Crypto news site The Block sells 80% stake
Crypto media company The Block sold a majority stake to Singaporean venture capital firm Foresight Ventures in a deal valuing the crypto outlet at $70 million, report Lucinda Shen and Sara Fischer of Axios. Shen and Fischer report, “Former CEO Mike McCaffrey — who held a majority stake in The Block — was ousted last year after it […]
Russian tycoon claims he’s behind Forbes purchase
Russian tycoon Magomed Musaev has claimed he’s the money behind the recent acquisition of Forbes, instead of tech founder Austin Russell, according to five audio recordings and one video recording obtained by The Washington Post in which he discussed the deal. Catherine Belton, Todd C. Frankel and Elizabeth Dwoskin of The Post report, “‘I just bought […]
Bloomberg’s Davis adds media and telecom M&A to beat
Bloomberg News reporter Michelle Davis is adding mergers and telecommunications mergers and acquisitions to her beat. She joined the deals team in April 2021 with a focus on health care. Davis had previously been on the finance team covering JPMorgan. She was first to report on many management changes, strategy shifts and layoffs. She worked in Bloomberg’s […]
Zucker buys Crain stake in Front Office Sports
Former CNN head Jeff Zucker has purchased the Crain Communications minority stake in Front Office Sports for an undisclosed price. A Reuters story states, “The size of the investment was not disclosed. Bloomberg News reported the deal valued FOS at about $40 million. Most recently, it was valued at about $25 million when Crain Communications bought a […]
Bloomberg names Scent its acting head of global deals
Bloomberg senior executive editor Dan Hauck and chief content officer Heather Harris sent out the following: After more than two decades of round-the-clock journalism and hundreds of scoops, our Executive Editor for Deals, Aaron Kirchfeld, is taking about 9 months of leave to study for a master’s degree. While his tireless presence and dedication to […]
THG is acquiring London biz newspaper City AM
THG, the owner of Myprotein and Cult Beauty, has bought free business newspaper City AM from administrators in a pre-packaged deal, reports Charlotte Tobitt of Press Gazette. Tobitt reports, “All 40 editorial and commercial staff at 18-year-old City AM will become part of London-listed THG, which has a market capitalisation of around £1.3bn. “City AM’s co-founder and long-serving […]
Cheddar News is for sale by Altice
Cable company Altice USA is weighing a potential sale of Cheddar News, the news network once billed as “CNBC for millennials,” less than five years after buying the company, report Lauren Hirsch and Ben Mullin of The New York Times. Hirsch and Mullin write, “Altice USA has hired Goldman Sachs to help explore strategic alternatives […]
Reuters hires Sakoui to cover M&A in EMEA
Elisa Martinuzzi, editor of EMEA finance and markets coverage for Reuters, sent out the following on Friday: Dear colleagues, I am delighted to announce that Anousha Sakoui will join Reuters as Editor, EMEA M&A, based in London. In her role, Anousha will lead our coverage of deals in the region. She will work closely with […]
Bloomberg names Gopinath a private equity deals reporter
Bloomberg has appointed Swetha Gopinath to private equity deals reporter to cover transactions across Europe, the Middle East and Africa, with a focus on broader trends shaping the industry. She joined Bloomberg in August 2019 as an equity capital markets reporter and then served as a deals reporter. Previously, Gopinath was an M&A reporter and […]
Mergers and Acquisitions seeks an associate editor
Jump into reporting on the fast-paced world of dealmaking by joining our staff! You’ll learn the ins and outs of M&A transactions and the people and firms behind them, including private equity firms, investment bankers and other players in high finance. You’ll start by writing news briefs, profiling key industry players and assisting us in […]
