US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger
thehill.com/homenews/ap/ap-business/ap-us-cable-giants-charter-and-cox-pursue-34-5-billion-merger/
Story Details
| Last Updated | |
| Total Articles | 23 |
Main Topics
News on this topic
US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger
apnews.com/article/charter-cox-merger-cable-regulators-13d6bdf6320d4924ac75c7fa8a6b636d
Charter buys Cox: Billion-dollar takeover in the US cable network due to 5G competition - | Golem.de
golem.de/news/charter-kauft-cox-milliardenuebernahme-im-us-kabelnetz-wegen-5g-konkurrenz-2505-196343.html
Spectrum owner Charter to buy Cox for $21.9 billion in mega cable deal: Charter Communications on Friday agreed to buy privately held rival Cox Communications ...
reuters.com/business/media-telecom/charter-advanced-talks-combine-with-cox-bloomberg-news-reports-2025-05-16/
More articles on this subject
Previous
Charter Communications to buy rival Cox for $21.9bn: The proposed merger, which would create the largest cable provider in the US, could face antitrust hurdles.
aljazeera.com/economy/2025/5/16/charter-communications-to-buy-rival-cox-for-21-9bn
Charter and Cox to merge in major cable deal: Charter Communications and Cox Communications, two of the largest cable companies in the U.S., have agreed to merge ...
cnbc.com/2025/05/16/cable-rivals-charter-and-cox-to-merge.html
Cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger
theadvocate.com/baton_rouge/news/business/cable-giants-charter-and-cox-under-assault-by-streaming-services-pursue-34-5-billion-merger/article_8d95314c-d3f4-4bff-beb9-1eaf3fd58951.html
US cable giants Charter and Cox, under assault by streaming services, pursue $34.5 billion merger
thehill.com/homenews/ap/ap-business/ap-us-cable-giants-charter-and-cox-pursue-34-5-billion-merger/
Charter and Cox Have Announced a $34.5 Billion Merger: A definitive agreement has been reached to combine two of America's largest cable companies.
cnet.com/home/internet/charter-and-cox-have-announced-a-34-5-billion-merger/
Cable Empire Strikes Back: Charter, Cox Reach $34.5 Billion Merger: Charter and Cox set to combine in massive cable merger.
adweek.com/convergent-tv/charter-cox-34-billion-merger/
Cable giants Cox and Charter agree to $34 billion merger: The merger will need to pass antitrust enforcement.
engadget.com/big-tech/cable-giants-cox-and-charter-agree-to-34-billion-merger-140652859.html
Charter and Cox to merge in blockbuster $34.5 billion cable deal: Charter Communications' merger with Cox Communications will combine two of the top three cable ...
cbsnews.com/news/charter-cox-merger-cable/
Charter and Cox Communications sign $35 billion merger: It would create America's largest cable TV and broadband provider, leapfrogging Comcast.
axios.com/2025/05/16/cox-charter-cable-merger
Cable giant Charter to buy Cox in a $34.5-billion deal: The deal brings together two of the biggest cable companies in the country at a time when pay-TV firms ...
latimes.com/business/story/2025-05-16/us-cable-giants-charter-and-cox-under-assault-by-streaming-services-pursue-34-5-billion-merger
Cox Communications and Charter to combine in major cable deal: Cox Communications plans to merge with Charter Communications in a deal that ...
ajc.com/news/business/cox-communications-and-charter-to-combine-in-major-cable-merger/QPNR6IYVANHPZK5DD4OTR4IIGQ/
Cable TV news: Spectrum owner merging with Cox in $34.5B deal: Charter Communications, known more widely as Spectrum, has more than 32 million customers in 41 ...
orlandosentinel.com/2025/05/16/cable-tv-deal-spectrum-owner-merging-with-cox-in-34-5b-merger/
Frankreich will Saab GlobalEye erwerben: Frankreich hat erklärt, dass es plant, die luftgestützte Frühwarnplattform GlobalEye von Saab zu erwerben ...
aviationweek.com/defense/aircraft-propulsion/france-acquire-saab-globaleye
Tech investor Prosus bets on India to produce a $100 billion company: India will produce a $100 billion tech company in the coming years, the CEO of Prosus told ...
cnbc.com/2025/06/23/prosus-bets-on-india-to-produce-a-100-billion-company-ceo-says.html
US investor strikes $1 billion merger to create bitcoin treasury company: U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a ...
