Category: Mergers, Acquisitions and Divestitures

Capital One Deal for Discover Clears Justice Dept. Hurdle

The department, during the Biden administration, initially said it had concerns about the merger of two of the largest credit card companies in the U.S.
Amazon Said to Make a Bid to Buy TikTok in the U.S.

The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks. TikTok faces a Saturday deadline to change its ownership structure.
How Trump Could Make Larry Ellison the Next Media Mogul

The co-founder of Oracle and friend of President Trump, who was a flamboyant fixture in the 1990s, has returned to the spotlight through — of all things — TikTok.
Trump Set to Meet With Top Aides to Decide TikTok’s Fate

They are expected to convene on Wednesday to discuss a potential sale of the app, which faces a Saturday deadline to change its ownership structure.
Chinese Auto Giants Dongfeng and Changan Are in Talks to Merge

The state-owned automakers, longtime joint venture partners of Ford and Nissan, might combine operations as Beijing consolidates its sprawling car sector.
Elon Musk Says He Has Sold X to His A.I. Start-Up xAI

The deal combined two of Mr. Musk’s companies, which have been on different trajectories. The transaction valued xAI at $80 billion and X at $30 billion, the billionaire said.
Blackstone Considers Small Investment in TikTok

The private equity giant is considering investing as the video app works to follow a law that requires it to separate from its Chinese owner, ByteDance, by next week.
Charlie Javice Found Guilty of Defrauding JPMorgan in $175 Million Acquisition

Federal prosecutors convinced a jury that Ms. Javice faked much of her customer list before selling her start-up, Frank, to the bank.
Dollar Tree Is Selling Family Dollar for $1 Billion

Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.
TikTok Ads Portray App as Force for Good as US Ban Looms

The popular video app, which could be banned in the United States next month if it is not sold to a non-Chinese owner, is portraying itself as a savior of Americans and a champion of small businesses in a new campaign.
Robert Denham, Lawyer Who Steered Companies Through Crises, Dies at 79

Among his rescues was teaming up with Warren Buffett to keep the investment bank Salomon Brothers afloat amid a bid-rigging scandal in the 1990s.
Ben & Jerry’s Accuses Unilever of Firing Its C.E.O. for Political Reasons

Ben & Jerry’s said in a court filing that its parent company had ousted its chief executive, David Stever, without approval from the ice cream maker’s board.