#mergers_and_acquisitions — Public Fediverse posts

Fabric and craft retailer Joann to go out of business, close all of its stores
https://apnews.com/article/joann-closing-bankruptcy-crafts-retail-b83c68fb641fad18cd6c8be925c6d90b
#ycombinator #Mergers_and_acquisitions #Retail_and_wholesale #General_news #OH_State_Wire #Business #Joann_Stores_Closing #U_S_news #Bankruptcy #U_S_News

Wiz walks away from $23B deal with Google
https://www.cnbc.com/2024/07/23/google-wiz-deal-dead.html
#ycombinator #Mergers_and_acquisitions #Amazon_com_Inc #Microsoft_Corp #Technology #Google #Breaking_News_Technology #Alphabet_Inc #Internet #business_news

@AndorianSoup @tamitha

This CNBC report is more helpful in breaking things down.

And it provides some insights why Skydance/Redbird Capital/KKR has become the successful buyer, and as a corollary, some hope that the Star Trek franchise will stay intact.

“In early May, Apollo and Sony formally expressed interest in acquiring Paramount for about $26 billion, CNBC previously reported. However, Redstone has favored a deal that would keep Paramount together, and Apollo and Sony planned to break up the company, CNBC previously reported.”

https://www.cnbc.com/2024/06/03/paramount-skydance-merger-deal-update.html

#StarTrek @zora @StarTrekChat #ParamountGlobal #mergers_and_acquisitions

The Guardian’s take on the Sony-Apollo $ 26 billion offer for Paramount Global flags the likelihood of federal antitrust concerns with such a merger.

The bid does seem to have prompted a slightly better offer for non-voting class B shareholders from Redbird/Skydance.

https://www.theguardian.com/business/article/2024/may/02/sony-apollo-paramount-offer-share-price-increase?CMP=Share_iOSApp_Other

#ParamountGlobal #mergers_and_acquisitions #Antitrust #Sony

Cybersecurity Deals Boom as Investment Dips, Pinpoint Reports - https://www.redpacketsecurity.com/cybersecurity-deals-boom-as-investment-dips-pinpoint-reports/

#threatintel #Cybersecurity_Funding #Mergers_and_Acquisitions #Early-stage_Initiatives