Despite once being valued at $4 billion, the company that made sneakers from Merino wool struggled to capture a wide customer base and turn a profit.
Category: Mergers, Acquisitions and Divestitures
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Allbirds, Once Silicon Valley’s Favorite Shoe, Sells for $39 Million
The New York Times – Business: -
Eli Lilly Will Buy a Narcolepsy Drug Developer for $6.3 Billion
The New York Times – Business:Eli Lilly plans to acquire Centessa Pharmaceuticals, which has been conducting a midstage clinical trial of its lead drug.
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McCormick to Combine With Unilever Food Unit to Create a Spice Giant
The New York Times – Business:The deal ends Unilever’s time in the food industry and will create a multibillion-dollar group under the McCormick name.
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Versant, Owner of MS NOW, in Talks to Acquire Vox Media’s Podcast Division
The New York Times – Business:Versant, the parent company of CNBC and MS NOW, is looking to continue expanding its business beyond cable TV.
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U.S. Accuses NewYork-Presbyterian of Reaching Deals That Kept Costs High
The New York Times – Business:The Justice Department sued the large New York health system, saying it restricted insurance companies from offering patients cheaper options.
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Shield AI, a Start-Up Making Military Drones, Raises $2 Billion
The New York Times – Business:The company, which develops autonomous military technology, also plans to buy a maker of simulation software as interest in next-generation defense soars.
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Warren Requests Information From MrBeast About Crypto and Children
The New York Times – Business:The world’s most popular YouTube celebrity, who markets to children and has bragged about crypto trades, is getting into banking. Senator Elizabeth Warren has concerns.
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F.C.C. Approves Nexstar’s Acquisition of a Local TV Rival
The New York Times – Business:The $6.2 billion deal with Tegna consolidates 265 stations in 44 states and Washington, D.C.
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TikTok Investors Set to Pay $10 Billion Fee to Trump Administration
The New York Times – Business:The large fee is the latest example of the White House’s inserting itself into corporate deal making in unusual and aggressive ways.
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Justice Department and Live Nation Reach Settlement Terms in Antitrust Case
The New York Times – Business:The agreement, which requires a judicial sign-off, would avoid a breakup of the concert giant. But states who joined the suit object to the terms.
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Antitrust Trial to Challenge Live Nation’s Grip on the Music Industry
The New York Times – Business:A jury will decide whether the music colossus, which owns venues, represents artists and operates Ticketmaster, is a monopoly, as the Justice Department contends.