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.
Category: Mergers, Acquisitions and Divestitures
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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.’
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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.
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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.
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Judge Blocks JetBlue From Acquiring Spirit Airlines
The New York Times – Travel:
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.
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JetBlue Chief Executive to Step Down
The New York Times – Travel:
Robin Hayes described the decision to retire as “bittersweet,” and suggested that unspecified health concerns had driven it.
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Alaska Airlines Plans to Buy Hawaiian Airlines in $1.9 Billion Deal
The New York Times – Travel:
The deal, valued at $1.9 billion, would further consolidate the airline industry and is likely to face close scrutiny by federal antitrust regulators.
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Music Licensing Giant BMI Sells to Private Equity Firm
The New York Times – Music:
Broadcast Music Inc., one of the major performing rights organizations in the United States, collected $1.57 billion and distributed $1.47 billion for its 2022 fiscal year.
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Jezebel, the Oral History: ‘There Was This Riotous Sense of Fun’
The New York Times – Fashion & Style:
The site defined an era of feminism for millions of readers. According to its editors and writers, it was also an exhilarating place to work.