The hedge funders who control American Media Inc., the tabloid’s owner, are said to have grown uncomfortable after it was at the center of a federal investigation.
The deal for the highly regarded independent agency highlights the ad industry’s rapidly changing competitive landscape.
The oil company’s investment in Sabic will infuse money into a Saudi sovereign wealth fund after a planned initial public offering of Aramco faltered.
The streaming service agreed to acquire the studio behind podcasts like “Serial Killers,” extending its drive to stockpile high-profile audio programming.
The deal, a break from Uber’s approach in some other regions, will give the ride-hailing company a strong foothold in the area ahead of its expected public offering.