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Comcast is looking to separate from most of its cable networks.However, the media titan is keeping Bravo, which makes popular reality-TV shows.Here’s why holding onto Bravo makes sense, even though the spinoff might not work.Comcast wasn’t bluffing about unloading its steadily declining cable TV networks.The cable giant is officially planning…
Mattel CEO Ynon Kreiz is trying to transform the toy maker into an entertainment company — but don’t look for it to be a funder or distributor in its own right.After 2023’s smash success of Greta Gerwig’s “Barbie,” Kreiz has become one of the most intriguing figures in Hollywood. Kreiz,…
(Reuters) – Tupperware (NYSE:) Brands filed for bankruptcy protection on Tuesday, after years of struggling with poor demand for its food storage containers and rising financial losses. Here’s a look at some of the key moments in the journey of the brand that was once the mainstay of American kitchens:…
By Milana Vinn NEW YORK (Reuters) – A private equity consortium including Vista Equity Partners and Blackstone (NYSE:) is in talks to acquire Smartsheet (NYSE:), a U.S. maker of workplace collaboration software with a market value of about $7 billion, people familiar with the matter said on Thursday. A deal…
The European Union said state-owned SAIC Motors, the Chinese partner of General Motors and Volkswagen, failed to cooperate with EU authorities and did not provide them necessary documentation.Last week, the company was slapped with a 36.3% additional tariff on its cars because the EU accused it of benefiting from “unfair…
The maker of Mike Lynch’s superyacht, which sank off the coast of Sicily, said it was “absolutely stable” and that it never should have gone down.The 183-foot ship — named the Bayesian — sank during stormy weather near Palermo, Italy, in the early hours of Monday morning local time.Fifteen people,…
Since Tesla was founded in 2003 and its IPO in 2010, Elon Musk’s electric-car company has contended with high highs and low lows. And throughout Tesla’s history, the automaker managed to put electric vehicles on the map and become the most valuable car company on the planet.Working at TeslaTesla CEO…
By Abhirup Roy and Marie Mannes (Reuters) – Swedish electric-vehicle (EV) maker Polestar (NASDAQ:) moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3 SUV in the United States. Steep tariffs recently imposed by U.S.…
By Alexander Hübner and Christoph Steitz MUNICH (Reuters) -German battery maker Varta on Sunday said it is discussing two restructuring scenarios that could potentially lead to luxury sportscar maker Porsche taking a stake in it. Varta said in a statement that the two scenarios included one with potential new investors,…
By Milana Vinn and Anirban Sen (Reuters) – Smartsheet (NYSE:), a U.S. maker of workplace collaboration software with a market value of $6.3 billion, has tapped investment bankers after attracting acquisition interest from buyout firms, according to people familiar with the matter. The Bellevue, Washington-based company is working with Qatalyst…
