Former Zillow Execs Target $1.3T Market

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt

Anthony Noto
October 26, 2024

New On The Block

Ari Emanuel‘s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE:EDR), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. Most of IMG’s other assets were included in a transaction announced on Thursday with TKO Group Holdings Inc (NYSE:TKO), the parent company of Ultimate Fighting Championship (UFC) and World Wrestling Entertainment (WWE).

The Frieze Art Fair, a curated event featuring modern and contemporary works, is also for sale. Endeavor acquired a majority stake in April 2016. The Raine Group is advising Endeavor.

See Also: UK Launches Antitrust Review Of Synopsys’ $34 Billion Ansys Deal Over Growing Concerns

Off The Block

TKO, created a year ago from the merger of the WWE and UFC, acquired sports marketing agency IMG from Endeavor in a $3.25 billion all-equity deal that included Fort Worth, Texas-based Professional Bull Riders and live events business On Location. The sale is expected to close in the first half of 2025. Endeavor will end up owning approximately 59% of TKO. Separately, TKO's board has authorized a share-repurchase program of up to $2 billion of Class A common stock.

PPG (NYSE:PPG) agreed to sell its architectural coatings business in the U.S. and Canada for $550 million to private equity firm American Industrial Partners. This ends a sale process first announced in February. The transaction is expected to close in late 2024 or early 2025. Goldman Sachs & Co. LLC advised PPG on the sale while law firm Hogan Lovells U.S. handled legal matters.

Jif peanut butter maker J.M. Smucker (NYSE:SJM) jettisoned its cookie brand, Voortman, to snacks company Second Name Brands for $305 million. Reuters first reported about the auction in July. J.M. Smucker also owns Folgers coffee, Hostess baked snacks, and a variety of pet foods, such as Meow Mix and Kibbles ‘n Bits.

Updates From The Block

Biotech firm ProPhase Labs, Inc. (NASDAQ:PRPH) engaged ThinkEquity to advise the sale of PMI. So far, more than 70 potential acquirers are in consideration. The deal is expected to close in 2025.

Durham, North Carolina-based Wolfspeed Inc. (NYSE:WOLF) put plans for a German semiconductor plant on hold. The development comes about two months after activist investment firm, Jana Partners, started urging the Wolfspeed board to explore a sale of the entire company.

Verizon Communications Inc. ((NYSE, NASDAQ:VZ) offered to buy Frontier Communications (NASDAQ:FYBR) for $38.50 per share. The Frontier board had been considering a sale; it recommended stockholders vote "for" the transaction.

Bankruptcy Block

Radford Motors, a luxury car manufacturer owned by British TV personality Ant Anstead, filed Chapter 11. People Magazine broke the story. This year, Hiphi, a Chinese EV startup, backed by Human Horizons, filed for bankruptcy in August. E.Go, a German electric car maker, filed for insolvency for the second time in March and entered liquidation in May.

Now Read:

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

The Fastest Path to Consistent Profits - Ad

See how beginners are using a simple two-move system to trade with confidence-no charts, no guesswork. Watch the strategy in action and get Coach Mike's Hot List free when you attend.

Millions Impacted by Data Breach To Receive Cash, Free Monitoring in $20 Million Deal

Victims of a substantial data breach are set to receive a portion of a $20 million settlement. Over five million affected users are in line to receive compensation for their losses.

Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

FRANKFURT, Germany (AP) — Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, clearing the way for more rate cuts from the European Central Bank to support growth in the face of U.S. President Donald Trump's tariff offensive.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

Cathie Wood's Ark Invest Loads Up On Archer Aviation, Nextdoor Holdings

On Friday, Cathie Wood-led Ark Invest made substantial trades in ACHR, KTOS, and KIND. Total value of the trades is over $35 million.

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

Appeals court hands AP an incremental loss in its attempt to regain its access to Trump events

Digging deep into free-speech precedents in recent American history, a federal appeals panel handed The Associated Press an incremental loss on Friday in its continuing battle with the Trump administration over access by its journalists to cover presidential events.

Inflation data threatened by government hiring freeze as tariffs loom

WASHINGTON (AP) — The Labor Department has cut back on the inflation data it collects because of the Trump administration's , raising concerns among economists about the quality of the inflation figures just as they are being closely watched for the impact of tariffs.

The Next Big Thing in AI: Musk's Secret Supplier - Ad

Nvidia soared 500% in the first AI wave. Now, Elon Musk's xAI is igniting the second. With Trump's backing and policy shifts, xAI is poised to dominate generative AI. One small company behind its tech could explode in value-this may be your second chance to ride the AI boom.

