The New York Times – Film:
The deal to acquire the Hollywood behemoth’s television and film studios as well as HBO Max will bulk up the world’s biggest paid streaming service.
Category: Mergers, Acquisitions and Divestitures
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Versace Announces Dario Vitale’s Shocking Departure
The New York Times – Fashion & Style:
After one hit collection, the designer Dario Vitale will be leaving the brand. What’s going on?
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Frontier Airlines Offers to Buy Spirit Airlines, Again
The New York Times – Travel:
Spirit, which filed for bankruptcy protection in November after a federal court blocked its acquisition by JetBlue, says it has rejected the latest Frontier offer for being too low.
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Hipgnosis Agrees to $1.4 Billion Deal to Sell to Concord
The New York Times – Music:
Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its future has been in doubt.
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Sean Combs Sold Share of Tequila Brand for $200 Million
The New York Times – Music:
Mr. Combs, who was accused of sexual assault in several lawsuits, made the sale as he ended his long-term partnership with the liquor giant Diageo. He has denied wrongdoing.
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Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The New York Times – Travel:
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
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JetBlue and Spirit Call Off Their Merger
The New York Times – Travel:
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
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Boeing in Talks to Buy Spirit AeroSystems, a Struggling Supplier
The New York Times – Travel:
Under pressure to improve safety, Boeing may reassume ownership of Spirit, which makes the bodies of the troubled 737 Max planes.