Paul_HThis would be huge if it goes ahead!
#Mergers_and_acquisitions
https://www.thejournal.ie/stripe-paypal-takeover-bloomberg-6966926-Feb2026/
Hacker NewsFabric and craft retailer Joann to go out of business, close all of its stores
https://apnews.com/article/joann-closing-bankruptcy-crafts-retail-b83c68fb641fad18cd6c8be925c6d90b
#ycombinator #Mergers_and_acquisitions #Retail_and_wholesale #General_news #OH_State_Wire #Business #Joann_Stores_Closing #U_S_news #Bankruptcy #U_S_News
https://apnews.com/article/joann-closing-bankruptcy-crafts-retail-b83c68fb641fad18cd6c8be925c6d90b
#ycombinator #Mergers_and_acquisitions #Retail_and_wholesale #General_news #OH_State_Wire #Business #Joann_Stores_Closing #U_S_news #Bankruptcy #U_S_News
Fabric and craft retailer Joann to go out of business and close all stores
Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and other lovers of crafts for more than 80 years, is going out of business and shuttering all its stores. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January, the second time in a year. It then vowed it would keep all of its stores open. But earlier this month, Joann said it planned to close 500 stores _ or more than half of its nationwide footprint. The company said on Sunday that after a recent auction, financial services company GA Group, together with Joann’s term lenders, were selected as the winning bidder to “acquire substantially all of Joann’s assets.”
AlsoPaisleyCat 🇨🇦This CNBC report is more helpful in breaking things down.
And it provides some insights why Skydance/Redbird Capital/KKR has become the successful buyer, and as a corollary, some hope that the Star Trek franchise will stay intact.
“In early May, Apollo and Sony formally expressed interest in acquiring Paramount for about $26 billion, CNBC previously reported. However, Redstone has favored a deal that would keep Paramount together, and Apollo and Sony planned to break up the company, CNBC previously reported.”
https://www.cnbc.com/2024/06/03/paramount-skydance-merger-deal-update.html
#StarTrek @zora @StarTrekChat #ParamountGlobal #mergers_and_acquisitions
The Guardian’s take on the Sony-Apollo $ 26 billion offer for Paramount Global flags the likelihood of federal antitrust concerns with such a merger.
The bid does seem to have prompted a slightly better offer for non-voting class B shareholders from Redbird/Skydance.
RedPacket SecurityCybersecurity Deals Boom as Investment Dips, Pinpoint Reports - https://www.redpacketsecurity.com/cybersecurity-deals-boom-as-investment-dips-pinpoint-reports/
#threatintel #Cybersecurity_Funding #Mergers_and_Acquisitions #Early-stage_Initiatives
