Story of the Week Government shutdown begins as White House moves to cut billions in funding The federal government began to shut down on Wednesday after Democrats and Republicans failed to reach an agreement to extend government funding ahead of the October 1, 2025, deadline. The White House moved to pause or cancel billions of […]
Story of the Week EA going private in $55 billion deal that will pay shareholders $210 a share Electronic Arts said that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion. Shareholders of the company will receive $210 […]
Story of the Week VF Corp. to sell Dickies for $600M VF Corp. has an agreement to sell its Dickies workwear brand to Bluestar Alliance for $600 million in cash, the apparel conglomerate announced on Monday, Sept 15. The transaction is expected to close by the end of the year, subject to customary closing conditions […]
Story of the Week KKR buys South Korea’s Samhwa in $528 million deal U.S.-based KKR has acquired South Korea’s cosmetics packaging company Samhwa Co from TPG in a deal valued at 733 billion Korean won ($528 million). KKR said the acquisition is an addition to its long track record of investing in Korean businesses. The […]
Story of the Week Kraft Heinz to split into two companies Kraft Heinz will split into two companies, reversing much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world. The first of the two new companies, which are not yet named, will primarily […]