Vice Media Approaches Sale to Lenders at a Steep Discount from $5.7B Peak Valuation: WSJ

finance

Vice Media, a once-thriving New York-based media outlet, is reportedly near an acquisition deal worth $400 million with Soros Fund Management, Fortress Investment Group, and other lenders. Following financial struggles and rumors of bankruptcy, Vice’s valuation has plummeted from $5.7 billion in 2017 to its current valuation in this deal. The acquisition would result in […]

Breaking: Dan Snyder to Sell Washington Commanders for Whopping $6 Billion, Sources Say

trading

Dan Snyder, the long-time owner of the National Football League’s (NFL) Washington Commanders, has reportedly agreed to sell the team, marking the end of his 24-year ownership. According to media reports on Wednesday, a group consisting of Philadelphia 76ers co-owner Josh Harris, NBA legend Magic Johnson, and billionaire Mitchell Rales has reached a $6 billion […]

IBM Mulls Over Lucrative Sale of Weather Division, Reports WSJ

trading

International Business Machines Corp. (IBM) is considering selling its weather operations arm, including weather forecasting services Weather.com and The Weather Co.’s business and cloud-focused operations, according to the Wall Street Journal. This comes as IBM is shifting its focus to becoming a leaner company that is more centered on AI and cloud infrastructure. IBM acquired […]

IBM considers selling weather empire, capturing widespread attention!

trading

International Business Machines Corp. (IBM) is considering a sale of its weather operation in a broader effort to become a leaner company focussed on AI and cloud infrastructure, according to the Wall Street Journal. An auction for the segment, comprising Weather.com and The Weather Co.’s business and cloud-focused operations, is said to be in an […]