Ziff Davis Cashes In: Connectivity Division Sold to Accenture in $1.2B Deal
Ziff Davis agrees to sell its Connectivity division—including Ookla, Speedtest, and Downdetector—to Accenture for $1.2 billion cash.
/ 155 items
#Comm. Services↓
Elliott Invests $1B in Pinterest, Fuels $3.5B Share Buyback
Activist investor Elliott Management injects $1 billion into Pinterest via convertible notes at a 30% premium. Pinterest launches $3.5B buyback program, using proceeds for $1B accelerated share repurchase.
Trump Media Eyes Truth Social Spin-Off in Fusion Power Merger Shake-Up
Trump Media & Technology Group (TMTG) is considering spinning off Truth Social into a new entity (“SpinCo”) following a merger with TAE Technologies.
Netflix Says "No Thanks" to Warner Bros. – Paramount Wins the Big Fight!
Netflix walks away from buying Warner Bros. after refusing to match Paramount Skydance’s higher offer. Paramount now takes over the iconic studio in a huge Hollywood shake-up.
Warner Bros. board deems Paramount’s $31-per-share offer a superior deal, starting four-day countdown for Netflix response
Warner Bros. Discovery’s board just ruled Paramount Skydance’s $31-per-share bid is better than Netflix’s deal — giving Netflix only four business days to top it or step aside in this blockbuster Hollywood bidding war.
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.