reuters.com/legal/transactional/us-investor-strikes-1-billion-merger-create-bitcoin-treasury-company-2025-06-23/
Ambac Financial Group: Conversations To Acquire Competitors, News About Oaktree Capital, And Cheap
seekingalpha.com/article/4794894-ambac-financial-group-conversations-to-acquire-competitors-news-about-oaktree-capital-and-cheap
Paid articlePaywall
Nippon, U.S. Steel say they have completed partnership deal: Nippon Steel and U.S. Steel announced Wednesday they have completed a long-debated transaction ...
japantoday.com/category/business/nippon-us-steel-say-they-have-completed-partnership-deal
Photo: reuters.com · view article
Trump Secures Control in Nippon Steel–U.S. Steel DealNippon Steel's $14.9B U.S. Steel acquisition grants Trump board appointment power and veto rights via a golden share.
- Nippon Steel completed the $14.9 billion purchase of U.S. Steel, strengthening its global industry presence.
- A national security agreement grants the U.S. government the right to appoint one independent director and hold a golden share.
- This golden share allows the government to veto decisions on relocating headquarters, job transfers, and capacity cuts.
- The deal includes $11 billion in planned investments through 2028, including funding for a new steel mill in the U.S.
Nippon Steel is excited about opening a new chapter of U.S. Steel’s storied history.— Eiji Hashimoto, Chairman and CEO of Nippon Steel, thanked Trump for his role.
Apple is reportedly considering the acquisition of Perplexity AI: Apple's executives are thinking of acquiring Perplexity AI both to get more talent and to be ...
engadget.com/ai/apple-is-reportedly-considering-the-acquisition-of-perplexity-ai-150012746.html
Photo: financialexpress.com · view article
Perplexity AI Unveils Text-to-Video Feature on XSince June 2025, Perplexity AI creates short, audio-backed videos from user prompts on Elon Musk’s social platform X.
Key FactsJun 22 · Reading time: ~30 sec.
Summary created with AI assistance · Source: financialexpress.com
Summary created with AI assistance · Source: financialexpress.com
- Perplexity AI launched an AI-driven video generation tool for its users on the social media platform X.
- This feature produces brief, eight-second videos automatically based on imaginative text prompts submitted by users.
- The videos include synchronized audio, which has generated significant excitement among the platform’s community.
- Founded in 2022 and led by CEO Aravind Srinivas, the company employs about 700 people and holds a valuation near $14 billion.
Billionaire Brad Jacobs' QXO offers $5 billion for GMS, threatens to go hostile: Billionaire Brad Jacobs' new building-products distributor QXO made an offer on ...
reuters.com/en/building-products-distributor-qxo-acquire-gms-about-5-billion-2025-06-18/
Nippon Steel officials: Trump has approved company's plan to buy US Steel | NHK WORLD-JAPAN News
www3.nhk.or.jp/nhkworld/en/news/20250614_08/
Photo: cnbc.com · view article
US Steel and Nippon Merger ApprovedTrump approved the merger after a security pact, with Nippon pledging $11B in investments by 2028 and tariff hikes in place.
- President Trump authorized the merger between U.S. Steel and Nippon Steel following a national security agreement.
- The deal grants the U.S. government a 'golden share' providing control over governance, domestic output, and trade matters.
- Nippon committed to investing $11 billion by 2028, including a greenfield project extending beyond that year.
- Trump guaranteed full blast furnace operation for 10 years, no layoffs, a $5,000 worker bonus, and doubled steel import tariffs.
Nippon will be a 'great partner.'— President Donald Trump told U.S. Steel workers about the partnership with Nippon.
