potential M&A activity in 2024, with DSV and UPS among the rumored interested parties.

via theloadstar.com|
#business#db-schenker#debt-reduction
entertainment2 years ago

Warner Bros. Relents on 'Coyote vs. Acme' Film, Opens Door for New Opportunities

Warner Bros. has reversed its decision to shelve the film "Coyote vs. Acme" and will now allow director Dave Green to shop the completed project to other potential buyers. The reversal comes after the studio faced backlash for shelving two other completed films, "Batgirl" and "Scoob! Holiday Haunt." Filmmakers with projects at Warner Bros. had expressed concerns about the fate of their own movies. "Coyote vs. Acme" has been praised by those who have seen it and is now being considered by Amazon and other potential buyers.

via Hollywood Reporter|
#coyote-vs-acme#entertainment#filmmakers
finance2 years ago

Metro Bank's Urgent Search for a Buyer Intensifies

The Prudential Regulation Authority (PRA) is reportedly working with Metro Bank to present a plan by Monday morning that would help the bank strengthen its balance sheet or find a buyer. The PRA has invited major UK lenders, including HSBC and Lloyds, to consider making an offer for Metro Bank. Shawbrook is also considering a potential bid for the bank. JPMorgan and Santander have reportedly explored the possibility of making offers as well. Metro Bank has been exploring options to raise up to £600 million ($734.28 million) through equity and debt injections and asset sales. The bank has not made a decision on its fundraising plans yet.

via Reuters|
#capital-injection#finance#metro-bank
business2 years ago

Anchor Brewing Company: A Fight for Survival

Anchor Brewing Company, a Bay Area staple, is receiving interest from 24 potential buyers after announcing its closure. The company had been searching for buyers for a year but was unsuccessful. The names of the interested investors are being shared with the Assignee for the Benefit of Creditors, who is managing the liquidation process. Anchor Brewing will continue to serve beer until the taps run dry later this month.

via KRON4|
#anchor-brewing-company#bay-area#business
business2 years ago

Cronos Group Explores Merger and Sale Options Amid Growing Interest

Canadian cannabis company Cronos Group has confirmed that it is reviewing unsolicited indications of interest from potential buyers, but stated that it is still in the early stages of any possible deal. The company, backed by tobacco giant Altria, has received inquiries about a potential transaction involving Cronos. U.S. cannabis company Curaleaf Holdings is among the potential buyers. However, Cronos has made no assurances about any deal announcements. The potential merger talks come as the Canadian cannabis market faces oversupply and depressed stock prices, leading to potential consolidation in the sector.

via MarketWatch|
#business#cannabis#cronos-group
finance2 years ago

"First Citizens in Talks to Acquire Silicon Valley Bank Amid Stock Sell-Off and Collapse"

First Citizens BancShares is reportedly evaluating making an offer for Silicon Valley Bank (SVB) as a potential buyer in the auction process for the failed bank. The Federal Deposit Insurance Corp. will decide on Sunday whether to pursue a full sale or breakup of SVB. First Citizens made a previous offer for SVB which was rejected for being too low. At least one other suitor is making a serious consideration for SVB.

via Fox Business|
#auction-process#fdic#finance
sports2 years ago

Washington Commanders sale imminent as Dan Snyder clears team facility.

Dan and Tanya Snyder have reportedly left the Washington Commanders team facility, with sources saying a sale of the team is "imminent" and could be approved and announced as soon as the upcoming NFL league meetings in Arizona. Potential buyers include Josh Harris, who has added Mitchell Rales to his bid, Tilman Fertitta, and possibly Jeff Bezos. However, there is still an issue to be resolved over Dan Snyder's request for indemnification from the other owners. NFL owners want to move on from Snyder as quickly and quietly as possible.

via Hogs Haven|
#dan-snyder#nfl#potential-buyers