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Acquisition Rumors

All articles tagged with #acquisition rumors

business1 year ago•2 min saved

Ford Denies Rumors of Elon Musk Acquisition

Ford has officially denied rumors that Tesla and Elon Musk have acquired the company, labeling the story as completely false. The rumors, which may have originated from AI-generated YouTube videos, were dismissed by Ford, emphasizing that such an acquisition is unlikely given Tesla's history and focus. Musk also addressed unrelated speculation about a potential Tesla phone, stating it would only be considered if major tech companies engaged in app censorship.

via TESLARATI|

#acquisition-rumors #automotive-industry #business

business2 years ago•3 min saved

"Neiman Marcus CEO Dismisses Saks Takeover Rumors, Asserts No Need to Sell Business"

Neiman Marcus CEO Geoffroy van Raemdonck stated that there is "no need" to sell the business amidst rumors of a potential acquisition by Saks Fifth Avenue, emphasizing that the company is profitable and has ample liquidity. While acknowledging the eventual sale by current owners within the next five years, van Raemdonck emphasized that there is currently no process to sell the company. The luxury retailer's recent performance saw a decline in demand, reflecting the volatile nature of the luxury retail environment. Despite speculation of a potential merger with Saks, Neiman Marcus remains focused on executing its strategy and weathering industry shifts.

via CNBC|

#acquisition-rumors #business #department-stores