Fauji Fertiliser submits expression of interest for PIA purchase: People’s Unity of PIA employees’ union submits bid to Privatisation Commission to acquire ...
dawn.com/news/1917610/
The Overlooked Shortcut That's Helping Founders Scale Faster, Safer and Smarter
entrepreneur.com/starting-a-business/how-to-use-micro-acquisitions-to-scale-faster-and-smarter/493271
Wccftech Jun 22
Huawei Is Yet To Jump To SMIC’s 5nm Process, As The Kirin X90 Is Produced On The Older 7nm Node, Highlig…
wccftech.com/huawei-kirin-x90-still-produced-on-older-smic-7nm-process/
‘South Park’ Creators Threaten Legal Action Over Interference on Streaming Deal (Exclusive)
hollywoodreporter.com/business/business-news/south-park-creators-threaten-legal-action-deal-1236297367/
Paid articlePaywall
CNA 6h
Ex-managing director jailed for misappropriating S$7 million from his company to buy its shares
channelnewsasia.com/singapore/ex-klw-holdings-managing-director-hs-optimus-holdings-straitsworld-advisory-criminal-breach-trust-falsify-accounts-5200321
The secretive Tory donor with the golden visa – and the ear of the Beehive: Who is the British billionaire who, during his visit to Wellington in December ...
thespinoff.co.nz/politics/18-06-2025/the-secretive-tory-donor-with-the-golden-visa-and-the-ear-of-the-beehive
Meet the Entrepreneur Behind Qualified Digital | Entrepreneur: Jaqi Saleem, founder and CEO of Qualified Digital, explains how she built a boutique agency that ...
entrepreneur.com/starting-a-business/meet-the-entrepreneur-behind-qualified-digital/493503
Mitsubishi Corp. to start importing Canadian LNG in 1st for Japan: TOKYO -- Mitsubishi Corp. will begin importing liquefied natural gas from Canada by July ...
asia.nikkei.com/Business/Energy/Mitsubishi-Corp.-to-start-importing-Canadian-LNG-in-1st-for-Japan
France gives Eutelsat capital boost to try to build European satellite champion: The French state is set to become Eutelsat's biggest shareholder following a 1 ...
reuters.com/business/aerospace-defense/france-tightens-grip-eutelsat-through-135-bln-euro-shares-sale-2025-06-19/
Agostini plans to acquire Prestige Holdings - CNC3: Agostini Limited has announced plans to acquire Prestige Holdings Limited through a share swap offer ...
cnc3.co.tt/agostini-plans-to-acquire-prestige-holdings/
Wccftech Jun 17
Apple’s AI Dreams Are In Serious Trouble As Top Analyst Warns Apple Intelligence Could Completely Flop W…
wccftech.com/apple-needs-to-make-ai-acquisitions-to-boost-apple-intelligence/
Anne Wojcicki to buy back 23andMe and its data for $305 million: Anne Wojcicki to buy back 23andMe and its data for $305 million
cnbc.com/2025/06/13/anne-wojcicki-to-buy-back-23andme-and-its-data-for-305-million.html
Photo: on.wsj.com · view article
Anne Wojcicki Secures 23andMe with $305M BidWojcicki's nonprofit topped Regeneron's $256M offer; nearly 2 million customers deleted data amid privacy concerns after bankruptcy filing.
- A nonprofit controlled by Anne Wojcicki offered $305 million to acquire 23andMe, surpassing a prior $256 million bid from Regeneron.
- The acquisition remains subject to court approval and could restore Wojcicki's control over the genetic testing company she co-founded.
- Reviving 23andMe poses challenges due to ongoing losses and a steep decline from its peak valuation above $6 billion.
- Privacy issues persist as nearly 15% of customers removed their genetic data, prompting lawsuits and congressional scrutiny.
I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome.— Anne Wojcicki expressed her excitement about the acquisition of 23andMe by TTAM Research Institute.
Anne Wojcicki’s nonprofit wins bid to acquire genetic testing company 23andMe: The California-based nonprofit founded by the former 23andMe CEO is set to close ...
cnn.com/2025/06/14/business/23andme-wojcicki-dna-data
CNA Jun 17
Private club 1880 Singapore closes down, says it has no funds to pay staff and suppliers
channelnewsasia.com/business/1880-singapore-club-shut-close-down-liquidation-5186221
Wccftech Jun 15
Huawei And SMIC Have Now Been Included In TSMC’s Export Control List, With Both Chinese Entities Now Req…
wccftech.com/huawei-and-smic-included-in-tsmc-export-list/
Eli Lilly nears $1.3 billion deal for gene-editing biotech Verve Therapeutics, FT reports
reuters.com/business/healthcare-pharmaceuticals/eli-lilly-nears-13-billion-deal-gene-editing-biotech-verve-therapeutics-ft-2025-06-16/
The New Twist In Regeneron's 23andMe Bankruptcy Buyout: 23andMe wants to reopen bidding on its assets after former CEO Anne Wojcicki put together a $305 million ...
