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The staggering figures are even more shocking since they don’t take into account the revenue from home entertainment packages. The recent release on digital download and streaming smashed the opening week record set by Avengers Endgame, so the figures reported here could rocket again. What could surprise many more than anything is the remarkable amount that Mary […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
