Digital subscription-only sports outlet the Athletic is in talks to merge with online news site Axios, according to The Wall Street Journal. The two companies are talking about combining forces to possibly go public through a special purpose acquisition company, using the capital raised for acquisitions. If the deal comes together it could be the first of what many expect to be a flurry of...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals. As Musk has...
Twitter Valued at $20 Billion in New Employee Stock Grant
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