Paramount soars as Skydance reaches new deal to buy controlling stake from Redstone
Paramount Global shares rose 6.5% on Wednesday after reports that Shari Redstone’s National Amusements had reached a tentative agreement to sell a controlling stake in the storied media company to David Ellison’s Skydance Media. Under the tentative agreement, Skydance will buy National Amusements, which owns 77 percent of Paramount’s voting stock, for $1.75 billion, three […]
Shari Redstone reaches preliminary deal to sell controlling stake in Paramount to Skydance Media for $1.75B
Shari Redstone has changed her mind again! Multiple reports on Tuesday said the media heiress had reached a tentative agreement to sell a controlling stake in Paramount Global to Skydance Media, just weeks after walking away from the deal between the two companies. Redstone, who controls the entertainment giant through his family-owned 77 percent stake […]
America’s Elections Are at Stake. Texas Shows They Can Be Fixed.
Estimated Reading Time: < 1 minute As we approach the next election cycle, many Americans wonder whether or not their votes will count. But given the incredibly high stakes in any election, how can Americans know that their votes actually matter and that their elections are free and fair? Chad Ennis, director of the Forensic […]
Chewy stock briefly soars after ‘Roaring Kitty’ discloses 6.6% stake
Shares of online pet food retailer Chewy jumped more than 10% in premarket trading Monday after the company revealed that internet meme stock star “Roaring Kitty” owns a sizable stake in the company, but then began to fall after the opening bell. Keith Gill, a popular social media influencer with more than 1.6 million online […]
LVMH’s Bernard Arnault buys stake in Cartier owner Richemont: report
LVMH Chairman Bernard Arnault has reportedly bought a stake in a luxury goods rival that owns Cartier, sparking rumors of a possible takeover battle. The mercurial French billionaire, currently the world’s third-richest person with a net worth of $197 billion, according to Forbes magazine, has acquired a stake in Swiss-based Richemont, but the amount is […]
Steve Cohen picks up stake in James Dolan’s Las Vegas Sphere
Steve Cohen has acquired a small stake in another sports mogul’s New York real estate, according to a new report. The Mets’ owners acquired a 5.5% stake in Sphere Entertainment, which includes the Las Vegas Sphere. Sportico reported. The state-of-the-art entertainment venue is the brainchild of James Dolan, owner of the Knicks, Rangers and Madison […]
Anti-abortion activists wrestle with GOP wavering on Dobbs: ‘A lot at stake’
She was not supposed to come out of her mother’s womb alive. In the late 1970s, nearly four years after Roe v. Wade, Melissa Oden was a 31-week fetus in her 19-year-old mother’s womb when she was immersed in toxic saltwater for several days as part of a saline injection abortion procedure. After being expelled […]
Koch family’s 15% stake in Nets values struggling NBA team at $3.8B: source
The Koch family’s acquisition of a 15% stake in Brooklyn Nets parent company BSE Global values the struggling NBA franchise at $3.8 billion and the parent company at $5.8 billion, The Washington Post has learned. Julia Koch – widow of David Koch, she is one of the richest women in the world with an estimated […]
Chinese Regime-Linked Joe Tsai Sells Stake in Brooklyn Nets to Koch Family
Taiwan-born billionaire and China backer Joe Tsai is selling a minority stake in the New York Nets to David Koch’s widow Julia after the sports enterprise was valued at a massive $6 billion. BSE Global owns the Nets, the Barclays Center and the WNBA’s New York Liberty — and Joe Tsai controls it all — […]
Joe Tsai sells Nets minority stake to Koch family after $6 billion valuation
Joe Tsai sells a minority stake in the Nets to the Koch family, setting a staggering valuation for the team in the process. BSE Global, the parent company of the Nets, Barclays Center and New York Liberty, was estimated to be valued at roughly $6 billion in the upcoming stock sale, according to an email […]