Tag: Mergers, Acquisitions and Divestitures

Joe Biden’s Links to Wall Street, Silicon Valley

Want this delivered to your inbox each day? Sign up here. Biden gets Wall Street’s money and Silicon Valley’s advice The wallets of Wall Street are with Joe Biden, if not the hearts, report The Times’s Kate Kelly, Shane Goldmacher and Thomas Kaplan. The millions of dollars that financiers donated to the Democratic presidential candidate’s […]

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Trump Wants U.S. to Get Cut of Any TikTok Deal. No One Knows How That’d Work.

WASHINGTON — If he were still running casinos in rough-and-tumble Atlantic City, N.J., President Trump’s demand about Microsoft’s possible purchase of TikTok might be translated this way: I want a piece of the action. In exchange for blessing Microsoft’s acquisition of the Chinese-owned social media platform, Mr. Trump has said the United States Treasury should […]

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Is TikTok a Good Buy? It Depends on What’s Included

TikTok is going to get acquired or die trying. The hit video app appears headed for a shotgun wedding after President Trump has decided to force its owner, the Chinese tech conglomerate ByteDance, to sell TikTok to an American acquirer or be barred from operating in the country. On Monday, the president — acting as […]

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What Years of Emails and Texts Reveal About Your Friendly Tech Companies

The spectacle of the chief executives of Amazon, Apple, Facebook and Google testifying before Congress last week made for good TV drama. Yet the theatrics of the showdown distracted from the real payoff of the hearings: the accompanying cache of subpoenaed emails and texts from the past decade and a half. These documents provide compelling […]

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TikTok, Trump and an Impulse to Act as C.E.O. to Corporate America

WASHINGTON — President Trump campaigned on a promise to run the economy like his business empire. And for almost four years, he has unabashedly wielded the power of the presidency to insert himself into corporate affairs, helping some companies and punishing others in line with his instincts and inclinations. The latest target of his attention […]

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Trump Says Microsoft Can Bid for TikTok

WASHINGTON — President Trump gave the go-ahead for Microsoft to pursue an acquisition of TikTok, in his first public comments about the popular Chinese-owned video app after he had threatened to ban it from the United States entirely. Speaking at the White House on Monday, Mr. Trump said that TikTok would shut down on Sept. […]

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With TikTok, ‘Uncool’ Microsoft Aims for the Love of Tweens

SEATTLE — Maybe money can buy love. Or, at least, Microsoft would like to find out. On Sunday, the tech giant announced in a blog post that it would continue holding talks to buy TikTok in the United States, opening up the possibility of using its financial might to buy the fickle infatuation of tweens. […]

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Lord & Taylor Files for Bankruptcy as Retail Collapses Pile Up

Lord & Taylor, the floundering department store company that traces its roots to 1826, on Sunday became the latest retailer to file for bankruptcy protection as the coronavirus outbreak accelerates the demise of chains that were already teetering. The chain was acquired last year by the clothing rental start-up Le Tote in an unusual $100 […]

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What’s Going On With TikTok? Here’s What We Know

What exactly is going on with TikTok? The wildly popular app is known for hosting short videos where teenagers, celebrities and creators often dance or lip-sync to viral audio clips. It all seems innocuous, fun and sometimes even silly. But in recent days, President Trump has talked of banning TikTok from the United States, spooking […]

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ByteDance Said to Offer to Sell TikTok’s U.S. Operations

ByteDance, the Chinese internet giant that owns TikTok, has offered to sell the American operations of the popular video app as a way to save its business from being banned by the Trump administration, a person with knowledge of the matter said on Saturday. President Trump had told reporters on Friday that he was considering […]

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Microsoft Said to Be in Talks to Buy TikTok, as Trump Weighs Curtailing App

SAN FRANCISCO — Microsoft is in talks to acquire TikTok, the Chinese-owned video app, according to a person with knowledge of the discussions, as President Trump said on Friday that he was considering taking steps that would effectively ban the app from the United States. It’s unclear how advanced the talks between Microsoft and TikTok […]

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One of America’s Oldest Gun Makers Files for Bankruptcy for 2nd Time

The Remington Arms Company, one of America’s oldest and largest gun manufacturers, filed for bankruptcy protection on Monday after years of litigation and a loss of investors took a heavy toll on its finances. The Chapter 11 filing in the U.S. Bankruptcy Court in Decatur, Ala., is the company’s second restructuring in two years. Remington […]

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TikTok’s Parent Said to Weigh Selling a Majority Stake in the Video App

ByteDance, the parent company of TikTok, is weighing its ownership options for the popular video app after the Trump administration threatened to ban the app from the United States this month, according to people briefed on the discussions. One path that ByteDance, a privately held company in China, is discussing with its biggest backers is […]

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Ascena, Owner of Ann Taylor and Lane Bryant, Files for Bankruptcy

The owner of Ann Taylor and Lane Bryant, which just a few years ago was one of the country’s largest clothing retailers for women and girls, filed for bankruptcy on Thursday, after declining sales and high debt were exacerbated by store closures mandated by coronavirus lockdowns. The company, Ascena Retail Group, will close “a select […]

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Corporate Political Donations Undermine Pledges

Breaking: Carlyle announced this morning that one of its chief executives, Glenn Youngkin, will step down, leaving Kewsong Lee as the investment giant’s sole C.E.O. (Want this delivered to your inbox each day? Sign up here.) When companies’ political donations undermine their public positions Corporate leaders increasingly outspoken on some important issues, but there is […]

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Chevron Deal for Oil and Gas Fields May Set Off New Wave of Mergers

HOUSTON — In the first big deal since oil prices crashed four months ago, Chevron agreed on Monday to buy Noble Energy for roughly $5 billion in what many experts consider the beginning of a sweeping consolidation in the U.S. oil industry. The coronavirus pandemic has caused a sharp decline in oil demand, putting intense […]

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The Hedge Fund Set to Own McClatchy Made Big Cuts at Canadian Newspapers

In October 2016, a New Jersey hedge fund assumed ownership of Canada’s largest newspaper chain with very little fanfare. Few people noticed, including some of the chain’s employees. The fund, Chatham Asset Management, acquired two-thirds of Postmedia, the publisher of The National Post, the Vancouver Sun and several other major Canadian papers, by trading a […]

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Chatham Hedge Fund Has the Winning Bid for McClatchy Newspapers

After years of declines in revenue and print circulation, the McClatchy Company, one of the largest and most respected news publishers in the country, announced on Sunday that it expected to be bought by Chatham Asset Management, a New Jersey hedge fund, at the conclusion of a bankruptcy auction. The announcement, which signals an end […]

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Britain Gambles on a Bankrupt Satellite Operator, OneWeb

LONDON — As Britain says goodbye to the European Union, the government of Prime Minister Boris Johnson is making a sudden swerve into space. On Friday, a federal bankruptcy judge in New York approved an arrangement under which Britain will become an owner of a company that wants to use satellites to connect customers in […]

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