Strategy and Metaplanet Acquired $870 Million in Bitcoin
Simply put Michael Saylor’s company acquired 7,390 Bitcoin for $764.9 million, increasing total holdings to 576,230 BTC, which is about 2.74% of the entire Bitcoin supply. Tokyo-based Metaplanet has bought 1,004 Bitcoin for $104.8 million, aiming to reach a total of 10,000 BTC by year-end. These large acquisitions could push Bitcoin above $106,000, nearing a […]
China Acquired More than $1 Billion of Sanctioned Venezuelan Oil Marked as ‘Brazilian’
Over the past year, traders have disguised more than $1 billion in Venezuelan oil shipments to China as Brazilian crude to circumvent U.S. sanctions, according to reports. Two tanker tracking companies, along with documents from traders, revealed that independent Chinese refiners are sourcing oil from sanctioned nations like Venezuela. In 2019, President Trump enacted sanctions […]
Tech investor Josh Kushner quietly acquired a share in the NBA’s Miami Heat last year.
Josh Kushner, the founder of Thrive Capital, quietly acquired a small stake in the NBA’s Miami Heat last year. The 39-year-old tech investor sold a small portion of his share in the Memphis Grizzlies, which he had purchased in 2019, to make room for this new investment. A spokesperson for Kushner chose not to comment, […]
Kilmar Abrego Garcia’s wife claims abuse in court recordings acquired by USA Today
Kilmar Abrego Garcia, an MS-13 member who was deported, is now facing fresh allegations of abuse following a voice recording from his wife, Jennifer Vasquez Sura, that reportedly sought a temporary protection order from a judge. In court documents reviewed from August 2020, Sura recounted the alleged abuse, detailing several instances where Abrego Garcia supposedly […]
Concert promoter Boiler Room bans Israel shows after being acquired by KKR-owned firm: ‘It’s insane’
The global concert promoter, acquired this year by a subsidiary of private equity giant KKR, quietly slapped the ban on all shows in Israel. This is a move that appears to be part of the boycott of the war in Gaza. Founded in 2010, Boilerroom, a UK-based online broadcasting station and club promoter, has carefully […]
Jersey Mike’s Subs acquired by Blackstone in $8B deal
Blackstone announced Tuesday that it has agreed to buy Jersey Mike's Subs, valuing the company at about $8 billion, including debt, one person said. Reuters reported on Monday, citing people familiar with the matter, that Blackstone was nearing a deal with Jersey Mike's. The deal, expected to close in early 2025, highlights private equity (PE) […]
Grubhub in talks to be acquired by Marc Lore’s Wonder: report
Wonder, a food delivery startup led by former Walmart executive Marc Lore, is in talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com. The Wall Street Journal reported This was disclosed on Tuesday, citing a person familiar with the matter. The European company acquired Grubhub in 2020 for $7.8 billion in an all-stock deal, creating […]
Alamo Drafthouse Cinema, Fantastic Fest acquired by Sony Pictures
Sony Pictures Entertainment is entering the movie theater business. The studio behind recent films like “Bad Boys 2” and “Garfield the Movie” has acquired the distinctive movie theater chain Alamo Drafthouse Cinemas, the companies announced Wednesday. The deal also includes genre film festival Fantastic Fest. Sony Pictures Entertainment has acquired the Alamo Drafthouse movie theater […]
Microsoft Lays Off 1,900 from Xbox and Recently Acquired Gaming Giant Activision Blizzard
Microsoft acquired gaming giant Activision Blizzard in October for about $69 billion, and it's wasting no time finding ways to cut costs. The company announced it would lay off 1,900 employees at Activision Blizzard and its Xbox division. This means that 8% of employees are in the gaming department. Microsoft has laid off 1,900 employees […]