Universal Music set for takeover by Bill Ackman’s Pershing Square
[ad_1] Bill Ackman’s Pershing Square said Tuesday it is planning to buy Universal Music Group in a cash and stock deal. UMG will form a newly merged company with Pershing Square and list on the New York Stock Exchange, according to the terms of the transaction, which is expected to close by the end of […]
Netflix CEO Ted Sarandos to visit White House for talks on WBD deal, report says
[ad_1] Netflix CEO Ted Sarandos speaks during comedian Ricky Gervais’s star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, U.S., May 30, 2025. Mario Anzuoni | Reuters Netflix CEO Ted Sarandos will head to the White House on Thursday for meetings on his company’s efforts to acquire part of Warner Bros. Discovery […]
Microsoft Xbox chief Phil Spencer retires, replaced by AI executive Asha Sharma
[ad_1] Microsoft’s head of gaming, Phil Spencer, is leaving the software maker following a 38-year tenure, as the company’s Xbox business faces increased challenges. “Last year, Phil Spencer made the decision to retire from the company, and since then we’ve been talking about succession planning,” Microsoft CEO Satya Nadella wrote in a memo to employees […]