Story of the Week EBay rejects GameStop takeover bid: ‘Neither credible nor attractive’ EBay rejected GameStop’s $56 billion takeover proposal, calling the unsolicited bid “neither credible nor attractive.” GameStop CEO Ryan Cohen two weeks ago unveiled an audacious bid for eBay, offering to acquire the online marketplace for $125 per share in a cash-and-stock deal. […]
Story of the Week KKR Scoops Up Dallas Deal Machine Arctos Partners in $1.4 Billion Sports Power Play KKR has officially closed its purchase of Dallas-based Arctos Partners, pulling the fast-rising sports-investment specialist into a freshly built KKR Solutions platform. The initial consideration came in at $1.4 billion, made up of roughly $300 million in […]
Story of the Week Estée Lauder Ups Science-Backed Skincare Ante With 111Skin Investment As beauty intersects with aesthetics and shifts toward longevity, Estée Lauder has made a minority investment in the doctor-founded skincare brand 111Skin, yet another proof point that clinical, science-backed positioning is driving deals in the space. While rapid growth and buzz, particularly […]
Story of the Week Estée Lauder arranging financing for potential €5 billion Puig takeover Estée Lauder is reportedly arranging financing for a potential takeover bid of Spanish beauty group Puig. The US cosmetics company has engaged JP Morgan to structure a financing package of around €5 billion to support the deal, according to reports. Estée […]
Story of the Week Tiger Global Backs PopUp Bagels at $300M Valuation Investment firm Tiger Global has reportedly invested in PopUp Bagels at a $300 million valuation, according to Bloomberg. The publication said the valuation is about five times what the QSR chain was quoted at in October, when Stripe became majority owner. The exact […]