David D. Smith bought the newspaper and its sister publications in a private deal with Alden Global Capital, their owner since 2021.
Category: Mergers, Acquisitions and Divestitures
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BlackRock to Buy Global Infrastructure Partners for $12.5 Billion
The Wall Street giant agreed to buy Global Infrastructure Partners, whose assets include airports and oil pipelines, in its biggest takeover in 15 years.
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Chesapeake Energy and Southwestern Energy Announce Merger
The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States.
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JetBlue Chief Executive to Step Down
Robin Hayes described the decision to retire as “bittersweet,” and suggested that unspecified health concerns had driven it.
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Jeff Zucker’s Latest Bet: Prestige TV
The former CNN president will return to Hollywood by investing in the studio behind streaming hits like “The Morning Show” on Apple TV+.
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Xerox to Cut 15% of Its Work Force in the First Quarter of 2024
The move is the printer maker’s latest as it tries to shift more toward its business services offerings.
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PGA Tour and Saudi-Backed LIV Extend Deadline to Finalize Deal
The tentative deal for the men’s golf circuits to join forces had a Dec. 31 deadline, but significant questions remained.
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2024 M&A Outlook After a Rough Year for Deal Makers
Next year’s biggest headwinds for deal making will be “geopolitics, geopolitics and geopolitics,” says Viswas Raghavan, the co-head of global investment banking at JPMorgan Chase.
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Serious Medical Errors Rose After Private Equity Firms Bought Hospitals
A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.
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Bristol Myers to Acquire the Drugmaker Karuna for $14 Billion
The deal is a bet on the growing market for psychiatric and neurological drugs.
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Why Is Shari Redstone, Ruler of a Vast Media Kingdom, Weighing a Sale?
She fought to keep control of her family’s media empire. Now she’s considering an exit as financial pressures mount.