In a surprising twist blending satire with real-life legal drama, The Onion, the famed satirical news site, has won the bid to acquire Alex Jones' InfoWars in a bankruptcy court auction. The acquisition follows a court ruling that ordered Jones to liquidate assets from his media company, Free Speech Systems, to pay almost $1.5 billion in damages awarded to families of Sandy Hook Elementary School shooting victims. Jones, known for his incendiary and conspiracy-laden content, had repeatedly claimed on InfoWars that the tragic 2012 shooting was a hoax, leading to prolonged distress and harassment for. . .
Acquisition
Boeing is set to acquire Spirit AeroSystems for $4.7 billion in a strategic move aimed at enhancing control over its production processes and improving its safety record. This acquisition comes as Boeing faces increased scrutiny from federal regulators and the Justice Department following several safety incidents, including a recent event where a door plug blew off during an Alaska Airlines flight in January.
Spirit AeroSystems, a longtime supplier for Boeing, has been instrumental in producing key components for Boeing's aircraft. By bringing Spirit AeroSystems in-house, Boeing aims. . .
Sony and Apollo Vie for Paramount Global in a High-Stakes Acquisition Race
Sony Pictures Entertainment, in partnership with Apollo Global Management, has proposed a substantial $26 billion all-cash bid to acquire Paramount Global. This offer places them in direct competition with Skydance Media, which is also eyeing a merger with Paramount.
Paramount Global, a powerhouse with assets such as BET, CBS Television, Comedy Central, MTV, Nickelodeon, Paramount Pictures, and Showtime, has become a coveted target in the industry. The joint bid by Sony and Apollo underscores the strategic importance of Paramount's vast entertainment and media portfolio.
Former Treasury Secretary Mnuchin Eyes TikTok Acquisition as White House Urges Senate Action
Former Treasury Secretary Steven Mnuchin is making moves to acquire TikTok, the popular video-sharing app owned by Chinese tech giant ByteDance, as the White House calls on the Senate to pass legislation aimed at regulating the platform's ownership and operations.
Mnuchin revealed his plans to CNBC, stating that he is assembling an investor group to purchase TikTok from ByteDance. His bid comes in the wake of a recent House vote approving a bill that would compel ByteDance to sell TikTok within 180 days or face a ban in. . .
Alaska Airlines and Hawaiian Airlines Announce $1.9 Billion Merger, Expanding Travel Options
Alaska Airlines has unveiled plans to purchase Hawaiian Airlines for one-point-nine-billion dollars, a move that would see the acquisition of Hawaiian Holdings Incorporated. The merger, announced on Sunday, is projected to take up to 18 months to finalize, establishing Seattle as its headquarters and retaining Honolulu as a vital hub. With this deal, Alaska Airlines anticipates an expanded fleet of 365 planes and access to approximately 1,200 destinations. . .