investors.com/news/technology/23andme-former-ceo-anne-wojcicki-regeneron-pharmaceuticals/
Is the Air India crash one tragedy too many for Boeing’s reputation?: The prospect now that the Dreamliner could acquire the taint of a 737 Max-level issue ...
smh.com.au/business/companies/is-the-air-india-crash-one-too-many-for-boeing-s-reputation-20250613-p5m787.html
DNA testing firm 23andMe fined £2.3m by UK regulator for 2023 data hack: Information stolen from US company included details of 150,000 British residents ...
theguardian.com/technology/2025/jun/17/dna-testing-firm-23andme-fined-23m-by-uk-regulator-for-2023-data-hack
Couche-Tard sees ‘clear path’ to Seven & I deal with U.S. stores divestment: The Canadian retailer says several potential buyers have made proposals to acquire ...
japantimes.co.jp/business/2025/06/12/companies/couche-tard-more-push-for-seven-i-buyout/
IonQ to buy Oxford Ionics for $1.08 billion to expand quantum computing research: IonQ will acquire its British peer Oxford Ionics for $1.08 billion ...
reuters.com/world/uk/quantum-computing-firm-ionq-acquire-uk-based-oxford-ionics-108-billion-2025-06-09/
Chime's IPO Poised To Pop, Even As It Faces Long-Term Challenges: In addition to controlling loan losses and AI-enabled fraud, the nation’s largest digital ...
forbes.com/sites/jeffkauflin/2025/06/10/chimes-ipo-poised-to-pop-even-as-it-faces-long-term-challenges/
Adnoc arm-led consortium submits non-binding offer to acquire Australian energy company Santos
khaleejtimes.com/business/adnoc-arm-led-consortium-submits-non-binding-offer-to-acquire-australian-energy-company-santos
OpinionParamount saga presses pause on some TV deals: In fresh signs of trouble for its $8 bln merger with Skydance, Shari Redstone’s media empire lost its CFO and is ...
reuters.com/commentary/breakingviews/paramount-saga-presses-pause-some-tv-deals-2025-06-12/
GameStop to Double-Down on 'High Margin Potential' Trading Cards, Pokémon TGC and the Like a 'Natural Extension of Our Existing Business' - IGN
ign.com/articles/gamestop-to-double-down-on-high-margin-potential-trading-cards-pokmon-tgc-and-the-like-a-natural-extension-of-our-existing-business
CNA Jun 06
OCBC offers US$700 million for remaining 6.28% of insurer Great Eastern: Oversea-Chinese Banking Corp is now offering S$900 million (US$699.9 million) to buy the ...
channelnewsasia.com/business/ocbc-great-eastern-us700-million-offer-remaining-shares-5168321
PAIN OVER PACKAGES: AT least 60 customers of Trinbago Express T&T Ltd have not received their barrels and containers which arrived at the Port of Spain Port ...
trinidadexpress.com/newsextra/pain-over-packages/article_c4beae35-093d-49ee-b1f8-4879bb5841a1.html
E.l.f. Beauty to acquire Rhode, Hailey Bieber’s skincare brand, in $1 billion deal
fastcompany.com/91342181/elf-beauty-to-acquire-hailey-bieber-rhode-skincare-1-billion-deal
New York private equity giant KKR pulls out of Thames Water rescue: Thames Water boss says he is “disappointed” by KKR’s decision
standard.co.uk/business/new-york-private-equity-kkr-thames-water-rescue-ofwat-b1230923.html
US will have golden share in Nippon Steel's takeover of US Steel, lawmaker says: The U.S. government will have veto power over key decisions relating to U.S ...
reuters.com/business/us-government-may-hold-some-us-steel-shares-nippon-steel-deal-kyodo-says-2025-05-27/
Photo: reuters.com · view article
US to Control U.S. Steel in Nippon PartnershipNippon Steel commits $14B investment including $4B new mill; merger to generate 70,000 jobs by 2025.
- The United States will maintain control over U.S. Steel despite the partnership with Nippon Steel.
- Nippon Steel plans to invest $14 billion, including $4 billion in a new steel mill.
- The merger will establish the third-largest global steel producer after Baowu Steel and ArcelorMittal.
