Latest Mergers and acquisitions News

Justice Department sues to block $14 billion Juniper buyout by Hewlett Packard Enterprise

Jan. 30, 2025 14:32 PM EST

The Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a new Trump administration that is expected to take a softer approach to mergers. The Justice complaint alleges that...

Frontier makes a second bid for Spirit as budget airlines struggle

Jan. 29, 2025 13:00 PM EST

NEW YORK (AP) — No-frills, budget airlines often lead the industry in customer complaints, according to government data, so if one were to disappear would it be missed by travelers? That is a question U.S. regulators will be asking after Frontier Airlines said Wednesday that it...

New player arrives in US Steel-Nippon takeover saga with the goal of quashing it

Jan. 27, 2025 11:10 AM EST

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said...

New bid for TikTok from Perplexity AI could give US government 50% stake

Jan. 26, 2025 22:31 PM EST

WASHINGTON (AP) — Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the U.S. government to own up to 50% of a new entity that merges Perplexity with TikTok’s U.S. business, according to a person familiar with the matter. The proposal,...

MrBeast not quite in the bidding race for TikTok just yet, rep says

Jan. 22, 2025 16:49 PM EST

Jimmy Donaldson — better known online as MrBeast — isn't in the TikTok bidding race just yet, according to a representative for the YouTube star. Donaldson stirred interest in a Jan. 13 post on X saying he’d “buy TikTok so it doesn’t get banned.” The next day, Donaldson...

US rejects Venezuelan President Maduro's reelection, but keeps financial lifeline for his government

Jan. 19, 2025 01:03 AM EST

CARACAS, Venezuela (AP) — Things seemed to be looking up for Venezuela in 2022. Following years of authoritarian rule and withering economic sanctions, President Nicolás Maduro had agreed to work toward a democratic presidential election. The White House, in return, granted him a financial...

With a US ban on TikTok hours away, Trump says he 'most likely' will grant an extension

Jan. 18, 2025 17:31 PM EST

The clock is ticking toward a U.S. ban on TikTok, but users seeking clarity on what that will mean did not get much Saturday from the company that runs the popular video-sharing platform or the tech giants that offer the TikTok app in their digital marketplaces. However,...

Taiwan iPhone maker Foxconn sets its sights on the ever more crowded EV market

Jan. 13, 2025 01:31 AM EST

BANGKOK (AP) — Auto industry newcomers like Taiwan-based iPhone maker Foxconn and China's Huawei Technologies are maneuvering to gain an edge in the electric vehicle sector, prompting automakers like Japan's Nissan and Honda to announce plans to join forces against a flood of ambitious...

Flying taxis are on the horizon as aviation soars into a new frontier

Jan. 08, 2025 09:59 AM EST

SAN FRANCISCO (AP) — When he was still a boy making long, tedious trips between his school and his woodsy home in the mountains during the 1980s, JoeBen Bevirt began fantasizing about flying cars that could whisk him to his destination in a matter of minutes. As CEO of Joby...

Getty Images and Shutterstock will merge to create a $3.7 billion visual content company

Jan. 07, 2025 06:49 AM EST
NEW YORK (AP) — Getty Images and Shutterstock will merge to create a $3.7 billion visual content company.