Finance

MSG Entertainment, BowX Acquisition, Root Inc. & more

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Take a look at some of the biggest movers in the premarket:

BowX Acquisition (BOWX) – The special purpose acquisition company will take office-sharing company WeWork public in a deal worth $9 billion, including debt. Starwood Capital, Fidelity Management and others are involved in the deal as so-called “PIPE” investors. BowX rose 3.6% in the premarket.

Ford Motor (F) – The automaker will idle production of its popular F-150 pickup truck through the weekend at a Michigan plant, due to the global semiconductor shortage.

MSG Entertainment (MSGE) –The owner of Madison Square Garden and other venues is buying MSG Networks (MSGN) in a stock-swap deal valued at more than $900 million. MSG…



Source cnbc.com

Chip shortage has Detroit automakers struggling to maintain truck production

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