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 […]
New York Attorney General Letitia James joins lawsuit against UnitedHealth Group merger – CNYcentral.com
New York State — UnitedHealth Group, one of the largest providers of home health and hospice services for seniors, may soon acquire rival Amedisys. On Tuesday, New York Attorney General Letitia James joined three attorneys general and the U.S. Department of Justice in filing a lawsuit against the company's merger. The lawsuit alleges that the […]
Major Paramount shareholder Mario Gabelli urges FCC to delay key decision on Skydance merger
Prominent money manager Mario Gabelli, one of Paramount Global's largest shareholders, has urged the Federal Communications Commission to halt its review of media giant Paramount Global's transfer of broadcast licenses in its $8 billion merger with Skydance. requested the association. Gabelli requested a delay to investigate “possible fiduciary and/or federal securities violations” against Paramount's minority […]
Federal judge blocks luxury brand merger between Tapestry and Capri
Kudrow panelists Liz Peek and Caroline Downey react to the FTC's lawsuit to block the $8.5 billion Tapestry-Capri merger. A federal judge blocked the lawsuit Thursday. Merger pending The luxury handbag and accessories maker proposed acquiring Tapestry and Capri on the grounds that it would stifle competition. The proposed $8.5 billion merger between Tapestry and […]
Nippon Steel spends whopping $1.3 million on lobbying amid merger threat
Japanese steelmaker Nippon Steel paid money to major lobbying firm $1.3 million In the summer, plans to buy U.S. Steel were in jeopardy. From July to September, Nippon Steel spent more money on federal lobbying than on federal lobbying combined. $1.1 million This is a sign of how seriously the company is taking threats from […]
How famed money manager Mario Gabelli is trying to set things right with the Paramount-Skydance merger
Paramount has been largely out of the news lately, with nothing going on behind the scenes amid a messy attempt to sell itself for years before settling on a merger with Skydance Media. isn't it. As is already known, Paramount owner Shari Redstone is in talks with an independent studio headed by David Ellison, producer […]
Franklin Templeton proposes Bitcoin, Ethereum ETF merger: What it entails – AMBCrypto News
Franklin Templeton proposed a Bitcoin and Ethereum index ETF, combining both assets into one fund. Hashdex plans to launch an innovative ETF that directly holds spot Bitcoin and Ethereum. Notable developments include: franklin templeton investmentsThe prominent trillion-dollar asset manager has submitted a proposal to create Bitcoin with the U.S. Securities and Exchange Commission (SEC). [BTC] […]
DirecTV, Dish reportedly close to reaching a merger agreement — which could bring in more than 20M subscribers
DirecTV and Dish are in advanced talks for a merger that could create the largest pay-TV provider in the U.S. with more than 20 million subscribers, according to multiple reports. The deal could be announced as early as Monday, The Wall Street Journal reported. reported Thursday evening. This will also include Dish's streaming TV brand, […]
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, […]