Mergers and Acquisitions

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In its latest acquisition, Amazon is buying ART19, a podcast hosting and monetization platform.
BuzzFeed will acquire Complex Networks for $300 million and the company announced its plans to go public.
Hedge fund Alden Global Capital has completed its $633 million deal with Tribune Publishing, but a lot of questions remain about the integrity of interested
Gray TV upped its bid to buy Meredith’s broadcast TV business from $2.7 billion to $2.825 billion when a competitor offered an unsolicited bid.
Beachbody reports revenue gain ahead of merger, Apple delays launch of Podcasts Subscription, and Headspace to launch podcast channel and sleep subscription.
Verizon offers free Apple Arcade and Google Play Pass to unlimited subscribers, The New York Times is in talks to buy The Athletic, Amazon confirms
In the first week of June, HBO Max will launch its ad-supported tier at $9.99 a month, a 33% savings over the ad-free tier.
In a deal worth $633M, Tribune Publishing shareholders approved the sale of the media organization to hedge fund Alden Global Capital at a special shareholders’
In a $43 billion dollar deal, AT&T will spin off WarnerMedia and merge with Discovery to create a standalone global entertainment company.

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