Hints and tips:
...The US plaintiff’s lawyers are hoping future juries will be more likely to be swayed by grieving parents than a large corporation....
...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...
...Sumitomo Mitsui Banking Corporation has named Clarke Adams as head of high-yield capital markets and Matt Burke as head of leveraged finance origination....
...Smart reads Bankruptcy in Texas Houston has been a favoured city for cash-strapped companies and corporations with large legal liabilities to find shelter from creditors....
...Symbolically, however, the move made Murdoch’s wishes crystal clear: he has chosen Lachlan as his successor....
...and CBS News....
...A&O is the latest corporation to take private equity money to grow non-core businesses, while retaining a stake to ensure they don’t miss out on future profits....
...Redstone spent the twilight years of his long life feuding over control of Viacom and CBS as lurid details of his personal life and sexual affairs emerged in the press....
...It only has a few hundred attorneys who all work out of a single office in the CBS Building on 52nd Street in midtown Manhattan known as Black Rock....
...by tomorrow, and a knack for annoying a lot of people....
...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...
...US election winner: Big Tech Americans are still waiting to hear who will take the White House, with a potential ruling still hours away as results from Nevada, Arizona, Pennsylvania and Georgia are counted...
...Whether or not Demchak has hit a hole in one with BBVA, he is a banker to watch — especially when it comes time for Dimon to pick a successor....
...“Spacs are reaching out to pre-IPO companies and saying they should view this as a safer way to go public and a credible alternative to an IPO”....
...Sales of non-core businesses by Hitachi, Toshiba and other conglomerates, as well as Japan’s problems with finding successors for its ageing business bosses, presented attractive opportunities for buyout...
...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....
...Our attitudes to maleness, the show suggests, are shaped by culture, custom and social factors such as race, class and income. Men are created out of circumstances, not cast from a single mould....
...(BBG) Tables turned Viacom heiress Shari Redstone now sits unchallenged atop a $30bn entertainment empire after fighting off two of the most powerful men in Hollywood, ex-CBS chief executive Les Moonves...
...In May, it was the subject of a lawsuit from several CBS directors that aimed to limit the family’s power and thwart a merger of CBS and Viacom, the owner of MTV, Paramount and Comedy Central....
...On the way he ruthlessly engineered the downfall and firing of Semon “Bunkie” Knudsen, recruited from General Motors by Ford II as his potential successor, who lasted only 19 months as president....
...FT premium subscribers can click here to receive Due Diligence every day by email. The CBS soap opera is about to reach a new climax....
...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...
...In such litigation, CBS would need to convince a Delaware court the merger was struck both at a “fair price” and in a “fair process”....
...On Tuesday the Financial Times reported that Mr Ghosn had been planning a merger between Renault and Nissan, but that the Japanese carmaker’s board was opposed to the deal....
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