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Elliott Investment Management has taken a $4 billion stake in PepsiCo as the activist hedge fund led by billionaire Paul Singer presses for changes to boost the company’s stock price. The Wall Street Journal first broke the news on Tuesday of Elliott’s position, now one of the soda maker’s biggest-ever investors, that helped lift shares […]
Adin Ross, a popular streamer on the Stake-backed Kick platform, and sponsored by Stake themselves, is gaining some attention online after he claims he’s been scammed out of $20,000 by the gambling platform. A video posted to the Reddit forum, LivestreamFails, showed Ross playing blackjack for his audience. During one round, it was cancelled and […]
Air France-KLM plans to increase its stake in Scandinavian airline SAS to 60.5%, the latest step towards consolidating Europe’s fragmented airline sector as carriers seek to strengthen their position against rivals. The Franco-Dutch airline group said on Friday it intended to increase its stake from 19.9% currently by acquiring the stakes held by top shareholders Castlelake […]
Owner Jeanie Buss of the Los Angeles Lakers and Jay Mohr prior to game one of a first round NBA basketball game between the Los Angeles Lakers and the Minnesota Timberwolves at Crypto.com Arena in Los Angeles on Saturday, April 19, 2025. Keith Birmingham | MediaNews Group | Pasadena Star-News | Getty Images The Buss […]
Walt Disney said Monday it has completed its purchase of Hulu, agreeing to pay NBCUniversal an additional $438.7 million for its stake in the streaming service. The transaction gives Disney complete ownership of Hulu, clearing the way for a deeper integration with the Disney+ streaming service, and ESPN’s coming direct-to-consumer offering, CEO Bob Iger said in a statement. […]
Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter. Scale, valued at around $14 billion, is backed by […]
Billionaire investor Bill Ackman increased his stake in sportswear company Nike by 15% and cut his investment in fast-casual food chain Chipotle Mexican Grill by 14%, during the fourth quarter, according to a regulatory filing made on Friday. Ackman’s firm Pershing Square Capital Management owned 18.8 million shares in Nike and 24.7 million shares in Chipotle, a […]
Elon Musk was sued on Tuesday by the Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter’s common stock in March 2022 — a parting shot at the mogul by lame-duck SEC boss Gary Gensler. In a complaint filed in Washington, DC, federal court, the SEC said the […]
