In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”
Category: Mergers, Acquisitions and Divestitures
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Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says
Grail, which makes a blood test for cancer, said a vendor’s software issue caused inaccurate letters to be sent to about 400 customers last month.
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Jeff Zucker’s View From Outside CNN: He Could Do Better
It’s been more than a year since he was forced from the top job at the network. Since then, he has made no secret of his frustrations with his exit — or his low regard for the man who replaced him, Chris Licht.
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Former CNN Chief Jeff Zucker Has a New Job at RedBird IMI. What Is It?
Mr. Zucker is C.E.O. of a $1 billion investment venture backed by RedBird Capital Partners and International Media Investments, an Emirati firm.
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May Jobs Report May Yield Clues for Fed’s Next Rates Move
With the fight over the debt ceiling resolved, investors are turning to other concerns, including inflation and interest rates.
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JetBlue-American Partnership Struck Down by Federal Judge
An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.
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Sam Zell, 81, Tycoon Whose Big Newspaper Venture Went Bust, Dies
With a fortune made in real estate, he went into the media business in a landmark leveraged buyout of the Tribune Company in 2007. Bankruptcy ensued.
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U.S. Sues to Block Amgen’s $27.8 Billion Takeover of Horizon Therapeutics
The Federal Trade Commission said the deal would enable Amgen to “entrench” the monopoly positions of two Horizon drugs that lack competition.
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Vice Media Files for Bankruptcy
Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.
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Dan Snyder to Proceed With Sale of Washington Commanders to Josh Harris
The embattled N.F.L. owner had reached a $6 billion deal in April with a group led by Harris but continued to seek higher bids. The franchise’s sale could be approved by the league at the end of this month.
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Corporate Giants Buy Up Primary Care Practices at Rapid Pace
Large health insurers and other companies are especially keen on doctors’ groups that care for patients in private Medicare plans.