bankruptcy

New On The Block Byron Allen's Allen Media Group has hired Moelis & Company to explore a sale of its TV stations across 21 markets. The company spent over $1 billion acquiring Big Four network affiliates (ABC, NBC, CBS, FOX) over the past six years. It is now looking to cash out and reduce...

New On The Block Revolution Beauty is putting itself in the shop window. The UK cosmetics brand has kicked off a formal sale process and is considering funding options as part of a broader strategic review, including a potential sale. Advisors are on board and talks with interested parties have...

Editor’s note: This story has been updated to include a statement from a Tempus AI spokesperson. Spruce Point Capital Management has announced a new short position against Tempus AI Inc. (NASDAQ:TEM). On Wednesday, the short seller raised concerns about the company’s management team....

NSFW content platform OnlyFans is seeking a tantalizing $8 billion price tag. Leonid Radvinsky‘s Fenix International, the UK-based parent company, is chatting with a consortium led by U.S. investment firm Forest Road Company. The group includes Disney and TikTok alum Kevin Mayer, because...

Silicon carbide component manufacturer Wolfspeed Inc. (NYSE:WOLF) is preparing to file for prepackaged Chapter 11 bankruptcy protection in the coming weeks. What Happened: Facing mounting debt and failed out-of-court restructuring talks with key creditors, the company is reportedly...

New On The Block Starbucks (NASDAQ:SBUX) is brewing up some big decisions for its China business, including a potential stake deal that could fetch several billion dollars. The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might want a sip of its...

New On The Block TSG Consumer Partners is reportedly eyeing a sweet deal—a minority stake in Crumbl, the Utah-based cookie empire that could be worth a jaw-dropping $2 billion. Meanwhile, Blackstone and Golub Capital are cooking up something too, whipping together a $500 million unitranche loan to...

New On The Block Jack in the Box (NASDAQ:JACK) is exploring strategic options for Del Taco, including a potential sale, just two years after acquiring it for $585 million. According to Bloomberg, the fast-food chain could fetch up to $200 million. The company is working with Bank of America on the...

New On The Block Willow Tree Credit Partners seeks to sell a minority stake and is soliciting potential buyers, according to Bloomberg. The New York-based firm has about $5 billion in assets under management. Bloomberg also reports that Zurich-based Partners Group is divesting a 49% stake in...

New On The Block Harley-Davidson (NYSE:HOG) is selling its financing arm. Bloomberg estimates a price tag of $1 billion. The Milwaukee-based motorcycle brand could market the segment to various buyers, including regional banks and private equity firms. Separately, there’s drama brewing on...

These past three months were not what U.S. dealmakers wanted or expected. As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&A volume compared to last year’s first quarter. Elsewhere? Volume is spiking triple digits. The Middle East and Africa combined...

Bankruptcy Block Plenty, a vertical farming company backed by billionaire Jeff Bezos, is wilting in bankruptcy. According to the Wall Street Journal, the Bay Area startup joins the ranks of Bowery, AeroFarms and AppHarvest in the vertical farming graveyard. SoftBank was expected to take charge of...

New On The Block Sandals Resorts International is once again trying to sell itself after years of family drama that’s more akin to “Succession” than “Paradise Hotel.” The Caribbean company — famous for its luxury destinations in places like Jamaica, the Bahamas, Saint...

New On The Block Purple Innovation, Inc. (NASDAQ:PRPL) is considering a sale. After receiving “unsolicited expressions of interest,” the mattress maker is exploring all possibilities to boost shareholder value. Purple's board established a special committee of independent directors to...

Spirit Aviation Holdings, Inc. (OTC:SAVEQ), the parent company of Spirit Airlines, LLC (OTC:SAVEQ) announced that it has successfully completed its financial restructuring. What Happened: The United States Bankruptcy Court for the Southern District of New York has confirmed Spirit...