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Millions of Americans Are Turning to Therapy, and Investors See an Opportunity

Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king.Venture capitalists and private-equity firms are pouring billions of dollars into mental-health businesses, including psychology offices, psychiatric facilities, telehealth platforms for online therapy, new drugs, meditation apps and other digital tools. Nine mental-health startups have reached private valuations exceeding $1 billion last year, including Cerebral Inc. and BetterUp Inc. Demand…

Boehly-Led Group Said to Have Reached Deal to Buy Chelsea F.C.

A group led by Los Angeles Dodgers part-owner Todd Boehly reached a deal to acquire Chelsea Football Club from Russian billionaire Roman Abramovich for almost £4.3 billion, equivalent to $5.2 billion, the team said late Friday, marking a record sale price for a professional sports team. The deal’s completion is expected later this month, assuming the deal wins regulator approvals, Chelsea said in a statement. It follows a…

Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall

Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers are standing pat, or even letting production decline, and instead are handing investors cash.Much of the U.S. shale industry recently reported higher profits than in the same quarter a year earlier, but companies aren’t reinvesting more in production—indeed, some have let U.S. output slip as they focus on paying investors. Nine of the largest U.S. oil producers this week said they shelled out a combined…

Shopify to Buy E-Commerce Fulfillment Specialist Deliverr for $2.1 Billion

Shopify Inc. has agreed to buy U.S. fulfillment specialist Deliverr Inc. for $2.1 billion in a cash-and-stock deal, as the e-commerce platform moves to build out its order-fulfillment operations for online retailers looking to compete with Amazon. com Inc.The Canadian company said Thursday that it plans to merge Deliverr with its existing fulfillment network—anchored by the 6 River Systems business it acquired in 2019 for $450 million—to form a broader logistics…

The Shadow Crew Who Encouraged Elon Musk’s Twitter Takeover

As Elon Musk’s crusade against Twitter Inc. escalated from a war of words to a full-on takeover, he was egged on behind the scenes by a mix of voices—from fellow billionaires to internet trolls—with their own beefs with the social-media platform.In Mr. Musk, a serial entrepreneur with a hard Twitter habit, these men found a vessel for pent-up animosity over the company’s content moderation and management. One of them had a very personal stake: Twitter’s co-founder and former Chief Executive Jack Dorsey, who resigned last…

Activision Blizzard CEO Bobby Kotick Could Walk Away With More Than $500 Million After Microsoft Deal

In a securities filing Friday, Activision said Mr. Kotick would receive $14.4 million in severance if he is terminated or quits under a variety of circumstances within a year of a change of control at the company. It also said Mr. Kotick owns 4.3 million shares and has the right to acquire another 2.2 million—potentially worth just over $500 million combined at the $95-a-share deal price. Mr. Kotick received $826,549 in compensation in 2021, according to the filing. Friday’s disclosure, in Activision’s annual proxy…