Acquisitions/Mergers/Shareholdings

5-Hour Energy Founder to Buy Majority Stake in Sports Illustrated Publisher

Manoj Bhargava’s Simplify Inventions will take a roughly 65% stake in the Arena Group. Source link

1 year ago

Esmark Bids for U.S. Steel, Setting Up Potential Battle for Steelmaker

U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.…

1 year ago

A DuPont China Deal Reveals Cracks in U.S. National-Security Screening

Listen to article(2 minutes)WASHINGTON—U.S. officials forged an uneasy compromise to let DuPont sell its sustainable-materials business last year to a…

2 years ago

ESPN Strikes $2 Billion Sports-Betting Deal With Penn Entertainment

Penn’s Barstool Sportsbook app will be rebranded as ESPN Bet this fall as part of a 10-year agreement. Source link

2 years ago

U.S. to Ban Some Investments in China

President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain…

2 years ago

Anheuser-Busch Selling Shock Top, Blue Point to Cannabis Company Tilray

The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount. Source link

2 years ago

Campbell's Sauce Upgrade Looks to Be Worth the Cost

The food company’s acquisition of Sovos, maker of the premium Rao’s tomato sauce, isn’t cheap. But it makes good strategic…

2 years ago

Fanatics Intensifies Trading Card Fight With Lawsuit Against Rival

The legal action comes shortly after sports collectible company Panini had filed an antitrust lawsuit challenging Fanatics’ takeover of the…

2 years ago

Campbell Soup to Acquire Maker of Rao's for $2.7 Billion

Campbell said the deal for Sovos Brands is expected to close in December. Source link

2 years ago

U.S. Cellular Owner Explores Sale

The regional wireless carrier’s controlling shareholder says it is exploring strategic options for a business left behind by telecom’s consolidation…

2 years ago