[ad_1] Updated Jan. 16, 2024 2:01 pm ET A federal judge on Tuesday blocked JetBlue Airways from acquiring Spirit Airlines, agreeing with the Justice Department that the $3.8 billion deal…
Tag: Ownership Changes
Uber Is Closing a Business It Bought for Over $1 Billion Three Years Ago
[ad_1] Jan. 16, 2024 11:01 am ET Uber said it’s shutting down Drizly, the alcohol-delivery service it acquired for $1.1 billion in 2021. Drizly said Monday that it would accept…
Closing of Kroger, Albertsons, C&S Deal Postponed
[ad_1] The proposed merger of U.S. grocery giants Kroger and Albertsons, and sale of assets to C&S Wholesale Grocers, will be later than previously anticipated as the companies continues discussion…
Synopsys to Acquire Ansys in $35 Billion Deal
[ad_1] Synopsys will acquire Ansys in a cash-and-stock deal giving the design-software company an enterprise value of about $35 billion. [ad_2] Source link
Shell to Sell Nigeria Onshore Oil Business for Up to $2.4 Billion
[ad_1] Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit…
Thomson Reuters Buys Majority Stake in Pagero
[ad_1] Thomson Reuters said it has bought a majority stake in the Pagero Group, taking it closer toward full control of the latter. Apart from the key shareholders, including Summa…
Luxury Hand-Me-Downs Are Now Worth Billions of Dollars
[ad_1] As much as luxury companies would love to stamp out the secondhand trade in their products, it’s an impossible task. All the better for fashionistas and investors, who can…
BlackRock to Buy Global Infrastructure Partners for $12.5 Billion
[ad_1] BlackRock has agreed to buy private-equity firm Global Infrastructure Partners for roughly $12.5 billion in cash and stock, a significant push into private-market investments for the world’s largest asset…
Frasers Property Owners Could Sell Company as Part of Strategic Review
[ad_1] Updated Jan. 10, 2024 1:29 am ET Frasers Property’s majority owners could sell the company or some of its assets as part of a strategic review, people familiar with…