Jack Dorsey Halves Block's Workforce in 'Intelligence-First' Overhaul
Jack Dorsey’s Block slashes workforce by nearly half (4,000 jobs) to become AI-first. Strong 2025 growth + stock jumps 24% after bold restructure.
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Caesars Entertainment Eyes Buyout from Tilman Fertitta
Caesars Entertainment explores sale offers, including a bid from billionaire Tilman Fertitta. With $20B+ debt and iconic Las Vegas properties like Caesars Palace, a major casino takeover could be in play despite ongoing challenges.
SOC Shares Hit Hard by Santa Barbara Court Setback, But Analyst Stays Bullish on Federal Path Forward
Sable Offshore shares drop after a California judge's preliminary ruling keeps an injunction on pipeline restart in place.
PayPal Shuts Down Sale Rumors — No Talks with Stripe or Anyone Else
PayPal denies being in acquisition discussions with Stripe amid recent rumors. The company is preparing defenses against activists or takeovers after a stock drop, as new CEO Enrique Lores prepares to start.
Victory Capital Launches $57 Bid to Top Trian's Deal for Janus Henderson
Victory Capital launches a rival $57.04-per-share bid for asset manager Janus Henderson, topping Trian and General Catalyst's $7.4 billion deal and sparking a potential bidding war in the consolidating industry.
Activist Hedge Fund Irenic Launches $1.2B Takeover Bid for Reservoir Media
Activist hedge fund Irenic Capital has offered $10–$11 per share to buy Reservoir Media, owner of iconic songs by Joni Mitchell, John Denver, and Sheryl Crow. Shares jumped sharply on the news.