mergers and acquisitions - SFist - San Francisco News, Restaurants, Events, & Sports

Netflix Strikes $83B Deal to Acquire Warner Bros. (and HBO) to Create Content Juggernaut

If government regulators don't torpedo the deal, Netflix is poised to become a movie, TV, and streaming giant even larger than it is today, bringing everything from 'Batman' to 'Game of Thrones' into its fold.

Business & Tech

Former Apple Designer Jony Ive's Secretive Startup Working on AI Hardware of Some Kind, OpenAI Acquiring It

A big deal in the local tech world was announced Wednesday, as OpenAI is reportedly acquiring Johnny Ive's secretive hardware startup io for $6.5 billion.

Business & Tech

Musk Reportedly Laying Off 50% of Twitter Staff, Layoffs to Begin Friday

Black Friday is coming a few weeks early at Twitter, as reports come in that Elon Musk will lay off 50% of the company starting Friday, which hardly bodes well for the new paid blue-check system which is supposed to launch Monday.

Business & Tech

Elon Musk Shows Up at Twitter HQ With a Porcelain Sink, Which Is His Way Of Saying He’s Serious About Closing Deal

Unfunny prankster Elon Musk is in town, making a show of symbolic moves that indicate that he really is going to acquire (and probably ruin) Twitter in the next few days.

Business & Tech

Elon Musk Now Says He'll Buy Twitter At His Original Price, But He May Still Be Negotiating

Ugh, the stupid saga drags on, and late Monday, Elon Musk did an about-face and said 'No, no, JK! Forget about the last four months, I actually do want to buy Twitter.'

Business & Tech

Twitter Files Its Lawsuit Against Musk In Delaware Chancery Court, Accuses Him of Creating Negative 'Public Spectacle'

The promised lawsuit has been filed, and among other things, Twitter is accusing would-be buyer Elon Musk of "refus[ing] to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests."

Business & Tech

Elon Musk's Bid to Buy Twitter Looks Officially Dead

Elon Musk made his desire to withdraw from his bid to buy Twitter official Friday, sending a letter to the company's board and filing his intent to back out with the Securities & Exchange Commission.

Business & Tech

[Update] Elon Musk-Twitter Deal Is Done; Twitter to Be Taken Private

Twitter's board has accepted billionaire Elon Musk's offer to take the company private, after two weeks of intrigue and the creation of a "poison pill" meant to kill the deal.

Business & Tech

Twitter Acquires Group Video-Chat App Squad, Will Shut It Down This Weekend

Squad, an app that allows users to video-chat and screen-share with groups of friends in a more "fun" way than Zoom, has been acquired by Twitter, and the Squad app will have its sunset on Saturday, December 12.

Business & Tech

SF-Based Charles Schwab Buys TD Ameritrade, Will Move HQ to Dallas Area

48-year-old brokerage firm Charles Schwab confirmed its widely rumored acquisition of TD Ameritrade on Monday, and the news came with the added detail that the combined company's new corporate headquarters will be in Westlake, Texas.

SF News

Disney And Salesforce Dropped Twitter Bids Because Of Trolls

At least in the case of two high-profile suitors that briefly explored the possibility of acquiring Twitter, it was the platform's infamous culture of bullying, trolls, and generally aggressive idiocy

SF News

Nobody Wants To Buy Twitter As Salesforce Is Latest, Last Suitor To Walk Away

Wanna buy a lightly-used (maybe that's the problem) microblogging platform? Salesforce doesn't, as CEO Marc Benioff informs the Financial Times that his cloud computing company has walked away

Arts & Entertainment

Now Disney's Talking About Buying Netflix, Which Would Be Good For Both Of Them

The latest merger rumor, first floated Friday and continuing into Monday, is that Disney is in discussions to possibly buy Netflix outright, in a deal that would provide the media giant with its

SF News

Microsoft And Disney Floated As Suitors In Twitter Sale, Which Could Be Imminent

#Twitter #Disney pic.twitter.com/SjUSPHyzHq — Wissem (@Wissem_Rassas) September 26, 2016 Late last week we heard that Twitter was starting to receive buyout bids from several tech companies, including Salesforce and Google,

SF News

Groupon Weighs $6 Billion Offer from Google

Groupon, the collective discount peddler that is a dream come true for bargain-addicted Marina girls and can mean a slow death by coupon for some small businesses, is in talks to sell

SF News

Salon Decides It's Time to Sell Itself

We ask you this: Has Salon ever made money? We've always wondered. But the company is still kicking lo these many years since the dot.com boom gave it life (remember