Merger

The merger of Indian media assets of Reliance, its portfolio Viacom18 and Disney will create an entity that captures 85% of the country’s on-demand streaming service audience and about half of the TV viewers, analysts said, posing bigger challenges to Netflix, Amazon’s Prime Video, Apple, Sony and Zee. The merger, which is scheduled to complete by March of 2025, will have exclusive digital and broadcast rights to some of the key sporting events – including the next four years of popular cricket…

President and C.E.O. of Warner Bros. Discovery David Zaslav speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City.Michael M. Santiago | Getty ImagesWarner Bros. Discovery has gone "pencils down" on a potential acquisition of Paramount Global, halting talks after several months of kicking the tires on merging the media companies, according to people familiar with the matter.Skydance Media, the film and TV studio run by David Ellison, is still performing due diligence on a potential…

Albertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesThe U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and lower wages for workers.In a release, the FTC said it issued an administrative complaint and authorized a lawsuit in federal court to stop Kroger's $24.6 billion acquisition of Albertsons, which would create one of the…

The Federal Trade Commission sued to block Kroger’s bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history. The Federal Trade Commission sued to block Kroger’s bid for rival Albertsons, throwing into uncertainty the fate of one of the largest supermarket deals in history. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

Lotus Technology is closing on an approved merger with Special Purpose Acquisition Company (SPAC) L Catterton Asia Acquisition Corp, setting the stage for a debut on the Nasdaq this week under the stock ticker symbol “LOT.” It’s just over a year since we first caught wind of Lotus’ plans to go public on the US stock market via a SPAC merger – a once popular method that has since cooled down. SPAC mergers enable a publicly traded company to be created to merge with an existing company. In the case of…

Capital One CEO and Chairman, Richard Fairbank.Marvin Joseph| The Washington Post | Getty ImagesCapital One's recently announced $35.3 billion acquisition of Discover Financial isn't just about getting bigger — gaining "scale" in Wall Street-speak — it's a bid to protect itself against a rising tide of fintech and regulatory threats.It's a chess move by one of the savviest long-term thinkers in American finance, Capital One CEO Richard Fairbank. As a cofounder of a top 10 U.S. bank by assets, his tenure is a rarity in a…

The Securities and Exchange Commission (SEC) has approved a merger between former President Trump’s media startup and the blank-check company attempting to take his platform Truth Social public. Digital World Acquisition Corp. (DWAC) said Wednesday that the agency declared the registration statement for its merger with Trump Media & Technology Group (TMTG) to be effective. The company will announce the date of a stockholder meeting to vote on the merger within two days, it added in a press release.…

Colorado Attorney General Phil Weiser said Wednesday that he is filing a lawsuit seeking to block the $24.6 billion merger of Kroger and Albertsons, the state’s largest grocery store chains, because he believes it would eliminate competition and harm shoppers, workers and suppliers. Weiser joins Bob Ferguson, attorney general for Washington state, who filed a lawsuit in January that said the consolidation of the two large supermarkets would severely limit options for shoppers and eliminate competition that helps keep…

Grab Holdings and GoTo , Southeast Asia's biggest ride-hailing companies, have restarted talks for a merger, Bloomberg News reported on Friday.The companies are in preliminary discussions over a variety of scenarios, the report said, citing people familiar with the matter.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIIM…

Image: Jaap Arriens (Getty Images)The Federal Trade Commission isn’t happy with the outcome of Microsoft’s $68.7 billion acquisition of Activision Blizzard, telling a court on Wednesday that Microsoft’s recent layoffs contradict promises it made to get the merger approved. Warning! Microsoft Wants ChatGPT to Control Robots NextIn a letter to the clerk of the Ninth Circuit Court of Appeals, the FTC criticized Microsoft for the layoff of 1,900 workers in January, which represented about 8% of its gaming division. The…