Merger

Let's say you have a crush on two people and you find out one of them may like you back. Do you just start dating that person, or do you find out what the other person thinks, too?That's where Warner Bros. Discovery finds itself today. The company has held preliminary merger talks with Paramount Global, the media conglomerate controlled by Shari Redstone. Warner Bros. Discovery Chief Executive David Zaslav met with Paramount Global CEO Bob Bakish on Tuesday to discuss what a merger of the companies may look like,…

Illustration: Garry Brown/IDWAll eyes are on Warner Bros. Discovery and Paramount Pictures after the CEOs of each company met Tuesday in New York City to explore a possible merger. According to Axios, Warner Bros. Discovery CEO David Zaslav met with Paramount Global CEO Bob Bakish and Shari Redstone, who owns Paramount’s parent company, about striking a deal to create a new media titan through their combined forces.Who Wants DC’s Canceled Batgirl Movie? | New York Comic Con 2022What’s interesting is that currently, WBD’s…

Warner Bros. Discovery and rival Paramount Global are in early merger talks, sources familiar with the matter told CNBC.Warner Bros. Discovery CEO David Zaslav and Paramount CEO Bob Bakish met Tuesday to discuss the contours of a possible deal, said the sources, who declined to be named since the talks are private. The discussions are preliminary, and a deal may not materialize.Warner Bros. Discovery and Paramount declined to comment.The news comes as speculation about Paramount's future heats up. Controlling shareholder…

Too Long; Didn't ReadAdobe's high-stakes $20 billion acquisition of Figma, a significant player in digital design, collapses as regulatory challenges mount. Concerns arise among Figma's 4 million users about the fate of their accessible design tool under Adobe's ownership. Antitrust investigations by the U.S. Department of Justice and the UK's Competition and Markets Authority prompt scrutiny of the deal's potential impact on market innovation. Despite efforts to navigate regulatory hurdles, Adobe and Figma jointly opt to…

Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of professional pickleball players have formed a collective to voice their concerns about recent pay cuts and the future of the sport.In a letter obtained by CNBC, the collective shared their dissatisfaction with how they have been treated by Major League Pickleball and the Pro Pickleball Association Tour.It comes after MLP asked players to take a 40% percent pay cut in return for a reduction of…

Custom EV conversion specialist ECD Automotive Design celebrated a huge milestone today, ringing the opening bell in New York City as it was officially listed on the NASDAQ following a successful SPAC Merger with EF Hutton. The merger gives the company specializing in classic UK vehicles plenty of runway to grow its already successful business. Today’s ceremony at the New York Stock Exchange puts a bookend on a ten-year journey for ECD Automotive that began with three British gearheads essentially…

Microsoft's $69 billion Activision deal is in trouble again thanks to FTC scrutiny, antitrust concerns, and the ongoing in-house trial Microsoft Corporation’s acquisition of Activision Blizzard Inc. for a staggering $69…

An Alaska Airlines aircraft flies past the U.S. Capitol before landing at Reagan National Airport in Arlington, Virginia, U.S., January 24, 2022.Joshua Roberts | ReutersAlaska Air Group's executives spent months working on its plan to buy rival Hawaiian Airlines. The airlines' leaders will now spend many more trying to convince regulators the acquisition should go ahead.It could be the latest in a string of challenges brought by President Joe Biden's Justice Department against airline deals it views as anticompetitive.The…

Back in June, the UK’s Competition and Markets Authority (CMA) began an in depth investigation into the planned $20 billion Adobe and Figma merger. The organization has released its findings and, well, they don’t paint a rosy picture. The probe tasked independent experts to determine whether or not the merger would reduce competition in the design space and the results suggest that, in fact, it’ll do just that.It must be noted, however, that these are provisional findings. With that said, the CMA’s message is clear. The…

…