The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.
Category: Mergers, Acquisitions and Divestitures
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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.
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Why a Warner Bros.-Paramount Does (and Doesn’t) Makes Sense
A potential merger could bolster their streaming businesses and negotiating power with cable operators. But their crushing debt load could be a turn-off.
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Choice Hotel Franchise Owners Push Back on Merger With Wyndham
Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector.
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Warner Bros. Discovery in Talks to Merge With Paramount
The talks, which are said to be in the early stages, add Warner Bros. Discovery to the list of companies pursuing a possible deal with Paramount.
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Lawmakers Criticize the U.S. Steel Deal Over National Security
Democrats and Republicans alike are questioning the wisdom of allowing an American industrial icon to fall into foreign hands.