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Scalenut employs 1000's freelancers during Covid-19 surge

Mumbai (Maharashtra) [India], June 4 (ANI/BusinessWire India): Saas-enabled marketplace, Scalenut provides a platform to 1000 plus freelancers to democratize the Global Job market with new-age technology tools. ....

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Tubi signs exclusive Cohen Media Group content deal

FOX Entertainment’s free streaming service Tubi will now be the AVOD home to over 80 titles debuting throughout June as a result of a content deal with Cohen Me. ....

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Rare 2013 Mercedes-Benz SLS AMG Comes With 4 Motors and a 7 Digit Price Tag

Growing up in the '90s, I often took to bumper cars, in a quest to quench my thirst for speed. They weren't very fast, and the playground was limited, to say the least, but that was my first kind of contact with an electric-powered vehicle. And here we are, some 30 years later, basking in a series of nearly 2000 horsepower electric hypercars. ....

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Vivendi in Talks to Sell 10% of Universal Music to Bill Ackman SPAC

(Bloomberg) Vivendi SE is in talks to sell 10% of Universal Music Group to a blank-check firm backed by billionaire Bill Ackman while it prepares to spin off most of the world’s biggest music company.The potential transaction would value the home of Taylor Swift, Drake and Billie Eilish at 35 billion euros ($42.4 billion) including debt, Vivendi said in a statement on Friday, above the 30 billion-euro valuation ascribed to the business in 2019 when China’s Tencent Holdings Ltd. acquired a sta ....

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Vivendi Enters Talks With Pershing Square Funds to Sell 10% of UMG

Vivendi Enters Talks With Pershing Square Funds to Sell 10% of UMG
Elsa Keslassy, provided by
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Vivendi has entered into discussions with U.S. investment fund, Pershing Square Tontine Holdings, Ltd. (PSTH), to sell 10% of Universal Music Group’s (UMG BV) share capital ahead of its listing in Amsterdam before the end of September.
The sale of 10% would be based on an enterprise value of €35 billion ($42.3 billion) for 100% of the UMG BV share capital. The deal would have to be approved during Vivendi’s shareholders meeting on June 22, during which they are also expected to approve the distribution of 60% of the UMG share capital amongst shareholders in the form of special dividends. This distribution of dividends will precede the listing of those 60% of UMG shares on the Euronext market in Amsterdam, with a minimum target value for the company nearing €30 billion. UMG plans to retain 10% of UMG after these transactions. ....

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