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Sony to Acquire ‘Halo’ Maker Bungie in $3.6 Billion Deal | Robins Kaplan LLP

Sony announced on Monday that it will acquire video game maker Bungie, the latest in a recent series of big games industry moves in which the “gaming market is further consolidating around some of its biggest companies.” The deal, valued at $3.6 billion, brings together the creative forces behind Destiny and Halo under the Sony umbrella – NY Times and WSJ

The name change was the easy part. Here’s what Facebook going Meta looks like from the inside, as Zuck & Co. embarks on the metaverse and the next big thing for the social media giant – NY Times

Two days in the dark means markets are slowly catching up sad start to 2022. Although we are still well below the market highs reached at the end of 2021, most people on Wall Street are predicting a solid year ahead – NY Times

Do you remember activist Bill Ackman’s terrible 4-year pre-pandemic period? Firmly in the rearview mirror, thank you very much. Ackman and his company Pershing Square Capital managed to ride a pandemic wave to billions in profits and now find themselves near the “maximum size” of the fund – WSJ

Fed officials appear to be laying the groundwork for a faster pace of rate hikes and balance sheet reductions than the central bank oversaw in the three-year period between 2015 and 2018, as states States were slowly emerging from the Great Recession. A series of regional Fed chairs have pointed out that the current circumstances – from strong employment to persistent inflation – justify the more aggressive approach – NY Times and Bloomberg

A massive $16.5 billion deal by private equity firms Vista Equity Partners and Evergreen Coast Capital Corp. (the private equity arm of Paul Singer’s Elliott Mgmt Corp.) will see cloud computing company Citrix Systems Inc. go private. New owners plan to combine Citrix with “Tibco Software, a Vista portfolio company that provides data management software for enterprises” – WSJ and Law360

Vision Path, the company behind Hubble contact lenses, has reached a settlement with the FTC under which it will pay $3.5 million to resolve allegations that it “failed to obtain prescriptions of customers or to correctly verify prescription information and that it replaced the Hubble lenses for those actually prescribed to consumers” – NY Times

The Sackler family are reportedly close to reaching a deal that would be “substantial[ly]“increasing its contribution to the existing $4.325 billion already pledged to resolve a wide range of opioid-related claims – Bloomberg

In case that 99% unseen episode on “Goodnight Moon” left you wanting more (and it should have. So good), we’ve got you covered with this excellent profile of the book’s groundbreaking author, Margaret Wise Brown- the new yorker

Stay safe and boost yourself,

MDR