Department stores have been a frequent target of takeover attempts by investors looking to take advantage of prime real estate.
Category: Mergers, Acquisitions and Divestitures
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Shari Redstone Is Said to Be in Talks to Sell Her Stake in Media Empire
Ms. Redstone waged a bitter battle for control of National Amusements, the parent company of MTV, CBS and the Paramount movie studio. Now, she’s considering a sale.
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Yellow Rejects a Bid to Restart Trucking Company
In a letter, Yellow’s management said an effort to buy the company and revive its operations by an executive from a different trucking firm was “not viable.”
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Alaska Airlines Plans to Buy Hawaiian Airlines
The deal, valued at $1.9 billion, is likely to face close scrutiny by federal antitrust regulators.
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U.K. Opens Inquiry Into Jeff Zucker’s Emirati-Backed Bid for The Telegraph
British regulators announced a review into whether the bid, backed mostly by funds from the United Arab Emirates, could result in adverse foreign influence over the British press.
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Ample Hills Creamery Founders Fail in Second Try
A Brooklyn couple aimed to revive their ice cream company after it collapsed. Now their new investors have fired them.
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Jezebel to Be Resurrected by Paste Magazine
The pioneering feminist website is being sold to Paste by G/O Media, which had shut down the site this month.
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Music Licensing Giant BMI Sells to Private Equity Firm
Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.
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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’
The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.
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Six Flags Merges With Cedar Fair, a Rival Amusement Park
The deal would generate more than $3 billion in revenue for the companies, they projected in a statement. The merger comes after years of financial challenges for Six Flags.