The move would reduce ownership by a Chinese company, ByteDance, amid escalating tensions between the U.S. and China.
Tag: Mergers, Acquisitions and Divestitures
Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers
With a $5 billion play for Noble Energy, the oil giant is set to acquire properties around the world for a relative bargain. Other companies might make similar moves.
Fears for Volvo Expose Sour Turn in Sweden’s Ties With China
When a Chinese manufacturer swept in to save the Swedish car marque, it was warmly welcomed. A decade later, plans for a fuller merger are being debated in a frostier atmosphere.
The Economy Is Reeling. The Tech Giants Spy Opportunity.
Many companies are retreating. But Amazon, Apple, Facebook, Google and Microsoft are placing bets to get even bigger.
Canada’s Largest Newspaper Changes Hands Amid Vow to Keep Liberal Voice
The Toronto Star’s new owners pledged to keep its tradition of championing liberal causes in a news market dominated by conservative views. Less clear? The plans for fixing the paper’s financial woes.
Uber Sells Food Delivery Business in India
The ride-hailing giant agreed to sell Uber Eats in India to rival Zomato, continuing its recent efforts to exit money-losing businesses.
Uber in Talks to Sell Its Food-Delivery Business in India
Dara Khosrowshahi, Uber’s chief executive, is paring back the company’s money-losing businesses.
SoftBank and Line Corp. Seek to Create a Japanese Internet Giant
Fresh off a multibillion-dollar loss on WeWork, SoftBank plans to shore up its domestic business with a big bet on Japan’s leading messaging app company.
Uber Acquires Cornershop, a Grocery Delivery Start-Up
Although the growth of its core business has slowed, Uber is building its food and freight delivery services, among other ambitions.
Hays Travel Buys Thomas Cook Stores, Saving Thousands of Jobs
The tour company has acquired all 555 of its collapsed rival’s branches, potentially rescuing the posts of 2,500 workers.