After a rough start to the year, PayPal Holdings Inc. reportedly has caught the attention of activists in a development that’s offering some welcome relief for its beleaguered stock. The Read more
Tag: Corporate Actions
Paramount stock drops after bearish call by Goldman Sachs
Goldman Sachs weighed in with a skeptical view of Paramount Global Inc. Tuesday, writing that the current economic backdrop could complicate the media company’s streaming objectives. “We have not changed Read more
Celsius customers write pleas to bankruptcy court to get crypto back: ‘This is an emergency situation, simply to keep a roof over my family and food on their table.’
Some customers of crypto lender Celsius Network, which filed for bankruptcy earlier this month, have written to the Bankruptcy Court for the Southern District of New York, with a hope Read more
WWE finds $14.6 million in ‘unrecorded expenses’ made by Vince McMahon
World Wrestling Entertainment Inc. disclosed Monday that it will restate financial statements back to 2019 after uncovering $14.6 million in “unrecorded expenses” paid out by former long-time Chief Executive Vince Read more
Voyager Digital calls FTX, Alameda proposal a ‘low-ball bid dressed up as a white knight rescue’
Bankrupt crypto broker Voyager Digital has turned down a proposal, made by Sam Bankman-Fried’s crypto exchange FTX and Alameda Ventures, saying it is a “low-ball bid dressed up as a Read more
Redbox stock shoots toward best day on record
Shares of Redbox Entertainment Inc. were surging toward their best day on record Monday, though it wasn’t immediately clear what was driving the stock move. The shares were soaring 104% Read more
Activison stock upgraded on ‘increasingly compelling’ merger-arbitrage opportunity
Activision Blizzard Inc. shares trade about 17% below Microsoft Corp.’s agreed-upon takeover price for the company amid concerns that regulators could block the combination, but one analyst sees opportunity in Read more
Cannabis SPAC Choice Consolidation returns money to shareholders
The CEO of SPAC Choice Consolidation Corp. said a decision by the special purpose acquisition company to return money it raised in 2021 in its initial public offering represents the Read more
Elon Musk’s alleged affair with Sergey Brin’s wife led to falling out between billionaires
Elon Musk engaged in a brief affair last fall with the wife of Sergey Brin, prompting the Google GOOGL, -5.63% GOOG, -5.81% co-founder to file for divorce earlier this year and ending Read more
Amazon’s One Medical acquisition sparks data privacy backlash: ‘What could go wrong?’
Amazon.com Inc.’s $3.9 billion deal to acquire the direct primary-care company One Medical marks the tech giant’s biggest move into the healthcare space, but is sparking concerns about data privacy. Read more