German media conglomerate Axel Springer has agreed to buy Politico, the prominent political news website, the companies announced this morning. The deal, which values Politico at more than $1 billion according to a person familiar with the matter, includes Axel Springer buying the remaining 50% share in the Politico Europe joint venture, which was formed by the companies in 2014, as well as...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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