Hints and tips:
...But the chief motivation for the merger is consolidating power under Lachlan Murdoch — Rupert Murdoch’s eldest son and the Fox chief executive — as Rupert’s successor, according to four people close to the...
...When Paramount was created by reunifying CBS and Viacom four years ago, the combined company generated $6bn in operating profits....
...Redstone’s father used his tax law training to concoct complex transactions including acquisitions of Viacom, Paramount Pictures and CBS....
...Note that he’s kept a title [as chairman emeritus]. He won’t be able to stop himself.” One senior News Corp insider put it plainly: “As long as he’s breathing, he’s in charge.”...
...Because these bonds were backed by the US government, Musk believed that they would always be worth 50 cents on the dollar. However, some were selling as low as 20 cents....
...Musk’s X Corp — now Twitter’s parent — has sued Wachtell Lipton in a California state court in an attempt to claw back some of the previously undisclosed $90mn it was paid by the social media platform to...
...Whether or not it was his first choice, the merger plan rings eerily similar to the reunification of media conglomerates CBS and Viacom, worth $13bn today — less than half of the value of the separate groups...
...It is enough to rival Sumner Redstone, who tried to remain chairman of his media conglomerates, CBS and Viacom, when he could no longer speak....
...Now the corporations and countries that cozied up to the outgoing president are racing to find Democrats with links to the new Biden administration....
...David Constable will step down as a non-executive director of Rio Tinto at the end of this year to pursue his new role as chief executive of Fluor Corporation....
...Long confined to the periphery of finance, special purpose acquisition companies, or Spacs as the shells are known, have emerged as one of the hottest trends on the US equity market in a year defined by...
...The latest entrants to the race are Viacom and CBS. They’re in the process of negotiating a merger 13 years after they were split by controlling shareholder Sumner Redstone....
...Pearson’s chief finance officer Coram Williams, who was seen by insiders as a potential successor to chief executive John Fallon, has left the company....
..., New York, April 15 1976; William Paley, chairman, CBS Inc, New York, April 13 1976; Barbara Jordan, US congresswoman (Texas), New York, July 14 1976; Frank Fitzsimmons, president, International Brotherhood...
...As part of the litigation settlement, Ms Redstone and National Amusements have agreed to halt efforts to merge CBS and Viacom for two years....
...Looming in the background, Viacom’s fate has been clouded by a power struggle between the Redstone family, which owns Viacom and CBS, and Les Moonves, who last week resigned as chief executive of CBS in...
...If they end up shutting down or running them as zombie papers, they will,” says Matt DeRienzo, former editor of the New Haven Register, a daily newspaper in Connecticut sold by DFM to Hearst Corporation...
...As an example of the legal risk, the Delaware Court of Chancery recently allowed lawsuits to go forward challenging the merger of Tesla and SolarCity, two companies run by the entrepreneur Elon Musk....
...How has Japan Inc reacted?...
...The decision could affect strategy at media groups and former corporate stablemates CBS and Viacom, which this year held talks on remerging....
...She is also the vice-chair at CBS, which has been in merger discussions with Viacom. Ms Redstone’s influence notwithstanding, CBS is not keen on merging with Viacom given its ailing business....
...The Redstone family has separately sought to combine broadcast network CBS with Viacom, which owns the MTV and Nickelodeon television stations....
...The Redstone family, which holds controlling interests in both broadcast network CBS and cable channel operator Viacom, had also pursued a combination of the two media groups....
...At the smaller end of the industrial scale, private equity has established a strong foothold as a go-to buyer as the founders of Japan’s thousands of SMEs face retirement without a successor....
...It may now look for opportunities to snap up other TV assets, for example if Meredith Corporation spins off its 17 local stations following its $2.8bn acquisition of magazine publisher Time Inc....
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