By Gary Symons TLL Editor in Chief The takeover battle for Warner Bros. Discovery has more twists and turns than a Netflix mystery drama. The latest plot twist sees Netflix staving off a competing but hostile bid from Paramount Skydance by offering an all cash offer to buy out WBD for $82.7 million. Netflix and Warner say the revised agreement simplifies the … [Read more...] about Corporate Drama: Netflix Sweetens Warner Bros. Deal With All Cash Offer
Mergers & Acquisitions
Hollywood Thriller: Warner Bros. Sticks With Netflix, Rebuffs Paramount Bid
By Gary Symons TLL Editor in Chief The board of Warner Bros. Discovery voted unanimously to reject a bid from Paramount this week, and urged shareholders to vote against it as well. The dramatic takeover battle see WBD continuing to support a bid from Netflix for its streaming and studio businesses, with a plan to separately spin off the Warner Bros. cable TV … [Read more...] about Hollywood Thriller: Warner Bros. Sticks With Netflix, Rebuffs Paramount Bid
Blue Ant Goes Public, Management Buys Out Boat Rocker Subsidiary
By Gary Symons TLL Editor in Chief Big changes in the Canadian entertainment media landscape, as Blue Ant Media has divested itself of its Boat Rocker studio in a plan to go public. Blue Ant, one of the major studios in Canada, has officially completed its previously announced reverse takeover (RTO) transaction, transitioning into a publicly listed company. The subordinate … [Read more...] about Blue Ant Goes Public, Management Buys Out Boat Rocker Subsidiary
Give Back Beauty Signs Acquisition for AB Parfums
By Allison Watkinson TLL Reporter Give Back Beauty (GBB) has signed an agreement with Angelini Industries to acquire its AB Parfums company. Initially founded in 2013 as Angelini Beauty, AB Parfums specializes in creating, developing, marketing and distributing fragrances for wholly-owned brands and licensed properties. “Our priority as entrepreneurs is to grow and … [Read more...] about Give Back Beauty Signs Acquisition for AB Parfums
Getty Images and Shutterstock Announce $3.7 Billion Merger to Create Industry Giant
By Gary Symons TLL Editor in Chief Huge news in the world of image licensing, as Getty Images Holdings, Inc. and Shutterstock have agreed to a merger deal valued at approximately $3.7 billion. The combined entity, to be named Getty Images Holdings, Inc., will remain listed on the New York Stock Exchange under the ticker symbol “GETY.” The companies note this 'merger … [Read more...] about Getty Images and Shutterstock Announce $3.7 Billion Merger to Create Industry Giant
STL Moves to Acquire Famed Fashion House Christian Lacroix
By Gary Symons TLL Editor in Chief Another major shakeup in the world of fashion, as Spain's Sociedad Textil Lonia (STL) is acquiring the famed French fashion house Christian Lacroix. The company revealed the news Tuesday, January 7, but has not revealed any details, such as the value of its offer. Even though it's just the beginning of January, this new year has already … [Read more...] about STL Moves to Acquire Famed Fashion House Christian Lacroix
Iconic Laura Ashley Brand Acquired by Marquee
By Gary Symons TLL Editor in Chief The global brand accelerator Marquee Brands has just acquired the British heritage lifestyle brand Laura Ashley. The Laura Ashley brand has built its business and reputation through licensing its quintessentially English designs in a wide range of products. Marquee says this strategic move, facilitated by Gordon Brothers, enhances Marquee … [Read more...] about Iconic Laura Ashley Brand Acquired by Marquee
Bed Bath & Beyond Signs Second Strategic Partnership in a Week
By Gary Symons TLL Editor in Chief Kirkland's, Inc. has announced a major new strategic partnership with Beyond, Inc.'s Bed Bath & Beyond brand. The deal is aimed at rejuvenating the iconic retailer through a neighborhood store strategy, and includes a major financial investment from Beyond. This collaboration will see Kirkland's Home locations serve as the … [Read more...] about Bed Bath & Beyond Signs Second Strategic Partnership in a Week
Authentic Brands Group and Saks Global Announce Joint Luxury Venture
By Allison Watkinson TLL Reporter Authentic Brands Group and Saks Global are expanding their partnership with a new joint business venture called Authentic Luxury Group (ALG). The new joint venture will leverage the combined capabilities of Authentic's licensing expertise and Saks Global's e-commerce and retail presence to further expand Authentic’s portfolio of luxury brands. … [Read more...] about Authentic Brands Group and Saks Global Announce Joint Luxury Venture
Authentic Acquires Champion in Estimated $1.2 Billion Deal
By Gary Symons TLL Editor in Chief Authentic Brands Group has completed its second-largest acquisition, buying out the sportswear giant Champion from HanesBrands. ABG announced this week it has finalized the deal to acquire Champion, which generates close to $3 billion in annual revenue. Champion is a long-time leader in the sportswear segment, and is credited with … [Read more...] about Authentic Acquires Champion in Estimated $1.2 Billion Deal