Entertainment giant Universal Music Group (UMG) on Friday rejected an investment and restructuring proposal from US hedge fund Pershing Square put forward in early April. The bid by activist investor Bill Ackman would have increased Pershing Square’s stake in the music label, home to Taylor Swift, Bad Bunny, The Weeknd and Sting, to just under […]

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The men's big and tall retailer is in the midst of merging with FullBeauty Brands, another extended sizes retailer.

Zodiac Partners II is seeking to buy the men's big and tall retailer that is currently finalizing a merger with FullBeauty Brands.

Bari Weiss might soon be forced to hand over the reins to CBS News.

As Paramount closes in on its potential deal with Warner Bros. Discovery, executives at the networks are considering avenues to remove Weiss from her position overseeing CBS News.

The top brass is reportedly having informal discussions about changing Weiss’s mandate, particularly as the groups look ahead to a potential merger…

French luxury giant LVMH will sell its Marc Jacobs brand to US brand firm WHP Global, the two companies said Thursday. Marc Jacobs, acquired by LVMH in 1997, will keep the namesake American designer as creative director once the transaction is finalized — expected by the end of the year once necessary regulatory approvals have […]

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German arms maker Rheinmetall said Thursday it had made an offer for a further shipyard as the influential defence giant deepens its push into naval systems. Rheinmetall had made a non-binding offer to acquire German Naval Yards in the first quarter of the year, it said in a presentation without disclosing the price. German Naval […]

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The streaming wars have descended into a real battle. It all started with the sale of WBD, which has shifted into Paramount Skydance and Warner Bros. Discovery (WBD), eyeing a massive $110 billion merger.

This would combine two of the Big Five legacy studios into one gargantuan entity.

The possibility of a few buyers and competition in an already shrinking landscape has Hollywood shaken.…

President Donald Trump claimed that former President Barack Obama blocked a merger with a defunct airline that hasn’t existed since the 1980s.

Speaking to reporters from the Oval Office Thursday, Trump appeared confused when he was asked whether the government planned to buy a stake in Spirit Airlines, the struggling discount carrier that has twice filed for bankruptcy.

“So, Spirit is, uh, an…

There have been protests, and there will still be governmental review, but the verdict is in, and Warner Bros. Discovery (WBD) shareholders officially approved the $111 billion merger with Paramount-Skydance.

The deal passed with an overwhelming majority, with stock prices set at $31.

But the one wrinkle in all this? Well, it turns out the shareholders were not as happy with the job David…

SpaceX on Tuesday announced a partnership with AI coding company Cursor, saying the alliance comes with an option to buy the startup for $60 billion later this year. The move by Elon Musk’s rocket and satellite company comes as it prepares to become publicly traded, and shortly after it took over the billionaire’s artificial intelligence […]

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Italian bank UniCredit wooed shareholders in Germany’s Commerzbank with promises of higher returns on Monday as it hopes to win a 35-billion-euro ($41 billion) takeover battle fiercely opposed by many Germans. UniCredit’s chief Andrea Orcel said his “Unlocked” strategy for Commerzbank would refocus its operations on its core German market to spur faster growth. “Commerzbank […]

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American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday a transaction valuing Universal Music Group at up to 55 billion euros, saying it believed the music giant was undervalued by stock markets. Under the proposal, Pershing would merge UMG with Pershing Square SPARC Holding, an acquisition company that would be […]

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Paramount CEO David Ellison told California lawmakers his commitment to keep Par and Warner Bros. separate and to produce a combined 30 films a year if they merge will help support sustained job creation across the film and creative industries. In a letter to Sen. Adam Schiff and Rep. Laura Friedman obtained by Deadline, he […]

Assuming you've been paying attention to the news, Paramount was able to muster enough support at home and abroad to win the battle over Warner Bros.

We spent a lot of time speculating about what they planned to do with the property, but we don't have to speculate anymore. Variety reported all the plans David Ellison has for the future giant studio that he's made public.

The deal seeks to…

Warner Bros. Discovery said Tuesday it will give Paramount Skydance a week to sweeten its buyout offer for the storied media giant, as the bidding war with Netflix turned into a bitter battle to win over Warner shareholders. The seven days of discussions, scheduled to end February 23, are designed to give Paramount Skydance a […]

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