Europe’s largest commercial landlord, Unibail-Rodamco, announced plans today to buy the Westfield Corp. for almost $16 billion. Westfield is an Australian company that has 35 mostly upscale malls in prime locations across the United States and United Kingdom. But even the firms behind some of America’s best-performing malls are feeling the pressure from online retailers […]
AT&T and Sinclair Broadcast Group want to increase their market share of TV stations and national TV networks. The two would-be buyers face a complicated regulatory path. But that’s where their tales diverge, leaving some analysts scratching their heads. That’s because Sinclair’s proposed $3.9 billion acquisition of Tribune Media appears headed for smooth sailing before […]
A $3.9 billion merger that would combine Tribune Media and Sinclair Broadcasting is waiting in the wings. Sinclair is already the nation’s biggest broadcaster with 193 television stations and if the rules change, they’ll add 42 more, including in New York, Chicago and Los Angeles. Click the audio player above to hear the full story.
Telecom giant AT&T’s $85 billion bid for Time Warner has, depending on who you ask, been held up by legitimate antitrust concerns, or by politics. President Donald Trump has spoken out against the merger since his campaign days, and yesterday, when Attorney General Jeff Sessions testified before the House Judiciary Committee, he ducked the question […]
The latest merger of two corporate giants, worth a combined $5.1 billion, is far from New York City. Instead, it’s the joining of two major trucking companies, Swift and Knight. The new company, Knight-Swift, will be based in Phoenix, where both companies have their headquarters. The trucking industry faces challenges, like flat demand from manufacturers, […]
U.S. food company Kraft Heinz offered $143 billion for the British-Dutch consumer goods conglomerate Unilever. Unilever rejected the proposal, but Kraft Heinz said it looks forward to reaching an agreement on the terms of a transaction. If the deal does eventually go ahead, it would be one of the largest acquisitions on record. It’s just […]
The Senate Judiciary Committee holds a hearing on Wednesday on the proposed merger of AT&T and Time Warner. The deal is worth about $85 billion. President-elect Donald Trump attacked it on the campaign trail. Now his administration will likely decide its fate. Click the above audio player to hear the full story.
