Senate Probes Netflix-Warner Bros Discovery Merger
The US Senate is investigating the proposed merger between Netflix and Warner Bros Discovery, raising concerns over market dominance and consumer choice in streaming.
Category : Acquisitions
Josh D'Amaro Named Disney CEO After 30-Year Rise
Disney names Josh D'Amaro as new CEO, succeeding Bob Iger. The 54-year-old veteran, previously Chairman of Disney Experiences, brings three decades of company experience and a lifelong passion for the brand.
SpaceX's $1.25tn xAI Merger: A Bailout for Minority Investors?
Elon Musk's merger of SpaceX with xAI at a $1.25tn valuation raises concerns among minority shareholders, who see it as a bailout for the loss-making AI firm.
£4.2m loan dispute over luxury spending in High Court
A corporate investor is suing a financier couple over an unpaid £4.2 million loan allegedly spent on Ferraris, Lamborghinis, jewellery and premium travel instead of business purposes.
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Disney Appoints Theme Parks Boss as New CEO
Josh D'Amaro will become Disney's chief executive from March 18, succeeding Bob Iger after a three-year search. The theme parks veteran brings 28 years of experience.
Disney Names Josh D'Amaro as New CEO
Disney has officially named Josh D'Amaro, its parks chief, as the new CEO to replace Bob Iger, following a period of leadership challenges and strategic shifts.
Disney Names Josh D'Amaro as Next Chief Executive
Disney has announced Josh D'Amaro as its next CEO, succeeding Bob Iger who returned in 2022 after Bob Chapek's departure. D'Amaro currently leads Disney's parks and cruises division.
Disney Names Theme Park Chief Josh D'Amaro as New CEO
Josh D'Amaro, the executive who led Disney's theme parks to record profits, has been appointed as the company's new chief executive, succeeding Bob Iger.
Disney Names Parks Chief Josh D'Amaro as New CEO
Disney has appointed Josh D'Amaro, its parks and experiences chairman, as the next chief executive officer, taking over from Bob Iger following a turbulent period under previous successor Bob Chapek.
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Disney CEO Josh D'Amaro Replaces Bob Iger
The Walt Disney Company has appointed Josh D'Amaro as its new Chief Executive Officer, succeeding Bob Iger in a strategic leadership change aimed at driving future growth.
AG Barr Buys Fentimans and Frobishers in £50m+ Deals
Scottish soft drinks giant AG Barr has acquired rivals Fentimans and Frobishers in deals exceeding £50 million, reporting strong annual results with double-digit profit growth expected.
Musk Merges SpaceX and xAI Before 2026 IPO
Elon Musk consolidates his space and AI ventures, including SpaceX, xAI, Starlink, and X, into one company ahead of a planned massive initial public offering later this year.
Fintech CEO Gokce Guven Charged with $7M Investor Fraud
Gokce Guven, founder of Klader Inc. and Forbes 30 Under 30 recipient, faces charges for allegedly defrauding investors of $7 million and obtaining a US visa through fraudulent means.
US Contractor's Gaza Plan: 300% Profit, 7-Year Monopoly
A US disaster response firm submitted a proposal to White House officials guaranteeing 300% profits and a seven-year monopoly over Gaza trucking and logistics, documents reveal.
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Disney Q1 Profits Beat Expectations on Film Hits
Disney's first-quarter adjusted earnings exceeded Wall Street forecasts, driven by strong box-office performances from Zootopia 2 and Avatar: Fire and Ash, with shares rising 2%.
Coppa Club Owner Eyes Acquisitions and New Venues
Restaurant group Various Eateries, which operates Coppa Club and Noci brands, is considering mergers and acquisitions to drive growth after reporting stronger profits and encouraging trading.
Nvidia-OpenAI $100bn AI Deal in Jeopardy
The landmark $100 billion partnership between Nvidia and OpenAI is reportedly faltering, with insiders revealing both sides are reconsidering the agreement amid private criticisms and competitive concerns.
Apple's $2bn AI Startup Buy for Silent Chatbot Tech
Apple has acquired Israeli AI startup Q.ai for $2 billion, its largest deal since Beats in 2014, to develop technology enabling non-verbal communication with chatbots via facial expressions.
BAT Lawsuit: North Korea Terror Funding Claims
British American Tobacco accused in lawsuit of funding North Korean weapons programs through cigarette venture, allegedly linked to attacks on US forces.
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Vietnam Auctions Tycoon's Birkin Bags for Fraud Recovery
Vietnamese authorities are preparing to sell luxury assets seized from convicted tycoon Truong My Lan, including crocodile-skin Hermès Birkin bags, to recoup billions lost in one of history's largest banking fraud cases.
SpaceX Considers Tesla Merger or xAI Tie-Up Before IPO
SpaceX is reportedly examining a potential merger with Tesla or a tie-up with AI firm xAI as Elon Musk explores consolidating his empire ahead of a massive stock market flotation.
Nine Sells Radio Stations to Arthur Laundy, Buys QMS
Nine Entertainment sells its talkback radio network including 2GB and 3AW to Sydney pub baron Arthur Laundy for $56m while acquiring outdoor advertising company QMS Media for $850m.
Pro Rodeo HQ Move to Wyoming Faces Conservative Opposition
The Professional Rodeo Cowboys Association plans to relocate from Colorado to Wyoming, but conservative lawmakers question $15 million in state incentives, highlighting tensions over public funding for private enterprise.
DS Smith Set for London Return in US Spin-Off Plan
Packaging giant DS Smith is set to return to the London Stock Exchange just a year after its £5.8 billion acquisition by US rival International Paper, which plans to spin off its European operations.
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Norfolk Southern Profit Slips 12% on Merger Costs
Norfolk Southern's quarterly profit fell 12% due to merger-related expenses and economic uncertainty, though adjusted earnings beat analyst forecasts.
Ocado Shares Slide After Sobeys Warehouse Closure
Ocado shares fell sharply after Canadian supermarket chain Sobeys announced the closure of a robotic warehouse in Calgary, marking another setback for the British tech firm's North American expansion.
Nine Sells Radio Stations to Arthur Laundy
Nine Entertainment has sold its radio stations, including 2GB and 3AW, to billionaire pub baron Arthur Laundy in a confidential deal confirmed by the company's newspapers.
Primrose Candy Files for Bankruptcy After 98 Years
Chicago's Primrose Candy Co., maker of nostalgic Coffee Nips, files for Chapter 11 bankruptcy with liabilities up to $50 million, citing foreign competition, lawsuits, and soaring sugar costs.
Tesla Profits Crash 46% as Musk Exits Trump Government
Tesla's net income plummeted 46% to $3.8bn in 2025, marking a second year of steep declines. Elon Musk's political involvement and brand damage contributed to the slump, though robotaxi hopes buoyed shares.
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Tesla Revenue Drops 11% Amid Musk's AI Pivot
Tesla reports its first-ever yearly revenue decline, with automotive revenues falling 11% in 2025. Elon Musk shifts focus to AI and robotics, including the Optimus robot, to drive future growth.
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