Sundar Pichai, CEO of Alphabet Inc., during Stanford’s 2024 Business, Government, and Society forum in Stanford, California, April 3, 2024. Justin Sullivan | Getty Images Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest ever deal, telling employees it would pursue … Read more
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company’s share price, the Wall Street Journal reported Friday, citing people familiar with the matter. Representatives for Elliott declined to … Read more
Igor Golovniov | Getty Images Darden Restaurants will acquire Chuy’s Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday. Darden agreed to acquire all outstanding shares of Chuy’s at $37.50 per share, according to a press release. The Tex-Mex restaurant chain joins Darden’s portfolio that includes restaurants such as Olive Garden, … Read more
Jeff Smith, chief executive officer of Starboard Value LP, speaks during a Bloomberg Television interview in New York, U.S. Christopher Goodney | Bloomberg | Getty Images Starboard Value has amassed a roughly 6.5% stake in online dating company Match Group and is pushing the company to either make changes that would improve margins or go … Read more
Hyung-Tae Kim, chief executive officer of Shift Up Corp., strikes the drum during the company’s listing ceremony at the Korea Exchange (KRX) in Seoul, South Korea, on Thursday, July 11, 2024. Game developer Shift Up is known for its mobile and computer games that include Goddess of Victory: Nikke and console game Stellar Blade. Bloomberg … Read more
A general view of a dragon boundary mark and the City of London skyline, the capital’s financial district, as the Bank of England raises UK interest rates to 4%. Vuk Valcic Sopa Images | Lightrocket | Getty Images The U.K.’s Financial Conduct Authority announced Thursday new rules for the country’s stock market listings in a … Read more
NEW YORK — The entertainment giant Paramount will merge with Skydance, closing out a decades long run by the Redstone family in Hollywood and injecting desperately needed cash into a legacy studio that has struggled to adapt to a shifting entertainment landscape. It also signals rise of a new power player, David Ellison, the founder … Read more
Panoramic view of urban landscape in Bangkok Thailand Primeimages | E+ | Getty Images Southeast Asia’s IPO market declined significantly in the first six months of 2024, with market capitalization plunging 71% to $5.8 billion, a report from Deloitte showed. The region saw only 67 initial public offerings in the first half, with that number … Read more
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather than sparking typical cheer on … Read more
A Southwest Airlines jet is parked Ellison Onizuka Kona International Airport at Kehole awaiting passengers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Images Southwest Airlines said Wednesday that it has adopted a shareholder rights plan, more commonly known as a “poison pill,” in response to activist Elliott Management’s investment in the … Read more
