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Axios, valued at $525 million, to be sold to Cox Enterprises in major media deal

Axios, valued at $525 million, to be sold to Cox Enterprises in major media deal

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Comment on this story Comment Cox Enterprises said Monday it has acquired majority control of Axios, a five-year-old digital news company headquartered in Washington. The companies didn’t announce what Cox paid, but the Atlanta-based publisher will own 70 percent of Axios, which the two parties said was worth $525 million. Axios’s three founders and its …

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At $3,450, Is This 2001 Mitsubishi Montero Sport a Good Deal?

At $3,450, Is This 2001 Mitsubishi Montero Sport a Good Deal?

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The ad for today’s Nice Price or No Dice Montero laments the current crazy car market and positions the Mitsubishi’s price as an exception to that current rule. Let’s see if we all agree with the logic. Flipping cars is a popular pastime these days, although in the used car market the mantra isn’t so …

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Amazon hoovers up Roomba-maker iRobot in $1.7 billion all-cash deal

Amazon hoovers up Roomba-maker iRobot in $1.7 billion all-cash deal

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Comment on this story Comment Amazon devices are listening, watching and will soon be cleaning up after you. The e-commerce giant will acquire iRobot — best known for its robotic vacuum Roomba — under a $1.7 billion all-cash deal, the latest step in its push into the home. From fitness wearables to streaming devices to …

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Coinbase forges deal to give BlackRock clients access to crypto

Coinbase forges deal to give BlackRock clients access to crypto

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Coinbase has announced a deal with BlackRock to give the asset manager’s clients more seamless access to digital asset markets, in the latest sign of how a rising number of traditional investors are dabbling in crypto. San Francisco-based Coinbase said on Thursday that it would connect to Aladdin, BlackRock’s investment technology platform. The system, which …

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Twitter subpoenas Binance and a dozen more firms over $44B Musk deal

Twitter subpoenas Binance and a dozen more firms over $44B Musk deal

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Bankers and advisers that backed Tesla (TSLA) CEO Elon Musk’s $44 billion bid for Twitter (TWTR) have been hit with a flood of new subpoenas from the social media site’s lawyers. Those lawyers want to know what happened in Musk’s private negotiations leading up to the now-disputed deal. On Tuesday, Twitter filed more than a …

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Exclusive: Airbus axes remaining A350 jet deal with Qatar - sources

Exclusive: Airbus axes remaining A350 jet deal with Qatar – sources

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PARIS, Aug 3 (Reuters) – Airbus (AIR.PA) has revoked its entire outstanding order from Qatar Airways for A350 jets, severing all new jetliner business with the Gulf carrier in a dramatic new twist to a dispute clouding World Cup preparations, two industry sources said. No comment was immediately available from Airbus or Qatar Airways. The …

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Twitter Seeks Evidence On Elon Musk Attempts To Torpedo $44 Billion Deal

Twitter Seeks Evidence On Elon Musk Attempts To Torpedo $44 Billion Deal

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Twitter is looking into Musk’s motivation for backing out of the deal, legal experts said.(File) Wilmington: Twitter Inc is attempting to find evidence that Elon Musk tried to torpedo the financing of his $44 billion takeover deal for the social media company while also looking into his motivation for backing out of the deal, legal …

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JetBlue announces a deal to buy Spirit Airlines. Fares could surge

JetBlue announces a deal to buy Spirit Airlines. Fares could surge

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JetBlue had been pursuing a hostile bid for Spirit even while Spirit sought shareholder approval for a lower-priced deal with Frontier. Spirit had continually expressed concern whether regulators would approve a deal with JetBlue. But shareholders had balked at accepting Frontier’s less-valuable cash-and-stock offer when they had JetBlue’s all-cash offer on the table. JetBlue CEO …

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F.T.C. Sues to Block Meta Virtual Reality Deal as It Confronts Big Tech

F.T.C. Sues to Block Meta Virtual Reality Deal as It Confronts Big Tech

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WASHINGTON — The Federal Trade Commission on Wednesday filed for an injunction to block Meta, the company formerly known as Facebook, from buying a virtual reality company called Within, potentially limiting the company’s push into the so-called metaverse and signaling a shift in how the agency is approaching tech deals. The antitrust lawsuit is the …

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Cargill settles DOJ lawsuit to clear path for $4.5B chicken deal

Cargill settles DOJ lawsuit to clear path for $4.5B chicken deal

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Cargill Inc. and other poultry operators agreed to settle a Department of Justice lawsuit filed Monday alleging the companies conspired to suppress wages for its processing plant workers. The DOJ filed the lawsuit, along with the settlement terms — or consent decree — Monday morning. The department’s antitrust investigation was triggered by Cargill’s and Continental …

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