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The Latest Breaking News from DealBook

Biden's Wall Street backers discuss whether he should step aside, even as they keep quiet publicly

Some of Biden’s top backers over the weekend discussed how he can best step aside.

Fortune

Report: Term Sheets Exchanged Over Potential Deal Between PGA Tour And Saudi PIF With Negotiations 'Far From Dead'

The New York Times is reporting that a potential deal between the PGA Tour and Saudi Arabian PIF "is far from dead" just days after two PGA Tour board members resigned citing a lack of movement in negotiations.

Golf Monthly

Advertiser backlash may pose mortal threat to Elon Musk's X

Advertising insiders say their clients are worried about the fallout if they place ads on X.

WEKU

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read the most diverse news in one place.

Elon Musk admits X is on death row—but he won't save it

Musk's profanity-laden DealBook Summit interview was incredibly revealing.

Fortune

Patrick Cantlay Loses Hat Sponsor After Four Years

The World No.5 is looking for another cap sponsor after New York-based Goldman Sachs chose not to renew their pair's partnership deal

Golf Monthly

Patrick Cantlay loses Goldman Sachs sponsorship after four years

If Cantlay is going to wear a hat on the golf course in 2024 it won't feature a Goldman Sachs logo.

USA Today Sports Media Group

Microsoft, Activision and the battle with competition tsars

In a “striking show of leniency by a notoriously tough regulator”, the European Commission has approved Microsoft’s $69bn megadeal with games-maker Activision Blizzard, said DealBook in The New York Times – just weeks after the UK’s competition regulator threw it out.

The Week

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The SBF media blitz's key messages

The FTX collapse is the irresistible trainwreck story in business right now, but all the coverage of its instigator might be serving his purposes, as much as the public interest.

Axios

Sam Bankman-Fried’s ‘I screwed up’ messaging is about lawsuits and penalties vs. jail, says U.S. securities lawyer

FTX founder Sam Bankman-Fried “steered clear of anything that sounded like intentional misconduct,” said U.S. securities lawyer James Murphy.

Fortune

Crypto billionaire Mike Novogratz says Sam Bankman-Fried ‘should go to jail,' as the ex-FTX billionaire worries about paying his lawyers

“The problem was, he took our money. And so he needs to get prosecuted,” says Novogratz, whose Galaxy Digital disclosed $76.8 million exposure to FTX.

Fortune

Billionaire Bill Ackman and Kevin O'Leary think FTX's Sam Bankman-Fried is telling 'the truth' about being unaware of major problems at his failed crypto exchange

FTX founder Sam Bankman-Fried defended himself Wednesday against fraud accusations in an interview at the New York Times Dealbook Summit.

Fortune

FTX missing billions remain a mystery

Mystery continues to shroud the missing billions at the bankrupt crypto exchange FTX after its disgraced founder Sam Bankman-Fried denied trying to perpetrate a fraud while admitting to grievous managerial errors.

People

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