Category: Mergers, Acquisitions and Divestitures

Divvy Homes, Once Valued at $2 Billion, Is in Talks to be Sold for Parts

The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans.
What We Know About the TikTok Ban

The popular video app went dark in the United States late Saturday and then came back around noon on Sunday, even as a law banning it took effect.
What We Know About the TikTok Ban and if It May Be Lifted

The popular video app went dark in the United States late Saturday, as a law banning it took effect. Now, the company is hoping President-elect Donald J. Trump can bring it back.
How TikTok Evaded a Ban Again and Again, Until Now

After a decisive loss at the Supreme Court, the app is set to be blocked in the U.S. starting Sunday, ending its streak of Houdini-like escapes.
U.S. Ban of TikTok Is Set to Deal a Major Blow to ByteDance, Its Chinese Owner

While TikTok remains hugely popular in Brazil, Indonesia and other markets, its 170 million users in the United States are its most valuable.
TikTok Makes Last-Minute Push as Supreme Court Is Poised to Rule on Ban

With the court signaling it will release a decision on Friday, lobbyists for the app pushed lawmakers to shift course.
S.E.C. Sues Elon Musk Over Twitter-Related Securities Violations

Regulators filed a lawsuit in federal court stemming from Mr. Musk’s $44 billion purchase of the social media company now called X.
U.S. Oil Production Is Booming. Oil Jobs Are Not.

The industry is pumping ever more oil and natural gas, but it is doing so with only about three-quarters as many workers as it employed a decade ago.
Is Beijing Plotting a Musk Option for TikTok?

As the popular video app faces a ban in the United States, Chinese officials are said to be weighing options to save it — including a sale to the tech mogul.
Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel

The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.
Constellation Energy to Buy Power Producer Calpine

Constellation Energy’s deal to buy Calpine is being driven by fast-rising demand for electricity by the technology industry.
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.