Axios

Paramount is pushing back the deadline for rival bidders to beat out Skydance's deal for the company following a $6 billion offer from Edgar Bronfman Jr. Why it matters: Bronfman is now a real threat to scuttle the $8 billion agreement and prolong an already lengthy negotiation. National Amusements Inc....

Paramount extends deal talks with Bronfman after new $6B bid

TheWrap

The $4.3 billion bid calls for a structure where the board would have more independent control over Paramount than under Skydance, according to Bronfman’s offer letter
The post Inside the Bronfman Bid for Paramount:  No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive appeared first on TheWrap.

Inside the Bronfman Bid for Paramount:  No ‘Operational Distractions’ of Skydance Merger, Better for ‘B’ Shareholders | Exclusive

Reuters

(Reuters) -Skydance Media is accusing Paramount Global's special committee of directors of breaching the terms of its deal by extending the period of time when it can engage with other bidders, the Wall Street Journal reported on Thursday.

Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports

Liquor heir Edgar Bronfman Jr. has increased his bid for Paramount Global (PARA) to $6 billion, forcing the company’s board to extend the negotiation period for their merger with Skydance Media for 15 days. Suggested Reading. Laid-off GM workers say they were 'thrown onto the curb like useless trash'

Edgar Bronfman Jr. upped his Paramount bid to $6 billion, extending negotiations

Fortune

After winning a legal battle against the SEC for Bitcoin ETFs, the asset manager Grayscale is facing an exodus of investor capital.

A Goldman Sachs and BlackRock vet is now CEO of crypto giant Grayscale. Is he up to the job?

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

New York Post

Artificial intelligence could render many jobs such as cashiers and drivers obsolete — leading to widespread social unrest, according to a senior Wall Street finance executive.

Armen Panossian, a co-CEO of the Los Angeles-based investment firm Oaktree Capital Management, told Bloomberg News that AI poses “the biggest risk” because while it “clearly has the potential for very large economic gains,” it will also have “societal impacts.”

“Millions of people could be out of jobs. So who’s going to retrain those people?” Panossian told Bloomberg News.

“If we don’t figure that out, there could be social unrest.”



I asked AI to help with dinner and...

Top Wall Street exec predicts ‘social unrest’ due to AI: ‘Millions of people could be out of jobs’

ZURICH (Reuters) -Nestle shares tumbled early on Friday following the abrupt departure of CEO Mark Schneider from the world's biggest foodmaker and his replacement by company veteran Laurent Freixe.

Nestle shares tumble following abrupt departure of CEO

DWS is expanding its global private credit operations with the addition of four executives within its real estate credit business announced this week. Jay DeWaltoff has joined as head of U.S. Real Estate Debt in the firm’s New York offices reporting directly to Todd Henderson, co-global head of Real Estate and head of Real Estate […]

DWS hires from J.P. Morgan for RE debt

Bill Ackman failed to launch a publicly-traded investment fund earlier this month. He typically keeps a highly concentrated portfolio of a few high-conviction stocks. These three companies all have strong competitive advantages, but not every one looks like a buy right now. You can still follow Bill Ackman's trades. Here...

Billionaire Bill Ackman Has 60% of His Hedge Fund's $10 Billion Portfolio in Just 3 Stocks

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Stock Region

Warren Buffett's Berkshire Hathaway Increases Stakes in Ulta Beauty, Chubb, and Occidental Petroleum: Implications and Insights. Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. The views expressed are those of the author and do not necessarily reflect the views of Warren Buffett or Berkshire Hathaway. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

Warren Buffett's Berkshire Hathaway Increases Stake In Ulta Beauty

NEW YORK (Reuters) - A handful of institutional investors bought large positions in former President Donald Trump’s media company in the second quarter ahead of the company's inclusion in two Russell indexes, regulatory filings released on Wednesday showed.

BlackRock, Vanguard big purchasers of Trump Media shares in Q2, filings show

Warren Buffett has led the Berkshire Hathaway investment company to market-crushing returns since 1965. Berkshire owns a number of private companies, but it also acquired stakes in several public companies, including Apple. Berkshire is currently valued at $922 billion, and it could become the first American non-technology company to reach...

1 Unstoppable Stock Set to Join Nvidia, Apple, Microsoft, Amazon, Alphabet, and Meta in the $1 Trillion Club

Shares of Occidental Petroleum have dropped below $56, raising questions about whether Warren Buffett's Berkshire Hathaway will step in as it has in the past. Berkshire Hathaway, Occidental's largest shareholder with nearly a 30% stake, has previously purchased millions of shares whenever Occidental's price dipped below $60, a pattern that analysts have dubbed "the Berkshire put." But this time, the absence of such purchases is raising eyebrows.

Will Buffett Step in to Keep Occidental Afloat?

With a growing number of consumers adopting digital wallets, payment preferences have shifted. Debit cards are now the preferred method underpinning digital wallet payments. Meanwhile, digital wallets have seen more significant adoption in the retail and grocery sectors. Apple Pay, in particular, has deepened its niche in travel-related transactions, possibly foretelling a broader acceptance of mobile-first, touchless payments. This report explores these trends, how different sectors are adapting to digital wallets and what this all means for businesses.

Debit Cards In Digital Wallets Gaining Ground Across Sectors

Neil Rozenbaum has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Massive News for Palantir Stock Investors

The U.S. Securities and Exchange Commission announced charges against billionaire Carl C. Icahn and his publicly traded company, Icahn Enterprises LP (Nasdaq: IEP), for failing to disclose personal loans worth billions of dollars that were secured using securities of IEP as collateral. IEP and Icahn agreed to pay $1.5 million and $500,000 in civil penalties, respectively, to settle the SEC’s charges.

Billionaire Carl Icahn Pays $2 Million to Settle SEC Investigation

Entrepreneur

The 88-year-old investor is worth over $6 billion.

Famed Investor Carl Icahn Charged, Fined for Pledging Company Stock as Collateral on Personal Loans Worth Billions

Business Insider

Gautam Adani plans to retire at 70, in a transition that a family business professor said avoids "King Charles Syndrome."

Asia's second-richest man finally has a plan to hand over his company — but it's going to take a while

The Associated Press

NEW YORK (AP) — U.S. stocks weakened Thursday in the run-up to Wall Street’s main event for the week, a speech by Federal Reserve Chair Jerome Powell coming on Friday. The S&P 500 fell 0.9% for its worst day following a two-week rally. The Dow Jones Industrial Average dropped 177 points, or 0.4%, and the Nasdaq composite sank 1.7%.

Stock market today: Wall Street weakens ahead of a highly anticipated speech

NewsBreak

Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk

In a dramatic turn in the battle for control of Paramount Global, veteran media executive Edgar Bronfman has increased his offer to $6 billion to acquire...

Bronfman Ups Ante to $6 Billion in Paramount Battle, Skydance Deal at Risk

Comments / 0