Tilray Stock Closes Up 11% on News of Merger With Peter Thiel-backed Holding Company

Pot is hot. Canadian cannabis company Tilray announced Monday a deal to merge with majority shareholder Privateer, a cannabis-centric private equity holding company backed by billionaire Peter Thiel. The deal would prevent Privateer from releasing their 75 million shares (some 77% of Tilray’s outstanding shares) to the public, and instead will allow the shares to […]

Disney’s Acquisition of 21st Century Fox Will Be Completed in March

Disney’s acquisition of 21st Century Fox is set to close soon. More than a year after it was initially announced, Disney said Tuesday that the deal will become effective at 12:02 a.m. ET on March 20, 2019, TechCrunch reports. Part of the delay was due to obtaining final approval for the acquisition from regulators in […]