All posts tagged: Takeover

Barry Diller Drops Billion MGM Resorts Takeover Plan

Barry Diller Drops $18 Billion MGM Resorts Takeover Plan

Published by Daniella Wilson

It wasn’t in the cards for Barry Diller to become a Las Vegas kingpin. The mogul’s People Inc (formerly known as IAC) dropped its $18 billion plan to take over MGM Resorts International, the owner of the MGM Grand, Bellagio, Cosmopolitan, Mandalay Bay, New York New York, Luxor and other staples of the Las Vegas strip. Diller said on Wednesday of the deal, “There are lots of ingredients that go into a proposal of this kind on its way to completion. We didn’t feel the mix was coming together in the way we had hoped and have decided not to pursue taking the company private at this time. What is undimmed is our belief in the future of MGM Resorts. We continue to hold 66.8 million shares representing approximately 27% of MGM Resorts and have total confidence in both the management and the Company’s prospects.” In addition to being a casino juggernaut with 44,000 full-time employees in the U.S. as well as resort properties in China, MGM Resorts also has hit the gas on its …

Paramount takeover of Warner Bros. Discovery fueled by foreign cash: report

Paramount takeover of Warner Bros. Discovery fueled by foreign cash: report

Published by Sam Flores

One of the largest media mergers in history has been given the green light after California and 11 other states settled lawsuits Monday. For most of the year, Paramount Skydance has tried to purchase Warner Bros Discovery for a reported $110 billion, but those efforts were stalled over the summer. Paramount and the states agreed to certain concessions to complete the deal, California’s attorney general Rob Bonta said at a news conference. Bonta led the coalition of states, plus a Hollywood writers union, that sued in July to stop the merger. “This settlement is not a vote of support for this merger. It is not a blessing of the broader merger,” Bonta said Monday. “Broadly speaking, we believe further consolidation of markets that are central to American economic life doesn’t serve the American economy.” The Block the Merger Coalition released a statement saying “This is a bad deal for the future of film, entertainment, independent journalism and a strong democracy in this country. We are disappointed and angry that the interests of average Americans have …

China Rare Earth Giant Eyes Takeover Of MP Materials’ Seventh-Largest Shareholder As Resource War Intensifies

China Rare Earth Giant Eyes Takeover Of MP Materials’ Seventh-Largest Shareholder As Resource War Intensifies

Published by Jenni Sidey

One way to view the Reuters report saying that state-owned China Rare Earth Group is in takeover talks with Shenghe Resources is that the deal could further cement Beijing’s control over critical materials, especially rare earths. But what’s most intriguing is that Shenghe holds a minority stake in US rare earth producer MP Materials. The potential takeover would bring one of China’s top rare earth mining and refining companies under the state group’s control, with some private ownership. It would also extend that control to Shenghe’s overseas holdings, including a 3.11% stake (7th largest shareholder) in MP Materials. The outlet reported: Talks between the two companies have been underway since earlier this year, said the sources who spoke on the condition of anonymity given the sensitivity of the matter. China Rare Earth Group wants to take a controlling stake, one of the people said. The takeover would almost certainly cause some alarms in Washington: a major Chinese state-owned supplier could inherit a minority holding in a US company amid efforts by Washington to break China’s stranglehold …

Success! Faith school takeover plans abandoned

Success! Faith school takeover plans abandoned

Published by Sam Flores

Surrey County Council has abandoned a proposed faith school takeover following sustained campaigning by the National Secular Society. Last week, a council report recommended dropping the proposals and those recommendations have now been approved by the Cabinet Member for Children, Families and Lifelong Learning. The decision follows two contentious rounds of consultation. The council has also belatedly admitted that the resulting faith school would have been able to discriminate on the basis of religion in hiring staff, having previously claimed otherwise. Overwhelming parental opposition and false claims about faith schools The council initially planned to amalgamate a local non-religious school, Merrow Junior School, into the smaller Merrow Church of England Controlled Infant School. The resulting school would be a Voluntary Controlled (VC) Christian faith school called Merrow CofE Primary School. VC schools can legally discriminate on the basis of religion in admissions and the hiring of staff. Following overwhelming opposition by local parents, politicians and the NSS, the council was forced to launch a second consultation which included a merged non-religious school as an option. …

Council report recommends abandoning faith school takeover

Council report recommends abandoning faith school takeover

Published by Sam Flores

A Surrey County Council report has recommended abandoning a proposed faith school takeover in Guildford following sustained campaigning by the National Secular Society. After two contentious rounds of consultation, a report to the Cabinet Member for Children, Families and Lifelong Learning now recommends the plans should be dropped entirely. The NSS has welcomed the report and is urging the Cabinet Member to abandon the proposed takeover. Overwhelming parental opposition and false claims about faith schools Surrey County Council (SCC) initially planned to amalgamate a local non-religious school, Merrow Junior School, into the smaller Merrow Church of England Controlled Infant School. The resulting school would be a Voluntary Controlled (VC) Christian faith school called Merrow CofE Primary School. VC schools can legally discriminate on the basis of religion in admissions and the hiring of staff. Following overwhelming opposition by local parents, politicians and the NSS, the council was forced to launch a second consultation which included a merged non-religious school as an option. But the NSS heavily criticised the second consultation, which wrongly claimed that the …

