Tag: Asset sales

Pershing Square SPAC exits Universal Music deal

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Billionaire Bill Ackman is walking away from a deal announced last month that would have given him a 10% stake in Universal Music Group,...

US regulators criticize Buffett’s failed $1.3B pipeline deal

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OMAHA, Neb. — Federal regulators say Berkshire Hathaway's $1.3 billion deal to buy a natural gas pipeline from Dominion Energy that fell apart this...

Founding family of UK’s Daily Mail mulls taking it private

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LONDON — The founding family of Britain’s Daily Mail is considering making a bid worth 810 million pounds ($1.1 billion) to bring the parent...

Norway’s Telenor sells Myanmar operations to M1 Group

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BANGKOK — The Norwegian telecoms company Telenor, one of the biggest carriers in Myanmar, said Thursday it has agreed to sell its entire operations...

Tycoon behind DAMAC’s Trump golf club wants full ownership

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DUBAI, United Arab Emirates — The billionaire founder of one of Dubai’s largest developers, DAMAC Properties, announced on Wednesday his intention to take the...

Universal Music attracts the attention of US billionaire

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Universal Music Group is in talks to sell a 10% stake in a deal that would value the record label at about $40 billion....

Mexico to buy Shell share of Texas refinery for $600 million

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MEXICO CITY — Mexico said Monday it will buy Shell’s 50% share in the jointly-owned Deer Park refinery near Houston, Texas for about $600...

Tribune shareholders to vote on hedge fund Alden’s bid

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Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, will vote Friday on whether to be acquired by a hedge fund that...

General Mills dives deeper into the pet business

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SILVER SPRING, Md. — General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods' animal treat business for $1.2 billion...

Meredith to sell TV station division to Gray Television

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DES MOINES, Iowa — Magazine publisher and multimedia company Meredith Corp. said Monday it will sell its Local Media Group consisting of 17 television...