Mergers and Acquisitions

British pay-TV group Sky said Wednesday it accepted a sharply increased offer from 21st Century Fox to acquire the pan-European company, according to the Financial Times.

Elliott Management has promised to inject 50 million euros ($66 million) in capital after taking over Italian club AC Milan.

The offer is for the 61% of Sky that Fox doesn't already own.

J.M. Smucker is doing just about everything asked of it in trying to find areas of faster growth, while ditching some of the packaged foods that fewer people seemingly want.

J.M. Smucker  is selling off its U.S. baking business, which includes brands such as Pillsbury, Martha White and Hungry Jack, to private equity firm Brynwood Partners for $375 million.

HBO has won dozens of Emmy awards in recent years, airing commercially and critically successful programs such as “Game of Thrones” and “Westworld.”

The reason behind the sale is unknown.

Tencent, China's most valuable tech company, says it plans to spin off its streaming music service on a U.S. stock exchange.

Cypriot lawmakers have approved a law that enables the completion of the takeover of the island nation's troubled Cooperative Bank by the Cyprus-based Hellenic Bank.

In some versions of a story July 5 about Russian billionaire Viktor Vekselberg, The Associated Press reported erroneously that Vekselberg had hired Michael Cohen as a consultant.

Stocks that moved substantially or traded heavily Thursday: Embraer S.A., down $2.71 at $23.50 Boeing will own 80 percent of a joint venture with the Brazilian jet maker.

The much-touted initial public offering (IPO) of Saudi Arabia's giant state-owned oil company Aramco has stalled and, according to government officials and people familiar with the matter, will probably never take place, The Wall Street Journal said Thursday.

Western wear retailer Drysdales Inc. has been acquired by California-based Boot Barn Holdings Inc .

Boeing and the Brazilian jet maker Embraer will attempt to form a joint venture that would push the U.S. aerospace giant more aggressively into the regional aircraft market.

To understand why the United States and China stand on the brink of a trade war, consider the near-death experience of American Superconductor Corp.