All posts tagged: Takeover

How Trump’s Kennedy Center Takeover Failed

How Trump’s Kennedy Center Takeover Failed

Published by Sam Flores

Three months ago, a 75-year-old lawmaker filed a complaint as part of an ongoing lawsuit in federal court, claiming that she had been unlawfully excluded from an upcoming board meeting that would determine the fate of the John F. Kennedy Center for the Performing Arts. It turned out that the invitation had landed in her spam folder—an admission that quickly became a political punch line, a real-life Veep episode in Washington politics. Today, the plaintiff—Representative Joyce Beatty—feels vindicated, she told me, after a federal judge last week ruled in her favor, ordering the removal of President Trump’s name from the Kennedy Center and temporarily halting his plan to close the institution this summer for a two-year renovation project. On Thursday, the Kennedy Center moved to implement the first half of that ruling, instructing staff to remove Trump’s name from signage and center materials. In a new filing yesterday, Beatty’s legal team told the court that the Kennedy Center has yet to clearly indicate that it will comply with the judge’s preliminary injunction requiring the institution …

Inside Madonna’s Horny, Full-Throttle Grindr Takeover

Inside Madonna’s Horny, Full-Throttle Grindr Takeover

Published by skeptic

As tourists in Times Square made their way to The Lion King or Olive Garden on Thursday, they may have noticed the notoriously crowded area was more dense than usual. When the Grindr logo flashed in pink, the reason became clear: Mutha was here. The “mutha” in question was Madonna. Since April, she’s been the new face of the app. The partnership culminated in a 20-minute concert featuring songs from her upcoming album Confessions on a Dancefloor: Part II, complete with a flash mob of dancers in the crowd. Madonna emerged from one of the giant screens, singing and dancing on a spinning stage from a suspended balcony; in addition to new music, she launched into a trio of hits from 2005’s Confessions on a Dancefloor, including the megahit “Hung Up.” Courtesy of Madonna; Photographed by Ricardo Gomes For Grindr users, the advertising for Madonna’s 15th album has been hard to miss. When users opened the app on April 24, Madonna’s voice greeted them with “Hello, it’s mother.” The app’s homepage perpetually has a banner …

Tilman Fertitta Nears .7 Billion Caesars Takeover

Tilman Fertitta Nears $5.7 Billion Caesars Takeover

Published by Jenni Sidey

Tilman Fertitta, the Texas billionaire behind Golden Nugget and Landry’s, is nearing a $5.7 billion takeover of Caesars Entertainment — a deal that would dramatically expand his footprint across casinos, hotels, and restaurants, according to Bloomberg. The merger would unite Caesars’ gaming operations with Fertitta’s hospitality empire, which includes brands such as Mastro’s, Bubba Gump Shrimp, Rainforest Cafe, and several casino properties. Certain assets, including the Houston Rockets and some hotels, are expected to stay separate from the deal. Bloomberg reports that Fertitta, 68, began working in his family’s seafood business in Galveston before building Landry’s into one of the country’s largest hospitality companies. After weathering the Texas oil crash in the 1980s, he grew through aggressive acquisitions and entered the casino industry with the purchase of Golden Nugget in 2005. Recognized for his hands-on leadership and lavish business style, Fertitta became a national media figure through CNBC’s Billion Dollar Buyer and later served as U.S. ambassador to Italy and San Marino under President Donald Trump. Caesars would give Fertitta a larger presence on the Las …

US ‘disappointed’ after Netherlands blocks takeover of online ID platform

US ‘disappointed’ after Netherlands blocks takeover of online ID platform

Published by Sam Flores

The U.S. said Wednesday that it was “disappointed” in a decision by the Dutch government to block New York-based Kyndryl’s planned acquisition of a cloud services provider over concerns about national security. “We were disappointed by the Dutch government’s decision regarding the Kyndryl-Solvinity deal,” the U.S. Embassy in The Hague, Netherlands, said in a statement.… Source link

Netherlands blocks US takeover of vital digital supplier – POLITICO

Netherlands blocks US takeover of vital digital supplier – POLITICO

Published by Sam Flores

In a letter to the national parliament published on Tuesday, State Secretary for Digital Economy Willemijn Aerdts said the national authority charged with screening investments had advised the government to block the acquisition. The purchase was seen as posing “a possible risk to the public interest.” The government on Monday decided to adopt the advice and block the acquisition, Aerdts said. “The Netherlands attaches great value to the presence of foreign, especially U.S.-based tech companies, and their added value to the Dutch economy and digital infrastructure, but it maintains, at the same time, an independent investment screening framework aimed at protecting the public interest and which applies equally to all investors, independent of their country of origin,” the letter read. The decision comes a week before the European Commission is set to unveil its tech sovereignty package, a set of proposals to reduce Europe’s reliance on foreign technology in the areas of cloud, microchips and AI. Kyndryl said in a statement it was “extremely disappointed” about the decision. “The politicization of this process has overshadowed …

Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds

Uber Builds Large Stake In Germany’s Delivery Hero As Takeover Speculation Builds

Published by Jenni Sidey

Uber is exploring a potential takeover of Delivery Hero after building a large stake in the rival German food delivery company, Bloomberg News reports. This follows an earlier report that Uber had built a 19.5% stake. On Monday, Uber disclosed that it owns 19.5% of Delivery Hero, plus an additional 5.6% through options. The position was built with the help of Morgan Stanley traders, according to people familiar with the matter. Uber’s move to acquire Delivery Hero could be an attempt to expand Uber Eats’ global footprint and improve its competitive position against DoorDash outside the US. Delivery Hero operates in more than 60 countries, giving Uber exposure to markets where it is either underscaled or trailing its competitors. Map of Operatoins of Delivery Hero Brands “While Uber’s ultimate intentions on further stake-building remain unclear, we view the move as a clear endorsement of the strategic attractiveness of Delivery Hero’s asset base for Uber,” JPMorgan analysts wrote in a note. Earlier, Uber said it “currently” has no intention of increasing its stake in Delivery Hero …

Imax Takeover Wall Street Speculates Who May Bid

Imax Takeover Wall Street Speculates Who May Bid

Published by Daniella Wilson

As Imax appears up for sale with early-stage talks with possible suitors, financial analysts have lost no time speculating on who may be a likely buyer. And Wall Street’s list, right now, is long. It stretches from traditional exhibitors (possibly), to private equity firms (could be circling) and tech giants (it would be a rounding error for them) along with a couple major entertainment conglomerates. David Joyce, at Seaport Research Partners, argued Imax is performing well as a standalone large format cinema company. But if the company is for sale, Joyce in a May 22 note pointed to Cinemark or AMC Theatres as logical acquirers, and added “we truly hope it is going to be an all-cash deal for investors since most potential strategic investors would have conflicts of interest that could hinder the trajectory of the business.” Long term Imax investors are no strangers to possible sales talk around the film technologies company as the Toronto-based company, led by CEO Richard Gelfond since 1994, over the years has sounded out the market for a …

Evoke extended Bally’s Intralot deadline, keeping potential takeover discussions moving forward

Evoke extended Bally’s Intralot deadline, keeping potential takeover discussions moving forward

Published by skeptic

Evoke has handed Bally’s Intralot more time to decide whether it will move ahead with a formal takeover offer for the betting and gaming company as negotiations between the two sides continue. NEW: evoke plc extends Bally's Intralot offer deadline to June 8 as takeover talks continue around proposed 50p-per-share bid for group amid review @RWW pic.twitter.com/t3OAO0RlH0 — Suswati Basu (@suswatibasu) May 18, 2026 The companies said discussions are still active around a possible acquisition covering all issued and expected share capital in evoke. The approach, first disclosed on April 20, valued the business at 50 pence a share and would likely be structured as an all-share deal with a partial cash alternative attached. The extension gives Bally’s Intralot until 5 p.m. London time on June 8, 2026, to either announce a firm intention to make an offer or walk away from the process. Evoke said the deadline could still be pushed back again if its board agrees. Evoke sets new deadline for Bally’s Intralot  Bally’s Intralot has already said that any formal proposal would …

Welcome to Ricky Gervais’s app takeover!

Welcome to Ricky Gervais’s app takeover!

Published by Daniella Wilson

Add After Life to your watchlist When Ricky Gervais appears on screen for our Zoom chat, it could be a scene straight out of Extras, his merciless comedy lampooning all that is self-important about Hollywood and its luminaries. Behind him, I count at least five Bafta Awards, two Golden Globes and, on a low shelf, almost as an afterthought, an Emmy. “Are those in case I had forgotten what you’ve done?” I ask. “Well, it’s my office…” he starts, before breaking into a trademark Gervais howl of laughter. “I could have faced the camera in another direction, I know.” If any homegrown entertainer deserves to have their trophies up front and centre, it’s Gervais. Since breaking into the public consciousness and changing the rhythm of British comedy for ever with his mockumentary series The Office in 2001, the Reading-born comedian, actor, writer and director has enjoyed a hit rate second to none. As well as executive producing the US version of the show, he and co-creator Stephen Merchant followed up with Extras and Life’s Too …