📰 M&A

Vetted Sports

A deal worth close to $700 million shows private equity treating fitness brands like sports franchises, with more than 60% of top U.S. gym chains already PE-backed.

Private equity · M&A

Vetted Sports

Stan Kroenke bought control of the Los Angeles Angels for about $4 billion, a record, and Angel Stadium sits on 130 acres of city-owned parking.

Stadium financing · M&A

Vetted Sports

Marc Stad's Dragoneer is taking control of the Timberwolves and Lynx at $4.5B; the NBA has had 25 majority-ownership sales since 2010.

M&A

Status

Paramount floated an editorial oversight board to safeguard CNN's independence after its acquisition, and CNN staff aren't buying it.

M&A

Axios

Further reading from the day's section on private capital flowing into sports.

M&A

Puck

Bill Cohan handicaps the WarnerMount endgame and why David Ellison may walk away.

M&A

Puck

Puck's read is that taking the Paramount and Warner Bros. Discovery merger to trial may hand the Ellisons an escape hatch, and Zaslav wins either way.

M&A

Puck

Eriq Gardner assesses the billion-dollar bet behind Paramount angling for a trial rather than a settlement.

Regulation · M&A

Puck

Paramount stands to rack up a billion dollars or more in ticking fees for delaying its WBD merger, and Eriq Gardner doubts it's a smart gamble.

M&A

The New York Times

Paramount froze its $111bn Warner Bros. Discovery merger until next June, and per the NYT its own trial lawyer proposed the pause.

M&A

Puck

Further reading from the day's section on Paramount's paused Warner Bros. Discovery merger.

M&A

Status

Paramount agreed to postpone closing its $111B Warner Bros. Discovery acquisition, sidestepping a preliminary-injunction fight with twelve state AGs.

Regulation · M&A

AP

Paramount will close after an antitrust trial or next June, but faces ticking fee payments to investors if the deal drags past September 30.

Antitrust · M&A

Puck

Eriq Gardner broke down California AG Rob Bonta's suit to block the Paramount and Warner Bros. merger, potentially bound for the Supreme Court.

Regulation · M&A