Acquisitions and Divestitures

At Trial, Mark Zuckerberg Avoids Explaining Takeovers of Instagram and WhatsApp

by
At Trial, Mark Zuckerberg Avoids Explaining Takeovers of Instagram and WhatsApp

In a second day on the stand of a landmark antitrust trial, Mark Zuckerberg, the chief executive of Meta, said on Tuesday that he bought Instagram and WhatsApp because it was difficult to build new apps and dodged questions about whether he was trying to snuff out competitive threats to his company. “Building a new … Read more

U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

by
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders

For more than a year, U.S. Steel pursued an ambitious solution to its mounting challenges. Once a symbol of American industrial might, it had agreed to a takeover by Nippon Steel, a Japanese rival, in a bid to ward off obsolescence. Citing the need to finance a costly modernization of its mills, U.S. Steel warned … Read more