Once you get past the whole Joe Rogan and Neil Young thing, Spotify had a great 2022. Neither Netflix nor Disney are putting up those kinds of numbers. Spotify added 80 million listeners in 2022, up 20% from 2021, bringing it to a total of 489 million users worldwide. Read More...
Reuters
UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal – FT
UBS on Sunday agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Klein, a veteran dealmaker, was merging his eponymous advisory boutique into Credit Suisse’s investment banking operations to create CS First Boston as a standalone business which he would have led from New York. UBS has now assigned a legal team to examine how to void the contract Credit Suisse signed with Klein in the cheapest way possible, according to the FT report, which cited people with direct knowledge of the matter.
