An all-stock deal would value Flipboard, which makes a news reader app, at over $1 billion,Re/code reports. Mike McCue, the well-known entrepreneur behind Flipboard, would be an obvious heir apparent to Twitter CEO Dick Costolo, who has been under siege from investors over the last six months.
May 25, 2015
A TWC-Charter deal is taking shape.
Charter, the US’s fourth-largest cable company, will reportedly pay $195 a share for Time Warner Cable, 14% higher than the closing price on Friday. The $55 billion merger could be announced as soon as Tuesday. Charter first approached TWC two years ago; TWC tried to make a deal with Comcast instead, but regulators blocked it last month.
5 hours ago
Samsung did a deal to empower the chairman’s son.
Two key Samsung companies will merge in a move that gives heir Lee Jae-yong greater control over the conglomerate, including Samsung Electronics. Cheil Industries, a fashion business and theme park operator, will acquire Samsung C&T, a construction and trading firm.
Jason Rezaian, the Washington Post’s Tehran correspondent, faces espionage charges in a trial that will be closed to the public, including his family. Some US Republicans have attempted to use his arrest to scuttle an impending US-Iran nuclear deal—a goal they possibly share with the hardliners who control Iran’s judiciary.
Apple Watch demand is still looking flat after a massive first day.
May 25, 2015
Greece’s leader subdues his radicals.
Prime minister Alexis Tsipras got Syriza’s approval (payall) to reach a bailout deal with the country’s creditors, over the objections of his leftist party’s most extreme fringe. He’s hoping for a deal by June 5, when Greece’s next IMF payment is due, but there’s still a big gulf to bridge.
May 24, 2015
The “Beautiful Mind” couple die in a car crash.
Mathematician John Nash and his wife Alicia Nash were in a taxi that lost control on the New Jersey Turnpike. The couple, portrayed in the 2001 film A Beautiful Mind, about John Nash’s struggle with schizophrenia, were on their way home from a trip to Norway, where Nash accepted the Abel Prize for mathematics.