The law will ban the video app in the United States by Jan. 19 if its owner, ByteDance, does not sell it to a non-Chinese company.
Category: Mergers, Acquisitions and Divestitures
Substack’s Bet on Politics Newsletters Leads to Subscriber Growth
The newsletter start-up, which once drew an overture from Elon Musk, is betting on politics content and recruiting stars. But profits remain elusive.
How Intel Got Left Behind in the A.I. Chip Boom
Intel was for decades Silicon Valley’s dominant chip company. But missed opportunities and poor execution left it on the sidelines in tech’s latest gold rush.
Profits Leap at Goldman Sachs as Banks See Steady Economy
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
What Trump Selling His Trump Media Shares Could Mean for Stakeholders
A lockup provision has kept him from being able to sell Trump Media shares. With that prohibition about to expire, the price is down more than 70 percent from its peak.
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Edgar Bronfman Jr. Drops Pursuit of Paramount
Mr. Bronfman had frantically put a bid together over the last week even as Paramount raised questions about his financing.
How Microsoft’s Satya Nadella Became Tech’s Steely Eyed A.I. Gambler
Microsoft’s all-in moment on artificial intelligence has been defined by billions in spending and a C.E.O. counting on technology with huge potential and huge risks.
How Beautycounter Fell Apart, Sinking Almost $700 Million With It
When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.