NY Times Buying The Athletic, Big Beverage Partnership, and Potential IPOs

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 6 January 2022

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

The New York Times is reportedly buying The Athletic for $550 million. Rivian Automotive shares fall in the wake of Amazon's new partnership with automaker Stellantis. Bill Mann analyzes those stories, shares what he considers to be the most interesting businesses to watch in the EV industry, and discusses the potential for Constellation Brands' new partnership with Coca-Cola for Fresca Mixed Cocktails. Later in the show Dylan Lewis and Motley Fool contributor Brian Feroldi take a closer look at three private companies expected to go public this year: Instacart, Reddit, and Stripe. Stocks: NYT, RIVN, AMZN, STLA, TM, VWAGY, STZ, KO Host: Chris Hill Guests: Bill Mann, Dylan Lewis, Brian Feroldi Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Today on Motley Full Money, in the wake of a record year, we've got three potential
0:09.8	IPOs investors should be keeping their eyes on in 2022.
0:14.5	That plus the deal of the day coming up right now.
0:19.2	I'm Chris Hill, joined by Motley Full Senior Analyst Bill Mann.
0:25.2	Thanks for being here.
0:26.2	Hey Chris, how you doing?
0:27.8	Happy New Year.
0:28.8	Happy New Year.
0:29.8	We've also got a pair of partnerships, one in consumer goods, one in the EVs.
0:34.4	We will get to those soon, but we're going to start with the deal of the day.
0:38.7	Reuters is reporting that the New York Times has agreed to buy the athletic, a subscription-based
0:44.9	sports site, in a deal worth $550 million shares of the New York Times, up 1% earlier
0:51.5	today.
0:53.3	Perhaps an indication that Wall Street likes the price of this deal.
0:58.8	There are a couple things to get to here, Bill, but let's get the elephant in the room
1:03.1	out of the way first, because you and I had the same reaction when we saw this headline,
1:06.6	which was, if this is true, I really hope the New York Times doesn't screw up the athletic.
1:12.6	You know Chris, it's so funny, because you put out a tweet late last year or last week
1:18.8	saying that just listing your love of the athletic and how it was a great gift, and I
1:24.3	want to turn this into an advertising segment for the athletic.
1:27.8	But to me, it is a wonderful sports page, and it is, I think, what the New York Times
1:36.1	sports page used to be and should still be today.
	...

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