One of the biggest media takeover battles has come to an end with Paramount Global, Inc. confirming late Monday that the “Go-Shop” period has ended. What Happened: The special committee of Paramount’s board said media veteran Edgar Bronfman, Jr informed it that the proposal from the consortium of investors led by him has opted to withdraw their proposal. “Therefore, the...

Aug 22 (Reuters) - Nvidia ( NVDA ) and Jeff Bezos-backed Perplexity AI said on Thursday that it plans to introduce advertising on its artificial intelligence-powered search platform by the fourth quarter. Last month, the AI startup launched a program for publishers with an initial batch of partners, including TIME, Der Spiegel, and Fortune, in which it plans to share...

02:07 PM EDT, 08/22/2024 (MT Newswires) -- (Updates with TPG and KKR's response.) Evolent Health ( EVH ) is holding talks with private equity firms and other companies over a potential sale after receiving interest, Reuters reported Thursday, citing people familiar with the matter. KKR (KKR), TPG (TPG) and CD&R have all expressed interest in purchasing the healthcare services provider,...

11:40 AM EDT, 08/26/2024 (MT Newswires) -- (Updates with comment from Southwest Airlines ( LUV ) in the final paragraph.) Elliott Investment Management said Monday that it intends to meet with Southwest Airlines ( LUV ) representatives on Sept. 9 to discuss leadership changes. The hedge fund said it is urging the company to adopt new outside leadership and preparing...