Jeanie Buss, the Los Angeles Lakers owner who has been the face of the team since the death of her father Jerry Buss in 2013, is reportedly contesting the plan approved by her siblings to sell the family’s remaining 18% stake in the storied NBA franchise to investors Bob Iger and Josh Kushner. ESPN and
Stripe’s multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn’t just creating one of the biggest AI acquisitions of the year; it’s minting venture capital firms’ speedy wins. Andreessen Horowitz and Menlo Ventures are poised to turn investments made less than two years ago into payouts worth nearly $2 billion combined if Stripe acquires the
SpaceX’s stock could come under pressure again as more early investors gain the freedom to cash in their stakes, said research analyst and “Prof G Markets” podcast co-host Ed Elson. Elson discussed the risks surrounding SpaceX’s mega IPO in June during an episode of Kara Swisher’s “On” podcast, released on Thursday. He said that although
David Zaslav, president and CEO of Warner Bros. Discovery, has now sold over $195 million worth of stock since the media company clinched a deal to be acquired by David Ellison’s Paramount Skydance earlier this year. Zaslav’s latest sale of 773,173 shares of WBD stock, for an aggregate market value of $21,655,292, was handled on
President Donald Trump was sued Wednesday over a new service for his social media platform, Truth Social, that charges subscribers up to $100,000 a month for early access to his posts and those of other prominent users. The lawsuit, filed in Manhattan federal court, alleges that the sale of faster access to what the interim
Tomek Wrzesinski has spent more than 20 years selling supersized boats to the uberwealthy, and he’s found one nearly foolproof way to get a client to bite. It starts with sending a cryptic weekend text message: “Maybe I have something for you. I just need to check if it’s still available. It’s an off-market offer.”