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Tokyo, Oct. 24 (Jiji Press)--Shiga Bank and Senshu Ikeda Holdings Inc., which owns Senshu Ikeda Bank, are considering a management integration under a new holding company, aiming to expand their customer bases and strengthen their competitiveness, people familiar with the matter have said. The possible integration would create the largest regional banking group in the Kansai western Japan re...
Elon Musk is eager to consolidate Tesla and SpaceX, but recent earnings numbers show how odd that merger would be, Bloomberg Opinion columnist Liam Denning says. (Source: Bloomberg)
A weekly, midday program that delivers high-impact, editorially driven coverage of the most important corporate transactions shaping the global market. Today's guests: General Catalyst Managing Director, Co-Head of Creation Fun Madhu Manburi, Olshan Frome Wolosky Partner in Shareholder Activism Group Rebecca Van Derlaske, Sidley Partner & Co-Chair Shareholder Activism Practice Kai Liekefett, and H.I.G Capital CEO Brian Schwartz. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Musk, who is CEO of both companies, says there is "a lot to be gained" from the merger, which would be the biggest in history.
Elon Musk said SpaceX and Tesla Inc have formed special committees to explore a potential merger, a preliminary step towards what would rank as the largest corporate tie-up of all time. “I do think there’s a lot of merit to combining the companies,” Musk, the chief executive officer of both companies, said on Tuesday on SpaceX’s earnings webcast. “There’s a lot to be gained from cooperating on developing superintelligence software.” Musk said he is not taking part in the committee discussions...
Primary Health properties Plc has formed a £700 million ($933 million) venture with GIC Pte, part of its ongoing plan to reduce debt levels following a merger last year.
Ross Gerber discussed Tesla’s anticipated Roadster unveiling, following a Barclays note suggesting Tesla and SpaceX could merge before year-end, potentially ahead of Tesla’s annual general meeting. Gerber said a high-priced car made in low volumes would not materially affect Tesla financially. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
Albertsons Cos. is demanding that Kroger Co. pay more than $9 billion for the collapse of what would have been the largest US grocery chain merger in history.
Paramount Skydance completed its blockbuster $110 billion takeover of Warner Bros Discovery on Tuesday, creating a Hollywood heavyweight that hands CEO David Ellison control of one of the world's largest entertainment and news businesses. The deal brings together the studios behind "Mission: Impossible," "Harry Potter" and DC Studios alongside major television and streaming networks such as CBS, CNN and HBO Max. The Ellison family has notably held a long relationship with Republican President Donald Trump, who said that Skydance is “going to be a great company.”
Paramount Skydance Corp. closed its acquisition of Warner Bros. Discovery Inc., combining two of the five largest Hollywood film studios and uniting major franchises such as Harry Potter and Mission Impossible. The new company, called Skydance, will be home to dozens of TV networks and two major subscription streaming services, Paramount+ and HBO Max, and will be led by David Ellison and Ynon Kreiz as co-chief executive officers. Bloomberg's Hannah Miller joins to discuss. (Source: Bloomberg)
Tokyo, Oct. 2 (Jiji Press)--Three regional banks based in northeastern Japan--Aomori Michinoku Bank, Bank of Iwate and Akita Bank--are moving toward talks on a management integration. Procrea Holdings Inc., parent of Aomori Michinoku Bank, as well as Bank of Iwate and Akita Bank, said Friday that they would submit proposals to begin such talks to their respective boards the same day. The ...
Bloomberg entertainment reporter Lucas Shaw is on Bloomberg This Weekend examining Paramount Skydance’s acquisition of Warner Bros. Discovery and the challenge of turning two legacy media companies into a growing business as cable declines and streaming growth slows. Speaking with Lisa Mateo, Shaw says the merger could reshape Hollywood while raising questions about debt, further consolidation and whether streaming companies such as Netflix need new sources of growth. (Source: Bloomberg)