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Tag: Acquisition

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 […]

Kroger to slash grocery prices by $1B after Albertsons acquisition

Grocery giant Kroger has pledged to slash prices at Albertsons stores by $1 billion following a proposed takeover of rival chain Albertsons, but Wall Street is increasingly skeptical the deal will win government approval as food inflation continues to rattle U.S. politics. Kroger is upping the ante on the $25 billion megadeal after promising to […]

Cybersecurity Start-up Wiz Rejects $23 Billion Google Acquisition Offer

Cybersecurity startup Wiz turned down a $23 billion acquisition offer from Google, opting instead to pursue an initial public offering (IPO) in what would have been the internet giant’s largest acquisition ever. of The New York Times Reports Wiz, a privately held cybersecurity company, has made a major decision that could change its trajectory. Last […]

Cybersecurity startup Wiz turns down $23B Google acquisition: report

Cloud security startup Wizz has reportedly pulled out of talks to be acquired by Google parent Alphabet for $23 billion, a deal that would have been the search giant’s largest acquisition to date. Wizz CEO Assaf Rapaport told employees the company would instead pursue an initial public offering, as it had said last year. “It […]