Adobe will pay a $1 billion breakup fee to the design software maker, amid greater antitrust scrutiny of mergers.
Category: Mergers, Acquisitions and Divestitures
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U.S. Steel Bought by Japanese Rival, Ending Long Takeover Saga
The $14.1 billion deal comes after months of uncertainty about the future of the century-old steel maker.
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Gene-Sequencing Company Illumina to Sell Cancer Test Developer
The move came two days after a court upheld the Federal Trade Commission’s challenge to the deal on antitrust grounds.
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Mother Jones to Merge With the Center for Investigative Reporting
The combined newsroom will have more than 70 people.
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Punchbowl News Strikes Deal to Buy Data Start-Up
The congressional news start-up is doubling down on information for its audience of Capitol Hill obsessives.
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Occidental Is Latest Oil Company to Buy a Smaller Producer
The oil company said it would buy CrownRock, a smaller producer, for $12 billion just weeks after Exxon Mobil and Chevron announced acquisitions.
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Investor Group Is Said to Offer $5.8 Billion for Macy’s
Department stores have been a frequent target of takeover attempts by investors looking to take advantage of prime real estate.
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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.