Verizon Media to be Acquired by Apollo Funds for $5 Billion

NEW YORK, New York  — Verizon (NYSE: VZ) and Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced that funds managed by affiliates of Apollo (the “Apollo Funds”) entered into an agreement to acquire Verizon Media for $5 billion. Verizon will retain a 10% stake in the company, which will be…

Allen Media Group acquires seven stations from Gray TV for $380 million

LOS ANGELES, California  —  According to The Grio, Gray Television said Thursday that it has sold seven television stations to Byron Allen’s Allen Media Broadcasting for $380 million in cash. “I truly appreciate Gray and Quincy, two of the best broadcast groups in the business, working with us to acquire and transfer these amazing assets,” said Byron…

EBONY Names Marielle Bobo Editor-in-Chief & Senior Vice President, Programming

ATLANTA, Georgia — EBONY, the iconic brand serving as the leading voice of the Black American experience for 75 years, today announced that Marielle Bobo has been tapped as Editor-in-Chief & Senior Vice President, Programming, effective immediately. Following its recent relaunch under new ownership, Bobo’s appointment signals the next milestone in the rebirth of EBONY and is a…

New York Community Bancorp to Acquire Flagstar Bancorp in $2.6B Merger

TROY, Michigan  — New York Community Bancorp Inc. (NYSE: NYCB) and Flagstar Bancorp Inc. (NYSE: FBC) have entered into a definitive merger agreement under which the two companies will combine in an all-stock merger valued at $2.6 billion. The new company will have more than $87 billion in assets and operate nearly 400 traditional branches in…

Hasbro Sells eOne’s Music Business to Investment Firm for $385 Million Cash

PAWTUCKET, Rhode Island — Hasbro, Inc. (NASDAQ:HAS) announced today that it has entered into a definitive agreement to sell Entertainment One Music (“eOne Music”) for an aggregate price of US$385 million in cash. The transaction has been approved by the Board of Directors of Hasbro and Entertainment One Canada Limited, and is subject to customary closing conditions and receipt…

Annastasia Seebohm named new CEO, Brilliant Minds Foundation

STOCKHOLM, Sweden  — Spotify founder and CEO Daniel Ek announced plans to expand the reach of his Brilliant Minds Foundation, even as the nonprofit’s signature annual event—a two-day Summit in Stockholm which has been postponed due to COVID-19 pandemic concerns. The foundation has hired a new CEO, Annastasia Seebohm, who previously served as CEO of global…

Uber, PayPal and Walgreens Introduce Vaccine Access Fund

SAN JOSE, California  — PayPal Holdings, Inc. (NASDAQ: PYPL), Uber Technologies, Inc. (NYSE: UBER) and Walgreens Boots Alliance, Inc. (NASDAQ: WBA) launched their new Vaccine Access Fund that allows customers to donate to vaccine access efforts to help connect people without transportation to COVID-19 vaccination sites, particularly those in underserved communities. Additionally, starting today customers can donate to…

Coinbase Chief Executive Armstrong sold $291.8 million in shares on opening day

SAN FRANCISCO, California  –Coinbase (COIN.O) has gotten off to tumultuous start following its IPO on the Nasdaq that briefly valued it at more than $100 billion. According to regulatory filings, Chief Executive Brian Armstrong sold about $292 million in shares in total during the cryptocurrency exchange’s first day of trading on the Nasdaq in the past week. Armstrong…

Blaze Pizza Set to Open New Locations Throughout Dallas

DALLAS, Texas — Blaze Pizza, the Lebron James backed pizza franchise celebrated  the grand opening of its newest location in Rowlett, Texas on March 23rd. “We’re so excited to be growing in the vibrant Dallas market! After seeing how enthusiastic guests were at our Rowlett grand opening, we know the best is yet to come. Each…

Premium Cognac Brand Nyak Joins Forces with Multi-Platinum Recording Artist Young M.A

ATLANTA,  Georgia  — Business Mogul and CEO of Detroit Equities, Dennis McKinley, Former VP for Remy Cointreau, Patrick Charpentier and Jerome Hyafil, a former EVP, Seagram’s Spirits and Wines announce their partnership and the launch of premium cognac brand Nyak Cognac. In addition to their launch, NYAK Cognac also announced that they have partnered with famed rapper and entrepreneur Young M.A. Charpentier and Hyafil are…