Mergers and Acquisitions

Media empire builder Sumner Redstone dies at 97

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.”

Blackstone discussed joining Microsoft in potential bid for TikTok

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.

What is CFIUS?

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.