The New York Times – Music:
Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its future has been in doubt.
Category: Mergers, Acquisitions and Divestitures
-
Sean Combs Sold Share of Tequila Brand for $200 Million
The New York Times – Music:
Mr. Combs, who was accused of sexual assault in several lawsuits, made the sale as he ended his long-term partnership with the liquor giant Diageo. He has denied wrongdoing.
-
Spirit Airlines Will Delay Plane Purchases and Furlough Pilots
The New York Times – Travel:
The low-cost airline, which has been unprofitable for four years, is trying to reduce costs after a federal judge blocked a proposed deal for JetBlue to acquire Spirit.
-
JetBlue and Spirit Call Off Their Merger
The New York Times – Travel:
JetBlue said it would pay Spirit $69 million to terminate the $3.8 billion deal, which had been blocked by federal antitrust regulators.
-
Boeing in Talks to Buy Spirit AeroSystems, a Struggling Supplier
The New York Times – Travel:
Under pressure to improve safety, Boeing may reassume ownership of Spirit, which makes the bodies of the troubled 737 Max planes.
-
JetBlue Says It May Back Out of Deal to Acquire Spirit Airlines
The New York Times – Travel:
JetBlue now says that it could back out of the acquisition just a week after the company said it intended to appeal a judge’s decision to block the deal.
-
Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The New York Times – Fashion & Style:
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
-
Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
The New York Times – Travel:
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
-
Recreating a Nearly Defunct, but Long Admired, Watch Brand
The New York Times – Fashion & Style:
As Breitling takes over Universal Genève, it reveals its strategy for making the brand successful again.