Former ESPN President John Skipper and ex-Turner President David Levy are spearheading Unrivaled, a new women’s basketball league launching in January 2025.
Deals
Robinhood Acquires Crypto Platform Bitstamp for $200 Million
It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.
Tech News Portal Gizmodo Acquired by Europe-Based Media Firm Keleops
Swiss and French online tech media company Keleops buys Gizmodo. The tech news site Gizmodo is sold to Keleops, a European online tech-media business with operations in Switzerland and France.
Amazon Workers' Union Affiliates with Teamsters in Strategic Partnership
The Amazon Labor Union has affiliated with the International Brotherhood of Teamsters, receiving support from one of the most powerful labor unions.
Intel Partners with Apollo Global, Selling Stake in Irish Plant for $11 Billion
Intel Corp. and Apollo Global Management announced a joint venture to invest $11 billion in a chip-manufacturing facility in Ireland, with Apollo acquiring a 49% stake from Intel, aiming to close the deal in the second quarter.
Latest News
Boeing has secured a $7.5 billion contract from the US government to convert unguided bombs into Joint Direct Attack Munitions (JDAMs).
Sony wants to purchase Queen's music catalog. The electronics giant is willing to pay $1 billion to acquire it.
Anglo American's rejection of BHP Group's bid to extend discussions on a proposed $49 billion takeover suggests a potential impasse as the deadline nears, impacting the mining industry and leaving the outcome uncertain.
WeWork founder Adam Neumann has withdrawn his multi-million dollar offer to buy back the bankrupt firm.
Royal Mail and Anglo American Prepare for Foreign Takeovers by Czech Billionaire and Australia's BHP
Shareholders of Royal Mail's IDS and mining company Anglo American are bracing for final takeover offers, which could lead to possible foreign ownership of these UK firms.
T-Mobile is acquiring US Cellular’s wireless operations and spectrum assets for $4.4 billion, enhancing its network coverage and capacity while consolidating the industry.
Elon Musk's AI startup xAI has successfully secured $6 billion in series B funding, propelling its post-money valuation to an impressive $24 billion.
Saudi Arabia might be selling Aramco shares for $10 billion as early as June. A picture taken on September 15, 2019 shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh.
China Evergrande New Energy Vehicle Group's stock price doubled when trading restarted on Monday, May 27.
