Category: Mergers, Acquisitions and Divestitures

Chevron’s $53 Billion Oil Deal Is Backed by Hess Shareholders

Hurdles remain as Chevron and Exxon Mobil wage a legal battle over Hess’s stake in a lucrative oil project in Guyana.
Adam Neumann Gives Up on Buying Back WeWork

The co-founder of the shared-office company, who stepped down under pressure before the firm went bankrupt, announced an audacious takeover bid earlier this year.
Stanley Goldstein, Who Helped Make CVS a Pharmacy Giant, Dies at 89

The small chain that he, a brother and a third partner opened in 1963 had become the nation’s largest by the time he retired as its chief executive three decades later.
The Emails at the Heart of the Government’s Ticketmaster Case

Live Nation Entertainment, which owns Ticketmaster, is accused of violating antitrust laws. The Justice Department drew on the concert behemoth’s internal communications in its lawsuit.
China Has a Plan for Its Housing Crisis. Here’s Why It’s Not Enough.

A new approach by China’s top leaders is bold but pales against the problem: a vast number of empty apartments no one wants to buy.
U.S. Sues to Break Up Ticketmaster Owner, Live Nation

Accused of violating antitrust laws, Live Nation Entertainment faces a fight that could reshape the multibillion-dollar live music industry.
Donald Trump’s Wealth Now Hinges on Trump Media

Mr. Trump has treated Trump Media, which runs his social network Truth Social, as a low-cost sideshow. Now a big portion of his wealth hinges on its success.
Sony and Apollo Take Key Step in Bid for Paramount’s Assets

The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.
Frank McCourt Starts Effort to Buy TikTok

Mr. McCourt, a longtime critic of the way tech companies use data, sees acquiring TikTok as a chance to create an “alternative to the current internet.”
TikTok Creators Sue to Block U.S. Law Requiring Sale or Ban

The group, whose legal fees are being paid for by the company, said a ban of the app would violate their First Amendment rights.
The ‘Betches’ Got Rich. So What’s Next?

The women’s media company, which started as a raunchy college blog, is a rare financial success story — and on the White House’s radar. Now, it’s wrestling with how to grow up alongside its readers.
Financier Found Guilty in Trump Media Insider Trading Trial

Bruce Garelick was convicted of securities fraud for leaking confidential information about a merger involving the parent company of Truth Social, Donald Trump’s social media site.