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Tender Offer

All articles tagged with #tender offer

business10 days ago

WBD Signals Open Door to Paramount Skydance, Still Backing Netflix Deal

Warner Bros. Discovery’s board says Paramount Skydance’s revised bid could reasonably lead to a “Company Superior Proposal” under WBD’s Netflix merger agreement, detailing $31 per WBD share in cash, a quarterly ticking fee after Sept. 30, 2026, a $7 billion regulatory termination fee, PSKY’s payment of WBD’s $2.8 billion Netflix break‑up fee, added equity funding if needed, and a narrowed MAE definition; the board has not yet ruled this proposal superior to Netflix and will continue talks, with the Netflix merger remaining in effect and recommended. Advisors are listed in the release.

via PR Newswire|
#business#merger-agreement#netflix
finance14 days ago

Liquidity Play: Saba and Cox Plan Tender Offers for Blue Owl BDCs

Saba Capital Management and Cox Capital Partners disclosed their intent to commence cash tender offers to purchase a portion of outstanding shares of Blue Owl Capital Corporation II (OBDC II), Blue Owl Technology Income Corp. (OTIC), and Blue Owl Credit Income Corp. (OCIC). They notified the issuers on Feb 17, 2026, and plan to announce the tender offers after the 10-business-day notice period. The offers aim to provide direct liquidity amid rising redemption requests and limited liquidity for these non-traded BDCs; pricing is expected to be 20-35% below the most recent NAV/DRIP price, with terms to be detailed in tender offer documents. The Purchasers are not affiliated with the BDCs or their advisor. SEC filings (Schedule TO and 14D-9) will follow if and when offers commence; the materials will contain important information for investors and are not investment advice.

via Business Wire|
#bdc#blue-owl#finance
Paramount Skydance Opens Door to WBD Talks Without Hinting a Higher Bid
business18 days ago

Paramount Skydance Opens Door to WBD Talks Without Hinting a Higher Bid

Paramount Skydance said it is prepared to engage in good-faith discussions with Warner Bros. Discovery within the seven-day negotiating window opened by WBD, but offered no indication it would raise its $30-per-share all-cash bid. WBD pressed for clarity on a higher proposal (noting a potential price above $31 per share) and scheduled March 20 for the Netflix merger vote, while Paramount said it would continue its tender offer and nominate directors, arguing its offer remains superior to Netflix’s deal.

via Variety|
#business#netflix-merger#paramount-skydance
Delaware Judge Denies Fast-Track Bid in Paramount-WBD Merger Battle
business1 month ago

Delaware Judge Denies Fast-Track Bid in Paramount-WBD Merger Battle

A Delaware Chancery Court judge refused Paramount’s bid to fast-track its suit against Warner Bros. Discovery, ruling Paramount did not show irreparable harm to justify expedited disclosures about the board’s recommendation not to tender shares; the decision preserves normal litigation timelines as Paramount extends its tender offer amid Netflix-related merger dynamics and a looming proxy fight.

via Deadline|
#business#delaware-chancery-court#expedited-disclosure
SpaceX Warns of Elon Musk's Potential US Political Return
world7 months ago

SpaceX Warns of Elon Musk's Potential US Political Return

SpaceX has included language in its investor documents suggesting Elon Musk might return to US politics, amid plans for a significant share sale valuing the company at around $400 billion. Musk, who previously advised President Trump and has a history of political involvement, recently indicated a busy work schedule and has a history of supporting Republican candidates. The mention of political risks in investor documents is a new development for SpaceX.

via Yahoo Finance|
#elon-musk#investor-warning#spacex
Gusto Initiates $200 Million Tender Offer
business9 months ago

Gusto Initiates $200 Million Tender Offer

Gusto, a valued HR tech startup, is conducting a $200 million tender offer led by the Ontario Teachers’ Pension Plan, allowing employees to cash out shares and marking the company's ongoing growth amid a limited IPO market. The deal reflects Gusto's strong financial position, with over $500 million revenue in 2023, and its focus on expanding its HR services and product offerings.

via Fortune|
#business#employee-shares#gusto
SpaceX Considers $350 Billion Valuation Tender Offer
business1 year ago

SpaceX Considers $350 Billion Valuation Tender Offer

SpaceX is reportedly in talks to conduct a tender offer that could value the company at approximately $350 billion, significantly higher than its previous valuation of $255 billion. This move would solidify SpaceX's position as the most valuable private startup globally. The tender offer would allow insiders to sell shares, providing liquidity to investors. The discussions are ongoing, and the final details may change based on interest from potential sellers and buyers.

via Yahoo Finance|
#business#elon-musk#private-startup
"SpaceX's Valuation Soars to $175 Billion, Surpassing Disney and Comcast"
business2 years ago

"SpaceX's Valuation Soars to $175 Billion, Surpassing Disney and Comcast"

SpaceX is reportedly in discussions to sell insider shares in a tender offer that values the company at $175 billion or more, making it one of the world's 75 biggest companies by market capitalization. The tender offer could range from $500 million to $750 million, with shares potentially offered at around $95 apiece. This valuation represents a premium to the $150 billion valuation obtained through a previous tender offer. SpaceX dominates the market for commercial space launch services and operates its Starlink internet-from-space service. The company is projected to generate revenues of about $9 billion this year, with sales expected to rise to around $15 billion in 2024. SpaceX is also considering an IPO for Starlink in late 2024.

via Yahoo Finance|
#business#elon-musk#insider-shares
OpenAI's Leadership Turmoil Threatens January Tender Offer
business2 years ago

OpenAI's Leadership Turmoil Threatens January Tender Offer

OpenAI's tender offer, led by Thrive Capital, is still on track and set to value the company at around $86 billion. The offer allows employees to sell their shares to outside investors, providing liquidity. The round had been extended to January 5, following a period of leadership turmoil and board reshuffling. Sam Altman's temporary ouster threatened the round, but his return cleared the way for it to proceed. Microsoft CEO Satya Nadella's announcement that Altman and OpenAI president Greg Brockman would lead a new AI lab under Microsoft caused uproar among investors and employees, leading to significant board turnover. Altman and Brockman have now officially returned to their previous roles, and a new board has been announced. Microsoft holds a 49% stake in OpenAI.

via CNBC|
#business#leadership-tumult#openai
"SpaceX to Offer Shares at $150B Valuation in December: Sources"
business2 years ago

"SpaceX to Offer Shares at $150B Valuation in December: Sources"

SpaceX is planning to launch a tender offer next month, valuing the company at around $150 billion, the same as its valuation in a July tender offer. This suggests that Elon Musk is not considering an IPO for its Starlink satellite division in the near future. Investors are uncertain about the direction of Starlink, which accounts for most of SpaceX's value, as it has struggled to meet profit goals despite significant growth. SpaceX's conservative approach to valuation aims to attract investors and avoid uncomfortable questions.

via New York Post |
#business#ipo#spacex
OpenAI's Valuation Soars to $86 Billion Amidst Share Sale Talks
technology2 years ago

OpenAI's Valuation Soars to $86 Billion Amidst Share Sale Talks

OpenAI is reportedly in talks for a deal that would value the company at $80 billion or more, nearly tripling its valuation in less than six months. The deal, led by venture firm Thrive Capital, would make OpenAI the most valuable start-up in San Francisco and one of the world's most valuable tech start-ups. OpenAI's employees would have the opportunity to sell their existing shares in the tender offer. The surge in valuation reflects the continued investor interest in AI start-ups and their potential to disrupt various industries with generative AI technologies.

via The New York Times|
#artificial-intelligence#openai#start-up