Tag: Ownership changes
Pershing Square SPAC exits Universal Music deal
Billionaire Bill Ackman is walking away from a deal announced last month that would have given him a 10% stake in Universal Music Group,...
Zoom buying Five9 in $14.7B all-stock transaction
Zoom, the videoconferencing company whose growth was supercharged by the pandemic over the past year, will buy the cloud contact center provider Five9 in...
Lordstown Motors receives two subpoenas
LORDSTOWN, Ohio — Lordstown Motors, an Ohio company under scrutiny over the number of orders it claimed it had for the electric trucks that...
Bally’s Corp. buys AVP beach volleyball tour
Bally’s Corp. on Tuesday acquired the Association of Volleyball Professionals, the top American beach volleyball tour, and said it plans to broadcast AVP content...
US regulators criticize Buffett’s failed $1.3B pipeline deal
OMAHA, Neb. — Federal regulators say Berkshire Hathaway's $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this...
Musk under fire again: CEO to testify over Tesla acquisition
In the runup to Tesla Inc.'s 2016 acquisition of a company called SolarCity, Elon Musk hailed the deal as a “no brainer" — a...
Nordstrom buys minority share in 4 UK fashion brands
NEW YORK — Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department...
Founding family of UK’s Daily Mail mulls taking it private
LONDON — The founding family of Britain’s Daily Mail is considering making a bid worth 810 million pounds ($1.1 billion) to bring the parent...
Norway’s Telenor sells Myanmar operations to M1 Group
BANGKOK — The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations...
Bidding war speculation gives UK’s Morrisons shares a boost
LONDON — Shares in British supermarket chain Morrisons spiked by 11% on Monday as investors priced in the possibility of a bidding war for...