Eli Lilly plans to acquire Centessa Pharmaceuticals, which has been conducting a midstage clinical trial of its lead drug.
Category: Mergers, Acquisitions and Divestitures
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McCormick to Combine With Unilever Food Unit to Create a Spice Giant
The deal ends Unilever’s time in the food industry and will create a multibillion-dollar group under the McCormick name.
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Versant, Owner of MS NOW, in Talks to Acquire Vox Media’s Podcast Division
Versant, the parent company of CNBC and MS NOW, is looking to continue expanding its business beyond cable TV.
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U.S. Accuses NewYork-Presbyterian of Reaching Deals That Kept Costs High
The Justice Department sued the large New York health system, saying it restricted insurance companies from offering patients cheaper options.
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Shield AI, a Start-Up Making Military Drones, Raises $2 Billion
The company, which develops autonomous military technology, also plans to buy a maker of simulation software as interest in next-generation defense soars.
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Warren Requests Information From MrBeast About Crypto and Children
The world’s most popular YouTube celebrity, who markets to children and has bragged about crypto trades, is getting into banking. Senator Elizabeth Warren has concerns.
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F.C.C. Approves Nexstar’s Acquisition of a Local TV Rival
The $6.2 billion deal with Tegna consolidates 265 stations in 44 states and Washington, D.C.
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TikTok Investors Set to Pay $10 Billion Fee to Trump Administration
The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.
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Justice Department and Live Nation Reach Settlement Terms in Antitrust Case
The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant. But states who joined the suit object to the terms.
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Antitrust Trial to Challenge Live Nation’s Grip on the Music Industry
A jury will decide whether the music colossus, which owns venues, represents artists and operates Ticketmaster, is a monopoly, as the Justice Department contends.
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Netflix Lost Warner. Maybe That’s a Good Thing.
It is entirely possible, analysts say, that Netflix will be better off by bailing from its $83 billion deal with Warner Bros. Discovery.