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CorpDev.Org

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Category: Deal Drama

Blockchain Payments Firm’s $3.6B SPAC Merger Falls Apart [Law360: Mergers & Acquisitions]

Blockchain Payments Firm’s $3.6B SPAC Merger Falls Apart [Law360: Mergers & Acquisitions]

  • October 5, 2022
  • 0 Comments
  • By Vyas Tungaturti
Special-purpose acquisition company Goldenstone Acquisition Ltd. told regulators on Wednesday that its $3.6 billion take-public merger with blockchain payment firm's Roxe Holding Inc. has been...
Posted in Deal Drama
Elon Musk Offered to Buy Twitter at a Lower Price in Recent Talks [NYT > Mergers, Acquisitions and Divestitures]

Elon Musk Offered to Buy Twitter at a Lower Price in Recent Talks [NYT > Mergers, Acquisitions and Divestitures]

  • October 5, 2022
  • 0 Comments
  • By Vyas Tungaturti
Before Mr. Musk renewed his $44 billion proposal, he and the company haggled in discussions that ultimately did not advance. Source Author: Kate Conger and Michael S. Schmidt
Posted in Deal Drama
Twitter Gets OK To Probe Musk’s Alleged Anonymous Source [Law360: Mergers & Acquisitions]

Twitter Gets OK To Probe Musk’s Alleged Anonymous Source [Law360: Mergers & Acquisitions]

  • October 4, 2022
  • 0 Comments
  • By Vyas Tungaturti
Twitter Inc. won a green light Tuesday to dig deeper into an unverified, alleged offer to Elon Musk of back channel information about the social media giant Source Author: unknown
Posted in Deal Drama

The Board Chair Squaring Up to Elon Musk in the Feud Over Twitter [NYT > Mergers, Acquisitions and Divestitures]

  • October 4, 2022
  • 0 Comments
  • By Vyas Tungaturti
Bret Taylor, an understated executive, led talks with Elon Musk over his plans to acquire the company. Now, he’s leading the legal fight to seal the deal. Source Author: Kate Conger and Lauren...
Posted in Deal Drama
Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

Musk says Twitter deal is ‘accelerant’ to creating ‘everything app’ [Deals Market Headlines | Breaking Stock Market News | Reuters]

  • October 4, 2022
  • 0 Comments
  • By Vyas Tungaturti
Oct 4 (Reuters) - Elon Musk said on Tuesday buying Twitter Inc (TWTR.N) is an "accelerant to creating X, the everything app", after the billionaire proposed to go ahead with his original offer of...
Posted in Deal Drama
Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

Icahn had Twitter stake worth over $500 mln before Musk’s about-face [buyout/ takeover]

  • October 4, 2022
  • 0 Comments
  • By Vyas Tungaturti
Icahn made the investment on the belief that Tesla Inc (TSLA.O) chief Musk wouldn't go through a trial that he looked likely to lose, the report said. He also believed that the stock was worth close...
Posted in Deal Drama

Conflict Sinks Special Master Plan For Musk-Twitter Disputes [Law360: Mergers & Acquisitions]

  • October 3, 2022
  • 0 Comments
  • By Vyas Tungaturti
An "unanticipated conflict" scuttled plans to appoint retired U.S. Bankruptcy Judge Christopher S. Sontchi as special master for remaining discovery disputes in Elon Musk's attempt to terminate his...
Posted in Deal Drama

Kohl’s sees push from activist investor for removal of CEO, Chairman (update) [Activist Investor]

  • September 22, 2022
  • 0 Comments
  • By Vyas Tungaturti
Justin Sullivan Update 4:45pm: Adds Axios report on potential CEO replacement. Activist investor Ancora Holdings, one of the hedge funds that pushed for a board shake-up at Kohl's (NYSE:KSS) last...
Posted in Deal Drama
Deals Rumor Mill: FTX, Instacart, Truth Social [Law360: Mergers & Acquisitions]

Deals Rumor Mill: FTX, Instacart, Truth Social [Law360: Mergers & Acquisitions]

  • September 22, 2022
  • 0 Comments
  • By Vyas Tungaturti
By Tom Zanki (September 22, 2022, 3:01 PM EDT) -- The deals rumor mill is often overflowing with transactions that are reportedly close to being signed, but with so many rumors it can be hard to...
Posted in Deal Drama

Elliott said to buy $1B of Citrix bonds as it increases bet on takeover [buyout/ takeover]

  • September 21, 2022
  • 0 Comments
  • By Vyas Tungaturti
JHVEPhoto Elliott Investment Management is said to have purchased about $1 billion of the junk-bond deal supporting its planned buyout of software company Citrix Systems (NASDAQ:CTXS). Apollo Global...
Posted in Deal Drama

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