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.
Tag: Mergers, Acquisitions and Divestitures
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American
The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.
Everton Seeks Alternative Buyer as Deal With 777 Partners Falters
With a proposed sale stalled seven months after it was announced, a financially strapped Premier League team is pursuing a backup plan.
U.S. House Passes Bill That Could Ban TikTok
The legislation received wide bipartisan support, with both Republicans and Democrats showing an eagerness to appear tough on China.
Forced to Change: Tech Giants Bow to Global Onslaught of Rules
For years, Apple, Google, Meta and others operated unfettered. But new laws and regulations have finally compelled them to make major shifts to their products and businesses.
Yandex Reaches $5 Billion Deal to Exit Russia
Yandex, often called “Russia’s Google,” said it reached a deal to sell off its assets in the market where it made its fortune, after the war in Ukraine upended its operations.
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.
Manchester United Sells 25 Percent Ownership Stake to Jim Ratcliffe
The billion-dollar deal leaves the team’s unpopular owners, the Glazer family, in control of the club, but it delegates important responsibilities to their new partner.
Chasing Big Mergers, Oil Executives Dismiss Peak Oil Concerns
Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.