Category: Mergers, Acquisitions and Divestitures

Aesop, a Skin Care Company, Will Be Acquired by L’Oréal

L’Oréal, the French cosmetics giant, said it would help Aesop, an Australian luxury brand with a cult following, expand in China.
In K-Pop’s Quest for Global Growth, Korean Fans Feel Cast Aside

A bidding war for a K-pop label — a deal with global ramifications for the genre — has left listeners in its home market questioning their relevance.
WWE Acquired by UFC Owner Endeavor to Form Fighting Heavyweight

The new company, with the stock ticker “TKO,” is betting that the value of rights for live events like wrestling will continue to soar.
Endeavor and W.W.E. Said to Be Close to Deal Combining Fighting Leagues

A union of Endeavor’s U.F.C. combat league and World Wrestling Entertainment would increase the combined company’s leverage in negotiations with content distributors.
SPAC Tied to Trump Media Rushes to Complete Deal

The merger of Digital World and Trump Media has been held up by investigations, but executives are rushing to complete the deal by a Sept. 8 deadline.
Elon Musk Values Twitter at $20 Billion

The billionaire bought the social media company for $44 billion in October and took it private.
China Says It Will ‘Firmly Oppose’ Forced Sale of TikTok

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.
Pulling the Plug on TikTok Will Be Harder Than It Looks

The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.
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.
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.
Finding a Buyer for TikTok May Not Be So Easy

The Biden administration is pushing TikTok’s Chinese owners to sell the app or face a possible ban. But there are many complications to finding a suitor.
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.