Consumer groups say proposals by BlackRock and Blackstone to buy energy companies in Minnesota, New Mexico and Texas could hurt residents.
Category: Mergers, Acquisitions and Divestitures
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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.
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G/O Media Sells Kotaku as It Winds Down Operations
With the sale of the video game site Kotaku to the European publisher Keleops, all but one website remains at G/O Media, which is shutting down.
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Saks Is at a Crossroads, Facing Creditor and Vendor Unease
The luxury retailer made an initial payment to bondholders on time, but six months after it acquired Neiman Marcus concerns about its finances remain.
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BP, Once a Hunter in the Oil Industry, Is Now Prey. What Went Wrong?
The energy giant has been weakened by years of mishaps and poor decisions, leading to rumors of a takeover that may not subside.