Mergers and Acquisitions

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.

Most Sprint retail stores nationwide are getting a fresh look this week as they officially begin to operate under the T-Mobile brand beginning Sunday.

Under the agreed transaction, Siemens Healthineers will acquire all shares in Varian for $177.50 each in cash, representing a 24% premium to the U.S. company’s closing price on Friday.

The committee, headed by the Treasury Secretary, includes the departments of defense, justice, state, energy, commerce, homeland security, the U.S. Trade Representative and the White House Office of Science and Technology Policy.

The financial details of the deal were not disclosed

Taylor told The Athletic that interested buyers have been told that the franchise must stay in Minnesota

Ebay will receive $2.5 billion in cash and 540 million shares of Adevinta

Investors dipped back into stocks, driving the Nasdaq to its 28th record high of 2020.