All articles tagged with #ownership transfer
Seattle’s NFL team is officially on the market with the Paul Allen estate hiring Allen & Co. and Latham & Watkins to manage the sale, but Jeff Bezos is not pursuing a bid despite earlier interest in owning an NFL franchise.
The US and China have finalized a deal for TikTok's US operations to be transferred to new American owners, with the deal valued at around $14 billion, and details to be finalized during a meeting between Trump and Xi Jinping in Korea.
A framework deal has been reached between China and the US to transfer TikTok's ownership to US entities, aiming to address national security concerns, with further negotiations and potential summits planned to finalize the agreement amid ongoing trade discussions.
The US and China have reached a framework agreement to transfer TikTok's ownership to US-controlled entities, marking a significant breakthrough in resolving security concerns and the ongoing ownership dispute that began in 2020. Final details are pending approval from both leaders, with the deal potentially ending the threat of a US ban on the app.
Steward Health Care has secured financing to keep its Massachusetts hospitals open while working on potentially transferring ownership of some medical centers to other companies. The company reassured its 16,000 employees that it does not plan to close any hospitals in Massachusetts but is considering transferring one or more to other operators. Steward is also in advanced stages of a mergers and acquisitions process to bring in a significant equity partner for its physician organization. The for-profit system has been facing economic issues, including struggles with low rates for treating government-insured patients, and has been in talks with state officials about its challenges.
Shaker Heights City Council has voted to allow former police officer Chad Hagan to purchase K-9 Igor, who had been caught in a legal dispute between Hagan and the city. The ownership of the police dog will be transferred to Hagan in exchange for funding a replacement dog and training for another officer. Hagan had offered $10,000 of his own money to buy Igor, and community members have raised nearly $13,000 to support the purchase.
Woodman's Bar and Grill, a popular restaurant in Orono, Maine, will be passed on to the owner of Moe's Barbecue. The new owner, Dewey Hasbrouck, who grew up in Orono, plans to maintain the restaurant's menu, drinks, and staff while seeking new ways to increase sales.