- The deal is expected to end U.S. Steel’s public trading and provide shareholders with cash payouts.
It will be controlled by the United States, otherwise I wouldn't make the deal.— Donald Trump regarding the control of U.S. Steel as part of the deal with Nippon Steel.
Trump announces plan to double tariffs on imported steel to 50%: Trump made the announcement as he celebrated a multi-billion dollar deal between the iconic ...
npr.org/2025/05/30/nx-s1-5415684/trump-pittsburgh-us-steel-nippon-steel
Photo: bloomberg.com · view article
Trump Raises Tariffs to Support Steel DealTariffs rise to 50% starting June 4, with $14B investment pledged and $5,000 bonuses for US Steel workers announced.
- Steel and aluminum tariffs will increase from 25% to 50% to protect American jobs and support domestic production.
- The US Steel-Nippon deal aims to keep the company headquartered and operated in the United States.
- A $14 billion investment package includes $2.2 billion to expand steel production at the Mon Valley Works facility.
- US Steel commits to no layoffs or outsourcing, maintaining blast furnace operations at full capacity for at least a decade.
I believe that this group of people that just made this investments right now are very happy, because that means that nobody’s going to be able to steal your industry.— President Donald Trump during his visit to a US Steel plant to announce the increase of steel tariffs to 50%.
23andMe Finds A Big Biotech Buyer In $256 Million Bankruptcy Auction: Regeneron said Monday it will acquire substantially all of DNA-testing outfit 23andMe for ...
investors.com/news/technology/23andme-biotech-buyer-regeneron-pharmaceuticals/
Photo: engadget.com · view article
Key FactsRegeneron Acquires 23andMe for $256 Million
May 19 · Reading time: ~45 sec.
Summary created with AI assistance · Source: engadget.com
Summary created with AI assistance · Source: engadget.com
- 23andMe has been sold to Regeneron for $256 million after nearly two months of bankruptcy.
- Regeneron intends to retain all former 23andMe employees to continue the company's mission.
- The acquisition emphasizes customer data protection and responsible handling of genetic information.
- The future of 23andMe under Regeneron remains uncertain following a significant decline in recent years.
Through our Regeneron Genetics Center, we have a proven track record of safeguarding personal genetic data, and we assure 23andMe customers that we will apply our high standards for safety and integrity to their data and ongoing consumer genetic services.— George D. Yancopoulos, MD, PhD, co-founder, board co-chair, president and chief scientific officer of Regeneron in a statement.
Watch Live: Trump says he's doubling steel tariffs to 50% during visit to U.S. Steel mill near Pittsburgh
cbsnews.com/news/trump-us-steel-nippon-deal-pittsburgh-pennsylvania/
Philstar Life May 29
e.l.f. Beauty acquires Hailey Bieber's Rhode for $1 billion: Hailey Bieber launched Rhode in 2022.
philstarlife.com/news-and-views/766935-elf-beauty-acquires-haily-bieber-rhode
Salesforce to acquire Informatica in $8 billion bid to bolster AI ambitions: The deal is being funded through a combination of Salesforce’s existing cash ...
wionews.com/business-economy/salesforce-to-acquire-informatica-in-8-billion-bid-to-bolster-ai-ambitions-1748413537886
)
Photo: techcrunch.com · view article
Salesforce Boosts AI with Informatica AcquisitionThe $8B deal enhances Salesforce’s data systems, enabling safer, scalable AI agents across global enterprises.
- Salesforce purchased Informatica for $8 billion to enhance its AI and data infrastructure capabilities.
- The agreement sets a price of $25 per share, considering Informatica’s stock classes and prior funding.
- Informatica serves over 5,000 clients in 100+ countries and holds a market valuation of $7.1 billion.
- This acquisition aims to help Salesforce deploy AI agents that operate safely, responsibly, and at scale in enterprises.
Together, we’ll supercharge Agentforce, Data Cloud, Tableau, MuleSoft, and Customer 360, enabling autonomous agents to act with intelligence, context, and confidence across every enterprise.— Salesforce CEO Marc Benioff in the press release regarding the acquisition of Informatica.
