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The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman is in a race to land more than $1 billion in rescue financing from new and existing investors – even as the company announced its CEO is stepping down, The Post has learned. The luxury giant needs a cash infusion to pay off a […]
Paramount Skydance has no immediate plans to sweeten its $30-a-share, all-cash bid for Warner Bros. Discovery – instead continuing to make its case to shareholders that its $78 billion offer is superior to the company’s current deal with streaming giant Netflix, The Post has learned. Paramount Skydance’s owners David and Larry Ellison and their partners […]
Goldman Sachs has hired Robert Sobelman — a hotshot federal prosecutor who worked on the corruption case against outgoing mayor Eric Adams that was controversially scrapped by the Trump administration — as its new head of investigations, The Post has learned. Sources close to Sobelman, an alum of Colgate University and Brooklyn Law School, said […]
Facebook now accounts for the vast majority of scams on social media, according to an explosive new study – and critics claim it’s because Mark Zuckerberg’s tech giant is more focused on making money than protecting customers, The Post has learned. Last year, Meta forecast it would earn $16 billion – or 10% of its […]
Lawmakers are aiming to crack down on so-called “dynamic pricing” in the wake of a jaw-dropping report showing that grocery delivery app Instacart charged shoppers different prices for the same items at the same stores without telling them, The Post has learned. Members of Congress “were displeased, shocked, engaged and ready to consider legislative and […]
Dan Wakeford is out as editor in chief of low-rent celebrity gossip magazine Us Weekly, according to a leaked memo obtained by The Post. The 50-year-old former People boss announced his departure from the publication in an email to staffers on Friday. “After much consideration, I have chosen to leave my position as editor-in-chief of […]
Paramount Skydance chief David Ellison met with Trump officials and key lawmakers in Washington DC on Wednesday to press his case against Warner Bros. Discovery’s potential selection of Netflix as its merger partner – even as the streaming giant submitted a higher offer in the latest round of bidding, The Post has learned. Netflix has […]
Senior White House officials recently discussed antitrust concerns surrounding Netflix’s interest in acquiring the Warner Bros. studio and the HBO Max streaming service – raising doubts whether such a deal would give Netflix too much power over Hollywood, The Post has learned. The high-level meeting that took place about 10 days ago hasn’t been previously […]
For those wagering against Comcast in the bidding war for Warner Bros. Discovery, the cable giant’s CEO Brian Roberts is signaling that he will see their bets – and that he may raise them, too. People with direct knowledge say that Roberts – scrambling to reinvigorate Comcast’s shrinking empire – plans to join a second […]
A Morgan Stanley-backed group appears to have the inside track to become the new financial adviser to Pakistan International Airlines, or PIA, as it decides what to do with the precious Roosevelt Hotel site in Midtown East, sources told The Post on Monday. The consortium would replace JLL, which checked out of the role last […]
