Paramount is making waves in the streaming world. The company's CEO, David Ellison, recently shared their plans at a press conference. He made it clear that Paramount is all in on streaming. They are looking at different options, like teaming up with other companies or even merging their services, Paramount+ and Pluto TV. Ellison pointed out that streaming is super ...
In China, state-owned enterprises (SOEs) have been actively engaging in mergers and acquisitions (M&As) to drive technological innovation. Between 2007 and 2019, data from Chinese A-share listed SOEs revealed some interesting trends. M&As, in general, have led to an increase in patent applications, a key indicator of innovation. However, the type of M&A matters a lot...
On Wall Street, the market is showing a mixed picture. Some stocks are up, while others are down. This is due to a variety of factors, including big deals and unexpected news. The sportswear giant Nike is expected to benefit from a major acquisition. Dick's Sporting Goods is buying Foot Locker for around $2. 4 billion. Analysts believe this deal will strengt...
The women's health tech scene has seen a lot of action lately. Two big names, Willow and Elvie, are joining forces. Willow, known for its wearable breast pumps, is taking over Elvie, which started with smart Kegel trainers and expanded to other mom-focused products. This move comes as Elvie faces financial troubles, entering administration. Over the past 12 years, E...
Ever wondered who's calling the shots in the U. S. health insurance market? It's not a secret that a few big players have been gobbling up smaller companies. Take CVS Health, for instance. In 2018, they scooped up Aetna. That same year, Cigna bought Express Scripts. Fast forward to 2023, Kaiser Permanente joined forces with Geisinger. The result? Four massive insurer...
President Joe Biden has recently blocked a big deal where Nippon Steel, a Japanese company, was planning to buy U. S. Steel. This deal was worth nearly $15 billion. The decision caused a stir in the political scene, especially in America's industrial heartland. Both Nippon Steel and U. S. Steel were disappointed and said that Biden's move was unfair and against the l...
In October, a major shift in the satellite industry took place with Intelsat's $3. 1 billion sale to its competitor, SES. This powerful pairing, involving the world's two largest geostationary satellite operators, is causing significant ripple effects. Armand Musey, an industry expert from Summit Ridge Group, noted that these giants drive a large portion of satellite...
You might think that big companies like Sony Pictures Entertainment always stay on top, but things can change quickly. For a long time, SPE was struggling with losses every year. Then, Tony Vinciquerra came along and decided to do something different. He didn't try to compete with the biggest players in the industry. Instead, he focused on something unique: anime. A...
The news sent shockwaves through the entertainment industry: Tony Vinciquerra, CEO of Sony Pictures Entertainment, is stepping down from his role, effective January 2, 2025. Taking his place is Ravi Ahuja, who will become the new President and CEO of SPE. Ahuja, who has been serving as Chairman of Global Television Studios and President and COO of SPE, will report to...
The accounting industry is undergoing a significant transformation. Gone are the days when small and medium-sized accounting firms could thrive solely on the basis of their traditional services. Today, the industry is under pressure to adapt to changing times, and private equity firms are at the forefront of this revolution. In recent years, several major accounting ...