mergers & acquisitions

Spirit Airlines pilots sending out résumés after JetBlue deal collapse

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Spirit Airlines pilots sending out résumés after JetBlue deal collapse

Some pilots at Spirit Airlines are worried and scouring for other opportunities after a judge last month blocked the low-cost air carrier’s proposed merger with competitor JetBlue Airways, throwing its future into doubt. Spirit pilots, recruiters and industry sources told Reuters that the ruling has led to increased job applications at other places of employment. Spirit Chief Financial Officer Scott Haralson … Read more

WeWork’s ex-CEO Adam Neumann wants to buy company out of bankruptcy

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WeWork’s ex-CEO Adam Neumann wants to buy company out of bankruptcy

Adam Neumann, WeWork’s disgraced billionaire founder, has reportedly spent the past several months trying to buy back the bankrupt co-working giant after being ousted as its CEO five years ago. A team of lawyers led by Alex Spiro of Quinn Emanuel — who also represents Elon Musk and Jay-Z — penned a letter earlier reported … Read more

Joe Biden’s antitrust halt of PGA-LIV merger is just par for the course

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Joe Biden’s antitrust halt of PGA-LIV merger is just par for the course

For people out there who love pro golf and want the best of the best competing against each other every week, you better hope Donald Trump is your next president, and it’s not just because the former president is such a golf fanatic. It’s because of the type of regulatory apparatus he will install if … Read more

New Macy’s CEO grabs reins amid takeover threats

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New Macy’s CEO grabs reins amid takeover threats

Macy’s CEO Tony Spring will officially grab the reins on Sunday as the storied retailer faces slowing sales growth and takeover threats. Spring, 58, who has climbed the ladder at high-end sister company Bloomingdales, has been Macy’s CEO-elect since last March — when Jeff Gennette announced plans to retire. “I am excited to take on … Read more

Media heiress Shari Redstone receives preliminary offer for Paramount parent: report

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Media heiress Shari Redstone receives preliminary offer for Paramount parent: report

Skydance Media CEO David Ellison has made a preliminary offer to buy National Amusements, the holding company of the Redstone family, as a way to take control of Paramount Global, Bloomberg News reported Wednesday. Ellison, son of Oracle founder Larry Ellison, has held discussions with Paramount about merging it with Skydance Media, after he takes … Read more

Arkhouse confirms $5.8 billion proposal to take Macy’s private

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Arkhouse confirms .8 billion proposal to take Macy’s private

Arkhouse Management and its partner Brigade Capital Management on Dec. 1 made a $5.8 billion proposal to take department store chain Macy’s private, Arkhouse confirmed on Sunday. Arkhouse Management, a real-estate-focused investing firm, and Brigade Capital Management, a global asset manager, submitted a proposal to acquire the Macy’s stock they don’t already own for $21 … Read more

JetBlue, Spirit Airlines to appeal judge’s ruling that blocked $3.8B merger

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JetBlue, Spirit Airlines to appeal judge’s ruling that blocked .8B merger

JetBlue Airways and Spirit Airlines said Friday they will appeal a federal judge’s ruling that blocked the air carriers’ planned tie-up because the proposed merger would violate US antitrust law. The appeal came after US District Judge William Young in Boston on Tuesday sided with the Department of Justice in holding that JetBlue’s planned $3.8 billion acquisition of ultra-low-cost carrier Spirit was anti-competitive … Read more

EU regulators plan to block Amazon’s $1.7B iRobot acquisition: report

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EU regulators plan to block Amazon’s .7B iRobot acquisition: report

The European Union’s competition watchdog plans to block Amazon’s $1.7 billion deal for robot vacuum maker iRobot, The Wall Street Journal reported Thursday, citing people familiar with the matter. Shares of the Roomba vacuum maker plunged 40% to $14 after the bell. Officials from the European Commission met Amazon’s representatives on Thursday to discuss the deal, the report said. The tech giant did not … Read more

Shari Redstone banker tied to Warren Buffett amid Paramount sale talks

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Shari Redstone banker tied to Warren Buffett amid Paramount sale talks

Shari Redstone’s investment banker has pulled some unusual moves as he explores a possible sale of her Paramount media empire — and it’s adding to the gossip surrounding the closely watched deal talks. Last May, National Amusements — a holding company that controls 10% of the stock and 80% of the voting shares of Paramount … Read more

Shari Redstone launches auction of Paramount Global holder: source

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Shari Redstone launches auction of Paramount Global holder: source

Shari Redstone is launching a formal auction of National Amusements, the holding company that controls struggling media giant Paramount Global, The Post has learned. BDT Capital Partners, the bankers for Redstone, the 69-year-old daughter of late media baron Sumner Redstone, have begun circulating nondisclosure agreements to private-equity firms to view National Amusements’ financials — widening … Read more