Leslie Wexner, the billionaire behind Victoria’s Secret, is in discussions to step aside as chief executive officer of his retail empire and is exploring strategic alternatives for the lingerie brand, according to people familiar with the matter.

The discussions are ongoing and could result in a full or partial sale of Victoria’s Secret, some of the people said. The chain, with about $7 billion in annual sales, has long dominated the U.S. lingerie market but has struggled in recent years with falling sales. The company is...

Private-equity firm Platinum Equity has sought to recruit CBS chief Joe Ianniello to front its bid to acquire Univision Communications Inc., according to people familiar with the matter, a move that would bring an experienced media executive to the helm of the Spanish-language broadcaster.

Mr. Ianniello, who currently oversees CBS-branded assets at ViacomCBS Inc., hasn’t yet decided whether to join Platinum’s bid and is...

Penn National Gaming Inc. has agreed to buy a stake in Barstool Sports Inc. for $163 million, according to people familiar with the matter, a deal that positions the casino operator to compete in the growing U.S. sports-betting market.

Penn National plans to take a 36% stake in Barstool Sports, which produces blogs, podcasts, social media and live events, the people said. The deal, to be announced Wednesday, would give Penn National exclusive rights to use the Barstool brand in its sports-betting products. Penn National would...

Xerox Holdings Corp. is preparing to nominate as many as 11 directors to HP Inc.’s board, according to people familiar with matter, in an aggressive move to push a $33 billion unsolicited takeover bid for the maker of computers and printers.

Xerox in recent weeks bought a small HP stake, which gives it the right to nominate directors for elections to be held at the company’s annual meeting this summer, the people said. The deadline for nominations to HP’s 11-person board is Friday. Xerox could still decide to not follow...

Spotify Technology SA is in talks to buy sports and pop-culture outlet the Ringer, according to people familiar with the matter, a deal that would let the audiostreaming giant break into broader digital media and bring a network of more than 30 podcasts under its roof.

Discussions are early, these people cautioned, and may not result in a deal.

Spotify,...

Visa Inc. is nearing a deal to buy privately held financial-technology firm Plaid Inc., according to people familiar with the matter.

A deal between the companies could be announced this week, the people said, though it is still possible talks could fall through. Details of the expected transaction including the price couldn’t be learned, but Plaid was valued at roughly $2.65 billion in a 2018 funding round.

Plaid’s...

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Albertsons Cos. is preparing to go public again, said people familiar with the matter, as the grocery giant’s backers look to tap into a strong stock market to cash out of an investment that dates back nearly 15 years.

The company, which also owns the Safeway and Jewel-Osco chains, expects to decide in coming weeks whether to proceed with an initial public offering that could value it around $19 billion, one of the people said. Albertsons has been updating IPO documents that have been filed confidentially with the Securities...

Casper Sleep Inc. hopes it can wake the IPO market from its slumber.

On Friday, Casper became the first banner-name startup to file for an initial public offering in 2020, setting itself up as a potential bellwether for companies aiming to begin trading this year. But the mattress-in-a-box company’s filing also revealed heavy losses to go along with sharp revenue growth, a mix that has drawn ire from public investors recently.

Casper...

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