All posts tagged "Mergersandacquisitions"

ORLANDO, Fla. -- Some winners have emerged in Gov. Ron DeSantis’ ongoing battle with Disney: political insiders who scored lucrative six-figure jobs and contracts as the culture war fight unfolded. DeSantis vowed to bring a new era of accountability, but more than eight months into a state takeover, the Central Florida Tourism Oversight District’s new administration is facing mounting scrutiny and scathing employee exit surveys. “You do see a pattern here that people who are politically connected are getting work,” said Richard Foglesong, a Rollins College professor and author of the book “Mar......

CHICAGO — Laura Ricketts, a co-owner of the Chicago Cubs, is leading a diverse group of local women business and civic leaders to purchase the Chicago Red Stars of the National Women’s Soccer League. Terms of the contract were not disclosed Tuesday, and the ownership group must receive approval from the NWSL Board of Governors to finalize the sale. The investor group hopes to complete the purchase this month. “We wholeheartedly believe in and are excited about the future of the Red Stars and the NWSL,” Ricketts said in a news release. “There is an unprecedented fan growth in women’s soccer glo......

ST. LOUIS — Anheuser-Busch said this week it would sell several craft beer brands to a marijuana company, a deal experts said hinted at larger troubles inside craft brewers and beer giants alike. The marijuana company, New York-based Tilray Brands, announced the deal on Monday, promising to reinvigorate the craft beer industry. "Tilray is fully committed to invest in and champion the future of the U.S. craft beer industry by fueling new innovation that excites and further accelerates the growth of its consumer base," Tilray CEO Irwin Simon said in a statement. Benj Steinman, editor at Beer Mar......

NEW YORK — While still serving as New York Mayor Eric Adams’ chief of staff last year, Frank Carone held stakes worth at least $1.5 million in three different companies, according to a new financial disclosure form that appears to be at odds with public statements about his holdings. The form, which was released by the city Conflicts of Interest Board to the New York Daily News on Friday, is supposed to provide details on all assets held by Carone between Jan. 1, 2022, and Dec. 26, 2022, the date he resigned as Adams’ chief of staff. In the form, Carone reported he held at least a $500,000 sta......

MIAMI — A group led by Miami developer David Martin has canceled its record-setting $1.2 billion purchase agreement for the former site of the Miami Herald’s headquarters, the largest piece of undeveloped downtown waterfront land, from Malaysian casino operator Genting. The announcement, made in a brief joint statement by Genting and Smart City Miami, the entity formed to develop the vacant 15.5-acre site, came as a deadline approached for closing of the sale. The deal was announced at the end of April. Smart City pulled out after Genting turned down amendments to the purchase terms and an ext......

Florida Attorney General Ashley Moody came up empty on a public records request that sought to gain insight into agreements the Reedy Creek Improvement District’s board made with Disney ahead of a state takeover. The district, which oversees government services for Disney World, determined “no records exist” for the request filed on March 30 by Moody’s office. A similar request filed by the Orlando Sentinel also yielded no documents. Moody sought “documents discussing an intention or goal of circumventing, avoiding, frustrating, mitigating or otherwise attempting to avoid the effects of antici......