A bill to force TikTok’s sale in the United States has been criticized by Beijing but has not triggered a high-alert public response or retaliation.
Category: Mergers, Acquisitions and Divestitures
U.S. House Passes Bill That Could Ban TikTok
The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China.
JetBlue and Spirit Call Off Their Merger
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
FTC Sues to Block Kroger-Albertsons $24.6 Billion Grocery Store Merger
The regulator is trying to stop the largest supermarket merger in history, arguing that the deal would eliminate competition and raise prices for consumers.
Capital One Said to Be in Talks to Acquire Discover
The proposed deal would combine two of the largest credit card companies in the United States.
Adam Neumann Wants to Take Over WeWork
Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.
PGA Tour Raises $1.5 Billion From Group of U.S. Investors
The move, which involves the Fenway Sports Group, raises questions about whether a deal to combine forces with Saudi Arabia’s sovereign fund is still necessary.
Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.
How Elon Musk and Larry Page’s AI Debate Led to OpenAI and an Industry Boom
The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it. Then distrust fueled a spiraling competition.