Mergers and Acquisitions

Takeda Pharmaceutical Co. is selling its subsidiary in Japan focused on consumer healthcare to U.S. investment fund Blackstone Group.

The sale highlights the value of the Celtics, a team considered to be among the NBA’s most valuable franchises.

The deal gives J&J's Janssen unit access to Momenta's experimental therapy, nipocalimab, being tested for myasthenia gravis, a neuromuscular disease that causes weakness in muscles, and other diseases where the immune system attacks the body.

The acquisition, according to Kadenwood, "effectively establishes Kadenwood as the largest supplier of vertically-integrated, hemp-derived" CBD in the United States.

FAT Brands' acquisition of themed burger chain Johnny Rockets is a long-term investment, CEO and President Andy Wiederhorn told FOX Business Network's “Varney & Co” Thursday.

Fat Brands CEO Andy Wiederhorn said the deal for Johnny Rockets reflects his expectation that customers will come back to casual-dining chains after the pandemic subsides.

Three groups have emerged as finalists to buy the embattled franchise.

The companies that Sumner Redstone controlled, CBS Corp. and Viacom Inc., delivered an array of programming into American living rooms and onto the big screen, from CBS prime-time shows like “The Big Bang Theory” and irreverent cable programs on MTV and Comedy Central to film hits from the Paramount Pictures studio such as “Titanic” and “Top Gun.”

The agreed deal reverses Sunrise's failed bid to buy Liberty's Swiss business last year

The move by Blackstone comes as ByteDance is facing pressure from the White House to sell TikTok to a U.S. company or face the likelihood that the app will be banned in the U.S. over concerns that the Chinese government uses customer data for surveillance purposes.

This marks the first acquisition by Blackstone’s largest private equity fund.