Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million. Lufthansa has received antitrust clearance from the European Union (EU) to acquire 41% of ITA Airways for 325 million euros (about $350 million) following the sale of certain routes and slots, the company announced Wednesday, July 3.
Deals
Delta Air Lines Strikes Deal With Riyadh Air to Operate Flights Between US and Saudi Arabia
Delta Air Lines and startup Riyadh Air have entered into a partnership to connect the US and Saudi Arabia with regularly operated flights.
Goldman Sachs Buys Taylor Swift’s Stage Builder TAIT
Goldman Sachs’s private equity business has bought the majority stake of TAIT, the engineering company that designed the stage for Taylor Swift’s Eras Tour, for an undisclosed amount.
Eli Lilly's $3.2 Billion Purchase of Morphic to Enhance Chronic Illness Therapies
Eli Lilly & Co. is acquiring US biopharma company Morphic Holding Inc. for $3.2 billion to advance its experimental therapies for inflammatory bowel disease and other chronic illnesses.
Paramount Global Approves Merger with Skydance Media, Transforming Entertainment Industry
Paramount Global's directors have approved a merger plan with Skydance Media, set to be finalized on Sunday and announced on Monday, July 8.
Latest News
Final Fantasy creator Hironobu Sakaguchi has reunited with Square Enix after over two decades to release an enhanced version of his latest game, Fantasian.
GSK said that it was reorganizing its cooperation with CureVac, including gaining control over various vaccines they were producing together, including COVID-19 and influenza vaccines.
The preliminary merger deal between National Amusements, Paramount Global, and Skydance Media appeared to have been reignited after abandoning it due to shareholder dispute.
The Federal Trade Commission has voted to prevent mattress maker Tempur Sealy from acquiring retail chain Mattress Firm, citing concerns that the merger would stifle competition.
Apple has secured an observer role on OpenAI’s board as part of a significant agreement, with Phil Schiller, the head of Apple’s App Store, appointed to the position.
Paramount Global is in private discussions with other entertainment companies to explore merging its Paramount+ streaming service with an existing platform.
Boeing reportedly agreed to purchase Spirit AeroSystems for $4 billion after months of talks. The damaged Spirit AeroSystems sign is seen damaged after an EF3 tornado touched ground on April 15, 2012 in Wichita, Kansas.
Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy, disclosing $970 million in debt.
The European Union's antitrust regulators are set to scrutinize Microsoft’s $13 billion investment in OpenAI, focusing on the exclusive use of Microsoft's cloud technology and its potential impact on competition.
