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.
Tag: Mergers, Acquisitions and Divestitures
LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?
With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.
VanMoof, Trendy E-Bike Brand, Bought Out of Bankruptcy by Scooter Maker
Lavoie, which makes high-end scooters based on McLaren’s Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following.
Heineken Sells Its Business in Russia for 1 Euro
After Russia’s invasion of Ukraine in February 2022, hundreds of Western companies announced they would quit operating in Russia. But actually selling their assets and withdrawing has taken time.
Washington Spirit’s Michele Kang Wants to Take Women’s Soccer Clubs Global
With the rapid rise of women’s soccer, Y. Michele Kang, the owner of the Washington Spirit, is in the vanguard of transforming ownership and management worldwide.
A Stunning Merger Angers Athletes
A professional golf merger is a victory for Saudi Arabia and another sign that money can overwhelm almost any other force in sports.
Heat Pump Maker’s $13.3 Billion Sale Raises Questions in Germany
Carrier Global Corp., plans to acquire a unit of Viessmann Group that produces heat pumps, seen in Berlin as the heating solution for Germany’s green future.
Berlin to Review Sale of Heat Pump Maker to U.S. Firm
Carrier Global Corp., plans to acquire a unit of Viessmann Group that produces heat pumps, seen in Berlin as the heating solution for Germany’s green future.
Pulling the Plug on TikTok Will Be Harder Than It Looks
The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.
Your Monday Briefing: Putin and Xi to Meet in Moscow
Also, Donald Trump says his arrest is imminent and UBS agrees to buy Credit Suisse.