Gambling company offered Melbourne man $25,000 on condition he withdraw complaint to regulator and be liable for ‘adverse media’
theguardian.com/australia-news/2025/may/31/gambling-company-offered-melbourne-man-25000-on-condition-he-withdraw-complaint-to-regulator-and-be-liable-for-adverse-media-ntwnfb
Viper Energy fortifies Permian presence with $4.1 billion Sitio deal: Viper Energy will buy Sitio Royalties in an all-stock deal valued at about $4.1 billion ...
reuters.com/business/energy/viper-energy-acquire-sitio-41-billion-deal-2025-06-03/
Promise to Kill DEI, and Trump’s FCC Will Approve Anything: Verizon's $20 billion deal to buy Frontier got approved once the company agreed to end DEI ...
gizmodo.com/promise-to-kill-dei-and-trumps-fcc-will-approve-anything-2000603529
Photo: npr.org · view article
Verizon Drops DEI Policies to Secure Frontier DealThe FCC approved Verizon's $20 billion Frontier acquisition after the company ended many diversity and inclusion programs.
- The Federal Communications Commission approved Verizon's $20 billion acquisition of Frontier Communications.
- Verizon terminated various diversity, equity, and inclusion initiatives to gain regulatory approval from the U.S. government.
- The merger aims to enhance broadband services in 25 states and provide fiber-optic access to over one million homes annually.
- Similar moves are observed at other firms like T-Mobile, which also curtailed DEI goals to secure FCC approval.
We are committed to creating a culture that leverages and values each person's unique strengths and talents.— Verizon's Chief Legal Officer Vandana Venkatesh in a letter to FCC Chairman Brendan Carr.
Moniepoint obtains approval to acquire 78% stake in Kenyan Microfinance Bank: Moniepoint attained unicorn status earlier this year after raising $110 million in ...
premiumtimesng.com/business/business-news/798783-moniepoint-obtains-approval-to-acquire-78-stake-in-kenyan-microfinance-bank.html
Japanese tech giant SoftBank records its first profit in 4 years | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15761578
Poland Seizes Boeing Aircraft Parts Headed for Russia: Polish customs officials seized five metric tons of tires for civilian Boeing aircraft en route to Russia ...
themoscowtimes.com/2025/05/19/poland-seizes-boeing-aircraft-parts-headed-for-russia-a89121
CNA May 20
Ex-company director misappropriated S$7 million under guise of property development in China
channelnewsasia.com/singapore/ex-company-director-misappropriated-s7-million-under-guise-property-development-china-5141496
Ministers to block Thames Water paying bosses bonuses out of emergency loan: Exclusive: Firm close to insolvency says using £3bn loan to pay ‘substantial’ ...
theguardian.com/business/2025/may/15/ministers-to-block-thames-water-paying-bosses-bonuses-out-of-emergency-loan
Australian Billionaire’s WiseTech To Acquire U.S. Firm For $2.1 Billion: WiseTech Global, the Australian logistics software company founded by Australian ...
forbes.com/sites/yessarrosendar/2025/05/26/australian-billionaires-wisetech-to-acquire-us-firm-for-21-billion/
Motorola Solutions nears $4.5 billion deal to buy Silvus, Bloomberg News reports: Motorola Solutions is in advanced talks to acquire closely held wireless-radio ...
reuters.com/technology/motorola-solutions-nears-45-billion-deal-silvus-bloomberg-news-reports-2025-05-21/
Rocket Lab Enters Payload Market with Agreement to Acquire Geost, Positioning Itself as Disruptive Prime to U.S. National Security
finance.yahoo.com/news/rocket-lab-enters-payload-market-201500574.html
How Eric and Donald Trump Jr. Cashed In On Their Father’s Comeback: Don Jr. and Eric Trump struggled to launch new ventures during their father’s first term. Now ...
forbes.com/sites/kylemullins/2025/05/23/how-trumps-sons-cashed-in-on-their-fathers-comeback/
Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros
cnbc.com/2025/05/14/samsung-electronics-to-acquire-flaktgroup.html
Samsung acquires Bowers & Wilkins, Denon, Marantz, in $350M audio deal: This move supercharges Samsung's ambitions in the premium audio space ...
techspot.com/news/107850-samsung-acquires-bowers-wilkins-denon-marantz-350m-audio.html
Who is Greg Abel, Berkshire Hathaway’s new CEO who will succeed Warren Buffett?: Here's what to know about Greg Abel's business background and his ...
fastcompany.com/91328484/who-is-greg-abel-berkshire-hathaway-new-ceo-replace-warren-buffett
Photo: oregonlive.com · view article
Key FactsBuffett Remains Chairman of Berkshire Hathaway
May 06 · Reading time: ~45 sec.