DOGE Affiliate Asked for College Credits for Participating in Takeover

DOGE Affiliate Asked for College Credits for Participating in Takeover

Published by skeptic

Christopher Sweet, an affiliate of the so-called Department of Government Efficiency, requested college credit for his time in government, according to new documents obtained by a Freedom of Information Act request filed by Democracy Forward, a nonprofit legal organization. Sweet was stationed at the Department of Housing and Urban Development (HUD), and in emails between Sweet and Scott Langmack, another DOGE affiliate at HUD, it appears that Sweet was looking to frame his work at HUD as an independent study worth three college credits. Sweet joined HUD in the spring of 2025 as an undergraduate college student at the University of Chicago to work on building an AI tool that would crawl through the agency’s rules and regulations and flag them for rescission, or the cancellation of contracts. The tool, called SweetRex, was intended to be rolled out across the federal government. In an August 26, 2025 email titled “which of these should go to U Chicago,” Langmack wrote to Sweet saying, “I need to send them something that has specific framework of the different …

This flaw turned a harmless screen share into a device takeover — update Zoom now

This flaw turned a harmless screen share into a device takeover — update Zoom now

Published by skeptic

Summary A Zoom Workplace vulnerability allowed attackers to run code on meeting participants’ devices through screen sharing, even without direct interaction. The flaw affected every supported operating system running Zoom Workplace versions earlier than 7.1.0. Zoom has patched the vulnerability, so users should check their installed version and update to the latest release immediately. A security researcher discovered a vulnerability in Zoom Workplace that allowed an attacker to run code on participants’ devices. Simply having screen sharing enabled by one participant could put everyone in the meeting at risk, even those who never interacted with the attacker. The bug wasn’t limited to a specific operating system, either, affecting Windows, MacOS, Linux, iOS, and Android. According to the security advisory that Zoom issued, it affected all supported platforms running versions earlier than 7.1.0. Related Delete Your Browser Now and Switch to This One Instead Tired of Chrome’s cluttered interface and privacy concerns? This alternative browser offers a streamlined experience without sacrificing speed or customization. The Zoom vulnerability is patched, yet AI has made such bugs easier …

Tabcorp agrees 9M BetMakers takeover to accelerate global wagering technology 

Tabcorp agrees $189M BetMakers takeover to accelerate global wagering technology 

Published by skeptic

Tabcorp is moving to buy wagering technology provider BetMakers Technology Group in a deal with an enterprise value of about A$267 million ($189 million), which is said to be one of its biggest technology investments as the betting company pushes to modernize its operations and strengthen its international business-to-business offering. The companies have signed a binding scheme implementation deed under which Australia’s largest gambling firm will acquire all issued BetMakers shares through a scheme of arrangement. The offer values BetMakers at A$0.24 a share, placing the company’s fully diluted equity value at about A$283 million and its enterprise value at roughly A$267 million. The proposed price represents premiums of about 41%, 42% and 37% over BetMakers’ one-month, three-month and six-month volume-weighted average share prices, respectively, as of August 7. Big news in the wagering tech space with the @tabcomau takeover of Betmakers in the works. @daveystan1 @SkyRacingAU @adrianscig pic.twitter.com/u2ZiK71FBo — Joel Davies (@Gallop1ngGuru) August 9, 2026 Tabcorp said bringing BetMakers into the business would help speed its transition to a cloud-based wagering technology platform. The …

Bill Clinton Insider Warns Of Socialist Takeover, Calls For Probe Into Possible DSA Foreign Ties

Bill Clinton Insider Warns Of Socialist Takeover, Calls For Probe Into Possible DSA Foreign Ties

Published by Jenni Sidey

Mark Penn, the former chief White House pollster and strategic advisor to President Bill Clinton for six years, used a Wall Street Journal op-ed titled “The Socialist Threat Is Real“ to warn that far-left radicals are hijacking the Democratic Party. The problem for Democrats is that years of letting socialists and Marxists into their DEI kingdom have only now produced dire consequences. Status quo Democrats are watching their power evaporate as Democratic Socialists of America-backed candidates defeat mainstream Democrats in primaries across New York, Colorado, Pennsylvania, and other states. Penn’s warning was blunt: “America will be in serious trouble if Democrats fail to defend their party.” “This ‘revolution’ is driven not by the working class but by the urban professional class that is willing to support candidates who celebrate 9/11, cheer at the massacre of 1,000 Israeli and American kids, would defund the police, abolish prisons, end private property and open the borders,” Penn explained. Penn and his fellow status quo party members are watching in real time as their party transforms almost overnight from one once …

What Sky takeover means for ITV News

What Sky takeover means for ITV News

Published by Sam Flores

ITN TV news unlocked Sky’s takeover of ITV’s media and entertainment business for £1.6bn will make it responsible for commissioning ITV News. The deal sees Sky buying ITV News, ITV’s free-to-air channels in the UK and the ITVX streaming platform, with ITV Studios left out of the acquisition and becoming a standalone business. If the deal is approved (by shareholders, Ofcom and the CMA), Sky will inherit ITV’s Public Service Broadcasting (PBS) obligations that run until 2034, which require the broadcaster to provide impartial national and regional news. Sky has promised that ITV News and Sky News will maintain “distinct editorial identities” until at least 2030. ITV’s current five-year contract with ITN, which produces national news bulletins at 1.30pm, 6.30pm and 10pm on ITV1, Good Morning Britain and London regional news, runs until the end of 2030 and contains no break clause, meaning Sky would inherit the agreement if the acquisition completes as planned in the second half of 2027. Other regional news ITV bulletins are produced by ITV itself. The transaction will see ITV’s …