Honda, Nissan plan to start merger talks in light of EV competition
According to Japanese media, Honda and Nissan Motors are in the process of merging and are reportedly planning to begin negotiations soon. The news, first reported by the Nikkei newspaper on Tuesday, comes as both auto giants struggle to compete with the world's biggest electric vehicle (EV) makers, including Tesla Inc. and Chinese automaker BYD. […]
Albertsons sues Kroger, terminates massive grocery merger
Albertsons sued Kroger after a U.S. judge blocked the supermarket giant's merger, alleging that Kroger failed to use “best efforts” and take “all actions” to obtain regulatory approval. In addition to a $600 million termination fee, Albertsons is seeking “billions of dollars in damages from Kroger to put Albertsons and its stockholders in a healthy […]
Albertsons abandons merger and sues Kroger
Albertsons announced Wednesday that it plans to terminate its $25 billion merger agreement with Kroger and sue the grocery giant, accusing Kroger of not working hard enough to reach the deal. Judges in Washington and Oregon on Tuesday handed the deal a victory for federal regulators and consumer advocates who argued that the merger could […]
Federal, State Judges Block Kroger-Albertsons $25 Billion Merger
Two separate rulings on Tuesday blocked the merger of supermarket giants Kroger and Albertsons. The ruling by U.S. District Judges Adrian Nelson and Marshall Ferguson reflects widespread concerns about the potential harm to competition and consumer choice that affects millions of Americans. Judge Nelson of Portland, Oregon issued A preliminary injunction will be granted after […]
Federal judge blocks $25 billion Kroger-Albertsons merger, but leaves door open for future deal
A federal judge on Tuesday blocked the suggestion In the $25 billion merger between grocery giants Kroger and Albertsons, a judge has ruled that the deal would limit competition and harm consumers, but left the door open for future attempts. It has become. Albertsons announced its intention to merge with Kroger in 2022 for $24.6 […]
Paramount’s $8B Skydance merger faces fresh hurdles — from ’60 Minutes’ to the Teamsters
Paramount Global's $8 billion merger with Skydance Media faces U.S. regulatory approval amid controversy over “60 Minutes'' interview with Kamala Harris to opposition from Teamsters union It faces new hurdles, sources told the Post. Officials say the outlook for the mega-deal has become increasingly uncertain since Donald Trump won the presidential election. Part of the […]
Skydance boss David Ellison to chop Paramount’s three-headed CEO structure after merger: report
Paramount's three-person leadership structure will reportedly be shelved and two of its co-CEOs likely to be ousted if its $8 billion merger with Skydance Media goes through. David Ellison, who will run the combined company as Skydance's current president, chairman and chief executive officer, will oversee a major project involving the consolidation of all of […]
Brendan Carr says ’60 Minutes’ editing scandal could affect Paramount-Skydance merger
According to President-elect Donald Trump's nominee to chair the Federal Communications Commission, CBS' refusal to release the full transcript of the “60 Minutes'' interview with Vice President Kamala Harris is due to a dispute between Paramount Global and Skydance. The deal may be factored into the government's consideration of the merger proposal. The FCC gives […]
Capri terminates Tapestry merger citing regulatory hurdles
See what's being clicked on FoxBusiness.com. The luxury fashion brand merger between Capri and Tapestry has officially been called off, the companies announced Thursday. abandon the merger This is because regulatory approval is unlikely. The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the government. Federal Trade Commission […]
DirecTV scrapping DISH merger | Fox Business
See what's being clicked on FoxBusiness.com. DirecTV announced it is withdrawing from its plan to acquire EchoStar's video distribution service DISH DBS after Dish's bondholders rejected a debt exchange offer from the satellite TV provider. “A successful exchange was a condition of our acquisition of the DISH Video business,” a DirecTV spokesperson said in a […]