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Trump says he would block US Steel acquisition by Nippon Steel

President-elect Trump has vowed to block Nippon Steel's acquisition of US Steel. “I am completely opposed to the once great and powerful U.S. Steel being acquired by a foreign company, in this case by Japan's Nippon Steel,” President Trump said in a post on Truth Social on Monday. . He made the same promise during […]

DirecTV calls off acquisition of satellite TV rival Dish

Satellite TV giant DirecTV has terminated its contract with Charlie Ergen's Echostar and acquired rival Dish TV and other assets. The partnership was supposed to create the country's largest pay-TV distribution company with a total of 20 million subscribers. As part of the deal, DirecTV was to pay Echostar $1 for its pay-TV business, called […]

Fidelity Slashes Valuation of X/Twitter by 79% Since Elon Musk’s Acquisition

Investment giant Fidelity has written down the value of Elon Musk's shares in X (formerly known as Twitter Inc.) by a staggering 78.7% as of the end of August, and the social media platform Musk bought. That means the overall valuation is just $9.4 billion. 44 billion after attempting to withdraw from the agreement. tech […]

Nippon Steel’s acquisition of US Steel clears arbitration hurdle amid union opposition

American steelworkers spoke to FOX Business' Lydia Hu in suburban Pittsburgh, where U.S. Steel's headquarters may soon be turned over to Japan-based Nippon Steel. An arbitration panel ruled Wednesday that Nippon Steel Corp.'s proposed $14.9 billion takeover of U.S. Steel complies with the requirements of the company and its labor agreements. United Steelworkers (USW)This removed […]

FTC Chair Lina Khan defends merger and acquisition crackdown

Federal Trade Commission Chairwoman Lina Khan In an interview aired on Sunday, the minister defended the agency's role in policing mergers and acquisitions, saying companies were causing inflation. Khan was interviewed by Lesley Stahl on CBS News' “60 Minutes” at a town hall hosted by Khan and Rep. Alexandria Ocasio-Cortez (D-NY). The FTC chairman said, […]

7-Eleven parent rejects acquisition proposal from Canada-based convenience store giant

See what's clicking on FoxBusiness.com. Seven & i on Friday rejected a preliminary offer made last month by Alimentación Couche-Tard to acquire the Japanese parent company of convenience store chain 7-Eleven. The decision came “unanimously” from Seven & i's board of directors, based on the unanimous recommendation of a special committee the company set up […]

Elon Musk, investors lost over $24 billion on X acquisition

Elon Musk and X investors have reportedly taken a $24 billion write-off after the social media platform's value plummeted 72% since the billionaire bought the company less than two years ago. Musk and his partners paid $33.5 billion for the $44 billion acquisition of the site formerly known as Twitter in October 2022. The initial […]

Kamala Against Nippon’s Acquisition Of U.S. Steel

Democratic presidential candidate and U.S. Vice President Kamala Harris speaks during a campaign event at IBEW Local 5 in Pittsburgh, Pennsylvania, September 2, 2024. (Photo by Michael M. Santiago/Getty Images) By Chloe Hawkswell, OAN StaffTuesday, September 3, 2024 11:05 AM Democratic presidential candidate Kamala Harris has 45Number President Donald Trump has argued that U.S. Steel […]

7-Eleven parent company facing possible acquisition

See what’s clicking on FoxBusiness.com Alimentation Couche-Tard is considering buying another major convenience store company, Seven & I, which owns the popular 7-Eleven convenience store chain. The Canadian company, whose brands include Couche-Tard, Circle K and Ingo, “recently sent a” friendly but non-binding proposal” to Japan-based Seven & i, Couche-Tard said in a press release […]