The New York Times – Music:
The acquisition is the famed music manager’s first major move at Hybe America — a division of the South Korean firm — since he became its sole chief executive last month.
Category: Mergers, Acquisitions and Divestitures
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Ticketmaster Cast as a Powerful ‘Monopoly’ at Senate Hearing
The New York Times – Music:
The Judiciary Committee, responding to the bungled sale of Taylor Swift concert tickets, heard the company apologize and its critics trace the problem to the industry’s lack of competition.
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Mat Ishbia to Acquire Phoenix Suns and Mercury For $4 Billion
The New York Times – Sports:
Ishbia, the chief executive of United Wholesale Mortgage, would replace Robert Sarver as the majority owner. Sarver was pushed to sell amid a misconduct scandal.
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Charles Koppelman, Force in the Music Industry and Beyond, Dies at 82
The New York Times – Music:
A dealmaker and superstar matchmaker, he worked with artists like Barbra Streisand, Dolly Parton and Tracy Chapman. Later he was chairman of Martha Stewart Living.
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Manchester United Owners Consider Sale of Storied Club
The New York Times – Sports:
The Glazer family has hired advisers to weigh its options for the multibillion-dollar soccer club, which it has owned since 2005.
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Estée Lauder Agrees to Buy Tom Ford Brand
The New York Times – Fashion & Style:
Tom Ford’s high-end fragrances routinely make best-seller lists, and the deal also brings apparel to Estée Lauder, which has been strictly focused on beauty.
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U.S. Suit Over Alliance of American Airlines and JetBlue Goes to Trial
The New York Times – Travel:
The Justice Department antitrust case contends that the carriers’ cooperation in Boston and New York reduces competition.