Mergers and Acquisitions
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Times Media Group acquired Acorn Newspapers, a five-brand newspaper group serving the western LA and eastern Ventura County area.
IBM sells The Weather Company, Meta gets heat for no-news policy in Canada during wildfires, Twitter’s rebrand leads to huge decrease in App Store downloads.
Microsoft has made an 11th hour deal to try to secure the UK’s CMA regulatory approval of the $69B Activision Blizzard deal.
Warner Bros. Discovery saw a 4% decrease in revenue and a loss of 1.8M subscribers in the second quarter 2022.
The Guardian updates its editorial code, Sen. Elizabeth Warren was a new agency to oversee Big Tech, and social media is out of fresh ideas.
FIS sells a majority stake of Worldpay to private equity firm GTCR for $18.5 billion, a loss from its 2019 valuation.
FTC Secretary Tabor signed an order last week withdrawing the agency’s case against Microsoft and Activision Blizzard.
Hedge fund Alden Global Capital has bought the San Diego Union-Tribune for an undisclosed sum.
A federal judge denied the FTC’s request for a preliminary injunction against Microsoft for the Activision Blizzard deal, dismissing the case.
Wellful announced their acquisition of Jenny Craig, which will relaunch this fall as a direct-to-consumer brand.
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