The demand hardens the White House’s stance toward the popular video app, which is owned by the Chinese internet company ByteDance.
Category: Mergers, Acquisitions and Divestitures
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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.
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JetBlue Expects U.S. Move to Block Merger With Spirit
JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.
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Thomas H. Lee, a Pioneer in Leveraged Buyouts, Is Dead at 78
Born into wealth, he turned it into even greater wealth in founding a Boston firm and was remembered as a “kinder, gentler” corporate raider.
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Thomas Lee, Private Equity Pioneer, Is Dead at 78
The financier, who called himself Tomcat, was an early buyout enthusiast.
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JetBlue and Spirit Unions Split on Airlines’ Merger
Flight attendant unions at the two carriers are pushing in opposite directions as federal officials decide whether and on what terms to allow the deal.
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A Missed $140 Million Payment Sends Sports TV Negotiations Into Overdrive
The owners of the regional television channels branded as Bally Sports have nearly $9 billion in debt and owe hefty rights fees to M.L.B., N.B.A. and N.H.L. teams. Now, they’re all on the clock to find a solution.
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Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.