The online marketplace called the cash-and-stock proposal “neither credible nor attractive.”
Category: Mergers, Acquisitions and Divestitures
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EBay Rejects GameStop’s $55 Billion Takeover Bid
The New York Times – Business: -
Byron Allen to Buy a Controlling Stake in BuzzFeed
The New York Times – Business:Jonah Peretti, BuzzFeed’s co-founder, will step down as chief executive and serve as its president of A.I.
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For Struggling JetBlue, Spirit’s Demise May Offer an Opportunity
The New York Times – Business:JetBlue Airways is adding flights at Spirit Airlines’ former home airport as it tries to turn a profit again.
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Lawsuit Accuses Lucky Strike of Building a Bowling Monopoly
The New York Times – Business:The suit, filed by bowlers from several states, accuses Lucky Strike Entertainment of driving up prices and diminishing customers’ experiences across the country.
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GameStop’s CEO Ryan Cohen Baffles Fans With eBay Bid
The New York Times – Business:Investors questioned Ryan Cohen’s latest gambit after he gave an evasive CNBC interview and a once-loyal supporter sold his GameStop shares.
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GameStop Proposes Acquiring eBay for $55 Billion
The New York Times – Business:Analysts question the feasibility of this long-shot bid by the video game retailer to acquire the much larger online marketplace.
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Spirit Airlines, a Pioneer of Low-Fare Flights, Shuts Down
The New York Times – Business:Spirit once upended the industry by offering very low fares but was in its second bankruptcy in two years after years of struggle.
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Spirit Airlines Prepares to Shut Down
The New York Times – Business:The low-fare airline, which has struggled for years, had been trying to secure a $500 million lifeline from the Trump administration.
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United Airlines CEO, Rebuffed by American, Says He’s Skeptical of Other Deals
The New York Times – Business:The chief executive, Scott Kirby, said that buying a smaller airline might not be worth the effort.
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Deal Talks Between Pernod and Maker of Jack Daniel’s Falter
The New York Times – Business:The collapse of the talks could pave the way for another spirits company, Sazerac, to open negotiations with Brown-Forman.
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Budget Airlines Ask Trump Administration for Billions as Fuel Costs Rise
The New York Times – Business:A trade group for the airlines is seeking $2.5 billion to help offset the big jump in jet fuel costs since the start of U.S.-Israeli attacks against Iran.