Sony and Apollo bid $26B in cash for Paramount Global amid potential Skydance merger. Competing with Skydance, the deal may reshape the entertainment industry landscape.
Deals
Rue21 Apparel Stores Set to Close in the Coming Weeks After Filing for Third Bankruptcy
Rue21 has announced that it will be shutting down all of its 540 locations in the coming weeks. Popular teens clothing retailer Rue21 is shutting all 540 of its locations in the the coming weeks as it declares bankruptcy after almost 50 years in operation.
UPDATE: Boeing Locks Out Firefighters Amid Labor Dispute, Negotiation with Machinists
Boeing locked out 125 unionized firefighters and emergency responders in Washington state this weekend in a dispute over a new four-year contract.
Paramount Reportedly Greenlights Buyout Discussions with Sony, Apollo As Skydance Deal Fades
Paramount's board committee on Saturday met and approved talks with Sony and Apollo, who submitted a nonbinding letter of interest.
Paramount-Skydance Merger Might Not Happen as Shari Redstone-Controlled Entertainment Firm Allegedly Backs Away
Paramount reportedly pulling out from the proposed merger with Skydance. Now, other entertainment companies are expected to take advantage if it doesn't push through.
Latest News
Three sources say Exxon Mobil will ban an oil executive involved in a price-fixing case from joining its board after buying Pioneer Resources.
The South Korea-AUKUS defense tech collaboration could soon happen. Here's what this means. The South Korea-AUKUS defense tech collaboration could soon happen.
Microsoft's decision to invest in OpenAI stemmed from concerns about lagging behind Google in AI capabilities
IBM's Acquisition of HashiCorp for $6.4 Billion Confirmed, Aimed at Strengthening Cloud Capabilities
This acquisition is intended to enhance IBM's expertise in cloud-based solutions, especially as the demand for AI-driven technologies continues to grow rapidly.
Nvidia is acquiring Run:ai. Here's what the giant GPU manufacturer plans to do with this acquisition.
Kroger and Albertsons to Sell off 166 Stores in Effort to Gain Approval for Their $25 Billion Merger
Kroger and Albertsons announced a divestment deal to sell more shops to C&S Wholesale Grocers to get government permission for a merger.
The Federal Trade Commission (FTC) has taken legal action to block Tapestry's $8.5 billion acquisition of Capri Holdings Limited, the parent company of Michael Kors.
JD Sports, the UK's largest sportswear retailer, plans to buy Hibbett shares at $87.50 each in cash.
FTC Sues to Block Tapestry's $8.5 Billion Takeover of Capri Holdings in Massive Luxury Fashion Merge
The Federal Trade Commission filed a lawsuit on Monday to halt Tapestry Inc.'s $8.5 billion acquisition of Capri Holdings, which would unite the Coach, Kate Spade, and Michael Kors brands.
