The technology giant had accused the British mogul, who died last year when his yacht sank, of fraud in the sale of his company in 2011.
Category: Mergers, Acquisitions and Divestitures
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Wall Street Wants to Make Private Markets a Little More Public
As value grows in private markets, fund managers, brokerage houses, and savvy start-ups are building products that aim to expand access to them.
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Chevron Wins Green Light to Buy Into One of World’s Hottest Oil Projects
An arbitrator cleared the way for Chevron to buy Hess, allowing the energy giant to acquire a piece of one of the most promising oil projects in the world.
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Wall St. Firms Are Buying Utilities to Tap Into the A.I. Boom
Consumer groups say proposals by BlackRock and Blackstone to buy energy companies in Minnesota, New Mexico and Texas could hurt residents.
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Canadian Retailer Couche-Tard Abandons Its $47 Billion Bid to Buy 7-Eleven
Alimentation Couche-Tard’s $47 billion bid spurred changes at the chain’s Japanese owner. Now, the question is whether that momentum will carry forward.
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Cognition AI Buys Windsurf as A.I. Frenzy Escalates
The deal follows Google’s $2.4 billion investment in Windsurf, an A.I. start-up, as companies race to gain technological talent and provide A.I. tools.
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‘Superman’ Helps Save Warner Bros., Too
The film took in $217 million this weekend and is the latest part of a startling turnaround for the studio, which has now released five consecutive hits.
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Google Hires Top A.I. Leaders From Windsurf, Which OpenAI Was Courting
In a $2.4 billion deal, Google recruited the chief executive and a co-founder of Windsurf, which OpenAI had been in talks to buy, as the battle to dominate artificial intelligence escalates.
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The F.C.C. Is Pressuring Companies to Drop D.E.I. It’s Succeeding, Too.
T-Mobile, seeking federal approval for two deals, is the latest company to drop its diversity programs amid scrutiny by the Federal Communications Commission.
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Skydance in Early Talks to Acquire Bari Weiss’s Free Press
David Ellison, the founder of Skydance, and Bari Weiss, the co-founder of The Free Press, are attending the annual Allen & Co. conference in Sun Valley this week.
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WK Kellogg To be Bought for $3.1 Billion by Italy’s Ferrero
The $3.1 billion acquisition would combine Ferrero, which makes Tic Tacs and Nutella, with the producer of Frosted Flakes and Froot Loops.
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Dispute Over Golden Globes Heats Up
The Hollywood Foreign Press Association, which ran the awards show until a couple of years ago, has voted to investigate the deal that sold the event to a joint venture.