ViacomCBS and AT&T's WarnerMedia are seeking a buyer for the CW Network, whose programming is aimed at teens and young adults, as first reported by the WSJ.
Why it matters: This is part of the entertainment content gold rush, as CW's value is more about its shows, like "Riverdale" and "The Flash," than its unprofitable broadcast business.
The New York Times has agreed to acquire The Athletic in an all-cash deal valuing the sports media startup at $550 million, the company said Thursday.
Why it matters: It's a huge victory for The Athletic, which had been shopping a deal for months. The subscription-based sports media company was under pressure to sell in light of how much cash it's lost over the past two years.
Last summer we coined a new term for mega-cap startups, as “unicorns” had become paradoxically ordinary. It was “dragons,” used to describe private companies valued at $12 billion or more, net of capital raised.
Why it matters: The venture industry is about ROI, both percentage and cash. Particularly when it comes to the latter metric, dragons are the most significant; sometimes able to return multiples on entire funds.
Khosla Ventures has raised $557 million for its first-ever opportunities fund, the venture firm tells Axios.
Why it matters: This is the latest in a trend of early-stage venture capital firms raising money to double down on winners as the mature, or at least to maintain their ownership positions.
Illicit activities like cybercrime, money laundering and terrorist financing made up only 0.15% of all crypto transactions conducted in 2021, according to a new report from Chainalysis, a blockchain data platform.
Why it matters: This is a sign of crypto's growing mainstream popularity — and a rebuke to critics who say digital currency is mainly for criminals.
The yield on the 10-year Treasury note has made a round trip since we first learned about the Omicron variant.
Why it matters: Trading in the 10-year note provides a decent thumbnail sketch of the financial hivemind's expectations for economic growth and inflation over the next decade. It's telling us that Omicron's economic disruption, like its health impact, looks fairly mild.
