All posts tagged "Mergers"

Sean “Diddy” Combs has agreed to buy nine cannabis retail stores and three production facilities in Illinois, New York and Massachusetts for $185 million as part of required antitrust divestitures for the pending $2 billion Cresco-Columbia Care megamerger. The deal to sell off a portion of the combined Cresco-Columbia Care portfolio to Combs, announced Friday, includes the Columbia Care dispensaries in Villa Park and Chicago’s Jefferson Park neighborhood, which have been rebranded as Cannabist, as well as a Columbia Care production facility in Aurora. If approved by regulators, Combs would for......

The merger between a Miami-based investment company and former President Donald Trump’s media firm remained uncertain Monday, when a critical shareholder vote on a deadline extension was put on hold. Patrick Orlando, CEO and chairman of Digital World Acquisition Corp., said he delayed the vote until Nov. 3 so stockholders in the publicly traded company have more time to consider a year-long extension that would allow more time for federal regulators to review the merger with Trump Media & Technology Group. The regulatory extension is considered crucial to Trump’s goal to create a Florida-based......

Former President Donald Trump’s quest to establish a Florida-based social media platform as a conservative alternative to Twitter will face a critical vote on Monday when investors decide whether to extend a deadline allowing more time for the federal government to sign off on the deal. A merger agreement between Sarasota-based Trump Media & Technology Group, Inc., and a publicly traded Miami investment company hangs in the balance, as shareholders decide whether to push for a one-year extension on a deadline to complete the $1 billion-plus deal by September 2023. The shareholders’ vote is a c......

The long-unprofitable Chicago Sun-Times, which sold just over four years ago for $1, has been reborn as a nonprofit newspaper with $61 million in backing through a potentially groundbreaking merger with public radio station WBEZ-FM 91.5. The deal, which closed Monday, puts the daily tabloid and its colorful history under the banner of Chicago Public Media, the parent company of WBEZ, forming a nonprofit news organization that reshapes the local media landscape. Chicago Public Media raised $61 million in philanthropic support to finance the merger, with the money pledged over five years to fund......

It’s not all about me — or the money. Former President Donald Trump asserted on Tuesday that his planned new social media company is an altruistic effort to give a voice to his supporters who have been “silenced by Big Tech” — not a big-bucks scam to raise quick cash. “This is about saving our country. America has always been a nation of smart, spirited, and independent people who take pride in thinking for themselves,” Trump said in an uncharacteristically lengthy and in-depth statement. “We have fallen far down the “slippery slope” of censorship in our country, and the topics that Americans ......