Allwyn completes $1.5 billion deal to acquire majority stake in PrizePicks Rachael Davies Suswati Basu Gaming firm Allwyn’s deal to acquire the majority stake in fantasy sports operator PrizePicks has been completed, closing at $ 1.533 billion. Allwyn, best known for its lottery services, has finalized the deal to acquire PrizePicks, the … Continue reading Allwyn completes $1.5 billion deal to acquire majority stake in PrizePicks
Drake, Stake and Adin Ross face federal class action lawsuit over alleged streaming manipulation Suswati Basu Music heavyweight Drake and gambling operator Stake.us are involved in a complex federal class action lawsuit alleging hidden transactions and the artificial manipulation of music streaming platforms. The case filed in the U.S. District Court for the … Continue reading Drake, Stake and Adin Ross face federal class action lawsuit over alleged streaming manipulation
Merkur Group has acquired a ‘significant stake’ in ETG developer Spintec Rachael Davies Merkur Group has expanded its partnership with electronic table game developer Spintec to acquire a “significant stake” in the company. After initially investing back in 2019, Merkur Group has now acquired what it describes as “a significant stake” in Slovenia-based … Continue reading Merkur Group has acquired a ‘significant stake’ in ETG developer Spintec
November 11, 2025 Why did SoftBank sell off its Nvidia stake?
The US government is taking an $8.9 billion stake in Intel Money previously awarded in grants is being converted to a 9.9 percent stake in the company. Ian Carlos Campbell REUTERS / Reuters President Donald Trump says the US government is taking a 10 percent stake in chip maker Intel. Trump shared the news during … Continue reading The US government is taking an $8.9 billion stake in Intel
Trump’s administration may look to buy a stake in Intel A possible deal with the US government could boost the chipmaker’s domestic manufacturing business. Anna Washenko ASSOCIATED PRESS Intel has had some recent struggles in delivering results for its shareholders, but the company could soon be answering to an additional boss. The current administration is … Continue reading Trump’s administration may look to buy a stake in Intel
Amazon takes a new brick-and-mortar approach with a stake in Neiman Marcus It’s bringing data and logistics expertise to the luxury retailer. steve dent Updated Fri, Jul 5, 2024 ASSOCIATED PRESS Amazon changed the face of retail over the last 20 years but has failed miserably to make inroads in the luxury goods market. … Continue reading Amazon takes a new brick-and-mortar approach with a stake in Neiman Marcus
June 21, 2024 Shein has a lot at stake under the EU’s copyright rule Shein, a China-founded e-commerce giant, is pushing toward a London IPO. BY Reuters Shein’s vast array of $5 shirts, $20 dresses and $15 shoes could face more trademark scrutiny under a new EU rule that tightens oversight on intellectual property rights. Shein, … Continue reading Shein has a lot at stake under the EU’s copyright rule
May 23, 2024 Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake? It may be a small fraction of the company, but activist investors in Apple and ExxonMobil have accomplished a lot, with a lot less. BY Clint Rainey Update, 5/23/24: After this article was published, … Continue reading Vivek Ramaswamy spent $3.3 million to buy 8% of BuzzFeed. How much damage could he do with that stake?
Letterboxd sells a majority stake after explosive pandemic-fueled growth Reportedly valued at over $50 million, the site has around 10 million active users. Will Shanklin Updated Fri, Sep 29, 2023 Letterboxd The film-focused social media site LetterBoxd has new ownership. Cofounder Matthew Buchanan announced on Friday that Tiny, a venture capital firm, has bought … Continue reading Letterboxd sells a majority stake after explosive pandemic-fueled growth
