Bidders present offers for Warner Bros. Discovery, with the leading bid anticipated to be under $30 per share
Bidding for Warner Bros. Discovery commenced around noon on Thursday. Participants in the negotiations, as reported by On the Money, seem to expect that offers will be significantly below the $30 per share target set by CEO David Zaslav. The contest for WBD, which includes major assets in the news and entertainment sectors, seems to […]
Mets owner Steve Cohen’s $8 billion proposal to establish a casino near Citi Field moves forward as competing bidders withdraw.
The state Senate’s leading Democrats are set to approve a law on Tuesday, allowing billionaire Mets owner Steve Cohen to pursue a bid for an $8 billion casino complex near Citifield. “I support that,” remarked Michael Janalis, the Senate Deputy Prime Minister representing Astoria and parts of West Queens in Long Island. This legislation, which […]
Kathy Hochul vetoes bill to force NYC casino bidders to move fast or lose their chance
Gov. Kathy Hochul on Monday vetoed a bill that would extend the deadline for bids to open casinos in and around New York City. “Changing the timeline… would likely have the effect of helping certain bidders and harming others,” Hochul said in his veto message. “I cannot support a bill that changes the rules midway […]
Sports Illustrated draws interest from 2 more bidders — including Jeff Zucker’s Front Office Sports: sources
The Post reports that Sports Illustrated’s publishing license has attracted interest from at least two new bidders, including the Jeff Zucker-backed news site Front Office Sports. . In addition to Front Office Sports, which is minority-owned by former CNN president’s media specialist acquisition firm Redbird IMI Management, Sports Illustrated publishing rights are owned by The […]