Deal Archives
Prelaunch editorial prototype. Dialogue is reconstructed and has not completed line-by-line source verification. Do not treat it as a verbatim transcript.

Follow the paper trail

Series

Connected files that trace one story through testimony, messages, filings, and the people who made the decisions.

Deal Gone Wrong

3 files

  1. The OpenAI Boardroom Coup: 'I Love You All, and I'm Going to Destroy the Company'

    Internal messages, board communications, and employee letters from the five days in November 2023 when Sam Altman was fired and rehired at OpenAI.

    Free

  2. Crypto's Year of Reckoning: FTX, Binance, and the End of the Wild West

    The three cases that reshaped crypto regulation: the FTX collapse, the Binance guilty plea, and the Coinbase SEC fight.

    Members

  3. The WeWork Collapse: 'Our Mission Is to Elevate the World's Consciousness'

    The internal communications and IPO filings that revealed the gap between WeWork's messianic public image and its chaotic internal reality.

    Members

Regulatory Showdown

5 files

  1. The Antitrust Revival: Inside the New War on Mergers

    Three antitrust battles that defined the new era of merger enforcement: Google's default search deals, the JetBlue/Spirit Spirit Effect, and Microsoft's Activision fight.

    Preview

  2. The Binance Guilty Plea: 'We Inadvertently Had Users from Sanctioned Countries'

    The DOJ's case against Binance and CEO Changpeng Zhao, as told through the plea hearing, compliance documents, and internal communications exposed in the settlement.

    Members

  3. The Google Antitrust Trial: 'We Are the Default, and That's Not an Accident'

    Internal Google emails and trial testimony from the DOJ's landmark antitrust case reveal how the company spent billions to remain the default search engine everywhere.

    Preview

  4. I had no idea Brian was planning this

    Coinbase's internal communications during the SEC Wells notice reveal a company preparing for war with its regulator.

    Preview

  5. I will never work with you again

    Internal Microsoft emails and testimony show the tense negotiations and personal friction behind the $69 billion Activision Blizzard acquisition.

    Preview

Inside the Deal

3 files

  1. The JetBlue/Spirit Merger Blocked: 'We Can't Compete Without This Deal'

    Internal airline emails and trial testimony from the DOJ's successful challenge to the JetBlue-Spirit merger, as told through the antitrust trial record.

    Preview

  2. We are a family and families sometimes fight

    The Kroger-Albertsons merger trial produced internal documents showing how two grocery giants planned to defend a $24.6 billion deal against antitrust scrutiny.

    Preview

  3. This is a shit sandwich

    Text messages between Elon Musk and his bankers reveal the chaos behind the Twitter acquisition financing.

    Free

The Deposition

1 file

  1. The 'Funding Secured' Deposition: Musk v. the SEC

    Elon Musk's sworn deposition testimony in the SEC's lawsuit over his 'funding secured' tweet, as told through the court transcript.

    Free

Final Hours

2 files

  1. The SVB Collapse: 48 Hours That Broke a Bank

    Internal communications and congressional testimony from the March 2023 collapse of Silicon Valley Bank, the largest bank failure since 2008.

    Free

  2. We did not secretly transfer $10 billion

    Internal FTX and Alameda messages from the bankruptcy proceedings reveal the blurred lines between the exchange and the trading firm.

    Members