What to know about the landmark Warner Bros. Discovery sale
Learn more about Paramount’s planned acquisition of Warner Bros. Discovery — a historic Hollywood megadeal valued at $111 billion — as it continues to develop.
Mergers and Acquisitions
Netflix backs out of bid for Warner Bros. Discovery, giving studios, HBO, and CNN to Ellison-owned Paramount
In a one-two punch of centibillion-dollar offers, the bidding war for Warner Bros. Discovery is over. David Ellison-owned Paramount will acquire Warner Bros. Discovery. Netflix has lost.
Etsy sells secondhand clothing marketplace Depop to eBay for $1.2B
The deal comes nearly five years after Etsy purchased Depop for $1.62 billion, at a time when secondhand clothing apps were gaining traction during the pandemic.
Activist investor Ancora publicly opposes the WBD-Netflix deal
An investment group is trying to sway Netflix shareholders to reject the WBD deal in favor of Paramount.
What to know about Netflix’s landmark acquisition of Warner Bros.
Learn more about Netflix’s acquisition of Warner Bros., considered the most historic megadeal in Hollywood, as it continues to develop.
Lidar-maker Ouster buys vision company StereoLabs as sensor consolidation continues
Ouster is paying $35 million along with 1.8 million shares.
Uber to buy delivery arm of Turkey’s Getir
The deal will see Uber paying $335 million at the outset to purchase Getir’s food delivery business. Uber will also pay $100 million for a 15% stake in Getir’s grocery, retail and water delivery business.
Elon Musk’s SpaceX, Tesla, and xAI in talks to merge, according to reports
This merger would bring the Grok chatbot, Starlink satellites, and SpaceX rockets together under one corporation.
Apple buys Israeli startup Q.ai as the AI race heats up
Q.ai is an Israeli startup specializing in imaging and machine learning, particularly technologies that enable devices to interpret whispered speech and enhance audio in noisy environments.
What is Bending Spoons? The little-known firm behind Vimeo’s sweeping layoffs
Bending Spoons remains largely unknown, even as its portfolio of products has served more than a billion people.