In exchange for the sale to Archer Aviation, which is developing a piloted electric aircraft, Boeing will receive a 16.5 percent stake in Archer.
Category: Mergers, Acquisitions and Divestitures
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Boeing to Sell 3 Autonomous Flight Subsidiaries
The New York Times – Business: -
FIFA Executives Were Given Ultimatum to Approve World Cup Privatization Plan
The New York Times – Business:The day before the World Cup final, key FIFA figures faced a stunning demand to sign off on a multibillion-dollar privatization project.
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Judge Sets Paramount-Warner Bros. Merger Trial for March
The New York Times – Business:Paramount, which struck a $111 billion deal to acquire Warner Bros., had requested a November trial for an antitrust lawsuit brought by state attorneys general.
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David Ellison: In Defense of the Paramount-Warner Deal
The New York Times – On the Runway:The issue is whether I can be trusted as a steward of CNN.
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The Fight Over the World’s Oldest Bank
The New York Times – Business:Founded in 1472, Banca Monte dei Paschi di Siena has survived wars, pandemics and scandals. But a hostile takeover bid has Tuscans on edge.
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Leopold Aschenbrenner Built a Hot A.I. Hedge Fund. Then it Melted Down.
The New York Times – Business:Situational Awareness, led by a 24-year-old, exploded onto the artificial intelligence scene — and then nose-dived.
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Companies Rush to Close Daring Deals Under Trump
The New York Times – Business:Companies are seizing on what many say is perhaps the most favorable regulatory environment for businesses in years.
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Hollywood Foreign Press Association Sues Over Takeover of Golden Globes
The New York Times – Business:The press association, which owned and operated the awards show until 2023, is suing its new owner, Penske Media, claiming its purchase was fraudulent.
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Comcast Adds Heft With Sky’s Deal for British Broadcaster ITV
The New York Times – Business:The $2.1 billion purchase would combine two major British media outlets and help the Comcast-owned Sky compete with streaming giants.
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Chanel Is Buying Charvet, the World’s Oldest Shirt Maker
The New York Times – Business:The French luxury group is acquiring Charvet, a Parisian brand that dates to the 1830s, in a bid to add some men’s wear savoir-faire to its portfolio.
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Comcast, NBCUniversal Split Drives Deal-Making Speculation
The New York Times – Business:Almost as soon as the two companies announced a split, analysts rushed to consider potential merger and acquisition targets for each.
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Could Comcast and NBCUniversal Do Deals After They Break Up?
The New York Times – Business:Comcast said it plans to spin off its big media division from its core broadband operations. That could lead to some big-ticket deal-making.