Wonder, a food-delivery startup led by former Walmart executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The European company had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s largest food delivery company outside … Read more
A hedge fund boss who is being sued by his own mother over unpaid debts has been living it up in Miami and jetting off on pricey vacations — even as his employees flee and his clients demand their cash back, The Post has learned. Jason Ader — CEO of Spring Owl Asset Management, an … Read more
A group of unsecured creditors pushed to derail the sale of bankrupt gym chain Blink to a UK company after it won an auction over Planet Fitness, The Post has learned. Planet Fitness — the largest gym chain in the US with more than 2,000 locations — had made an 11th-hour bid to acquire Blink, … Read more
Qualcomm made a takeover approach to chipmaker Intel in recent days, the Wall Street Journal reported on Friday, citing people familiar with the matter. Intel’s shares reversed course to rise 8%, while Qualcomm fell 4% in afternoon trade. Qualcomm recently approached Intel about a takeover, according to a report. REUTERS Intel has been attempting to turn its business around by … Read more
Edgar Bronfman Jr. is open to having Shari Redstone remain involved with Paramount Global if its special committee accepts his consortium’s bid for National Amusements, the controlling shareholder, CNBC reported Friday. On Wednesday, the veteran media executive sweetened his bid to take over Paramount offering $6 billion for National Amusements and a minority stake in the media conglomerate. … Read more
Skydance Media is accusing Paramount Global’s special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday. This comes after veteran media executive Edgar Bronfman Jr. sweetened his bid to take over Paramount offering $6 billion for its controlling shareholder National Amusements … Read more
Veteran media executive Edgar Bronfman sweetened his offer to $6 billion for National Amusements and a minority stake in Paramount Global, according to a person familiar with the matter He had previously offered $4.3 billion, according to Reuters sources. Shares of Paramount rose more than 2.3% after the bell. The competing offer for the home of Paramount Pictures, the CBS broadcast network … Read more
Grocery giant Kroger pledged to slash prices at Albertsons stores by $1 billion following its proposed acquisition of the rival chain — but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to roil US politics. Kroger is raising the stakes of the $25 billion mega-deal since previously promising … Read more
Warner Bros. Discovery, the parent company of CNN and HBO, is reportedly weighing a plan to split its digital streaming and studio businesses from its legacy television networks in order to boost its sinking share price — just two years after the mega-merger. WBD boss David Zaslav — who announced another round of layoffs this … Read more
Billionaire investor Mario Gabelli’s investment firm is seeking more details about the valuation of National Amusements assets, the investor told Reuters on Friday, signaling the firm may challenge a landmark entertainment industry deal inked this week. Skydance Media and Paramount Global agreed on Sunday to merge, in a deal that would entail Skydance acquiring the Redstone … Read more
