The deal values all of Axel Springer at roughly $15 billion, with the company’s publishing assets worth about $4 billion.
Category: Mergers, Acquisitions and Divestitures
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TelevisaUnivision Considers Replacing CEO Wade Davis
Wade Davis led an acquisition of Univision in 2020, buying out a consortium of private-equity owners.
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Alaska Airlines Chief Plans More Routes After a Deal With Hawaiian
The airline’s chief executive, Ben Minicucci, said in an interview that closing its acquisition of Hawaiian Airlines would allow it to expand, including on international routes.
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U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security
David Burritt expressed confidence that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
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Alaska Airlines Can Merge With Hawaiian Airlines, U.S. Says
The airlines agreed to maintain some routes and meet other conditions to secure the Transportation Department’s approval of their merger.
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The Guardian in Talks to Sell The Observer to Tortoise Media
The Observer, first published in 1791, could be bought by Tortoise Media, an outlet founded by a British media veteran that began publishing in 2019.
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Banking Deal Oversight Expected to Get a Major Revamp
The F.D.I.C. and the Justice Department are likely to change how they evaluate mergers and acquisitions in the banking industry.
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TikTok Faces Tough Questions From Judges in Fight Over U.S. Ban
TikTok on Monday pushed back against a law that would force the popular video app to sell to a non-Chinese owner or be banned, in what is shaping up to be a landmark case.
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TikTok Faces Tough Questions From Judges in Fight Over U.S. Ban
TikTok on Monday pushed back against a law that would force the popular video app to sell to a non-Chinese owner or be banned, in what is shaping up to be a landmark case.
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Biden Administration Is Likely to Delay Decision Over U.S. Steel
The White House has faced backlash for politicizing its review of Nippon Steel’s takeover of the company.