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A federal judge on Tuesday sided with the Biden administration and blocked JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice ...
A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares ...
Several prominent mergers and acquisitions have been blocked or challenged by the Biden-Harris administration in 2024, including the proposed deal between Albertsons and Kroger.
Date Events Photos/Videos Monday, October 7 President Biden attends a memorial service for the victims of the 7 October terrorist attack on Israel.Biden lights a candle during a remembrance ceremony in the Blue Room of the White House with First Lady Jill Biden and Rabbi Aaron Alexander of Adas Israel Congregation, marking the one-year anniversary of the Hamas attack on Israel.
Spirit Airlines shareholders voted Wednesday to accept a $3.8 billion buyout from JetBlue Airways, but the deal could still face a challenge from federal antitrust regulators. JetBlue emerged as ...
It was Biden’s FTC that sued to stop the chip merger in December 2021, leading Nvidia to call off the deal months later, in 2022. There is little chance that Nvidia will ever buy the chip ...
The deal was proposed to take the form of a stock swap, estimated at the time of announcement to be worth about $45.2 billion. [1] The two companies argued that the merger would increase their overall scale , allowing the company to become more competitive, improve customer service quality, and quicken innovation.
The Biden administration has taken a tough stance against mergers, and it is certain to take a close look at Alaska Air Group's proposed acquisition of Hawaiian Airlines for $1 billion in cash.