World > Trade

Warren Buffett-backed acquisition deal spurs 74% surge in E.W. Scripps

1 month ago   |   By Business Insider

Summary List Placement
Warren Buffett's Berkshire Hathaway will make a $600 million preferred equity investment in E.W. Scripps to help finance the television network company's acquisition of ION Media.
A combination of E.W. Scripps and ION Media will create a national TV network business that will reach more than 100 million households via over-the-air and pay TV platforms.
Berkshire Hathaway will also receive a warrant to purchase up to 23.1 million Class A shares of E.W. Scripps at an exercise price of $13 per share.
The announcement sent shares of E.W. Scripps higher by as much as 74%...
Read more ...

 

Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media

Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media

1 month ago   |   By Business Insider

Summary List Placement
Berkshire Hathaway, owned by billionaire investor Warren Buffett, will invest $600 million in media group EW Scripps to help finance the purchase of US broadcasting company ION Media, according to the Wall Street Journal, citing people with knowledge of the matter, on Thursday.
Berkshire will make a preferred-equity investment and will also receive a warrant to buy as many as 23.1 million Class A EW Scripps shares at $13 apiece, the WSJ said. Scripps stock was trading up by more than 70% in premarket trading at $17.10 a share, compared with $10.47 at the close on...
Read more ...

 

Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media

Warren Buffett is investing $600 million in EW Scripps deal to buy ION Media

1 month ago   |   By Business Insider

Summary List Placement
Berkshire Hathaway, owned by billionaire investor Warren Buffett, will invest $600 million in media group EW Scripps to help finance the purchase of US broadcasting company ION Media, according to the Wall Street Journal, citing people with knowledge of the matter, on Thursday.
Berkshire will make a preferred-equity investment and will also receive a warrant to buy as many as 23.1 million Class A EW Scripps shares at $13 apiece, the WSJ said. Scripps stock was trading up by more than 70% in premarket trading at $17.10 a share, compared with $10.47 at the close on...
Read more ...

 


Search by Tags

   Trade      Media      Investing      Finance      Business      Companies      Crime      US      Matter      Investor      People      Space  


Ireland player ratings: Will Connors and Hugo Keenan lead the way in big win...

Ireland player ratings: Will Connors and Hugo Keenan lead the way in big win over Italy

Ireland's dreams of winning the Six Nations title are still alive. Here's how the players rated in the 50-17 win over Italy at the Aviva Stadium. Read more ...

Ireland v Italy LIVE: Updates as Six Nations returns to Aviva Stadium with...

Ireland v Italy LIVE: Updates as Six Nations returns to Aviva Stadium with Jacob Stockdale and Rob Herring in the line-up

The Six Nations returns today as Ireland host Italy in an attempt to keep their hopes of Championship success alive. Read more ...

Meet JJ Chalmers - Strictly Come Dancing 2020 contestant and Invictus Games...

Meet JJ Chalmers - Strictly Come Dancing 2020 contestant and Invictus Games medallist

As the all-new Strictly Come Dancing line-up took to the dance floor for their first routines in week one, JJ Chalmers caught fans' attention with the poignant story behind his... Read more ...

Piers Morgan boasts about phone call with Donald Trump - who predicts he'll...

Piers Morgan boasts about phone call with Donald Trump - who predicts he'll win US election

Piers Morgan revealed he spoke to President Donald Trump on the phone ahead of the election Piers Morgan revealed he has spent his afternoon on the phone with President Donald... Read more ...

Girl, 6, scarred ear-to-ear after playing with hand sanitiser that caught fire

Girl, 6, scarred ear-to-ear after playing with hand sanitiser that caught fire

Izabella Reaume, 6, was outside when another child set alight a puddle of hand sanitiser Warning: graphic images below A six-year-old girl has been left with severe scars... Read more ...

Vettel: Leclerc ‘in a different class' to me

Vettel: Leclerc ‘in a different class' to me

Sebastian Vettel has said that team-mate Charles Leclerc is in a “different class” after more contrasting fortunes in Portuguese Grand Prix qualifying. Vettel's final year with... Read more ...

UK records another 23,012 coronavirus cases as 174 more people die

UK records another 23,012 coronavirus cases as 174 more people die

A graph showing the number of cases confirmed in the UK today Another 174 people have died with coronavirus in the UK, while another 23,012 cases have been confirmed in the... Read more ...

Jared Kushner and Ivanka Trump threatened to sue an anti-Trump super PAC for...

Jared Kushner and Ivanka Trump threatened to sue an anti-Trump super PAC for putting up billboards showing them smiling next to the US COVID-19 death toll

Summary List Placement White House senior advisors Ivanka Trump and Jared Kushner have threatened to sue an anti-Trump Republican super PAC for putting up two Times Square... Read more ...

Superyachts, night shifts, and nowhere to hide: 15 current and former yacht...

Superyachts, night shifts, and nowhere to hide: 15 current and former yacht crew members describe rampant harassment in one of the world's most seemingly glamorous industries

Summary List Placement After a night out with fellow crew members in St. Thomas, one yacht staffer says she woke up to a deckhand trying to take her clothes off. The... Read more ...

Michael Portillo issues damning prediction for US election as Biden races...

Michael Portillo issues damning prediction for US election as Biden races ahead in polls

MICHAEL PORTILLO said there can be no real winner in the US election, as he hit out at both Joe Biden and Donald Trump ahead of the crunch presidential vote. Read more ...