The move, which involves the Fenway Sports Group, raises questions about whether a deal to combine forces with Saudi Arabia’s sovereign fund is still necessary.
Category: Mergers, Acquisitions and Divestitures
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Amazon Scraps Deal to Buy Maker of Roomba Amid Regulatory Scrutiny
Amazon walked away from the $1.7 billion acquisition of iRobot as it faces questions from regulators in the European Union and United States.
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Private Equity Is Starting to Share With Workers, Without Taking a Financial Hit
The buyout giant KKR pioneered a model of granting ownership stakes to employees at portfolio companies. Now it wants the approach to spread.
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JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
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Edward E. Crutchfield, 82, Banker Whose Deals Reshaped the Industry, Dies
He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub.
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Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
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Sports Illustrated Thrown Into Chaos With Mass Layoffs
The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.
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Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
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Recreating a Nearly Defunct, but Long Admired, Watch Brand
As Breitling takes over Universal Genève, it reveals its strategy for making the brand successful again.
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Judge Blocks JetBlue From Acquiring Spirit Airlines
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.
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Shell to Sell Its Nigeria Oil Business for $1.3 Billion
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.