Latest Mergers and acquisitions News
Indonesia is set to launch Southeast Asia's first high-speed railway, largely funded by China
JAKARTA, Indonesia (AP) — Indonesia is launching Southeast Asia’s first high-speed railway, a key project under China’s Belt and Road infrastructure initiative that will cut travel time between the capital and another major city from the current three hours to about 40 minutes. ...
Once rivals, now partners: Peloton and Lululemon to collaborate on connected fitness and apparel
Peloton and athletic wear maker Lululemon have announced a five-year partnership, effectively closing the curtain on Lululemon's recently acquired connected fitness device, Mirror. The interactive fitness company steps in to become the exclusive digital fitness content provider for...
EU Commission blocks Booking's planned acquisition of flight booking provider Etraveli
BRUSSELS (AP) — The European Union's executive arm said Monday it is blocking leading U.S. online travel agency Booking from acquiring Sweden's flight booking provider Etraveli Group because it would have allowed it to increase its dominant position on the market on the continent. ...
Who are Rupert Murdoch's children? What to know about the media magnate's successor and family
NEW YORK (AP) — Media magnate Rupert Murdoch on Monday announced that he would be stepping down as the leader of both Fox News' parent company and his News Corp media holdings — with his son, Lachlan, set to take his place. Through his decades-long career, Murdoch, 92, built an...
Former U.S. Rep. Steve Buyer of Indiana sentenced to 22 months in prison for insider trading
NEW YORK (AP) — A former U.S. congressman from Indiana was sentenced Tuesday to 22 months in prison for making illegal stock trades based on inside information while working as a consultant and lobbyist after he left office. Former U.S. Rep. Steve Buyer, 64, a House Republican from...
Nihar Malaviya named as permanent CEO of Penguin Random House
NEW YORK (AP) — Nihar Malaviya has been named as permanent CEO of Penguin Random House, nine months after he was appointed the interim chief executive. Malaviya succeeded Markus Dohle, who departed weeks after a federal judge struck down Penguin Random House's attempted merger...
US says Elon Musk should not be immune to testifying about the former Twitter
The U.S. government says the former Twitter's request to end oversight of its data privacy and security practices is “meritless” and owner Elon Musk should not be immune to testifying about the company since he has “first-hand knowledge” of the conduct being investigated. ...
Kroger and Albertsons sell hundreds of stores in a bid to clear merger of the 2 largest US groceries
Kroger and Albertsons will sell more than 400 stores and other assets for about $1.9 billion, seeking to clear a path for a merger with antitrust regulators reviewing a deal that would unify two of the nation's largest grocery chains. The 413 stores, along with QFC, Mariano’s and...
Apple loses about $200 billion in market capitalization on reports of iPhone restrictions in China
Apple has lost around $200 billion in market capitalization over several days as tensions between the U.S. and China rise, with several media outlets reporting this week that the iPhone maker is being singled out by Beijing. Apple shares fell 3% Thursday and are down more than 5% for...
Trump's Truth Social gets a lifeline after deadline for a big cash infusion is extended
Donald's Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year. Digital World Acquisition Corp., a special-purpose acquisition company, or SPAC, had a Friday...
