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AP Photo/Wong Maye-E

Cirque du Soleil has acquired Blue Man Group, combining two of North America's more popular live entertainment brands. No financial terms were disclosed for the deal, which results in Blue Man's founders retaining some equity.

Sponsor swap: Cirque du Soleil has been majority-owned by private equity firm TPG Capital since July 2015, while Blue Man sold a minority stake to GF Capital in 2010.

What's the plan? TPG's investment thesis on Cirque is around the concept of programming real estate, whether that be at a casino, on a cruise ship or at a mall (yes, you'll eventually see live Cirque programming between Banana Republic and Orange Julius). Blue Man gets folded into that, even though the two brands will remain separate from a creative perspective. Also expect Cirque to help Blue Man expand more internationally, particularly in China.

Next performance: Expect Cirque to pursue additional acquisition opportunities, both for franchises like Blue Man and possibly for long-running single-city shows.

Go deeper

51 mins ago - Health

CDC panel: COVID vaccines should go to health workers, long-term care residents first

Hospital staff work in the COVID-19 intensive care unit in Houston. Photo: Go Nakamura via Getty

Health-care workers and nursing home residents should be at the front of the line to get coronavirus vaccines in the United States once they’re cleared and available for public use, an independent CDC panel recommended in a 13-1 emergency vote on Tuesday, per CNBC.

Why it matters: Recent developments in COVID-19 vaccines have accelerated the timeline for distribution as vaccines developed by Pfizer and Moderna undergo the federal approval process. States are preparing to begin distributing as soon as two weeks from now.

Obama: Broad slogans like "defund the police" lose people

Snapchat.

Former President Barack Obama told Peter Hamby on the Snapchat original political show "Good Luck America" that "snappy" slogans such as "defund the police" can alienate people, making the statements less effective than intended.

What he's saying: "You lost a big audience the minute you say it, which makes it a lot less likely that you're actually going to get the changes you want done," Obama told Hamby in an interview that will air Wednesday morning at 6 a.m. EST on Snapchat.

Nasdaq's ultimatum

Photo: Kelly Sullivan/Getty Images

New diversity and inclusion rules are on the table for some of America's most powerful corporations, courtesy of one of its most powerful stock exchanges.

What's new: Nasdaq is threatening to delist companies that won't move toward having at least one woman and at least one underrepresented minority or LGBTQ person on their corporate boards.