Arm Holdings approached Intel Corp about potentially buying the ailing chip maker’s product division, only to be told that the business is not for sale, according to a person with direct knowledge of the matter. In the high-level inquiry, Arm did not express interest in Intel’s manufacturing operations, said the person, who asked not to … Read more
An announcement Friday that preliminary deals had been reached to hand over control of four Massachusetts hospitals run by Steward Health Care to new, largely local owners was met with relief from residents, unions, elected officials, and industry associations across the state. Gov. Maura Healey said tentative agreements were in place to transition Saint Anne’s … Read more
The fight against antisemitism may soon get a powerful and deep-pocketed ally: Blackstone chief Steve Schwarzman. The private equity titan, worth approximately $40 billion, has been discussing with various people his concern about the anti-Israeli protests at Yale, his alma mater, and the broader attacks against Jews around the country, people close to him tell … Read more
Paramount Global will likely not extend its 30-day exclusivity talks with Skydance Media to strike a deal as Sony Pictures Entertainment and private equity firm Apollo Global Management await a response to their $26 billion bid to buy the entertainment giant, according to a person familiar with the matter. A special committee of the Paramount board, created to … Read more
Sony Pictures and the private equity firm Apollo Global Management have expressed interest in buying Paramount Global for $26 billion, according to a person familiar with the details. Sony would be the majority shareholder and Apollo would have a minority stake, according to the person, who requested anonymity because details of the offer have not … Read more
Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an “Office of … Read more
