China’s commerce ministry publicly rebuked the Biden administration’s efforts to push TikTok’s Chinese ownership to sell the app or face a possible ban in the United States.
Category: Mergers, Acquisitions and Divestitures
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First Republic Plans to Raise Cash by Selling Shares Privately
After a bailout from the biggest banks, the ailing midsize lender is searching for more help to shore up its finances and soothe the fears of investors and depositors.
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The Cure Says Ticketmaster Will Issue Refunds After Fee Complaints
The band said it wanted to make its North American tour “affordable for all,” but after tickets went on sale this week, fans said that fees had ratcheted up the price.
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T-Mobile to Buy Ryan Reynolds’ Mint Mobile
Mint Mobile, which launched in 2016, is known as a cheaper alternative to expensive mobile plans. The actor Ryan Reynolds purchased an ownership stake in the company in 2019.
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Richard Rosenberg, Who Rejuvenated Bank of America, Dies at 92
As chief executive and chairman in the 1990s, he helped turn the bank into the nation’s second-largest through a series of acquisitions.
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U.S. Approves a Merger Between Two Big North American Railroads
Canadian Pacific’s acquisition of Kansas City Southern will create a railroad that links Canada, the United States and Mexico.
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Third Black-Owned Company Emerges as Suitor for BET
Black Entertainment Television made the first Black billionaire in the United States. Will a Black executive buy it back?
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Justice Department Sues to Block JetBlue’s Acquisition of Spirit
Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.
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CVC Capital Partners Will Invest $150 Million in WTA
CVC Capital Partners, the former owner of Formula 1, will take a 20 percent stake in a commercial subsidiary as the tour seeks to expand its marketing of events and players and increase prize money.