Business

Alexandre Arnault Joins Nike Board of Directors Amid Corporate Restructuring
Fashion

Alexandre Arnault Joins Nike Board of Directors Amid Corporate Restructuring

The LVMH executive steps into the board role as the sportswear giant prepares for removal from the S&P 100 index.

Nike To Leave the S&P 100 on September 21
Fashion

Nike To Leave the S&P 100 on September 21

Nike will leave the S&P 100 on September 21, 2026. Here is what the quarterly index rebalance means for the sportswear company.

Authentic Brands Group Acquires Majority Stake in Drake's OVO Brand
Fashion

Authentic Brands Group Acquires Majority Stake in Drake's OVO Brand

Vince Holding Corp. joins as the brand’s core global retail licensee and manufacturing partner.

Meta Agrees to $18 Billion USD Settlement Over Youth Social Media Addiction Claims
Tech & Gadgets

Meta Agrees to $18 Billion USD Settlement Over Youth Social Media Addiction Claims

The 10-year agreement with 52 state attorneys general introduces mandatory child-safety reforms on Instagram and Facebook.

Oura Is Reportedly Planning a September IPO at a $16 Billion USD Valuation
Tech & Gadgets

Oura Is Reportedly Planning a September IPO at a $16 Billion USD Valuation

The company has shipped over 5.5 million units since its inception across global markets.
4 Sources

Shein Prepares for IPO at $27 Billion USD Valuation
Fashion

Shein Prepares for IPO at $27 Billion USD Valuation

The ultra-fast-fashion retailer targets a September 1 listing date amidst regulatory and market challenges.


Buss Family to Sell Remaining Stake in Los Angeles Lakers to Bob Iger and Josh Kushner at $12.5 Billion USD Valuation
Sports

Buss Family to Sell Remaining Stake in Los Angeles Lakers to Bob Iger and Josh Kushner at $12.5 Billion USD Valuation

Jeanie Buss will step down as franchise governor following the complete exit of the family trust.

Josh Kushner and Bob Iger to Acquire Los Angeles Lakers for $12.5 Billion USD
Sports

Josh Kushner and Bob Iger to Acquire Los Angeles Lakers for $12.5 Billion USD

The record-breaking transaction marks the largest sale price for any professional sports franchise in history.

David Ellison Threatens To Move Paramount Out of California Over Antitrust Lawsuit
Entertainment

David Ellison Threatens To Move Paramount Out of California Over Antitrust Lawsuit

The executive warns of an October 1 exit from the Golden State if a settlement in the Paramount-Warner Bros. Discovery merger isn’t reached.

UFC Lost $30 Million USD From White House Event
Sports

UFC Lost $30 Million USD From White House Event

High production expenses and zero ticket sales for the president’s birthday spectacle drive an approximate $30 million USD loss.

Electronic Arts Set to Finalize $55 Billion USD Go-Private Acquisition
Gaming

Electronic Arts Set to Finalize $55 Billion USD Go-Private Acquisition

The gaming giant secures all regulatory approvals to complete its record-breaking buyout led by PIF and Silver Lake.

Netflix Paid $587 Million USD for Ben Affleck's AI Startup InterPositive
Entertainment

Netflix Paid $587 Million USD for Ben Affleck's AI Startup InterPositive

The streaming giant acquires the stealth filmmaking technology firm to expand its suite of post-production tools.

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