Hints and tips:
...The Fox-News Corp situation draws an obvious parallel to that of rivals Viacom and CBS. They are both storied media empires that were split apart, only to be brought back together many years later....
...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....
...Buffett’s anointed successor, vice-chair Greg Abel, was charged with overseeing the negotiations and ultimate settlement, according to people briefed on the matter....
...He spent 18 months in jail until he was approved for parole by Park’s left-wing successor Moon Jae-in in 2021....
...Emerald mines Phrases like “blood emerald Trustafarian” turn up quite often on Twitter and its rebadged successor, X....
...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...
...have repaired the debt-laden balance sheet.Occidental has also sought to reposition itself as one of the sector’s leaders on climate, setting a target for net zero emissions by 2050, including from the...
...Greg Abel, the billionaire investor’s anointed successor, won’t be afforded the same luxury....
...That recalls Redstone’s attempts to chair CBS and Viacom even as he was reduced to communicating with an iPad with audio clips such as “yes”, “no” and “fuck you”....
...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....
...Mr Redstone’s Viacom and CBS closed their re-merger a year ago, bringing together businesses with strengths in broadcast and pay television....
...BT, which acquired EE five years ago, is hoping to stake a claim in that converged product category, ahead of its arch-rival Virgin Media's merger with O2 allowing it to do a similar thing....
...Even mergers blocked by previous regulators, like T-Mobile’s acquisition of Sprint, managed to get the green light from Delrahim....
...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....
...A second scoop to start: Germany’s Bertelsmann is in pole position to buy Simon & Schuster, outbidding Rupert Murdoch’s News Corp to strengthen its position as the world’s biggest books publisher....
...The sprawling conglomerate was stung by its last big M&A bet, which just so happened to be its biggest takeover ever....
...The group, which is called Archimedes Advisors and sits within Mr Klein’s firm, includes former Ford CEO Alan Mulally; Apple’s former design chief Jony Ive; Joe Ianniello, who used to lead CBS; and John...
...Viacom, home to MTV, Paramount and Showtime, has recombined with CBS, but ViacomCBS shares fell 18 per cent on Thursday as the new entity recorded a quarterly loss and failed to inspire investors with its...
...Analysts warn that merging CBS and Viacom may not be enough to convince investors she is the right person to lead the group in the battles ahead....
...CBS and Viacom have agreed to combine in an all-stock merger, reuniting the two halves of a historic media empire looking to compete in an entertainment industry that has been upended by Netflix....
...(The Intercept) Here’s a flashback to a 1994 Vanity Fair profile mentioned in the article, which pits Rattner as successor to Lazard’s Felix Rohatyn....
...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....
...DD’s Arash Massoudi and James Fontanella-Khan have a video explainer on Buffett’s recent investment history here, including a rare mis-step by the investor in the merger between Kraft and Heinz....
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