M&A Monday, The $700 Million Man 12/11/23

from Power Lunch · host CNBC

Today has seen a ton of deal-making news, each highlighting trends across multiple sectors. Arkhouse Management and Brigade Capital offered to buy Macy’s for $5.8 billion. Occidental Petroleum is buying Permian producer CrownRock for $12 billion. And Paramount shares jumped after reports of takeover interest. We’ll break down what these deals mean for their respective industries. Plus, the Los Angeles Dodgers agreed to pay all-star Shohei Ohtani a record-setting $700 million over 10 years. We’ll break down what it means for the economics of baseball. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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This episode was published on December 11, 2023.

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