The Saudi-led $55 billion takeover of EA has closed

WorldPing

Electronic Arts is once again a privately held company, but it's saddled with $20 billion in new debt.

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Gizmodo•

‘Spider-Man: Brand New Day’ Races to the $1 Billion Mark

The fourth Tom Holland Spider-Man entry became the second-fastest movie to reach that box-office milestone.

Brief by WorldPing · Original reporting by Gizmodo

WorldPing

CryptoSlate•

GameStop plans $1.4 billion stock swap as Bitcoin collateral risk emerges

The exchange would cut note principal by about one-third while replacement Bitcoin option terms also remain undisclosed.

Brief by WorldPing · Original reporting by CryptoSlate

WorldPing

CryptoSlate•

Tomorrow sees a massive liquidity trap for Bitcoin as the US Treasury is quietly draining $77 billion from bank reserves

The Aug. 5 bill-coupon mix will show whether financing pressure reaches Bitcoin-sensitive risk appetite or leaves reserves stable.

Brief by WorldPing · Original reporting by CryptoSlate

WorldPing

Deadline•

Disney Closes $1.2 Billion Deal To Sell A+E Global Media Stake To Hearst

It’s official — Hearst has announced an agreement to acquire Disney’s 50% interest in A+E Global Media for approximately $1.2 billion in cash. The transaction is expected to close in September.

Brief by WorldPing · Original reporting by Deadline

Hollywood Reporter•

Paramount Reports Mixed Earnings Results With Warner Bros. Takeover In Limbo

"We believe that the facts and the law are on our side, and the trial date was just set for March of next year. And as it relates to the financing, all that is in place, there's nothing at risk," CEO David Ellison said Tuesday.

Brief by WorldPing · Original reporting by Hollywood Reporter

Hollywood Reporter•

Disney Sells Its Stake in A+E to Hearst for $1.2 Billion

The two companies had been equal partners in the joint venture, going back decades.

Brief by WorldPing · Original reporting by Hollywood Reporter