Category: Mergers, Acquisitions and Divestitures

Howard Lutnick, the Pierre Hotel and Claims of a Secret Plan

Some residents of the Pierre claim that Howard Lutnick, who owns the penthouse, was part of a plot to sell off this symbol of Manhattan glamour and wealth.
How Wall Street’s Big Bets on A.I. Are Driving Interest in Huge Parking Lots

J.P. Morgan, Blackstone and other financial giants are buying “industrial outdoor storage,” sites vital to logistics, trade and the construction of data centers.
U.S.-China Deal to Avert TikTok Ban May be Close, Trump Official Says

Trump administration officials say they have the framework of a deal to save the popular video app. It had until Sept. 17 to be sold by its Chinese owner, ByteDance, or face a ban in the United States.
Company That Bought Publishers Clearing House Won’t Pay Past Prize Winners

The announcement by ARB Interactive, which bought the company out of bankruptcy protection for $7.1 million in July, cast doubt on how much more money past winners will receive.
David Ellison’s Spending at Paramount Has Changed Hollywood’s Mood

David Ellison has gotten off to a fast start as the owner of Paramount, at least when it comes to buying things.
Air Mail, a Digital Weekly, Is Expected to Be Acquired by Puck

Graydon Carter, a former editor of Vanity Fair, had been shopping around his media start-up for a year.
Paramount Plans Bid for Warner Bros. Discovery

Any deal would further reshape the media industry, putting CBS News, CNN, and two major movie studios under the same corporate umbrella.
CBS News Weighs Major Role for Bari Weiss as Part of Deal to Buy The Free Press

The talks with Ms. Weiss, a founder of The Free Press, are the strongest sign yet that the new owner of CBS News intends to make major changes.
Anglo American and Teck Resources to Merge, Forming a Copper Giant

The deal, billed as a merger of equals, comes amid a surge in demand for copper, a crucial component in technology, from data centers to electric vehicles.
Is America Ready for Japanese-Style 7-Elevens?

Stephen Dacus, head of the chain’s parent company, aims to export its success in Japan, with signature offerings like fresh prepared food.
The Murdoch Succession Fight Is Over. So What Does Lachlan Control?

From Fox News to Tubi to HarperCollins, here’s what is in the media empire that Rupert Murdoch built.
Raid on Georgia E.V. Battery Plant Raises New Risks for a Shaken Industry

Foreign manufacturers were already dealing with tariffs and the end of E.V. tax credits. Now, they face greater scrutiny of their workers’ immigration status.