auction

Nicknamed "Larry," a 560-pound Twitter blue bird logo from the San Francisco headquarters is up for auction. Elon Musk secured the item as part of an online yard sale of sorts, after he acquired and renamed the company. What Happened: Musk paid $44 billion to acquire Twitter in 2022. He later...

New On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...

New On The Block The New York Giants are seeking to sell up to a 10% ownership stake. The Giants, regarded as one of the most valuable sports teams in the world because of their history and the New York City market, have hired Moelis & Co. as their banker. Per ESPN, the Mara and Tisch families...

U.S. private equity firm Bain Capital is considering withdrawing its tender offer for Japanese IT company Fuji Soft after rival KKR & Co (NYSE:KKR) raised its bid in an extended bidding war. Bain stated that it is carefully evaluating its next steps, including the possibility of pulling out. If...

It seems even the mighty Guinness isn't immune to a hangover from the economic times. Diageo, the global booze behemoth, is reportedly considering selling or spinning off its iconic beer brand. The deal could fetch a frothy $10 billion, according to Bloomberg. The reasons? Inflation and health...

President Joe Biden prioritized freeing non-violent drug offenders during his final few days in the White House, but TikTok? That's President-elect Donald Trump's problem now. According to the Associated Press, Biden has no intention of enforcing the ban, which takes effect on his last full day in...

New On The Block TD Bank, or Toronto-Dominion Bank (TSX:TD), will consider selling its 10.1% stake in Charles Schwab Corp. The sale is part of a strategic review stemming from the Canadian bank’s U.S. money-laundering scandal. Incoming TD Bank CEO Raymond Chun confirmed the process to...

New On The Block Vera Bradley Inc. (NASDAQ:VRA) sales are down. The handbag brand’s largest shareholder, Fund 1 Investments LLC, isn’t happy about it. A Dec. 30 letter to the board referred to co-founder Barbara Bradley Baekgaard‘s designs as “iconic” and “...

New On The Block Honeywell (NASDAQ:HON) is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business off to fly solo. Recently, Honeywell unveiled plans to spin off its Advanced Materials business...

New On The Block Intevac, Inc. (NASDAQ:IVAC), which manufactures technologies for applications like solar cells and hard disk drives, has undergone a makeover. With its old restructuring woes in the rearview mirror, the company’s forecasted EBITDA is looking a lot healthier — basically, it...

New On The Block Dental supply maker Patterson Companies Inc (NASDAQ:PDCO) announced Thursday that it is exploring strategic options, including a sale or merger, to boost shareholder value. The company disclosed the deal process as part of its second-quarter financial report. Updates From The Block...

Dental supply maker Patterson Companies Inc (NASDAQ:PDCO) announced Thursday that it is exploring strategic options, including a sale or merger, to boost shareholder value. What Happened: The company disclosed the sale process as part of its second-quarter financial report. Earnings were mixed...

Alex Jones’s media company, the self-styled defender against so-called "fake news," is now the property of the very people it relentlessly defamed. What Happened: The Onion, America's premier satirical news outlet, acquired Jones' Infowars at a bankruptcy auction, according to the Associated...

Evolent Health Inc (NYSE:EVH) is reportedly up for sale. What Happened: The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries from private equity firms and healthcare providers. Among the potential suitors are private equity giants TPG Inc...

In a historic auction, Ken Griffin, the hedge fund billionaire, has purchased a Stegosaurus fossil for a record-breaking $44.6 million. What Happened: The 150-million-year-old dinosaur, affectionately named “Apex,” was auctioned off at Sotheby’s on Wednesday. The sale price is the...