Summary created with AI assistance · Source: oregonlive.com
Summary created with AI assistance · Source: oregonlive.com
- Greg Abel will become CEO of Berkshire Hathaway next year, while Warren Buffett remains as chairman.
- Abel will oversee all companies and investments but will have support from Buffett and other managers.
- Buffett highlights Abel's hands-on management style, while analysts express concerns about future performance under Abel's leadership.
- Buffett plans to delegate his wealth distribution to the Gates Foundation and his children to ensure long-term support for Abel.
It’s way better with Greg than with me because I didn’t want to work as hard as he works.— Warren Buffett discussing the transition of leadership to Greg Abel at Berkshire Hathaway.
Dick's Sporting Goods nears $2.3 billion deal to acquire Foot Locker: report: Dick's Sporting Goods is reportedly nearing a $2.3 billion deal with Foot Locker ...
foxbusiness.com/retail/dicks-sporting-goods-nears-deal-acquire-foot-locker
Photo: reuters.com · view article
Key FactsDick's Sporting to Acquire Foot Locker for $2.4 Billion
May 15 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Dick's Sporting Goods has announced its acquisition of Foot Locker for $2.4 billion, offering $24 per share, an 86% premium over the last closing price.
- This acquisition strengthens Dick's foothold in the international sneaker market and may enhance its negotiating power with key vendors like Nike and Adidas.
- Analysts have expressed concerns about the strategic wisdom of the deal, noting that Foot Locker has lost market share and foot traffic to its stores has declined.
- The acquisition is expected to close in the second half of 2025 and will be financed through a combination of cash on hand and new debt.
A big part of Foot Locker being under pressure was the relationship they had with Nike.— Ed Stack, Chairman of Dick's Sporting Goods, on a call with analysts.
Charter and Cox’s big cable-TV merger will ramp up the Spectrum brand in the cord-cutting era
fastcompany.com/91336035/charter-communications-cox-merger-spectrum-cable-tv-brand-cord-cutting
iPhone designer Jony Ive joining OpenAI as part of $6.5 billion deal: Jony Ive, the famed designer behind iconic Apple products, will join OpenAI to create ...
cbsnews.com/news/jony-ive-iphone-designer-apple-openai/
Photo: inc.com · view article
OpenAI Acquires Jony Ive’s Startup for AI HardwareThe $6.5B deal aims to build innovative AI devices, with OpenAI projecting $3.7B revenue by 2025 and $11.6B in 2026.
- OpenAI is purchasing IO, Jony Ive’s one-year-old startup, for $6.5 billion to create devices for artificial general intelligence.
- Ive’s team, known for iconic Apple designs, will develop new hardware likely unlike traditional smartphones.
- The design collective Love From will remain independent, while Ive oversees creative direction at OpenAI.
- OpenAI forecasts $3.7 billion in sales for 2025, highlighting a strategic focus on AI hardware’s future.
I have a growing sense that everything I have learned over the last 30 years has led me to this moment.— Jony Ive, in a statement regarding the acquisition of his company by OpenAI.
BusinessTech May 15
Major South African retailer saved from collapse: Popular South African retailer West Pack was plucked out of business rescue by a group of individual buyers ...
businesstech.co.za/news/business/824216/major-south-african-retailer-saved-from-collapse/
AT&T to Buy Lumen’s Consumer Fiber Business for $5.75 Billion: AT&T Inc. agreed to buy the consumer fiber operations of Lumen Technologies Inc. for $5 ...
bloomberg.com/news/articles/2025-05-21/at-t-to-buy-lumen-s-consumer-fiber-business-for-5-75-billion
Paid articlePaywall Thames Water and Anglian Water face 53 criminal investigations over sewage: Firms among England and Wales suppliers facing record 81 investigations as sources ...
theguardian.com/business/2025/may/20/water-companies-investigations-thames-anglian-sewage-dumping
Charter-Cox Merger: How the Takeover Deal Happened (CHTR): One of the biggest deals of the year so far started around Valentine’s Day, with a love letter.
