Mergers and Acquisitions

Twitter CEO Parag Agrawal responded to Elon Musk's surprise tweet, saying he expected Musk’s $44 billion acquisition of the social medial company to close in 2022.

Wedbush Securities analysts Dan Ives and John Katsingris say Elon Musk's "bizarre tweet" putting his $44 billion Twitter acquisition on hold has turned the entire deal into a "circus show".

The deal will be comprised of $50 million in Chicken Soup for the Soul Entertainment stock and the assumption of $325 million of Redbox's debt.

Pfizer Inc. agreed to buy the rest of Biohaven Pharmaceutical Holding Co. for about $11.6 billion, deploying its pile of cash earned from Covid-19 sales to acquire a new migraine drug.

A deal would be substantial, as Swedish Match is currently valued at about 117 billion Swedish krona, or almost $12 billion. With a typical premium, it could be valued at about $15 billion or more. Philip Morris has a market value of about $154 billion.

The anticipated sale of the Chelsea Football Club has been confirmed and would be the most ever paid for a professional sports team.

Elon Musk is reportedly expected to become Twitter's temporary chief executive officer upon closing of his $44 billion deal to acquire the social media giant.

As a result of the new commitments, Musk's margin loan financing for the Twitter deal has been reduced from $12.5 billion to $6.25 billion, while his equity financing has increased from $21 billion to $27.25 billion.

Musk told AP he is "honored and thank the Parliament for their invitation, but it would be premature at this time to accept, given that there has not yet been a shareholder vote" to approve the $44 billion deal.

Microsoft co-founder Bill Gates also said that the digital realm has "facilitated kind of interesting but wrong ideas spreading very quickly."

Ancora Holdings Inc. has a roughly 1% stake in Hasbro and wants it to explore a full or partial sale of Entertainment One, its unit focused on creating television shows and other content, according to a letter the activist sent to the company’s board that was viewed by The Wall Street Journal. It also wants the company to replace longstanding directors on its board.

Under JetBlue's proposal, Spirit shareholders would be offered $33 per share in cash per common share, a 47% premium to the value of Frontier's transaction as of April 29 and a 52% premium to Spirit's stock price as a Feb. 4.

Twitter Chief Executive Parag Agrawal sought to quell employee anger on Friday during a company-wide meeting where employees demanded answers to how managers planned to handle an anticipated mass exodus prompted by Elon Musk.

Bobby Kotick, the chief executive of Activision Blizzard Inc., could walk away with as much as $520 million after Microsoft Corp. completes its planned purchase of the videogame company.

The deal is expected to close in fiscal year 2023, subject to customary closing conditions and the completion of a regulatory review.

Congressional Democrats sounded the alarm this week after Tesla CEO Elon Musk struck a deal to buy Twitter for roughly $44 billion that will take the social media company private.

The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The New York Post has learned.

Elon Musk, the world's richest man, can add Twitter to his empire.

Elon Musk has registered three companies in Delaware under the name ‘X Holdings’ to support his bid to buy Twitter and take the social media giant private.

Elon Musk is exploring whether to commence a tender offer to acquire all outstanding shares of Twitter's common stock, citing the board's lack of response to his $54.20 per share offer to take the social media giant private.