Showing 6 results for:
Merger & Acquisition
Popular topics
All results
Netflix has withdrawn its reported $83 billion bid for Warner Bros. Discovery (WBD) after months of competing for the company, clearing the path for a rival offer backed by media executive David Ellison. In a joint statement released Thursday, Feb. 26, 2026, Netflix co-CEOs Ted Sarandos and Greg Peters said the company would not increase its bid to counter a competing offer from Paramount Skydance. While praising WBD as a “world-class organization,” the executives said the deal was “no longer financially attractive.” “We believe we would have been strong stewards of Warner Bros.’ iconic brands, and that our deal would have strengthened the entertainment industry and preserved and created more production jobs in the U.S.,” the co-CEOs said. “But this transaction was always a ‘nice to have’ at the right price, not a ‘must have’ at any price.” Inside The Netflix And Paramount Fight For WBD As AFROTECH™ previously reported, Netflix reached an agreement in December 2025 to acquire a...
President Donald Trump wants Netflix to remove foreign policy expert Susan Rice from its board, warning the company will “pay the consequences” if it does not. In a Feb. 21, 2026, post on Truth Social, Trump shared comments from conservative influencer Laura Loomer, who criticized Rice, a Democrat, over her remarks that there would be an “accountability agenda” targeting corporations that had reportedly taken “a knee to Trump.” Loomer accused Rice of supporting “weaponized government” and political retaliation. Trump wrote in his post, “Netflix should fire racist, Trump Deranged Susan Rice, IMMEDIATELY, or pay the consequences. She’s got no talent or skills – Purely a political hack! HER POWER IS GONE, AND WILL NEVER BE BACK. How much is she being paid, and for what??? Thank you for your attention to this matter.” Trump’s comments come amid a takeover battle between Netflix and Paramount Skydance for Warner Bros. Discovery’s (WBD) studios and streaming assets. According to The...
Flutterwave, Africa’s largest fintech company, has acquired Nigerian bank, Mono, to “chart” the continent’s “next big leap in payments,” according to a press release. Flutterwave, headquartered in San Francisco and with a presence in more than 33 African countries, has processed more than $2 billion in payments and over 25 million transactions, according to information on its website. The company, led by a team of seasoned African professionals from companies including Standard Bank, PayPal, and Google Wallet, was created to empower businesses and banks financially. The platform provides the technology, tools, and infrastructure for users to accept payments globally, make single or bulk transfers to bank accounts, launch e-commerce websites, generate unique payment links, create instant virtual cards, and more, per its website. Flutterwave Acquires Mono Flutterwave has acquired Mono — a Nigerian open banking startup that had raised $17.5 million — in an all-stock deal that is valued...
Rolling Stone has merged with VIBE, Billboard reports. According to Rolling Stone CEO Julian Holguin, the merger will allow the outlet to strengthen its content in Hip-Hop and R&B. Rolling Stone will make investments in VIBE’s “video, podcasts, long-form journalism, social media, and experiential opportunities,” Holguin told the outlet. As part of the merger, Vibe will also launch a new interview series featuring conversations with notable names in music, sports, and fashion . “We are thrilled to announce that VIBE is joining forces with Rolling Stone. This historic team-up will enable Rolling Stone to level up the publication’s Hip-Hop and R&B coverage, allowing RS to dive deeper into the culture … VIBE will continue to power cultural conversations and reestablish itself as a driving force for commentary and reporting. Our goal is to continue the mission VIBE was founded on while leveraging Rolling Stone to amplify its presence across all platforms,” Holguin said, according to...
The cannabis industry continues to thrive! According to PR Newswire, the cannabis market ended 2020 with more than $600 million in deals. The success is expected to continue with an anticipated backlog of $2 billion in deals as 2021 continues. Factors like COVID-19 and election results that opened up five new states to legalize cannabis use and possible federal regulatory reform continue to boost prospects. Per the Cannabis Industry Journal, analysts predict that the U.S. cannabis market is positioned to double by 2025. “Growth is expected to be led by multi-state operators who have achieved scale, cleaned up their balance sheets, and stockpiled dry powder for roll-up acquisitions,” reads the article on the website. “Cannabis companies raised nearly $134 million in the two weeks before Election Day, a 185% increase over the same period last year. Most of the money flowed to multistate operators. In addition, the biggest stocks by market capitalization saw a roughly 20% bump ahead of...