Mergers and Acquisitions
Latest
In our subscription news round-up, Spotify misses out on an acquisition opportunity, Washington Post adds audio to articles & Pluto TV adds CBS content.
Hedge fund Chatham Asset Management wins the bid to buy the McClatchy Company in a deal estimated to be worth more than $300 million.
SiriusXM is expanding its podcast offerings by acquiring podcast platform Stitcher from Scripps. Terms of the deal were not disclosed.
Food delivery service DoorDash has raised $400 million in additional capital from new investors, bringing the company’s valuation to just under $16 billion.
In this week’s subscription news, The New York Times lays off 68 staff, Amazon acquires Zoox, and Mercedes may cancel its vehicle subscription service.
Lululemon Athletica Inc. announced it is buying MIRROR, a home fitness company, for $500 million. MIRROR uses a membership model for its fitness classes.
Le Tote, a subscription women’s clothing rental service, filed suit against Urban Outfitters for allegedly using proprietary information to start a competing service.
Google Chrome browser extensions are used in spyware attacks, WW shares jump 20% with subscriber growth, eMarketer shares COVID-19 consumer shopping trends
Gannett Media terminates its CEO position, leaving Paul Bascobert without a job, less than a year after joining the company.
Just Eat Takeaway.com announced it will acquire food delivery service U.S. based Grubhub for $7.3 billion in an all-stock deal.
