The lawsuit targeted Wachtell, Lipton, Rosen & Katz, a well-known Wall Street law firm, for “unjust enrichment” related to Mr. Musk’s $44 billion purchase of Twitter.
Category: Mergers, Acquisitions and Divestitures
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LIV Golf Resists Senate Request for Greg Norman’s Testimony on Saudi Deal
Less than two weeks before a planned hearing about a transaction that could reshape golf, lawmakers are struggling to assemble a witness list.
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National Geographic Lays Off More Writers
The company did not specify how many were shed and said that the magazine, known for its focus on discovery and exploration, would continue to be published on a monthly basis.
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Microsoft and Activision Chiefs Testify Merger Will Benefit Consumers
In federal court, Satya Nadella and Bobby Kotick opposed an attempt by the F.T.C. to delay Microsoft’s $70 billion acquisition of a video game giant.
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Overstock Buys Intellectual Property to Rename as Bed Bath & Beyond
The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store.
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PGA Tour Board Meets To Discuss Merger With Saudi-Backed LIV Golf
The 11-member board did not vote on the surprise pact, whose most significant details are still being negotiated.
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How the PGA Tour and Liv Golf Merger Could Collapse
The tentative agreement has been the talk of golf, but there is no guarantee the pact that aims to bring the tour and LIV Golf under one umbrella will overcome every threat.
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Ryan Reynolds Invests in Alpine F1 Team
The actor Ryan Reynolds, the private equity firm RedBird Capital and Otro Capital are among the investors taking a stake in Renault’s Alpine team.
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Deal for Formula 1 Team Reflects Growing U.S. Interest in the Sport
The actor Ryan Reynolds and the private equity firm RedBird Capital are among the investors taking a stake in Renault’s Alpine team.
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Washington Spirit’s Michele Kang Wants to Take Women’s Soccer Clubs Global
With the rapid rise of women’s soccer, Y. Michele Kang, the owner of the Washington Spirit, is in the vanguard of transforming ownership and management worldwide.