Mergers and acquisitions
Craveworthy Brands becomes managing partner of Gregorys Coffee
Gregorys Coffee was founded in 2006 and has more than 50 locations. Source: Gregorys Coffee Craveworthy Brands is now investor and managing partner of Gregorys Coffee, a New York City-based coffee chain with dreams of a nationwide footprint. The two companies announced the deal on Thursday. Financial terms were not disclosed. Craveworthy Brands, a fast-growing […]
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NFL in talks to take a 10% stake in ESPN
Key Points The NFL is closing in on a deal to take a minority stake of up to 10% in ESPN, according to people familiar with the matter, potentially tying together two powerhouse brands in sports. The discussions are ongoing, and it’s possible the final deal may arrive at a smaller stake, according to the people. ESPN […]
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Shares of gun seller GrabAGun — backed by Donald Trump Jr. — tank after NYSE trading debut
Donald Trump Jr. rings the opening bell on the New York Stock Exchange (NYSE) for the Texas-based firearm e-commerce platform GrabAGun where Trump is a member of the board on July 16, 2025 in New York City. Spencer Platt | Getty Images Shares of the online firearms retailer GrabAGun — whose shareholders and board members […]
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Shares of scandal-plagued Brazilian meat giant JBS open at $13.65 in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty Images Shares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share. The opening trade values the company at roughly $30 billion, outstripping rival Tyson Foods’ market […]
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2025 CNBC Disruptor 50: See the full list of companies leading new era of AI breakthroughs and riches
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups. The top five companies on this year’s Disruptor 50 list — including a new No. 1 Disruptor from the defense tech sector — have […]
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Robinhood’s $200 million Bitstamp deal takes it beyond retail trading
Robinhood has officially closed its $200 million acquisition of Bitstamp, bringing one of the world’s longest-running cryptocurrency exchanges into its fold and signaling a strategic shift beyond retail trading and into the world of institutions. The all-cash deal, first announced last year, gives Robinhood an immediate international footprint — including more than 50 active crypto […]
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Private equity firm Roark Capital invests in fast-growing restaurant chain Dave’s Hot Chicken
Private equity firm Roark Capital has bought a majority stake in Dave’s Hot Chicken, the company announced on Monday. Financial terms were not disclosed, but Dave’s CEO Bill Phelps said on CNBC’s “Squawk Box” that the reported $1 billion valuation for the deal is “pretty close.” Since its founding in a Los Angeles parking lot […]
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Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership
Wendy McMahon, president and co-head of CBS News and Stations. Michele Crowe | CBS | Getty Images CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone. Paramount Global co-CEO George […]
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Cybersecurity firm Proofpoint to buy European rival for $1 billion as it eyes IPO
Pavlo Gonchar | Lightrocket | Getty Images Cybersecurity firm Proofpoint announced Thursday it will acquire Germany-based competitor Hornetsecurity for $1 billion to strengthen its European presence as it explores a return to public markets. The deal marks the largest single acquisition in Proofpoint’s history. The Sunnyvale, California-based company, which is currently owned by private equity […]
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UK’s Virgin Media O2 and Daisy Group combine in business telecoms
Virgin Media O2 is a joint venture between telecoms giants Liberty Global and Telefonica. Tolga Akmen | AFP via Getty Images Britain’s Virgin Media O2 said it was combining its enterprise unit with business-to-business telecoms provider Daisy Group to create a new communications and IT offer for companies. The new company will be 70% owned […]
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