Source: the TikTok US deal values it at just around $14B; TikTok's US entity makes roughly $14B annually in advertising revenues alone, per analyst estimates
Sara Fischer /Axios:
Yahoo strikes a deal to sell TechCrunch to media investment firm Regent, which acquired PCWorld publisher Foundry earlier this week
Yahoo on Friday said it has struck a deal to sell TechCrunch, the 20-year-old tech journalism site, to Regent, a media investment firm. Bluesky: @amanda.omg.lol , @karlbode.com , and @niedermeyer.onli...
BuzzFeed sells Complex, acquired for $300M in 2021, to livestream shopping platform Ntwrk for $108.6M; BuzzFeed plans to lay off 16% of its workforce
I read it and realized BuzzFeed is laying off 16% of its own staffers not Complex's Natalie Jarvey / @natjarv : Pretty notable that BuzzFeed is retaining Hot Ones as it sells off Complex https://www.h...
Robinhood plans to launch Sherwood Media, an independent brand led by Joshua Topolsky, which will be the home of its popular Snacks newsletter
Sara Fischer / Axios :
Parler agrees to be acquired by Ye, formerly Kanye West, to create “an uncancelable ecosystem where all voices are welcome”; the deal is set to close in Q4 2022
and will also sign up to Truth Social Clare Duffy / CNN : Kanye West's biggest challenge with owning Parler may come from Elon Musk Anousha Sakoui / Los Angeles Times : What to know about Parler, the ...
Warner Bros. Discovery will shut down CNN+ on April 30, after its March 29 debut; sources: CNN+ had ~150K subscribers and was on pace to hit first-year goals
the same firm that suggested pharmacists get REBATES for opioid deaths—charged CNN millions to tell it what someone wanted to hear. Every $ wasted could have gone to paying journalists. https://twitte...
Sources: OnlyFans has held conversations with multiple SPACs about going public, after failing to raise funds last year due to its adult content
OnlyFans has held talks with multiple blank check companies, or SPACs, about a merger to take it public, sources tell Axios. Tweets: @alplicable , @alex , @sarafischer , @jamestitcomb , @sarafischer ,...
Sources: AT&T is in discussions to sell Xandr to Indian ad tech company InMobi; the mismanaged ad unit has annual revenue of ~$300-$380M and losses of $50-$90M
AT&T is in discussions to sell its ad unit to Indian ad tech giant InMobi, sources tell Axios. Tweets: @sarafischer , @aripap , @loupas , @awolk , @loudmouthjulia , @reckless , and @karlbode Tweets: S...
Amazon says it will acquire MGM Studios for $8.45B, its second-largest acquisition since it paid $13.7B for Whole Foods in 2017
they are laser-focused on expanding and entrenching their monopoly power. That's bad for workers, consumers, and small businesses. Josh Hawley / @hawleymo : This sale should not go through. @amazon is...
AT&T to spin off WarnerMedia and combine it with Discovery in a $43B deal; the new company will be run by Discovery CEO David Zaslav
Felix Salmon asked a question on Twitter: Wall Street Journal : AT&T's Hollywood Ending Erased Billions in Value Sara Fischer / Axios : Scoop: Discovery CEO David Zaslav signs new contract through 202...