Latest Asset sales News

University of Arizona to expand, buy online college

Aug. 4, 2020 2:42 PM EDT

TUCSON, Ariz. (AP) — The University of Arizona has announced that it is acquiring a San Diego-based online college and creating an online university to play into the digital college market. The Tucson-based university said Monday that it will buy the assets of Ashford University, which has 35,000 students,...

Deal gives Atlanta company control of Anchorage TV news

Aug. 3, 2020 4:46 PM EDT

ANCHORAGE, Alaska (AP) — An Alaska telecommunications company has completed a deal to sell its Anchorage TV station to a Georgia company that already owns an Anchorage channel and will now control the state’s two leading broadcast news stations. GCI Inc. and Atlanta-based Gray Television Inc....

FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)

Retail rout gains pace, Lord & Taylor seeks bankruptcy

Aug. 3, 2020 8:45 AM EDT

NEW YORK (AP) — Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic. Household names, many longtime anchors in malls nationwide, were...

A man wearing a shirt promoting TikTok is seen at an Apple store in Beijing on Friday, July 17, 2020. U. S. President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. (AP Photo/Ng Han Guan)

Microsoft confirms talks seeking to buy US arm of TikTok

Aug. 2, 2020 9:06 PM EDT

NEW YORK (AP) — Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said Microsoft...

Siemens Healthineers to buy US cancer care firm Varian

Aug. 2, 2020 4:42 AM EDT

BERLIN (AP) — Germany-based Siemens Healthineers said Sunday it will buy U.S. cancer therapy and research company Varian in a deal worth around $16.4 billion. Siemens Healthineers, in which industrial conglomerate Siemens holds a majority stake, said it will buy all shares in Varian Medical Systems, Inc....

Q&A: What would a US ban on Chinese-owned app TikTok mean?

Aug. 1, 2020 4:18 PM EDT

NEW YORK (AP) — President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. The threat comes as Microsoft Corp. is in advanced talks to buy the Chinese app, owned by Bytedance Ltd., according to a...

FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York.   President Donald Trump will order China’s ByteDance to sell its hit video app TikTok because of national-security concerns, according to reports published Friday, July 31, 2020. “We are looking at TikTok,

Microsoft in advanced talks to buy TikTok's US business

Aug. 1, 2020 2:50 PM EDT

NEW YORK (AP) — Microsoft is in advanced talks to buy the U.S. operations of TikTok, the popular Chinese-owned video app that has been a source of national security and censorship concerns, according to a person familiar with the discussions who spoke only on condition of anonymity because of the...

Kentucky coal operator files for bankruptcy protection

Jul. 23, 2020 1:37 PM EDT

LEXINGTON, Ky. (AP) — A coal operator headquartered in Kentucky, which bought assets from Blackjewel LLC after the company went bankrupt last year, has now filed for bankruptcy protection. Rhino Resource Partners announced Wednesday they plan to sell all their assets and the assets of their subsidiaries to...

FILE - In this March 12, 2013, file photo, the U.S. Bank Tower building is seen as the sun rises over downtown Los Angeles. The U.S. Bank Tower, one of the tallest buildings in the West and a landmark in downtown Los Angeles, will be sold to the developer of the new World Trade Center in New York. The deal will close in September 2020. (AP Photo/Richard Vogel, File)

LA's U.S. Bank Tower sold to World Trade Center developer

Jul. 21, 2020 8:24 PM EDT

LOS ANGELES (AP) — The U.S. Bank Tower, one of the tallest buildings west of the Mississippi River and a landmark in downtown Los Angeles, will be sold to the developer of the new World Trade Center in New York. Singapore real estate company OUE said it will sell the 73-story skyscraper to Manhattan-based...

FILE - This Jan. 14, 2015, file photo, shows signage at the entrance to eBay's headquarters in San Jose, California, USA.  EBay Inc. is selling its classifieds business to Norway's Adevinta in a deal worth some dollars 9.2 billion U.S.,  that will create the world's largest online classifieds group, the companies said Tuesday July 21, 2020. (AP Photo/Marcio Jose Sanchez, File)

Norway's Adevinta buys eBay classifieds unit in $9.2B deal

Jul. 21, 2020 7:29 AM EDT

LONDON (AP) — EBay Inc. is selling its classifieds business to Norway's Adevinta in a deal worth $9.2 billion that will create the world's largest online classifieds group, the companies said Tuesday. Under the terms of the deal, the U.S. company will get $2.5 billion in cash and become the largest...