The billionaire cofounder of WhatsApp is ‘resting and vesting’ — showing up to Facebook and barely working in order to collect a $450 million payday (FB)

WhatsApp cofounder Jan Koum announced he planned to leave Facebook in April. But he’s still showing up to the office once a month so he can continue to collect $ 450 million in Facebook stock he’s contractually due from when Facebook bought his company. It’s a high-dollar example of “rest and vest,” where big tech […]

Universal Lands ‘Red Notice’ in Fierce Bidding War, Earning Star Dwayne Johnson a $20 Million Payday

Dwayne Johnson just became $ 20 million richer. The Jumanji: Welcome to the Jungle actor and star of not one, but two, upcoming summer blockbusters had Hollywood all in a tizzy, with multiple studios engaging in a fierce bidding war for his thriller Red Notice. Ultimately, Universal came out on top in one of the biggest movie studio deals […]

WALL STREET PAYDAY: 4 banks made a killing from Monday’s $20 billion in biotech deals

Scott Olson/Getty Images Biotech mergers and acquisitions are off to a hot start in 2018. On Monday, French drugmaker Sanofi spent $ 11.6 billion to buy US hemophilia firm Bioverativ, and Celgene spent $ 9 billion on cancer specialist Juno Therapeutics. Investment banks stand to make as much as $ 185 million in fees for advising on […]

Stokes cleared for massive payday

BEN STOKES has been cleared to cash in on the Indian Premier League despite being barred from playing for England. Stokes was bought for $ 2.9 million (£1.7m) last year when he turned out for Rising Pune Supergiants in the auction, thesun.co.uk reports. And the all-rounder could receive even more when he goes up for […]

Bankers on the Disney-21st Century Fox deal are set to make a $150 million payday (DIS, FOXA)

Alberto Saiz/AP Images Disney is buying Fox’s film studio and a large chunk of its television production assets for $ 52.4 billion. Bankers orchestrating the megadeal could earn more than $ 150 million. After months of intrigue and rumors, Disney announced Thursday it has a deal to buy 21st Century Fox’s film and TV assets […]

WALL STREET PAYDAY: Banks could earn $280 million from Broadcom’s mega-bid for Qualcomm (AVGO, QCOM, JPM, MS, MC, C)

Colin E. Braley/AP Broadcom has announced a $ 130 billion takeover bid for fellow semiconductor giant Qualcomm. It would be the largest tech acquisition of all time.  Wall Street bankers could earn as much as $ 280 million in fees for advising on the deal.  Broadcom sent tremors through the semiconductor industry when it unveiled […]

When Payday Loans Die, Something Else Is Going to Replace Them

For years, the word most closely associated with payday loans has been predatory. These loans have been derided not just for how expensive they are, or how they tend to push borrowers into a series of recurring loans, but also because of who they target: poor and minority consumers who have few other banking options. […]

‘Wonder Woman 2’ Giving Patty Jenkins the Biggest Payday for a Female Director

After the massive box office and critical success of Wonder Woman, a sequel was a done deal. With development already underway on Wonder Woman 2, the only thing missing was the director. Now, it’s been officially confirmed that director Patty Jenkins is finalizing a deal with Warner Bros. to return to the director’s chair for the sequel to the most successful […]

WALL STREET PAYDAY: Banks could reap $100 million from the Discovery-Scripps deal (DSCA, SNI, JPM, GS)

Thomson Reuters Several Wall Street banks are set to split a $ 100 million payday from the deal between cable channel operators Discovery Communications and Scripps Networks Interactive. Discovery, which owns channels like Animal Planet and Discovery Channel, said Monday it will pay $ 14.6 billion to acquire Scripps, adding HGTV, Travel Channel, and Food Network to its […]

£2m payday is coming for Game Of Thrones stars

They have each signed monster new deals that can earn each of them up to a £2million per episode when the fantasy drama returns to UK screens on July 17. British cast members Emilia Clarke, Kit Harington and Lena Headey and American Peter Dinklage, along with Danish co-star Nikolaj Coster-Waldau, have all signed golden contracts […]