The New York Times – Sports:
The agreement to remake a global game stunned most of the sporting world after seven weeks of clandestine negotiations.
Category: Mergers, Acquisitions and Divestitures
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Trump Family Praises the PGA and LIV Golf Merger
The New York Times – Sports:
The LIV series has been a boon for the Trump family, which lost major tournaments after the Jan. 6, 2021, assault on the capitol.
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PGA Tour and LIV Golf Will Merge, Ending Battle to Control the Sport
The New York Times – Sports:
In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”
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JetBlue-American Partnership Struck Down by Federal Judge
The New York Times – Travel:
An alliance begun in 2021 at four airports in the New York area and Boston allowed the airlines to sell tickets on each other’s flights and share revenue.
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Dan Snyder to Proceed With Sale of Washington Commanders to Josh Harris
The New York Times – Sports:
The embattled N.F.L. owner had reached a $6 billion deal in April with a group led by Harris but continued to seek higher bids. Other league owners are expected to review the sale at the end of this month.
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The Cure Says Ticketmaster Will Issue Refunds After Fee Complaints
The New York Times – Music:
The band said it wanted to make its North American tour “affordable for all,” but after tickets went on sale this week, fans said that fees had ratcheted up the price.
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Justice Department Sues to Block JetBlue’s Acquisition of Spirit
The New York Times – Travel:
Antitrust regulators said the deal would reduce competition and raise fares. The companies claim it would allow them to better compete against the biggest U.S. airlines.
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CVC Capital Partners Will Invest $150 Million in WTA
The New York Times – Sports:
CVC Capital Partners, the former owner of Formula 1, will take a 20 percent stake in a commercial subsidiary as the tour seeks to expand its marketing of events and players and increase prize money.
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JetBlue Expects U.S. Move to Block Merger With Spirit
The New York Times – Travel:
JetBlue said it saw a “high likelihood” of an antitrust suit by the Justice Department this week, but declared that the deal would foster competition.