Nearly 10 years after buying Family Dollar for about $9 billion, Dollar Tree announced it would sell the retailer to two private equity firms.
Tag: Mergers, Acquisitions and Divestitures
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.
Lynch Yacht Sinking Off Sicily Proves as Baffling as It Is Tragic
As bodies were recovered, the authorities and experts wondered how a $40 million, stable and secure vessel could have sunk so quickly.
Founder of Kakao, South Korean Tech Giant, Arrested Over K-Pop Deal
Kim Beom-su, the billionaire behind Kakao, was taken into custody on allegations of stock manipulation during a bidding war over a K-pop agency.