clearing-one

Gawker Media founder to file for personal bankruptcy: source

By Jessica DiNapoli (Reuters) – Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday after losing a fight in a Florida court for a shield against a judgment in a breach of privacy case involving professional wrestler Hulk Hogan, according to a…

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Gawker Media founder to file for personal bankruptcy: source

clearing-one

SolarCity accepts Tesla’s $2.6 billion offer; both shares fall

SolarCity Corp agreed to Tesla Motors Inc's $2.6 billion offer to buy the solar panel installer, the companies said Monday, clearing one obstacle in the way of Elon Musk's ambitious plans for a carbon-free energy and transportation company. Tesla's stock swap offer valued SolarCity at $25.37 a share, or $200 million less than the initial proposal that Musk outlined in June, before advisers to the companies had done due diligence. SolarCity shares closed last Friday at about 5 percent above that

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SolarCity accepts Tesla’s $2.6 billion offer; both shares fall