bloomberg.com/news/articles/2025-05-21/love-letter-late-night-ice-cream-how-charter-finally-wooed-cox
Paid articlePaywall How Yahoo built AI-driven content discovery into its revamped news app: Yahoo CEO Jim Lanzone outlines how the company integrated acquired company Artifact into ...
fastcompany.com/91332003/yahoo-ceo-interview-artifact-news-ai
Paid articlePaywallRegeneron to buy 23andMe out of bankruptcy for $256 million: Regeneron, a biotech company, will acquire 23andMe for $256 million and vowed to comply with the ...
cbsnews.com/news/regeneron-23andme-bankruptcy-data/
Thames Water finances were ‘hair raising’, chair tells MPs: Adrian Montague also said some bosses in line for payouts of ‘50% of salary, very substantial ...
theguardian.com/business/2025/may/13/thames-water-chair-admits-to-mps-that-its-finances-were-hair-raising
Marriott Acquires citizenM Brand For $355M: Marriott acquires citizenM brand for $355M.
loyaltylobby.com/2025/04/28/marriott-acquires-citizenm-brand-for-355m/
Two of America’s largest cable companies are merging: Two of the biggest cable companies in the United States have agreed to merge, marking a major milestone in ...
edition.cnn.com/2025/05/16/business/cox-charter-cable-merger
Sundar Pichai said Google debated buying Netflix 'super intensely': When asked his biggest regret, Google CEO Sundar Pichai reflected on the company's decision ...
businessinsider.com/google-ceo-sundar-pichai-not-acquiring-netflix-asked-about-regret-2025-5
Japan's drugmaker Shionogi to acquire JT's pharma units in $1bn deal: OSAKA/TOKYO -- Japanese pharmaceutical manufacturer Shionogi is set to buy Japan ...
asia.nikkei.com/Business/Business-deals/Japan-s-drugmaker-Shionogi-to-acquire-JT-s-pharma-units-in-1bn-deal
BusinessTech Apr 29
The South African billionaire who became CEO at 73: Monster Beverage co-founder and billionaire Hilton Schlosberg will become the company’s new chief executive ...
businesstech.co.za/news/business/822439/the-south-african-billionaire-who-became-ceo-at-73/
Photo: businesstech.co.za · view article
Key FactsSchlosberg Takes Over as CEO of Monster Beverage at 73
Apr 29 · Reading time: ~30 sec.
Summary created with AI assistance · Source: businesstech.co.za
Summary created with AI assistance · Source: businesstech.co.za
- Hilton Schlosberg will become CEO of Monster Beverage Corporation on June 13, 2025.
- He and Rodney Sacks led the successful acquisition of Hansen Natural Corporation in 1990.
- Monster Beverage achieved the highest stock performance in the U.S. between April 1999 and April 2024, surpassing Apple, Microsoft, and Google.
- In Q4 2024, Monster Beverage reported a 4.7% increase in net sales to $1.81 billion, driven by strong demand for energy drinks.
Charter Communications and Cox to Merge in $21.9 Billion Deal: Merger will bring together two of the biggest broadband and cable operators in the U.S.
wsj.com/business/deals/charter-communications-to-merge-with-rival-cox-in-21-9-billion-deal-c70dcff9
Paid articlePaywall
US stocks open mostly up. S&P 500 aiming for fifth straight gain despite souring sentiment
usatoday.com/story/money/markets/2025/05/16/stocks-economic-data/83657777007/
Wall Street poised to close the week with gains, spurred by 90-day pause in US-China trade war
apnews.com/article/stocks-markets-japan-trump-powell-5bc90331c96a8c89bd26b3ce54a720aa
Travel Radar - Aviation News Apr 28
Airbus Nears Acquisition of Spirit Plant in Belfast: Airbus, one of the world's three biggest aircraft manufacturers, is set to acquire an operational plant in ...
travelradar.aero/airbus-nears-acquisition-of-spirit-plant-in-belfast/
OpenAI Is in Talks to Acquire Programming Tool Windsurf for $3 Billion: The deal could be a way for OpenAI to gain a foothold among programmers ...
nytimes.com/2025/05/13/technology/openai-windsurf-talks.html
Deliveroo deal shows UK still can't hang on to big firms: The takeover by a US firm shows the differing fortunes and attractions of US and UK stock markets.
bbc.com/news/articles/cvgp22d2kexo
Next