As Disney (DIS) grapples with the aftermath of Florida Governor Ron DeSantis revoking the company’s special tax district, some experts say the dissolution might not even happen. “I don’t think it’s very likely,” said Richard Foglesong, Disney historian and author of the book “Married to the Mouse: Walt Disney World and Orlando.” “Frankly, the consequences are too dire,” Foglesong added. “Already you’re seeing conversations about the real cost of this, and who will pay. From all appearances… Source link
Read More »Dissolving Yahoo Successor Must Keep $800 Million for Data Suit
Altaba Inc., successor entity to the former Silicon Valley giant Yahoo Inc., must retain $800 million as it dissolves to cover the maximum damages it could face in connection with a Canadian data breach class action, a Delaware judge ruled. Vice Chancellor J. Travis Laster set the amount in a post-trial ruling for Delaware’s Chancery Court, citing Altaba’s agreement to split any data breach damages with Verizon Communications Inc., which later bought and resold the Yahoo business through… Source link
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