A top NBA team owner just made two huge financial plays that show how money moves across industries. First, the owner spent $300 million on a women’s basketball team—the most ever paid for a WNBA franchise. He beat out other bidders by offering more than Cleveland, Detroit, and Philadelphia were wil
The cloud‑software firm ServiceNow is still seen as pricey, even after a recent $7. 75 billion purchase of security company Armis. The deal was financed with about $4 billion in new debt, which will raise interest costs and squeeze the company’s free‑cash‑flow margins. ServiceNow aims to hit $30
The big news is that the Texas billionaire Tillman Fertitta is buying Caesars Entertainment for about $6 billion. This move could shake up the whole U. S. gaming scene, but for the Caesars casino on Canal Street in New Orleans, the everyday experience is likely to stay the same. The brand name will
A major medical device company just won a court case that could shape how heart pumps get made in the future. A jury decided that Abiomed’s Impella heart pumps don’t break Maquet’s patent rules. Even more surprising? The jury said Maquet’s patent itself wasn’t even valid. That’s a double win for Abi
A lockdown drama shot in one house might not sound like a blockbuster, yet Wardcliffe quietly slipped into the spotlight when Starboard Entertainment bought it at Cannes. The movie sticks to a single location—a family home on the first scary days of COVID—where a father and son face each other all d
Wheelhouse, a company known for creating media that spotlights athletes and entertainers, has just added Anomaly Entertainment to its roster. The deal brings a studio that specializes in exciting reality shows and scripted series into Wheelhouse’s mix. Anomaly was founded in 2017 by Matthew Kelly a
Marvell Technology Inc. is set to announce its first‑quarter earnings after the market close on May 27, sparking investor interest. Analysts predict a profit of 79 cents per share, up from last year’s 62 cents. Revenue is expected to reach $2. 41 billion, a jump from the $1. 9 billion reported
People who dream of owning a company are now looking at ready‑made options instead of building from scratch. When a business already has customers, steady money coming in, and a set of working procedures, it can be an attractive purchase. Entrepreneurs who choose this path are called acquisition e
A deal worth more than $300 million has landed James Murdoch, the son of media magnate Rupert Murdoch, at the helm of two influential outlets: New York Magazine and Vox Media’s podcast network. The transaction, executed through his firm Lupa Systems, gives him control over a publication celebrated
A major digital media player is changing hands. BuzzFeed Inc. , once a high-flying online powerhouse, is selling its majority stake to entertainment entrepreneur Byron Allen for $120 million. The deal covers 52% of the company, with Allen acquiring 40 million shares at $3 each. He kicks off the deal