Intel Clues Hidden in Pizza Orders? Pentagon Orders Surged Just Before Israel Hit Iran

A social media account that tracks pizza shop activity near the Pentagon reportedly forecast Israel's military strikes against Iran.

Tesla Cybertruck Demand Slides, But Mexican Police Fleet Buying For 2026 FIFA World Cup

These bulletproof vehicles also provide positive attention and new use cases for Tesla amid reports of demand issues.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

General Motors To Invest $888 Million In NY V-8 Engine Plant Despite Surge In EV Market Share

GM invests $888 million in Tonawanda plant to produce 6th generation V-8 engines, marking its largest investment in an engine plant.

$110M Wiped Out: Bitcoin Whale Trader Gets Burned As BTC Tags $104,150

Pseudonymous crypto trader James Wynn, known for his high-leverage strategies, suffered losses exceeding $110 million after Bitcoin‘s (CRYPTO:

IRA & 401(K) Savers Are Scrambling To Get In - Ad

Hollywood elites think this is the moment you betray Trump. But they're wrong. His IRS is letting Americans use a little-known, 100% tax-free loophole to shield IRA, 401(k), and pension savings through this economic reset. Learn how to activate it with just 2 words.

Apple heads into annual showcase reeling from AI missteps, tech upheaval and Trump's trade war

CUP (AP) — After stumbling out of the starting gate in Big Tech's pivotal race to capitalize on artificial intelligence, Apple will try to regain its footing Monday at its annual

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Judge puts temporary hold on Trump's latest ban on Harvard's foreign students

WASHINGTON (AP) — A federal judge on Thursday temporarily blocked a proclamation by President Donald Trump that banned incoming foreign students from entering the U.S. to attend Harvard University.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Goldman Sachs Bullish On Branded Drug Upside At Teva: What About Viatris?

Goldman Sachs initiates Teva, Viatris, and Amneal, highlighting branded growth and pipeline strength, but one company's unclear outlook.

Buffett's Next Big Investment... Is It This Gold Play? - Ad

Buffett's $325B cash pile is losing value fast - and one gold miner could be his next move. It trades at a 43% discount to its free cash flow, and fits his criteria to a T. With gold set to soar and valuations stretched, now's your chance to front-run Buffett before August 15.

Musician Made $3 Million From NFTs — Then Faced a Brutal Tax Hit and Crypto Crash

Jonathan Mann, a non-fungible token (NFT) artist, has spun his taxing experience with cryptocurrency into a song.

Ethereum Becoming More Attractive For Institutional Investors, JPMorgan Analysts Say

Ethereum's (CRYPTO: ETH) latest network upgrade, dubbed Pectra, has improved technical efficiencies and attracted greater institutional

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Indian authorities begin probe of Air India plane crash as Modi visits the site

NEW DEHI (AP) — Authorities began investigating one of India’s worst aviation disasters after an Air India plane crashed a day earlier that killed all but one of the 242 passengers and crew onboard, officials said Friday, as Prime Minister Narendra Modi visited the crash site.

e.l.f Beauty, Box And Joby Aviation Are Among Top 11 Mid-Cap Gainers Last Week (May 26-May 30): Are Others In Your Portfolio?

11 mid-cap stocks soared last week, including LZ Technology, Centrus Energy, e.l.f Beauty, Merus, Oklo, NuScale Power, Informatica, BRP, Box, Joby Aviation, and C3.ai.

The Fastest Path to Consistent Profits - Ad

See how beginners are using a simple two-move system to trade with confidence-no charts, no guesswork. Watch the strategy in action and get Coach Mike's Hot List free when you attend.

Boeing's 737 Max Production Surge Boosts Shares Amid China Delivery Resumption

Boeing plans to increase 737 Max production to 47 units monthly. Deliveries to China will resume, enhancing Boeing's global market reach.

SpaceX launches another Starship mega rocket in latest demo after back-to-back explosions

After back-to-back , SpaceX launched its again on Tuesday evening in hopes of making it through the entire test flight and releasing a series of mock satellites.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

How To Build a Home in Nearly 4 Hours - Ad

The U.S. is short 2.3M homes, making affordable, efficient housing critical. BOXABL brought assembly lines to construction, building homes in hours, not months. With 700+ built and one of America's largest homebuilders as an investor and partner, they're growing fast.

South Korea's new leader Lee has lived a turbulent life. Now, big challenges await him

SEOUL, South Korea (AP) — was a child laborer with an arm deformity. He attempted suicide. He later made his way through university and became a highly divisive politician who survived a stabbing attack and struggles with numerous criminal charges.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service