The president told reporters Friday that China’s top leader, Xi Jinping, had approved a deal for TikTok. But he also suggested the agreement was a work in progress.
Tag: Mergers, Acquisitions and Divestitures
Europe Wants to Banish Russian Gas. The U.S. May Have Other Plans.
A large Republican donor wants to buy a Russian pipeline to Germany. The White House has entertained the idea of working with the Kremlin to supply Russian gas to Europe.
Dollar Tree Is Selling Family Dollar for $1 Billion
Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.
Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
Standoff at Ukrainian Agency Disrupts Arms Contracts, Suppliers Say
Ukrainian defense companies say they cannot sign new contracts or receive payment — potentially jeopardizing future supplies to already struggling troops.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Biden Administration Extends Review Period for Nippon Takeover of U.S. Steel
U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
The Spectator Magazine Sold to Paul Marshall, a U.K. Hedge Fund Tycoon
Paul Marshall, a multimillionaire founder and investor in upstart conservative media outlets, has bought the right-wing British magazine in a deal worth about $131 million.
How Swing State Politics Are Sinking a Global Steel Deal
As the Biden administration nears a decision to block the proposed acquisition of U.S. Steel, the debate over national and economic security is being dwarfed by presidential politics.
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.