Let’s all hop on for another ride on the New York Times acquisition rumor carousel! As transpired a few months ago, shares of The New York Times Co. are enjoying a nice rally today on apparent speculation that billionaire telecoms magnate, dabbler in New York real estate and Times Co. investor Carlos Read More
Talk about a juicy deal.
The New York Times is reporting that fast-food behemoth Burger King is in advanced takeover discussions with private investment company 3G Capital. Citing “people involved in the negotiations,” the Times says the parties could ink the deal in coming days, although there is a chance it could get chucked. Read More
At the dead of midnight last night, the Metropolitan Museum of Art trumpeted, by email, a high-profile acquisition that has been rumored for months.
The Met purchased, for an undisclosed amount, the second-century marble Roman statue, “Three Graces,” for years a focal point of their Greek and Roman galleries. The sculpture, which depicts three sumptuous Read More
Today Lewis Dvorkin, the founder of True/Slant, announced that his former employer Forbes is buying his nascent digital news operation, which launched in April 2009.
Forbes was an early investor in the site and will now be bringing True/Slant entirely into the fold.
Here’s Mr. Dvorkin writing about the deal:
The small True/Slant Read More