The merger has been delayed several times since it was announced in October 2021, but now faces a time crunch before a looming liquidation date.
Category: Mergers, Acquisitions and Divestitures
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Intel Acquisition of Tower Semiconductor Is Scuttled by China
Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.
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Herbert J. Siegel, Investor in Major Media Deals, Dies at 95
As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch.
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Tapestry and Capri Announce a Luxury Mega Merger
The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
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Paramount Agrees to Sell Simon & Schuster to KKR, a Private Equity Firm
The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer.
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The Risks Hidden in Public Pension Funds
Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.
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Bidding for Simon & Schuster Draws to a Close
The move to acquire the publisher, one of the five largest in the country, comes after the government blocked a deal last year on antitrust concerns.
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An American Energy Giant Sees Israel as a Springboard to Europe
Chevron finds itself with an abundance of natural gas on Europe’s doorstep. Amid competing regional interests, the question is how to develop it.
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PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over
Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year.
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Altice USA Said to Be Considering a Sale of Cheddar News
The cable company acquired the network, once billed as “CNBC for millennials,” in 2019 for $200 million.
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Biden’s Antitrust Team Isn’t Backing Down From a Fight
Newly released guidelines for mergers show that despite legal setbacks, top competition officials intend to keep scrutinizing takeovers and technology giants.