Dick Clark Productions and Eldridge said Monday morning that they have acquired all the Golden Globes’ assets, rights and properties from the Hollywood Foreign Press Association, turning the Hollywood awards show into a commercial enterprise. As a result, the HFPA…
Microsoft blocked in bid to buy video game maker Activision Blizzard – but vows to respond
The British competition watchdog has blocked Microsoft’s bid to buy video game maker Activision Blizzard. The Competition and Markets Authority (CMA) stopped the $68.7bn (£55bn) deal due to concerns that it would stifle competition in the cloud gaming market. It…
Japan’s Sega to buy Finnish Angry Birds maker Rovio
Japanese video games group Sega has offered to buy Angry Birds maker Rovio, valuing the Finnish company at over $770 million, the companies said Monday. “Combining the strengths of Rovio and Sega presents an incredibly exciting future,” Alexandre Pelletier-Normand, CEO…
Silicon Valley Bank: Collapsed US lender bought by rival
The assets and loans of collapsed US lender Silicon Valley Bank (SVB) are being bought by rival First Citizens BancShares. The failure of SVB earlier this month triggered fears about the stability of other lenders, sparking sharp falls in bank…
Tom Brady buys partial stake in WNBA’s Las Vegas Aces
Seven-time Super Bowl champion Tom Brady has acquired an ownership stake in the WNBA’s Las Vegas Aces, team owner Mark Davis announced Thursday. “I am very excited to be part of the Las Vegas Aces organization,” said Brady in a…
Vivendi’s Canal Plus to buy French Telecom giant Orange’s Film and TV unit
French media and entertainment conglomerate Vivendi’s Canal Plus Group has agreed to acquire production arm Orange Studio and full ownership of TV channels unit OCS from French telecom company Orange. Financial terms weren’t disclosed. The content division Orange Studio co-produces…
Jack Dorsey takes responsibility for Elon Musk’s mass layoffs at Twitter
Jack Dorsey, Twitter’s co-founder and former CEO, responded to the mass layoffs under Elon Musk’s ownership by saying he owns “the responsibility for why everyone is in this situation” and that he grew the company “too quickly.” On Friday, Musk…
Elon Musk: Twitter to form content moderation council to determine account reinstatements
Elon Musk has countered speculation that he would immediately reinstate all permanently banned accounts — such as former President Donald Trump’s — and make sweeping content policy changes now that Twitter is firmly under his control. In a tweet shared…
Elon Musk makes splashy visit to Twitter headquarters carrying sink
Elon Musk paid a visit to Twitter’s headquarters ahead of an end-of-week deadline to close his deal to buy the company, posting a video of himself in the company’s San Francisco lobby carrying a sink. “Entering Twitter HQ – let…
Disney is not looking to acquire any content companies, CEO Bob Chapek says
Disney is not currently in the market to buy another studio or network, chief executive officer Bob Chapek said. “We have the best creative teams, the best brands and franchises in the world,” said Chapek, speaking at the WSJ Tech…