Latest in Mergers and Acquisitions

EXCLUSIVE: Scandi podcasting outfit PodX has deepened its push into the UK market with the acquisition of a majority stake in Love Island: The Morning After and The Gemma Collins Podcast maker Listen. Listen becomes the seventh company and second from the UK to join PodX’s growing empire in the space…

Twitter is worth only about one-third of what Elon Musk and 19 co-investors paid to acquire it last fall, according to a new disclosure by one of its investors. Fidelity, which helped back the $44 billion takeover led by Musk, has marked down its investment numerous times in the intervening months. A…

Two family-focused media companies are joining forces, with Sony-owned subscription streaming outlet Pure Flix set to merge with cable and FAST programmer Great American Media. Great American Media operates cable networks Great American Family and Great American Living as well as FAST channel Great…

WWE CEO Nick Khan said Wednesday the company isn’t impacted by the WGA strike that started Tuesday. “Our writers are not members of the guild, so there is no effect on us whatsoever. Of course we are supportive of the writers who are members of the guild and their efforts, and we are hopeful a deal…

Microsoft’s $68.7BN deal for games giant Activision Blizzard has been blocked by regulators in the UK. Both companies hit out at the Competition and Markets Authority (CMA), which ruled the proposed takeover would “alter the fast-growing cloud gaming market, leading to reduced innovation and less…

Endeavor Group Holdings has sold sports educational institution IMG Academy to a division of private equity firm EQT. BPEA EQT is teaming on the deal with Nord Anglia Education, one of the companies in its investment portfolio. The parties expect the all-cash transaction, with an enterprise value of…

National Association of Broadcasters CEO Curtis LeGeyt, the top lobbyist for the broadcast industry, said he hopes the legal mess over the FCC’s handling of private equity firm Standard General’s acquisition of station group Tegna is not a sign of M&A meltdowns to come. “My hope is it’s a one-off,&#8221…

France’s Mediawan has continued its acquisitions spree by acquiring Submarine, the international producer behind Richard Linklater’s animated film Apollo 10 1/2: A Space Age Childhood. The deal, financial terms of which were not disclosed, is for a majority stake in the company, which has offices in…

NBCU and Sky owner Comcast has invested in James Murdoch’s Bodhi Tree Systems, which in turn is becoming a key player in a new-look Viacom18. Comcast-owned company NBCUniversal Media has paid an undisclosed amount for a shareholding in Bodhi Tree, which former Fox CEO Murdoch launched with ex-Star…

The Washington Commanders, an NFL team with a heritage of success but a more recent history of unchecked scandal and mismanagement, has been sold to an investor group for $6 billion. The transaction, which was first reported by Deadline sister publication Sportico and later by other media outlets…

Four Democratic lawmakers want the Justice Department to investigate Warner Bros Discovery, claiming that the merged company has harmed workers and reduced consumer choice. Sen. Elizabeth Warren (D-CA), Rep. Joaquin Castro (D-TX), Rep. David Cicilline (D-RI) and Rep. Pramila Jayapal (D-WA) wrote in a…

Vince McMahon called Monday "a great day" as his iconic company announced plans to sell a controlling stake to Endeavor in a merger with mixed martial arts firm UFC. "Things have to evolve. A family business has to evolve, for all the right reasons. And this is the right business decision, and it's the…