Mergers, Acquisitions and Divestitures
Patagonia Founder Gives Away the Company to Fight Climate Change
A half century after founding the outdoor apparel maker Patagonia, Yvon Chouinard, the eccentric rock climber who became a reluctant billionaire with his unconventional spin on capitalism, has given the company away. Rather than selling the company or taking it public, Mr. Chouinard, his wife and two adult children have transferred their ownership of Patagonia, […]
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Twitter Rebuts Musk’s Fraud Claim in Dispute Over Fake Accounts
Twitter has accused Elon Musk, in a lawsuit, of abandoning his planned acquisition of the company because stock market turbulence made the deal more difficult for him. But firing back in a legal filing, Mr. Musk says it was Twitter that torpedoed the $44 billion acquisition. Mr. Musk argues that Twitter concealed the true number […]
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F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta
WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised […]
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Amazon to Acquire One Medical Clinics in $39 Billion Deal
Amazon said on Thursday that it had reached a deal to acquire One Medical, a network of primary care clinics, in a deal worth $3.9 billion, a big step in the e-commerce giant’s plans to become a player in the health care industry. One Medical, which is based in San Francisco, operates a network of […]
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Elon Musk and Twitter to Go to Trial Over Deal In October
Twitter and Elon Musk will go to trial in October over whether the billionaire must complete his $44 billion acquisition of the social media company, a Delaware judge ruled on Tuesday. The ruling was the first decision in a lawsuit that Twitter filed this month to force Mr. Musk, the world’s richest man, to go […]
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Word of Trump Media Deal Is Said to Have Leaked Months in Advance
Months before former President Donald J. Trump’s social media company unveiled an agreement to raise hundreds of millions of dollars last fall, word of the deal leaked to an obscure Miami investment firm, whose executives began plotting ways to make money off the imminent transaction, according to people familiar with the discussions. The deal — […]
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Elon Musk Responds to Twitter’s Lawsuit Over $44 Billion Deal
Elon Musk accused Twitter on Friday of deceiving him about its service, obfuscating facts and not notifying him of executive changes, in his first formal response to the company’s lawsuit aimed at forcing him to complete a $44 billion acquisition of the social media service. Lawyers for Mr. Musk, who struck the blockbuster deal to […]
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S.E.C. Broadens Inquiry Into Elon Musk’s Disclosures About Twitter
The Securities and Exchange Commission has broadened its inquiry into whether Elon Musk properly disclosed his investment in Twitter and his intentions for the social media company, the agency revealed on Thursday in a filing. The agency raised questions about a tweet from Mr. Musk in May in which the billionaire claimed his $44 billion […]
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Why Elon Musk Can’t Back Out of Buying Twitter, According to Twitter
In a 62-page lawsuit filed on Tuesday, Twitter accused Elon Musk of breaching an agreement to buy the social media company for $44 billion. Mr. Musk, the world’s richest man, has tried to back out of the acquisition, citing Twitter’s number of fake accounts and accusing the company of not giving him enough information about […]
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